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pgrades HERO/NBR/PES/PTEN (buy's) & cuts ESV/RDC/SDRL & makes BHI top pick Raja initiates DKUSXE (op's), Macquarie upgrades ETR, Bofa upgrades SCHN, Nomura cuts SHW Citi upgrades VNO (buy), Baird initiates VOD (op), DB initiates IDIX (buy) JEFF upgrade CPG LN, MS upgrade KRKA PW, RBC upgrade SVT LN, Ke
retail earnings. But all in all fairly quiet so far this morning. SPA's -2 handles = 1395 last. ***Mortgage Apps @ 7am, New Home Sales @ 10am, Fed's Beige Book @ 2pm *** ***AEO & ANN report pre-open / ARO & GES report after close*" ***Jefferies Global Energy Conference (Houston) begins"' ***13 CEOs meet w
SFUN (buy) • Imperial upgrades ZBRA/GDP and initiates SBGL (op), RBC initiates ATEN (op) • Jefferies upgrades UNFI (buy) and initiates HLT (hold), Nomura upgrades GHL & cuts MSI EFTA00370916 • Raja initiates NMBL (op), Baird initiates LPI (op), UBS upgrades NMBL (buy) & cuts NTAP • Canaccord initia
l be most pertinent to the interest rate speculation). SPA's +9 handles = 1848.60 last. 'Mortgage Apps @ 7am, Housing Starts @ 8:30am, IP @ 9:15am, Beige Book @ 2pm*** 'AST, BAC, GWW, HBAN, PNC, STJ, USB, ADTN reports pre-open, GETIB SS #'s @ 7am EST' ***AXP, COF, IBM, KMI, KSU, NE, PBCT, SLM, SNDK, GOOG,
052702304563104576361671054501968.html>, For- Profit Edu Sector WSJ<http://online.wsj.com/article/SB10001424052702303745304576361803286692710.html> Nomura cuts top 10 Executives' pay 38% as earnings slump after Lehman buy Bloomberg<http://www.bloomberg.com/news/2011-06-03/nomura-cut-top-10-executives-p
) WWDC Conference (Jobs Keynote Address), Needham Internet & Digital Global Financial Services Conference (NYC), RBA Cash Target, Wednesday: Fed's Beige Book, Japan GDP, Conference (Paris), Earnings (PLL) Piper Consumer Conference (NYC), GS Euro Financials Thursday: BOE & ECB Interest Rate Decision, US
tes WLT (sp), BMO downgrades JAKK, JMP upgrades MHO, JPM downgrades FOE Europe Key Research: ••• Barc initiate SMWH LN (ow), reinstate TEG GY (ow), Nomura downgrade EDEN FP, DB upgrade ITX SM • JPM upgrade HLCL LN, downgrade AOX GY, DEB LN, RGU LN, GRI LN, remove EKTAB from analyst focus list • BERN p
out of the "austerity cage"). SPA's higher again +5 handles = 1542.70 last. "'Mortgage Apps @ 7am, ADP Employment @ 8:15am, Factory Orders @ 10am, Beige Book @ 2pmen "'BF/B, BIG, SPLS report pre-open / PETM #'s after close". "Cid Financial Services Conference (Boston) begins today*" • VeriFone matched e
Entities connected to both Nomura and Beige Book

Lesley Groff
PERSONIke Groff
PERSON
Bloomberg L.P.
ORGANIZATION
Barack Obama
PERSONBaird
PERSON
Barron
PERSON
Stanford University
LOCATIONBarcap
ORGANIZATIONJefferies
ORGANIZATION
Ghislaine Maxwell
PERSON
Piper
PERSON
Michael Jackson
PERSON
Eric Trump
PERSON
Marc Rich
PERSON
Angela Merkel
PERSON
Evercore
ORGANIZATION
Philadelphia Fed
ORGANIZATION
Bernanke
PERSONUS Key Research
ORGANIZATION
Moody's
ORGANIZATION