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the end of June. Secondaries (announced/priced): PMT, KKD, SAVE (block trade), ULTA & WWWW (holders), CLMT IPO's (filed/priced): N/A Key Research: Barcap upgrades VECO & downgrades BP & initiates RXN (ow) and MM few), Wells upgrades VRTX Key Research: Canaccord initiates UTEK (buy) & upgrades XEC (bu
, Russia closed (Victory Day), Davidson Financial Services Conference (Seattle), Earnings (DF, TEVA, SODA, ATVI, CSCO, MNST, NWSA, PCLN) Thursday: Treasury Monthly Budget Statement, Trade Balance, BOE rate decision, Spanish PM to announce important financial measures, China CPI/PPI (9:30pm), Houlihan Lokey Global Industrials C
H/BODY, Jefferies downgrades DRWI, Key Research: Dougherty downgrades CBOU, Key initiates HUN (buy), JPM upgrades WFM, KBW cuts KBW Key Research: Barcap upgrades ALL/SBH & downgrades PRU, Baird upgrades AHS & downgrades GPRO Key Research: Citi upgrades IRM (buy), DB downgrades MD, Raja upgrades REG/F
ns, Wholesale Inventories, III. Davidson Financial Services Conference (Seattle), Earnings (DF, TEVA, SODA, ATVI, CSCO, MNST, NWSA, PCLN) Thursday: Treasury Monthly Budget Statement, Trade Balance, China CPI/PPI, Houlihan Lokey Global Industrials Conference (NYC), Earnings (AGO, KSS, WIN, CA, ESRX, NUAN) Friday: PPI, U of Michi
y's) • Stifel upgrades USBNVFC (buy's) & cuts FITB/PDH and CMA/KEY (sell), RBC upgrades AOL ••• KBW upgrades RNST & downgrades PRI and SIAL (sell), Barcap initiates USAC (ow) • Key upgrades KNX/SWFT/HTLD (buy's) Europe Key Research: • Citi downgrade TCG LN, Nomura upgrade ETL FP, JPM upgrade BBVASM,
e has to play to its many strengths Independent Key Events This Week Tuesday: Obama delivers State of the Union (Marco Rubio to give GOP response), Treasury Monthly Budget Statement, JOLTs Job Openings, PacCrest Emerging Technology Summit (SF), Sterne Agee Financial Institutions Investor Conference (Miami), GS Technology and In
Entities connected to both Barcap and Treasury Monthly Budget Statement

Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSONBaird
PERSON
Barack Obama
PERSON
Bloomberg L.P.
ORGANIZATION
Horizon
ORGANIZATIONJefferies
ORGANIZATION
Angela Merkel
PERSONNomura
ORGANIZATION
François Hollande
PERSON
Wells
ORGANIZATIONStifel
ORGANIZATIONEmpire Manufacturing
ORGANIZATION
Ghislaine Maxwell
PERSON
David Cameron
PERSONUtilities
ORGANIZATIONCanaccord
ORGANIZATIONRetail Sales
ORGANIZATION
DISCA
ORGANIZATION