Epstein Secrets

e getting hit hard today on heightened political uncertainty and generally weaker macro data across the board. Socialist Francois Hollande edges out Nicolas Sarkozy in Round 1 of the French elections as expected (28.5% to 27.1%), while the far-right National Front's Marine Le Pen took third with a record high 1

the vote. Hollande & Sarkozy will now go head-to-head in a Round 2 run-off on May 6 with Hollande still holding a commanding lead in opinion polls (Sarkozy will need to convert a large % of Le Pen supporters to have a chance). Meanwhile, the Dutch government failed to agree on budget cuts over the weeke

, RBC initiates IPHI (op) & downgrades MS upgrades GLE FP & initiates FFIV (ow) and FDS (ew), Piper initiates VCRA Roth reinstates CYTR/PTN (buys), Baird downgrades FWRD, Susquehanna upgrades Bofa upgrades RY (buy), Citi downgrades PGR Reporting Pre-Open: CHKP, COP, DHI, ETN, HAS, ROP, STI, XRX, BEAV

al.wsj.com/article/S1510001424052970204059804577227452963906044.html? mod=WSJPRO_hpp_LEFTTopStories>) David Cameron travels to Paris for talks with Nicolas Sarkozy to close landmark nuclear deal Greek culture minister resigns after robbers seize items at antiquities museum in EFTA00419539 Olympia An Ikea n

dholders FT<http://www.ft.com/cms/s/0/6144c5b6-58ca-llel-b118- 00144feabdc0.html#axzzlmKzUclJP> Anglo-French relations to be tested as Cameron meets Sarkozy in Paris today FT<http://www.ft.com/cms/s/0/a5a55426-5890-11el-b9c6-00144feabdc0.html(faxzzlmKzUclJP> European pension burden bigger than health, e

Research: Key Research: (hold) & FINL Key Research: OKE (ow) Key Research: XYL (neut) Key Research: PFCB Jeff downgrades UPL/AIMC/ARTC, Key Baird downgrades MXWL/DELL, Cantor (buy) HSCB downgrades BG, Raja initiates downgrades ITRI, CS downgrades STO initiates MSPD (buy), DB initiates FL J

billion max target (first auction since the III downgrade last week). France sold 07.43 billion in 5-9-10-13 year bonds vs C7.5 billion max target. Sarkozy and Hollande traded shots last evening in a - 3 hour live tv debate (consensus seems to be that Hollande faired well and Sarkozy failed to deliver

owngrades VC, SunTrust downgrades GMCR, CLSA upgrades AB, Needham downgrades SMSC Key Research: Imperial initiates SPB (op), Piper downgrades GMCR, Baird downgrades DVA, CS upgrades CRM & cuts CACI Key Research: JPM upgrades TTMI (ow), KBW downgrades BBNK & upgrades CHCO, GS upgrades ALL, BMO cuts N

ote (unlikely with 5 main candidates), the 2 front-runners will go onto Round 2 on May 6. Right now the latest polls from CSA have Hollande leading Sarkozy 29% to 24% in Round 1 (had been tied a few days ago) and ultimately winning the Round 2 run-off in a more convincing fashion 58% to 42%. Hollande is

buy) & reinstates ANR/BTU (buys) / ACI/CNX (up's), JPM downgrades DNB Key Research: Citi upgrades BN FP/ING (buy's), CBE/AYI (ow's) Key Research: Baird upgrades MCEP & initiates FMS (neut), DB upgrades CHRW/SEMG (buys) Key Research: GS resumes ETP (neut), SocGen adds BN FP to Premium List, BMO down

w York Times/CBS News poll (NYT<http://www.nytimes.com/2012/03/13/us/politics/obama-approval-rating-down-in-new-york- times-cbs-poll.html?_r=3&hp>) Sarkozy edges ahead of Holland in latest opinion poll of French election (positive for financials) Net earnings per share revisions for next year turn posi

VN ($175M), MWE, SLXP ($500M convert), TNGO IPO's: N/A EFTA00418137 Key Research: Bernstein upgrades SAP, DB downgrades CVC & upgrades SNI (buy), Baird upgrades VOC Key Research: Barcap initiates OIS (ow), Equinet upgrades S92 GR, Key initiates CVA (buy), W Blair initiates COV (op) Key Research:

losmq6Ucr> Merkel no longer set to campaign with Sarkozy FT<http://www.ft.com/cms/s/0/456ee0ea-6dee-llel-

initiates SYK/ZMH (op's), Piper initiates SPNC/GTIV (ow), FBR initiates WRLD (mp), Sitfel upgrades AFFY (buy) Key Research: DB upgrades VECO (buy), Baird downgrades RRMS, Susquehanna initiates MYL/WPI EFTA00417992 (positive's) Key Research: Stifel initiates ARIA/ARQL/CEMP (buy's) and DNDN (hold) &

(MON, STZ, APOL, FDO) Friday: December Employment Report, Eurozone Economic Confidence, Next round of formal negotiations for new EU fiscal treaty, Sarkozy meets with Monti in Paris, Earnings (CMC) Ike Groff mailto: I • (Description: Description: cid:[email protected]) I • This e-mail

brokers initiates ANGI Key Research: RBC upgrades JACK to Top Pick & upgrades KIM/PAY/KEX & downgrades CPT/DFT/FPO/LHO/NLY/O/SPG/WRI Key Research: Baird upgrades UA & downgrades WWW, Piper downgrades ZUMZ & upgrades AEO/SQNM, Macquarie downgrades EXC/PCG Key Research: JPM downgrades HOLX/PCAR/AMT/NA