EFTA00435925.pdf

From: Ike Groff <MI > Subject: early tour 4.6.11 Date: Wed, 06 Apr 2011 10:39:14 +0000 Good Morning ... European Markets up 0-70 bps... Nikkei Closed -32 bps (Hang Seng +56 bps, China +1.15%) EUR 1.430 (+0.54%) JPY 85.13 (-0.30%) CHF .9171 (+0.90) AUD 1.0381 (+0.50%) NZD .7739 (+0.71%) Copper +1.44% Silver +81 bps Corn -80 bps Cotton +1.88% 10yr 3.48% Futures: Dow +51, Nasdaq +13, S&P +6 DXY $75.60 (-33c) Crude $108.13 (-21c) Gold $1460.50 (+$8.00) ***M0N reports @ 8am, BBBY & PBY earnings after close*** ***March Retail Comps out tonight and tomorrow morning*** Commerzbank will raise Cl1B in order to repay C14.3B of state aid (inline) (trading +2.0%) Intesa plans to sell as much as C5B of new shares by July to boost capital (inline) (trading +1.7%) Deutsche Bank may seek shareholder approval to raise up to $18B in fresh capital (WSJ) (trading -1.47%) Portugal in talks with EU on how to meet immediate borrowing needs (banks press Lisbon to seek bridge loan) (FT) Portugal sells C1B of bills due October/March (Oct 2011 average yield jumps to 5.117% vs 2.984% on March 2) Moody's cut its rating on 7 Portuguese banks following the sovereign downgrade (outlook remains negative) Tepco engineers stop the outflow of highly radioactive water from No.2 reactor into the Pacific Ocean Optical component vendor Oclaro (OCLR) cuts March quarter revenue forecast (trading unchanged) American Superconductor (AMSC) slashes forecast as biggest customer refuses shipment (trading -40%) NYSE Euronext may bid for Nasdaq to disrupt hostile counteroffer for NYX from Nasdaq & ICE Netflix finalizing $75M -$100M deal with Lions gate to stream Mad Men seasons (WSJ) Dish Network confirms that it was the winning bidder in the Blockbuster auction at $320 million Valeant Pharmaceuticals goes hostile with offer for Cephalon (wants to replace the entire board) Bullish sentiment increases to 57.3% from 51.6% in the latest US Investor's Intelligence poll Alberta proposes rules that would revoke a number of oil sands leases (set aside EFTA00435925 20% for conservation) U.K. manufacturing production unexpectedly stalled in Feb (unchanged from Jan vs estimate 40.6%) Marks & Spencer gains the most in six months as sales fall less than estimated (trading 45.47%) Novartis asks EU regulators to approve the Prexige pain pill that was pulled off the market 4 years ago German factory orders climb almost 5x faster than estimated in Feb as economy gathers pace in Ql Rio Tinto obtains an interest of 49.49% in Riversdale Mining (raises offer price to A$16.50/share cash) Libya rebels pushed back from central oil port of Brega (commander criticizes NATO for response time) DIET registers shares holders - OFC lowers Q1 eps guidance - MIND earnings mixed OKE $1.2B credit facility - VRNT earnings better - CW contract with BA MYRX/NKTR Stansberry newsletter - G acquires Headstrong $550M - SGNT amended S1 Secondaries (announced/priced): KRC, 2BB, DLLR IPO's (filed/priced): Pimco REIT files $600M through CS, GS & JPM, IPO's (lock-up expires): EFC, GEDU Key Research: Macquarie initiates US Clinical Diagnostic Labs - BRLI/MYGN (neutral) & GHDX/LH/DGX (op) Key Research: MS initiates SRCL (ew), HSBC upgrades global financials & downgrades energy / industrials Key Research: Macquarie upgrades MBFI, Wells initiates INCY (mp) & YMI/SPR (op's), MS downgrades CVC Key Research: Barclays upgrades KWK & DNR, KBW downgrades WDR, HSBC upgrades SYMN Key Research: Ticonderoga initiates PJC (neutral), KeyBanc initiates EXP/USG (holds) & AWI (buy), Bofa upgrades WF Key Research: Cannacord upgrades BARC.LN, DB upgrades BOS3.GR & initiates SUNS (buy), Bofa downgrades WRB Key Research: Piper upgrades URBN/WTSLA/ZUM2, Baird upgrades FMO & initiates JMF, Opco upgrades BRCM Key Research: Wunderlich downgrades CVLT & upgrades CMO, CS upgrades AXA, Kaufman reinstates EBAY (buy) Key Research: Cowen lowers estimates NVDA, Susquehanna raises target & estimates MRX, Jefferies upgrades WPRT (buy) Reporting Pre-Open: MON, MSM Reporting Post-Close: BBBY, APOG, BLVD, NAUH, OCNF, PBY, RELL, RT, SMSC, WDFC Economic Data: MBA Mortgage Applications @ 7am DOE Crude Inventories @ 10:30am Fed's Lockhart speaks at conference @ 12pm (Stone Mountain, GA) Conferences: Needham Healthcare (NYC), Wells Tech Transformation Summit (SF), BB&T Commercial & Industrial (Coral Gables) Analyst/Investor Days: PNM, GG, FE, RGNC Non-Deal Roadshows: ABMD, ACET, ALG, CAR, CCJ, CVS, EPM, EWBC, FFIC, FRC, GLPW, GVP, HGSI, HI, III, ISTA, ITG, KMGB, LNDC, LXRX, MITL, PANL, PFS, PGN, SGMO, SHOO, SIGM, SQNM, THO, TPCG, TRN, TWGP, UIL, VITA, WG, WOLF, WTS, DNDN EFTA00435926 Shareholder Meetings: N/A Equity/Mixed Shelfs: MXWL ($125M) Other Newspaper Articles & Stories Barron's positive: Cloud Peak Energy (CLD) Banks may avoid threatened financial penalties for faulty foreclosures - Bloomberg NFLX and Lionsgate unite for exclusive syndication arrangement for Mad Men - Bloomberg Bloomberg Berlusconi sex, abuse-of-power trial is postponed until end of next month IMF reverses course on Capital controls - WSJ Fannie Mae planning to sell stake in apartment portfolio to Related - WSJ Dish Network (DISH) wins Blockbuster auction for about $320.6M - WSJ Deutsche Bank could raise up to 818B in fresh capital - WSJ Russian fund hopes to lure foreign investment - WSJ Ergen needs to Dish on his strategy - WSJ heard on the street SuccessFactors to leave Nasdaq (NDAQ) for NYSE (NYX) - WSJ Contrarian adding bets in Mideast (Thomas J. Barrack Jr) - NYT Generational divide colors debate over Medicare's future - NYT economic scene Time for an uprising by Cisco shareholders - NYT breakingviews Univision beat NBC in prime time last week - LA Times Minmetals Resources (1208.HK) wants to talk with Equinox Minerals about its hostile C$6.311 bid - Globe and Mail Interest from institutional investors higher than Glencore expected - FT Glencore allocates 20%-30% of its IPO to cornerstone and anchor investors - FT FT discusses cash burn in Libya Independent Commission on Banking may not break up Lloyds Banking Group - London Times National Australia Bank (NAB.AU) considering bidding for Lloyds Banking Group's 600 branches - London Times Ozone layer damaged by unusually harsh winter - Independent NYSE Euronext is considering a counterbid for Nasdaq OMX (NDAQ) -- Les Echos Toyota Motor (7203.JP), Microsoft (MSFT) to cooperate on creating global standard for energy-efficient car technology - Nikkei SEC investigating US-listed Chinese companies for fraud after series of accounting scandals - South China Morning Post EFTA00435927 Key Events This Week Thursday: Consumer Credit, Bloomberg Consumer Comfort, BOE & ECB rate announcement, Earnings (STZ) Friday: USDA Crop Report, Wholesale Inventories This e-mail and any files transmitted with it are confidential and intended only for the person or entity to which it is addressed. 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