Friday Morning, July 27th

   SITE NEWS

New IceMD Recording: Obesity is Socially Contagious;

   Dow Stock News

Intel (INTC) was charged by European antitrust authorities with using illegal tactics in competing against rival chip maker AMD. - WSJ

According to Reuters, Microsoft's (MSFT) CEO defended the company's move heyond the desktop.

Reuters writes that McDonald's (MCD) was sued in China for having most of its receipts printed in English.

The Wall Street Journal writes that McDonald's (MCD) will open all of its US stores at 5 AM.

   Ice Man Stocks

Breakouts the Ice Man may consider trading:

UTHR - 70

Regular Trades the Ice Man may consider:

NLS - 10.25
ACAD - 14.30
CHNR - 9
TCHC - 13.50

Depressed stocks the Ice Man may buy:

RTP - 265 G
RE - 96.80 G
AZN - 51 G
WMB - 29 G
XNG - 475 (MA)
PCAR - 79 G
SI - 119.80 G

Extended Shorts:

FFIV - 93/95
 
Dollar Man:

Dollar Man Ideas:

IGAM - 0.14 B
INCY - 5.80
PTT - 5.90
URST - 0.66 B
BDCO - 3.50
AMNT - 2.30

Depressed:

AETI - 6.80 G

   Media Commentators

Cramer's Comments:

Bullish: PEP, K, KMB, CLX, SLB, BA, MON, CSCO, DELL, HPQ, SCMR

Bearish: CFC, BSC, BX,

   Ice Cold Commentators

Break Man Video Summary:

Break out buy watch list for short term gains July 27 includes: SUNW, AA, LSI, XLB, WMT, JNJ, AKAN, DPDW, VOYT.
Several candidates for break out or pullback  plays for at least short term gains by buying the break out on good volume and selling at least some on the  first day. http://stocktiger.com

Swing Man Market Recap:

Selling....Nowhere To Hide Today....

The SP spent a lot of time trying to get through 1553. We asked you all to watch this every time we got up there and there were many attempts over a few months to get through that old high, that stone wall of resistance. If we could get through, the bears would be in big trouble. They'd have to cover their record number of shorts and the fuel would be there to launch us in to the 1600's. Every time we got there it looked like this would be the time. Yes, over a few years we moved up 778 points to get back to the old highs but there certainly was a possibility we'd get through. We had warned that it wouldn't be easy and that a pullback to form a handle would be best in terms of unwinding the oscillators and getting stocks cheaper so as to not keep chasing higher and higher. However, the fuel was there to make the break but ultimately it did fail. From this failure came some selling prior to today's carnage. That selling took us below SP 1530 or major support and the bears never looked back. Today, there was a lot of bad news regarding credit and housing  and the market could no longer handle the weight of all of this bad news and down we went from the outset. Down as much as 83 on the Nas,  440 on the Dow and 51 on the SP. The real deal on massive volume. Not fun but we avoided the carnage due to the message we got from losing SP 1530. The loss of that trend line got us basically in to cash. We warned all of you how bearish that loss of 1530 was.

So what did today's selling teach us. There's a lot to talk about there. How did we sell? We sold on massive volume and on incredibly poor breadth. 10/1 yet again on the Nyse and 5/1 yet again on the Nas. Repeat performance's from a few days back.. On top of that, volume was 3.5 billion on the Nas. Talk about price confirming volume. The selling also taught us about the nature of the extreme pessimism in the markets overall. The put call today was insanely pessimistic. The lowest reading being 1.46 with many readings in the 1.50's. Let's throw in this fact that there were 743 new lows to only 31 new highs on the Nyse and 374 new lows to only 64 new highs on the Nas. What do these internals tell us? It tells us that today saw the type of pessimism rarely if ever seen in the stock market. It tells me to be cautious about shorting here too heavily. It tells me that when I see 743 new lows we are basically so negative we have to bounce. We had many internals today you could call capitulatory. It doesn't mean the selling is over by any means but it could mean that the worst is about over. We could definitely move lower and test the 20 day on the sp down near 1370 but it may be more of a slower move over time to get there. It doesn't mean we have to get that low either. The pessimism is getting really outlandish. It feels awful out there and that's not a bad thing either.

We are not saying go out there and buy. We are saying you never know. There aren't any divergences yet but a bounce and a move back down could easily provide that. We'll see but you have to take notice when things get so bearish so quickly. Ultimately, this is extremely healthy for the overall markets. It resets and allows us not to chase so embrace it fully. If you followed us you're basically cash and you should not be getting hurt here. There are no clear signals to buy as of yet meaning maybe nibble a bit because that's all we will do initially. Slow and easy in this environment. One more strong bout of selling might bring about put call readings rarely if ever seen. Last June we saw 1,79 and 1.92 over three days and that was the bottom in the market. I would love to see that again. Bottom line is the bears are in control but there are some positives we can take from today's intense pessimism. Nice and slow here everyone. We'll guide you through it all. Go slow with us and it'll be fine.

   CNBC Fast Money Review

   1. SECOND-WORST DAY OF YEAR:

   The headline: Stocks Close Sharply Lower On Growing Worries About Lending Market.
   Bolling: Market turn down when XOM reported earnings. Market is only 5% off the all time high in the S&P.
   Najarian volatility is not a one day event. Feels there is apprehension in the marketplace and more volatility to come.
   Macke: Street is looking for the bulls to demonstrate that this is a buying opportunity.

   2.WHAT WENT WRONG:

   FINANCIALS:

   The headline: Financials Tumble On Subprime, And Credit Concerns
   Adami: Financials are sufficiently beat up. Likes GS and JPM and  recommends avoiding AXP.
   Bolling: Likes GS – this is when you buy a quality name such as GS.
   Macke: Buy GS

   OIL & ENERGY:

   Bolling: XOM reported decrease in profit for the first time in years. Recommends getting out of energy – except for the drillers.
   Najarian: Likes integrated oil – recommends buying puts as protection.
   Adami: Energy stocks are over-owned, he´s a seller.
   Macke: Agrees – there will be a buying opportunity at some point in the future.

   HOMEBUILDERS:

   The headline: Homebuilder Shares Lowest In Nearly 4 Years.
   Bolling: Says not to own a homebuilder until one of them goes bankrupt.
   Macke: Credit crunch might be spreading into this sector, but he´s not worried.

   TECH:

   The headline: AAPL, BIDU, and WFR  Buck The Trend In A Down Market.
   Najarian: Apple isn´t only about the iPhone. It´s about Mac computers, which are selling well.
   Adami: Tech is under-owned and energy is over-owned. Thinks money went out of energy and into tech Thursday, Likes NVDA as a trade.

   3. The Top 3

   1.Charting Through The Storm:
   In a volatile market, technicals can be useful tool for charting the best trades.
   There are few better at doing this than Eric Bolling.
   Bolling: S&P chart suggests to him that if the S&P falls below 1465, “things will get very dicey.’
   He feels investors can own the S&P 500 Index ETF, SPY down to 1465.
   Bolling: likes the NASDAQ chart and recommends owning powershares QQQ trust with a 1950 stop out.
   Najarian: charts of volatility indexes suggest tech names are safer than the overall S&P 500.

   2. Abandoned At The Altar:
   Takeover speculation is one market influence that pushed stocks higher this year.
   Such as M, WEN, and LYO - all grabbed headlines as investors bet on potential buyouts.
   With easy money getting a harder to come by, will some corporate marriages find themselves in trouble?
   Najarian: TGT is vulnerable to selling, there isn´t takeover support.
   WEN, M and HOT could also lose value without speculation.
   Macke: likes DDS on weakness as well as TGT, recommends getting out of WEN.
   Adami: buying opportunity for X and NUE fundamentals are strong and takeover speculation is also priced into these stocks.
   Recommends waiting and watching, for now.

   3. A Defensive Answer
   After Thursday, you've got to get defensive! Safety trades such as consumer staples to ETFs that bet against the market.
   Bolling: recommends PowerShares PID as a way to capitalize on world growth in a relatively safe way.
   If you need a hedge look at iShares DVY the highest dividend paying stock in the S&P.
   Macke: stick with CLX and PG. He doesn´t like the SPDR (XLP), says that fund has a lot of WMT in it.

   4. Get Smart!
   What's your strategy when the market falls 400 points in one day? Warren Buffett, Carl Icahn and Nelson Peltz are buying KFT.
   Bill Ackman, is buying TGT. Since they´re probably the smartest men on Wall Street – would you follow their lead?
   Macke: KFT is a great defensive consumer staple play.Thinks KFT will come under pressure.
   Bolling: thinks KFT is a buy.
   Adami: okay to follow these guys into KFT.
   Najarian: KMB and CLX are safe defensive names.

   5. FINAL TRADE:  Your First Move For Friday
   Macke: recommends buying COST, says is currently off 6% from its highs.
   Najarian: MYGN as a name in biotech.
   Adami: DELL because their PC shipments are up 12% year over year.
   Bolling GS is a buy on Thursday´s dip.

   News and Events Digest

Breaking News

Petrochina - Buffett reduces his stake slightly to 10.96%. - CNBC

TASER International, Inc. (TASR), a market leader in advanced electronic control devices, today announced that it received orders from two law enforcement agencies. The first order originated from a federal law enforcement agency for 406 TASER(r) X26 Electronic Control Devices (ECDs) and related accessories. The order was placed with Aardvark Tactical, Inc. of Azusa, CA, TASER International's sole distributor for the United States Government.

Regency Energy Partners LP (RGNC) said on Thursday it priced an offering of 10 million common units at $32.05 each and expects net proceeds of about $312.5 million. - Reuters

Shoe company Deckers Outdoor Corp. (DECK) posted quarterly earnings that beat its own as well as analysts' estimates, helped by robust demand for its UGG brand both domestically and overseas. - Reuters

Shoemaker Crocs Inc. (CROX) posted quarterly earnings that more than tripled from a year ago helped by robust demand for its expanded footwear collection and strong overseas markets, and forecast 2007 results significantly above analysts' estimates. - Reuters

Cisco will purchase $150 million of VMware Class A common shares currently held by EMC Corporation, VMware's parent company, subject to customary regulatory and other closing conditions including Hart-Scott-Rodino (HSR) review. Upon closing of the investment, Cisco will own approximately 1.6 percent of VMware's total outstanding common stock (less than one percent of the combined voting power of VMware's outstanding common stock). VMware has agreed to consider the appointment of a Cisco executive to VMware's board of directors at a future date.

Media Summary:

Reuters writes that Amgen (AMGN) turned in better than expected results as several key drugs did well.

Reuters reports that GAP (GPS) hired a new CEO.

Reuters reports that the president of Sony (SNE) said there would be no more price cuts for the PS3.

The Wall Street Journal writes that KKR may have to postpone its IPO due to trouble in the private equity markets.

The Wall Street Journal also reports that the European antitrust has sued Intel (INTC) for using illegal tactics to compete with AMD (AMD).

The Wall Street Journal writes that PC maker Lenovo is building plants to the it can more effective compete with HP (HPQ) and Dell (DELL) in India and the US.

The New York Times writes that Comcast's (CMCSA) profits rose 28%

The FT reports that Google (GOOG) will offer free services to Sprint (S) WiMax customers.

Barron's reports that a number of reserach analsysts believe that Apple's (AAPL) growth in Macs and iPods will continue.

M&A Activity:

Medical technology group Medtronic Inc. (MDT) said Friday that it's agreed to buy Kyphon Inc. (KYPH) for $3.9 billion, or $71 a share. The price represents a 32% premium to Kyphon's closing price of $53.68 on Thursday and a 35% premium to the 30-day average trading price. Kyphon develops medical devices to restore and preserve spinal function. Medtronic said the transaction -- which is due to close in the first quarter of 2008 -- is expected to be neutral to earnings in the first full year after the deal and provide a boost to the bottom line after that. The deal should accelerate the growth of Medtronic's existing spinal business and enable it to provide physicians with a broader range of therapies, the company said. Separately Kyphon reported second-quarter earnings of 23 cents-a-share, up from 21 cents-a-share a year earlier. - MarketWatch

IPO Central:

News:

KKR may have to postpone its IPO as flagging debt markets halt the private-equity boom. - WSJ

Pricing:

K12 Inc. on Friday filed to raise up to $172.5 million in an initial public offering with underwriters Morgan Stanleyand Credit Suisse. The Herndon, Va. provider of curriculum, software and educational services for educators plans to trade on the New York Stock Exchange under the symbol LRN. - MarketWatch

IPOs on schedule for week of 7/30/2007:

Amedica (AMCA). The company developing advanced silicon nitride ceramic orthopedic spine and joint implants. The company is selling 4.7M shares at the initial range between $13-$15. The company announced Revenues for the last 12 months of $0M and Net Income of $(-6)M. The Lead Manager is Morgan Stanley and Jefferies is Co. Manager. Amedica (AMCA) is headquartered in Salt Lake City, UT and their website is www.amedicacorp.com.

Concho Resources (CXO). The company is an Oil and natural gas company with operations in New Mexico and West Texas. The company is selling 21.2M shares at the initial range between $14-$16. The company announced Revenues for the last 12 months of $198M and Net Income of $20M. The Lead Managers are J.P. Morgan and Bank of America. Concho Resources (CXO) is headquartered in Midland, TX and their website is www.conchoresources.com.

Dolan Media (DM). The company publishes print and online media intended for professional customers and provides appellate and processing services to the legal profession. The company is selling 10.5M shares at the initial range between $13.50-$15.50. The company announced Revenues for the last 12 months of $198M and Net Income of $20M. The Lead Managers are Goldman Sachs and Merrill Lynch. Dolan Media (DM) is headquartered in Minneapolis, MN and their website is www.dolanmedia.com.

Genpact (G). The company is a global provider of high-quality business and technology services. The company is selling 35.3M shares at the initial range between $16-$18. The company announced Revenues for the last 12 months of $613M and Net Income of $40M. The Lead Managers are Morgan Stanley, Citi, and J.P. Morgan. Genpact (G) is headquartered in Hamilton, HMBermuda and their website is www.genpact.com.

Sucampo Pharmaceuticals (SCMP). The company is a developer of proprietary drugs based on prostones. The company is selling 3.8M shares at the initial range between $14-$16. The company announced Revenues for the last 12 months of $0M and Net Income of $0M. The Lead Manager is Cowen & Co. and CIBC is Co. Manager. Sucampo Pharmaceuticals (SCMP) is headquartered in Bethesda, MD and their website is www.sucampo.com.

Stock Split Announcement:

Manitowoc Company, Inc. (MTW) announced that its board of directors approved a 2 for 1 stock split.

Economic Data:

8:30 GDP

8:30 Chain-Deflator

10:00 Michigan Sentiment

   Upgrades and Downgrades by Sector:

Aerospace
 BOOM Dynamic Materials First Albany Price Target Raised Buy $43 to $47
 GR Goodrich UBS Price Target Raised Buy $68 to $73
 GR Goodrich Friedman Billings Price Target Raised Outperform $65 to $69
 ISSC Innovative Solutions Boenning & Scattergood Price Target Raised Market Outperform $29 to $28

Airlines - Passenger
 ALK Alaska Air JP Morgan Upgraded from Neutral to Overweight

Broadcasting
 HTV Hearst-Argyle TV Deutsche Securities Upgraded from Hold to Buy $26 to $24

Business Services
 CVG Convergys BMO Capital Markets Upgraded from Underperform to Market Perform
 BBSI Barrett Business Roth Capital Price Target Raised Buy $34 to $32
 CBZ CBIZ Inc Boenning & Scattergood Initiated at Market Outperform $10
 NCI Navigant Consult JMP Securities Downgraded from Mkt Outperform to Mkt Perform
 RVBD Riverbed Technology Robert W. Baird Upgraded from Underperform to Neutral $28 to $46
 RVBD Riverbed Technology Janco Partners Downgraded from Buy to Mkt Perform $45 to $50
 RVBD Riverbed Technology Piper Jaffray Downgraded from Outperform to Market Perform

Computer Hardware
 NTGR NETGEAR RBC Capital Mkts Price Target Raised Sector Perform $40 to $36
 RADS Radiant Systems Northland Securities Price Target Raised Outperform $15 to $16
 RSYS RadiSys Cantor Fitzgerald Price Target Raised Hold $15.50 to $11
 WDC Western Digital UBS Price Target Raised Buy $24 to $27
 WDC Western Digital Brean Murray Price Target Raised Buy $23 to $25
 XXIA Ixia RBC Capital Mkts Price Target Raised Sector Perform $10 to $9
 RSYS Cantor Fitzgerald Cut Price Target $11

Computer Services
 RNOW Rightnow Tech Jefferies & Co Upgraded from Hold to Buy $17 to $16
 CNET CNET RBC Capital Mkts Price Target Raised Sector Perform $10 to $9
 CNET CNET First Albany Downgraded from Buy to Neutral
 CNET CNET Citigroup Downgraded from Buy to Hold

Computer Software
 ARTG Art Technology Boenning & Scattergood Price Target Raised Market Outperform $3.50 to $4
 ARTG Art Technology Roth Capital Price Target Raised Hold $2.75 to $3
 MFE THNK Price Target Raised $42
 SPRT SupportSoft Cantor Fitzgerald Price Target Raised Buy $8 to $10
 VDSI VASCO Data Security Dougherty & Company Price Target Raised Buy $25 to $30
 VRSN VeriSign Stifel Nicolaus Price Target Raised Buy $33 to $38
 VRSN VeriSign Credit Suisse Price Target Raised Outperform $32 to $36

Computer Technology
 ISLN Isilon Systems RBC Capital Mkts Price Target Raised Outperform $18 to $12
 ISLN AG Edwards Downgraded to Hold

Construction
 ROCK Gibraltar Industries RBC Capital Mkts Price Target Raised Sector Perform $24 to $23

Finance Companies
 LULU Lululemon Athletica RBC Capital Mkts Initiated at Outperform $23

Gaming Operations
 PENN Penn Natl Gaming Jefferies & Co Upgraded from Hold to Buy $67

Healthcare
 POZN POZEN RBC Capital Mkts Price Target Raised Outperform $20 to $22
 PRX Par Pharmaceutical Friedman Billings Price Target Raised Mkt Perform $32 to $29
 PMTI Palomar Medical Lazard Capital Price Target Raised Buy $50 to $45
 BSMD BioSphere Medical Piper Jaffray Downgraded from Outperform to Market Perform
 CUTR Cutera Lazard Capital Downgraded from Buy to Hold
 DIO Diomed Roth Capital Downgraded from Buy to Hold $2 to $1
 WOOF VCA Antech Jefferies & Co Upgraded from Hold to Buy $43 to $44
 MATR Matria Healthcare BB&T Capital Mkts Downgraded from Buy to Hold
 ZMH Zimmer Hldgs First Albany Downgraded from Strong Buy to Buy
 VTIV inVentiv Health Jefferies & Co Upgraded from Hold to Buy $41 to $42

Homebuilders
 EME EMCOR Group Friedman Billings Price Target Raised Outperform $40 to $42.50

Industrial Equipment
 SNA Snap-On Matrix Research Upgraded from Hold to Buy
 GDI Gardner Denver Friedman Billings Price Target Raised Outperform $44 to $48
 GGG Graco Friedman Billings Price Target Raised Mkt Perform $43 to $44
 NANX Nanophase Tech First Albany Price Target Raised Buy $10 to $9

Insurance
 HIG Hartford Financial Friedman Billings Price Target Raised Mkt Perform $103 to $108
 TGIC Triad Guaranty Friedman Billings Price Target Raised Mkt Perform $50 to $40

Mfg - Footwear
 CROX Piper Jaffrey Price Target Raised $66

Mining - Minerals
 CNX CONSOL Energy RBC Capital Mkts Price Target Raised Outperform $46 to $50

Mining - Steel & Iron
 WOR Worthington CIBC Wrld Mkts Initiated at Sector Perform $24

Motor Vehicles
 ALV Autoliv Robert W. Baird Upgraded from Underperform to Neutral $57 to $60
 SPW SPX Corp Citigroup Upgraded from Hold to Buy
 SPAR Spartan Motors Dougherty & Company Price Target Raised Buy $28 to $20

Oil and Gas
 COG Cabot Oil & Gas Friedman Billings Upgraded from Mkt Perform to Outperform $40 to $42
 GRP Grant Prideco Calyon Securities Upgraded from Neutral to Buy $60 to $68
 CLB Core Labs RBC Capital Mkts Price Target Raised Sector Perform $99 to $112
 SII Smith Intl RBC Capital Mkts Price Target Raised Sector Perform $65 to $73
 TDW Tidewater RBC Capital Mkts Price Target Raised Sector Perform $71 to $82
 FTO Frontier Oil Friedman Billings Downgraded from Outperform to Mkt Perform $46

Pharmaceutical
 SCRX Sciele Pharma Roth Capital Price Target Raised Buy $29 to $30

Recreation
 BC Brunswick Rochdale Securities Upgraded from Sell to Hold

Regional Banks
 FITB Fifth Third Banc of America Sec Upgraded from Sell to Neutral
 NCC National City Stifel Nicolaus Upgraded from Sell to Hold
 CLFC Center Finl Friedman Billings Price Target Raised Mkt Perform $18 to $17
 COLB Columbia Banking RBC Capital Mkts Price Target Raised Sector Perform $35 to $29
 CPF CPB Inc RBC Capital Mkts Price Target Raised Sector Perform $39 to $34
 FED FirstFed Financial Friedman Billings Price Target Raised Outperform $80 to $60
 FMBI First Midwest Banc AG Edwards Price Target Raised Buy $41 to $38
 NCC National City RBC Capital Mkts Price Target Raised Underperform $30 to $28
 NCC National City Friedman Billings Price Target Raised Mkt Perform $36 to $34
 SIVB Silicon Vlly Banc RBC Capital Mkts Price Target Raised Outperform $57 to $60

REITs
 EGP EastGroup Friedman Billings Upgraded from Mkt Perform to Outperform $53
 NLY Annaly Mortgage Citigroup Upgraded from Hold to Buy
 BMR BioMed Realty Friedman Billings Price Target Raised Outperform $32 to $29.50
 CLP Colonial Properties Cantor Fitzgerald Price Target Raised Buy $55 to $45

Restaurants
 WEN Wendy's Wachovia Upgraded from Underperform to Mkt Perform
 DRI Darden Restaurants Matrix Research Downgraded from Buy to Hold
 LNY Landry's Seafood Oppenheimer Downgraded from Buy to Neutral

Retail Trade
 ABG Asbury Automotive Wachovia Upgraded from Mkt Perform to Outperform
 CSH Cash America Roth Capital Upgraded from Hold to Buy $43 to $44
 GPS Gap Inc Citigroup Upgraded from Hold to Buy
 JWN Nordstrom Citigroup Upgraded from Hold to Buy
 ODP Office Depot Credit Suisse Price Target Raised Outperform $41 to $35
 BONT Bon-Ton Stores First Albany Initiated at Neutral
 AN AutoNation Bear Stearns Downgraded from Outperform to Peer Perform

Savings & Loan
 BKUNA Bankunited Fin Stifel Nicolaus Upgraded from Hold to Buy $23
 BKUNA Bankunited Fin Friedman Billings Price Target Raised Outperform $32 to $26
 PFS Provident Finl Friedman Billings Price Target Raised Mkt Perform $18 to $15

Securites Exchange
 NYX NYSE Euronext Banc of America Sec Upgraded from Sell to Neutral

Semiconductors
 GNSS Genesis Microchip Roth Capital Upgraded from Sell to Hold $11
 TUNE Microtune Roth Capital Upgraded from Hold to Buy $5 to $6.50
 TUNE Microtune Merriman Curhan Ford Upgraded from Neutral to Buy
 CNXT Conexant Roth Capital Price Target Raised Sell $1.25 to $1
 GNSS Genesis Microchip RBC Capital Mkts Price Target Raised Outperform $12 to $13
 KLAC KLA-Tencor Friedman Billings Price Target Raised Outperform $65 to $70
 MCHP Microchip Credit Suisse Price Target Raised Neutral $42 to $38
 QLGC QLogic UBS Price Target Raised Neutral $20 to $18
 QLGC QLogic RBC Capital Mkts Price Target Raised Sector Perform $20 to $15
 QLGC QLogic Friedman Billings Price Target Raised Mkt Perform $17.50 to $14.50
 VSEA AG Edwards Price Target Raised most compelling issue in the sector $55
 VSEA Varian Semi Stifel Nicolaus Price Target Raised Buy $50 to $54
 QLGC Merrill Lynch Downgraded to Sell
 MRVL Marvell Matrix Research Downgraded from Hold to Strong Sell

Telecommunications
 FDRY CEUT Upgraded to Buy $20.00
 EQ Embarq RBC Capital Mkts Upgraded from Sector Perform to Outperform $60 to $67
 RTN Raytheon Friedman Billings Upgraded from Mkt Perform to Outperform $61 to $63
 ALSK Alaska Comms RBC Capital Mkts Price Target Raised Sector Perform $15 to $16
 FDRY Foundry Ntwks Kaufman Bros Price Target Raised Buy $19.50 to $20
 SONS Sonus Networks Credit Suisse Price Target Raised Outperform $11 to $9
 SONS Sonus Networks Friedman Billings Price Target Raised Mkt Perform $9.50 to $8
 SWIR Piper Jaffrey Downgraded to Market Perform
 BCE BCE Inc Citigroup Downgraded from Buy to Hold

Transportation
 ODFL Old Dominion Credit Suisse Upgraded from Neutral to Outperform $34
 UACL Universal Truckload Services Stifel Nicolaus Upgraded from Hold to Buy $24
 KEX Kirby Corp Cantor Fitzgerald Price Target Raised Buy $46 to $51

Utilities
 RRI Reliant Energy CIBC Wrld Mkts Upgraded from Sector Underperform to Sector Perform $17 to $28