Author: FX_Trdr

Cleco (CNL) was upgraded by Goldman Sachs (GS) to buy as the company has been experiencing above average growth. Shares are higher by about 1.9 percent.

Access Midstream (ACMP) was downgraded by UBS (UBS) from buy to neutral with a price target of $37, as the firm believes the stock price to be fully valued at current levels. Shares are lower by nearly 2.5 percent.

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys.

Duke Energy (DUK) was upgraded by JP Morgan (JPM) to overweight from underweight with a price target of $71 due to an above-average dividend, and a favorable regulatory environment. Shares are lower by about three quarters of a percent.

Exelon Corporation (EXC) maintained its quarterly dividend of 52.5 cents per share. The dividend is payable on December 10, 2012, to shareholders of record of on November 15, 2012.

President Obama used his closing argument in Monday’s debate to say that Mitt Romney’s foreign policy would be wrong and reckless. Romney said he would provide better leadership than the President.

SunTrust Banks (STI) announced that profit for the third quarter soared, mainly due to its sales of Coca-Cola (KO) shares. The company reported a profit of $1.1 billion, or $1.98 per share, up from a profit of $211 million, or 39 cents per share, in the same period last year.

Peabody Energy Corporation (BTU) announced that it earned 51 cents per share during the third quarter, beating estimates fo 34 cents. Earnings, were lower than last year’s 90 cents per share, due to higher interest, amortization, depreciation, and depletion expenses.

The Daily Ticker’s Aaron Task interviews Bloomberg Markets Reporter Stephanie Armour

Shares are slipping again today following more mixed corporate earnings and uncertainty ahead of the presidential election. At 2 pm, the Dow was down .68%, the S&P was down .56% and the Nasdaq was fractionally lower by .13%.