InvestMacro FX

This twentieth trading week of 2012 comes to a close with investors assessing the deteriorating situation in Greece and closely monitoring the IPO of Facebook (FB). Hi.

Canadian Pacific (CP) was upgraded today by Citigroup (C) from neutral to buy with a price target of $90, as the end of the proxy battle should mark a turnaround at the company. Shares are lower by about 2.4 percent.

In trading on Friday, precious metals shares were relative leaders, up on the day by about 3.1%. Leading the group were shares of Golden Minerals (AUMN), up about 14.4% and shares of Lake Shore Gold (LSG) up about 9% on the day.

Foot Locker (FL) announced that it earned $128 million, or 83 cents per share, up from $94 million, or 60 cents per share, in the same period last year. Revenue increased by 8.7 percent to $1.58 billion from $1.45 billion.

It keeps getting worse for JP Morgan Chase. The big bank is currently down over 3% in early trading on news their trading loss might increase.According to the New York Times, the originally reported $2 billion trading loss has surged by at least $1 billion. JP Morgan CEO Jamie Dimon said that the $2 billion in losses announced last week could double within the next few quarters depending to day-to-day market fluctuations.The overall health of the bank is currently strong, even with the additional losses. However, shareholders are worried that JP Morgan will cut its annual dividend to make up for losses. As of right now, the bank says there is no plan to do that. However, bank analysts are saying that if losses continue to rise the bank might not have a choice.

Dollar Tree (NASDAQ:DLTR) reported positive earnings this morning. Posting an Q1 EPS of $1, topping estimates of $0.97. The company reported revenues of $1.72 billion, also above estimates of $1.69 billion. However, Dollar Tree’s outlook for the next quarter and beyond is not as spectacular. The company sees Q2 EPS 87c-93c vs. estimates of 95c, and Q2 revenues of $1.66 billion – $1.7 billion, vs. estimates of $1.7 billion.It also sees Q2 comps up in the low to mid single-digit range. Dollar Tree forecasts FY 2013 EPS of $4.74- $4.94, vs. its prior guidance of $4.65-$4.90 given on February 22nd, and estimates of $4.93. Investors are not happy with the lowered guidance. Dollar Tree is down 4% to $97.17.

This is what’s in the news for Thursday May 17, 2012. The Wall Street Journal reports following the losses at J.P. Morgan Chase (NYSE:JPM), the White House is seeking to ensure a tough interpretation of a regulation designed to prevent banks from making bets with their own money. The Wall Street Journal also reports Verizon Wireless (NYSE:VZ) will move to end unlimited data plans, and will no longer allow customers to keep those plans when they upgrade to its 4G LTE high-speed mobile network. Reuters reports investors who want Facebook (FB) shares may have lost the opportunity as several firms including TD Ameritrade (NYSE:AMTD), Fidelity’s brokerage arm, Morgan Stanley (NYSE:MS), E*Trade Financial (NASDAQ:ETFC) and Wells Fargo (NYSE:WFC) Advisors stopped accepting orders Tuesday evening. Reuters also reports Sprint Nextel (NYSE:S) thinks U.S. regulators are open to major telecom deals despite opposition to the AT&T (NYSE:T) deal, but Sprint will try to avoid doing a large deal until 2014, says CEO Dan Hesse. Finally, Bloomberg also reports gold demand in China may jump about 30% this year as rising incomes increase consumption, helping the country pass India as the world’s largest bullion market on an annual basis, according to the World Gold Council.

Acadia Healthcare (NASDAQ:ACHC) was upgraded from Hold to Buy at Deutsche Bank today. The stock closed yesterday at $16.51 on volume of 3.4 million shares, above average daily volume of 75,000.Acadia Healthcare share prices have moved between a 52-week high of $18.00 and a 52-week low of $14.40 and closed yesterday at 15% above that low price at $16.51 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant. Acadia Healthcare has overhead space with shares priced $16.51, or 8.3% below the average consensus analyst price target of $18.00. The stock should find initial support at its 50-day moving average (MA) of $15.95 and further support at its 200-day MA of $15.95.SmarTrend is monitoring the recent change of momentum in Acadia Healthcare. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Acadia Healthcare in search of a potential trend change.

Chico’s (CHS) today had its estimates raised by Oppenheimer (OPY) as the firm expects recent positive trends to continue and have a positive impact on earnings. A perform rating was issued.

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.