Analyst Moves: DEI, AEP

Douglas Emmett (DEI) was upgraded today at Bank of America/Merrill Lynch (BAC) from neutral to buy with a price target of $26 due to an improved view of the market. Shares are higher by over one percent.

Tuesday 7/3 Insider Buying Report: WSM, GCO

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

Analyst Moves: KKR, STI

KKR & Company (KKR) was upgraded by Oppenheimer (OPY) from perform to outperform with a price target of $18, as the company has made substantial progress in investment monetization. Shares are higher by about 2.6 percent.

Daily Market Wrap: July 2, 2012

Signs of weakness from the manufacturing sector prompted the markets to add to their losses this morning but turned mixed later in the day. The US ISM manufacturing index fell unexpectedly to 49.7 in June, while economists were expecting a reading of 52.0.