European shares are up and down, fighting worries surrounding the Eurozone, with most indexes
currently within .25% of where they began. The FTSEurofirst 300 is currently down .05% after being
up as much as 3.98%, being drug down by auto stocks. In the UK May budget deficits Jumped to 17.9B
Pounds from 15.2B a year ago.

Amazon will be launching its second generation of the Kindle fire July 31, this new version will have a
camera among other new features.

Morgan Stanley’s shares are hit in pre-trade, down 2%, after being downgraded to neutral from buy by
Goldman Sachs, while upgrading JPMorgan to that buy spot increasing their shares 1.6%.

Anheuser-Busch is a company to keep an eye on as they try to acquire Corona maker Grupo Modelo.
Corona is the 5th largest selling beer in the world and would increase Anheuser-Busch’s share of the US
beer market to 52%.

Commodities are looking up today, for once they agree gold, silver, natural gas, and crude are all in the
green.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market.
Comments can be directed to ryghcw19@uww.edu

Alexza Pharmaceuticals Inc. is a pharmaceutical company that specializes in research and development of drugs that treat central nervous system conditions. One of Alexza’s most well known products is Stoccato nicotine, a vaporized drug that helps smokers by catering to the chemical and behavioral components of quitting. They are also in the process of developing a painkiller that would help cancer patients and patients with acute pain episodes.

Alexza can expect to hear the results of their marketing application from the FDA within a couple of weeks. Their marketing application was delayed after the FDA cited issues with its Mountain View, California manufacturing facility.

David Cornes holds a degree in economics from the University of Montana.

Anheuser-Busch InBev NV (BUD) is in the process of acquiring Grupo Modelo (GPMCY), most famous for brewing Corona beer, for a deal valued at more than $12 billion. BUD’s shares rose almost 1% this morning and GPMCY rose over 12%.

Across the Pacific, Sony Corp. (6758.TO) and Panasonic Corp (6752.TO) made an agreement to develope a new organic light-emitting large screen TV. Sony was down about 2.5% and Panasonic was up just over .5%.

In the drug industry, Bristol-Myers Squibb Co. (BMY) and Pfizer (PFE) fell almost 4% and 1.3% respectively after the FDA requesting more information about their drug Eliquis.

Oil companies were taking losses across the board this morning as crude continued to fall and Brent crude fell below the significant $90 level. Exxon Mobil Corp (XOM) was down over 2.25%, Chevron (CVX) was down almost 2% and BP PLC (BP) was down 2.22%. WTI crude futures were down $1.37 (-1.72%) and trading at $78.39.

Gold futures rose $8.80 to 1575.70 and Euro futures fell .6% to $1.2497. Natural gas futures rose 6.70 cents (2.55%) to $2.6920.

After a midday rally in the green the Hang Seng slid to finish .5% in the red. China Coal Energy was the
index’s biggest loser at 2.79% down.

European shares start with a thud down 1.2% to a one week low. The banking, automotive,
construction & technology sectors were all down 1.1-1.4%. It seems everyone has given up hope on the
European Summit before it even begins. Individual stocks that took a beating today were Shire, after US
regulators ruled against the company’s generic copy of Adderall XR, and Nokia, down 7% after analysts
said its partner, Microsoft, may turn into a rival selling its own smartphones.

Netflix is up this morning in pre-trade after being upgraded to neutral from sell and its current price,
$67, being rated as fair value.

Amazon has struck a deal to supply LoveFilm, its streaming service, with content from News Corp’s 20 th
century fox movie and TV library.

Commodities are starting the week mixed, with silver down and crude continuing its slide, and gold and
natural gas looking upward.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market.
Comments can be directed to ryghcw19@uww.edu

Late Thursday, Moody’s cited significant exposure to volatility and risk of large losses from capital markets activities in its ratings cuts.Despite the downgrade, analysts took a positive view on the market, sighting that the downgrades on the whole were slightly less negative than many had feared.

In Europe, markets were mostly lower, with the Stoxx Europe 600 down -0.7%, as more downbeat economic data weighed on sentiment.

In corporate news, Ryder System slid; leading the S&P 500 lower, after the truck-rental company lowered its second-quarter and full-year earnings outlooks, citing lower-than-expected demand for commercial rental products. This could be a major indicator as the trucking provider slows; a possible sign of slowing manufacture.

Facebook rose, extending its more-than-20% rally from its early-June lows, which followed concerns about the social network’s valuation and botched initial public offering.

Thomas Doherty is an undergraduate at Villanova University majoring in Finance and Economics. Thomas@KeeneOnTheMarket.com

U.S. stocks have been all over the place this morning with a net gain. S&P 500 futures were up 5.25 points (.4%) at 1323.50, NASDAQ futures gained 11 points (.43%) to 2562.75, and Dow Jones Industrial Average futures were up 59 points (.47%) to 12561.00.

WTI crude futures bounced $1.14 to $79.34 after yesterday’s decline. Gold futures fell $2.90 to $1562.60.

Sony Corp. (SNE) was up 5.68% after rumors that they may invest in Olympus, another Japanese tech company.

Bank of America Corp. (BAC) was down 4% after yesterday’s downgrade and was trading up .45% this morning, peaking up 1.3% in pre-market trading.

Ryder (R) was down over 12.5% after the transportation logistics company reduced its quarterly and full-year earnings expectations based on low demand. Ryder’s 2012 earnings expectations are between $3.65 and $3.85 a share.

Revenues for Q2 2012 were $3.5 billion, compared with last year’s Q2 revenue of $3.6 billion, a strong number considering CCL’s Costa Concordia disaster that occurred over the winter. The stock’s 52-week low is $28.52 and the high is $38.83. Over the past quarter the shares have gained 9.40% of their value.

Yesterday, CCL had high options trading volume, breaking a 3-month options volume record of 9,131 call, and 22,833 put contracts traded. Usually high options volume like this is a sign that the underlying stock will move.