Fly on the Wall Market Snapshot: March 04, 2010

Good Morning. It's Thursday, March 4, 2010. At this hour, US equity futures are down. Overseas, the Asian markets were mixed, while the European markets are lower. Today's UPGRADES include: Disney (DIS) upgraded to Buy from Neutral at BofA/Merrill...FedEx (FDX) upgraded to Outperform from Market Perform at Morgan Keegan...Coca-Cola (KO) upgraded to Buy from Neutral at UBS...Boeing (BA) upgraded to Neutral from Sell at UBS. DOWNGRADES: Convergys (CVG) downgraded to Sell from Hold at Kaufman Bros...Medivation (MDVN) downgraded to Neutral from Overweight at JP Morgan...Celera (CRA) downgraded to Market Perform from Outperform at JMP Securities Hot News: General Growth Properties (GGWPQ) was granted an extension to file a plan of reorganization...Cablevision (CVC) updated is statement on ABC Disney, saying quote(DIS): "We believe Senator Kerry is correct and ABC Disney should not pull the plug and should work with us in good faith to reach an agreement that is fair for Cablevision customers....Patriot Coal (PCX) has reported that its federal no. 2 mine near Fairview, WV has resumed operation...Sanofi-Aventis (SNY) announced results from a Phase 3 trial which demonstrated cabazitaxel plus prednisone/prednisolone significantly improved overall survival and progression-free survival in patients with metastatic hormone-refractory prostate cancer whose disease progressed following treatment with docetaxel-based chemotherapy.

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