At 11:30 markets are mixed...

Stocks seem very indecisive here as trtaders try to guess the direction of the next move.

Dow +76
Nas +1
S&P +6 to 1234

Just waiting for the next shoe to drop.

at 10:30 am....

Stocks are giving back earlier gains...and it is starting to look like traders are turning bearish...

Dow +36
Nas -14
S&P +1

Not good, considering the open we had...

Today's Upgrades and Downgrades..

These are some of Thursday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls.

Advance Auto Parts. Inc. (NYSE: AAP) cut to Neutral at Credit Suisse.

Amazon.com Inc. (NASDAQ: AMZN) added to Strong Sell List at Zacks.

Anheuser-Busch InBev (NYSE: BUD) Cut to Neutral at UBS.

Carbonite, Inc. (NASDAQ: CARB) Reiterated Buy with $16 target at Canaccord Genuity.

Cisco Systems Inc. (NASDAQ: CSCO) Raised to Buy at Deutsche Bank; Raised to Buy at Citigroup; Target raised to $26 from $25 at Credit Suisse.

Computer Sciences Corporation (NYSE: CSC) Cut to Underweight at JPMorgan.

Dean Foods Company (NYSE: DF) Cut to Sell at S&P Capital IQ (late-Wednesday); Maintained Buy at Bof A/ML.

Enterprise Products Partners (NYSE: EPD) named Bull of the Day at Zacks.

Hospira, Inc. (NYSE: HSP) named Bear of the Day at Zacks.

Kraft Foods Inc. (NYSE: KFT) Reiterated Buy with $40 target at Argus.

Logitech International SA (NASDAQ: LOGI) Raised to Hold at S&P Capital IQ (late-Wednesday).

Nokia Corporation (NYSE: NOK) maintained Hold with $7.50 target at Canaccord Genuity.

PG&E Corporation (NYSE: PCG) cut to Neutral at Credit Suisse.

SandRidge Energy, Inc. (NYSE: SD) Cut to Neutral at Goldman Sachs.

Spreadtrum Communications Inc. (NASDAQ: SPRD) Reiterated Buy and raised estimates at Canaccord Genuity.

SurModics Inc. (NASDAQ: SRDX) named as Aggressive Growth at Zacks.

Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) Raised to Equal-Weight at Morgan Stanley.

Green Mountain gets slammed...

Green Mountain Coffee Roasters Inc. (GMCR). The company’s weak quarterly revenue raised fears about the company's growth potential, as sales of its Keurig coffee makers did not rise as much as Wall Street had expected. Fourth-quarter net income was $75.4 million, or 47 cents a share, compared with $27 million, or 20 cents a share, a year earlier. It estimated an adjusted profit of 35-40 cents a share in the first- quarter.


GMCR is down 20 points premarket to $47.  The stock was as high as $115 on September 20.

Cisco beats estimates...

Cisco Systems Inc. (CSCO). The networking equipment maker forecast revenue and earnings above Wall Street expectations as demand from government and enterprises for its network equipment remained resilient despite global economic troubles. It reported adjusted earnings of 43 cents per share for the fiscal first-quarter on revenue of $11.3 billion. It projected a 7 to 8 percent rise in fiscal second-quarter sales, translating to $11.13 billion to $11.2 billion in revenue.

Wednesday's recap...

The Nasdaq plunged 3.9% Wednesday while the NYSE composite slid 4.1%. It was the fifth time in seven sessions so far this month that the Nasdaq has moved up or down at least 1%.The S&P 500 slumped 3.7% and the Russell 2000 caved 4.8%.

Volume grew across the board Wednesday, smearing the Nasdaq with a fifth distribution day and the NYSE with its fourth within the past four weeks. That signals a substantial amount of institutional selling, which can wreck a market rally.

For that reason, the market outlook returns to an uptrend under pressure. In such volatile conditions, it's simply harder to make big money in stocks.

Wednesday's broad market plunge in heavier volume reflected the manic-depressive state of investors. This time they reacted to somber headlines on a European debt and budget saga that has already consumed Portugal, Ireland and Greece, and is now threatening Italy. The No. 3 economy in the EU is struggling to pacify investors as its sovereign debt yields soared past 7%.

The final numbers:

Dow -387
Nas -105
S&P -46 to 1229

Here is the intraday chart: