FeedPosted Apr 29th 2010 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Hewlett-Packard (HPQ), Barrick Gold (ABX), Palm Inc (PALM), Analyst Initiations, Akamai Technologies (AKAM)
Analyst Upgrades
- Kaufman Bros. upgraded Palm (PALM) to hold from sell after the company was acquired by Hewlett-Packard (HPQ).
- Citigroup upgraded Akamai (AKAM) to buy from hold following the company's better-than-expected Q1 results. The firm raised its target for shares to $44 from $32.
- Deutsche Bank upgraded Rockwell Automation (ROK) to hold from sell following the company's Q2 results and guidance. The firm raised its target for shares to $60 from $49.
- First Solar (FSLR) was upgraded to buy from hold at Deutsche Bank and to hold from sell at Soleil.
- Beckman Coulter (BEC) was upgraded to overweight from neutral at Piper Jaffray.
- Barrick Gold (ABX) was upgraded to buy from hold at Jefferies.
Continue reading Analyst Calls: AKAM, AKS, BIN, BTN, DTG, EFX, FSLR, PALM, PLCE, ROK ...
Posted Apr 29th 2010 8:35AM by Melly Alazraki (RSS feed)
Filed under: Before the Bell, International Markets, Hewlett-Packard (HPQ), Motorola (MOT), Exxon Mobil (XOM), Market Matters, Procter and Gamble (PG), Palm Inc (PALM), Economic Data
U.S. stock futures were higher Thursday as investors continue to sift through a wave of earnings and digest the HP-Palm deal. With the Federal Reserve easing concerns, and worries about the debt problems in Europe somewhat abated, stocks could add to Wednesday's gains.
Overseas, while Asian markets continued to fall, European stock markets rose modestly Thursday as investors hoped for a quicker bailout for Greece and its mounting debt problem. Assurances from the Fed about the U.S. economy helped boost sentiment as did strong earnings from several European companies. Meanwhile,
European confidence rose to a level exceeding economists' expectations and unemployment in Germany fell.
Continue reading Before the Bell: Futures Higher on Earnings, Fed
Posted Apr 19th 2010 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Colgate-Palmolive (CL), Corning Inc (GLW), Palm Inc (PALM), Analyst Initiations, Teva Pharm Indus ADR (TEVA), Blackstone Group L.P (BX)
Analyst Upgrades
- JPMorgan upgraded T. Rowe Price (TROW) to overweight from neutral while downgrading Janus Capital (JNS) to underweight from neutral to reflect valuations and fundamentals. The firm has a $67 price target for T. Rowe Price shares.
- Piper Jaffray upgraded Lincoln Electric (LECO) to overweight from neutral as it believes the rebound in global manufacturing is accelerating. The firm has a $70 price target on the stock.
- Wells Fargo upgraded Highwoods Properties (HIW) to market perform from underperform, citing valuation and a strong balance sheet.
- Corning (GLW) was upgraded to outperform from sector perform at RBC Capital.
- Allergan (AGN) was upgraded to conviction buy from neutral at Goldman.
- Mohawk (MHK) was upgraded to buy from neutral at SunTrust.
Continue reading Analyst Calls: ARG, BX, CL, GLW, LECO, PALM, TEVA, TROW ...
Posted Apr 13th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Intel (INTC), JPMorgan Chase (JPM), ConocoPhillips (COP), Alcatel-LucentADS (ALU), Palm Inc (PALM)
This was one of those market days that you could try to blame on earnings season starting out, but it may be nothing more than valuations catching up to stocks at DJIA 11,000 and after the huge stock gains in 2009 and 2010. Investors and traders alike are still using DJIA 11,000 as the battleground. Today's Treasury Budget Deficit came out at -$65.4 billion versus $62 billion expected.
Here were today's unofficial closing bell levels:
Dow 11,019.50 +13.53 (0.12%)
S&P 500 1,197.27 +0.79 (0.07%)
Nasdaq 2,465.99 +8.12 (0.33%)
Continue reading Closing Bell: DJIA 11,000 Yo-Yo (AA, COP, PALM, MIPI, INTC, JPM)
Posted Apr 13th 2010 12:30PM by Elizabeth Harrow (RSS feed)
Filed under: Palm Inc (PALM), Options
There's been a lot of chatter lately about a potential buyout for Palm Inc. (PALM), with various reports pointing to HTC and Lenovo as possible suitors for the parent of the Pre and Pixi smartphones. However, one long-term option trader on Monday placed a confident bet against a white-knight bid for PALM by opening a sizable, out-of-the-money put position on the equity.
Around midday Monday, a block of 6,500 contracts slipped across the tape on PALM's January 2011 2.50 put, which is currently out of the money by about three points. These puts changed hands at the ask price of $0.25, suggesting they were purchased.
Continue reading Options Bear Places Massive Bet Against Palm
Posted Apr 12th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Alcoa Inc (AA), Amer Intl Group (AIG), Palm Inc (PALM)
Today was a day that opened up and stayed up all day. The DJIA 11,000 was a floor throughout the trading session, yet it was questionable whether that would remain so at the end of the trading day, when it became a bumper car game around the DJIA 11,000 level. The unofficial closing bell level appears to have held the 11,000 mark. Main Street and Wall Street are still awaiting the direction to come from earnings season which starts today.
Here were today's unofficial closing bell levels:
Dow 11,005.97 +8.62 (0.08%)
Nasdaq 2,457.87 +3.82 (0.16%)
S&P 500 1,196.48 +2.11 (0.18%)
Top Analyst Calls
Top Day Trader Alerts
Continue reading Closing Bell: DJIA 11,000 Becomes Battleground (PALM, CPKI, AA, NBG, PLND, AIG)
Posted Apr 12th 2010 9:20AM by Mark Fightmaster (RSS feed)
Filed under: Rumors, Apple Inc (AAPL), Research in Motion (RIMM), Palm Inc (PALM)
Palm (
PALM) shares are up over 8% in premarket trading after Bloomberg reported the struggling smartphone maker has hired investment bankers Goldman Sachs and Qatalyst Partners to take
bids for the company, according to "people familiar with the situation."
Palm faces an over-saturated market thanks to Apple (
AAPL) and Research in Motion (
RIMM). It has lost market share hand over fist to its two more-successful rivals. Fundamentally, the company may not offer inferior products to its two rivals, but Palm's latest smartphone is widely considered a flop compared to RIMM's and Apple's offerings. I am not saying that Palm's products are worse than Apple's and RIMM's, but perception can become reality, especially on Palm's bottom line.
Continue reading Palm Looking for Buyer
Posted Apr 12th 2010 8:30AM by Melly Alazraki (RSS feed)
Filed under: Before the Bell, International Markets, Market Matters, Halliburton (HAL), Alcoa Inc (AA), Palm Inc (PALM), Economic Data
U.S. stock futures advanced slightly Monday morning reacting to a finally approved aid package to debt-stricken Greece, several deal news and rumors and as investors geared up for the the unofficial kick off of first quarter earnings season.
On Sunday, the finance ministers of the 16 eurozone nations agreed on a
massive aid package for the heavily indebted Greece, making euro30 billion ($40 billion) in loans available to Greece this year if it requests for the money, while the International Monetary Fund would contribute about another euro10 billion. Greece's borrowing costs immediately dipped Monday. In return, Greece has promised it will get a handle on its debt by instigating deep budget cuts so it can reduce its budget deficit. European shares were generally higher.
Continue reading Before the Bell: Futures Slightly Higher Ahead of Earnings Season
Posted Apr 9th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Wal-Mart (WMT), US Airways Group (LCC), Palm Inc (PALM)
The DJIA managed to finally get back over that ever-elusive DJIA 11,000 mark in the last ten minutes of the trading day today. Shares managed to stay firm most of the day after Greece was given a reprieve by the ECB's Trichet, who offered some reassuring comments. Earnings season is about to gear up with
many key players reporting next week.
Here were today's unofficial closing bell levels:
Dow 10,997.35 +70.28 (0.64%)
Nasdaq 2,454.05 +17.24 (0.71%)
S&P 500 1,194.37 +7.94 (0.67%)
Top Analyst Calls
Top Trader AlertsContinue reading Closing Bell: The DJIA Passed 11,000 Once Again! (NBG, PALM, CELG, WMT, MEE, LCC)
Posted Apr 7th 2010 4:15PM by Jon Ogg (RSS feed)
Filed under: Apple Inc (AAPL), Newmont Mining (NEM), Palm Inc (PALM)
Today was one of those days that started directionless and ended up less bad than it looked toward the end. Mortgage applications were down and the earnings picture was mixed. Alan Greenspan dodged the heat that he was responsible for the crash after the bubble in testimony today, although there is still much debate on that. Gold came almost to a 2010 high measured by the key ETF, and the 10-Year Treasury auction went better than many expected.
Here were today's unofficial closing bell levels:
Dow 10,897.52 -72.47 (-0.66%)
S&P 500 1,182.44 -6.99 (-0.59%)
Nasdaq 2,431.16 -5.65 (-0.23%)
Continue reading Closing Bell: Profit Taking Meets Colliding Metrics (SQNM, MON, PALM, NEM, AAPL)
Posted Mar 26th 2010 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Best Buy (BBY), Research in Motion (RIMM), QUALCOMM Inc (QCOM), Palm Inc (PALM), Analyst Initiations, Unilever ADR (UL)
Analyst Upgrades
- Leerink upgraded Genzyme (GENZ) to outperform from market perform due to valuation as it believes the sell-off on news of the consent decree is overdone.
- FBR Capital upgraded Progressive (PGR) to outperform from market perform to reflect an improving outlook. The firm raised its target price for shares to $23 from $18.
- Janney Montgomery upgraded Cheesecake Factory (CAKE) two notches to buy from sell, citing improving casual-dining sales trends. The firm has a $30 price target for shares.
- Research in Motion (RIMM) was raised to overweight from neutral at JPMorgan.
- Tata Motors (TTM) was upgraded to buy from hold at Deutsche Bank.
- Palm (PALM) was upgraded to market perform from underperform at BMO Capital.
Continue reading Analyst Calls: BBY, CAKE, GENZ, PALM, PGR, QCOM, RIMM, STX, TTM ...
Posted Mar 22nd 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Citigroup Inc. (C), Amer Intl Group (AIG), Novell Inc (NOVL), Palm Inc (PALM)
Today's markets started out weak as overseas markets were weak ahead of our open. There was no economic news to digest and the U.S. Health Care Reform bill passage by the House of Representatives took some blame, but the health care stocks themselves showed that this was not generally the case. Maybe that is arguable, maybe it is just politics. As it turns out, the losses rapidly turned into gains and stocks were suddenly up most of the day. There were also very few earnings to digest.
Here were today's unofficial closing bell levels:
Dow 10,797.00 +55.02 (0.51%)
S&P 500 1,165.81 +5.91 (0.51%)
Nasdaq 2,395.40 +20.99 (0.88%)
Top Analyst Calls
BioHealth Business DailyContinue reading Closing Bell: Health Care Doesn't Kill the Bulls (C, SOMX, NOVL, PALM, T, AIG, NBG)
Posted Mar 20th 2010 1:00PM by Michael Shulman (RSS feed)
Filed under: Palm Inc (PALM), Stocks to Sell
Would anyone care if Palm (PALM) went away -- other than its employees and shareholders?
This company is seeing sales decline, and its new best hope, the Pre, is competing against the iPhone, BlackBerry and Droid.
That means a company with little cash and a market cap under a billion dollars is fighting, with an inferior and overpriced product, against the combined strength of Apple (AAPL), Research In Motion (RIMM) and Google (GOOG). End of discussion.
At the time of this writing, the author did not own shares of PALM.
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