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Closing Bell: The Return of Some Normalcy ... (AYE, FE, JASO, ALU, BSX, ATVI, ERTS)

Today was a snow-recovery day where most were at work, but many businesses in the Atlantic Seaboard are still partially staffed. The weekly jobless claims managed to come down significantly, and it appears as though the appetite for risk is coming back as the Greece and other "PIIGS" issues may be closer to resolving, or are not as dire as many fear.

Here were today's unofficial closing bell levels:

Dow 10,144.19 +105.81 (1.05%)
S&P 500 1,078.47 +10.34 (0.97%)
Nasdaq 2,177.41 +29.54 (1.38%)

Top Day Trader Alerts
Top Analyst Upgrades/Downgrades

Continue reading Closing Bell: The Return of Some Normalcy ... (AYE, FE, JASO, ALU, BSX, ATVI, ERTS)

Look for Allegheny Energy to make the slow walk north

Rare is the day that one should sell an electric power generation play. And the reasons are compelling:

Electricity via wind, solar, and nuclear generation is likely to play a larger role in energy as climate change reduction, then elimination, becomes a societal goal. Electricity also remains a potential propulsion source for cars, given that oil has apparently resumed its climb to uncomfortable levels.

Hence, I'm Reiterating my Buy rating for electric utility Allegheny Energy, Inc. (NYSE: AYE), first recommended on May 30, 2009 at a price of $25.00.

Continue reading Look for Allegheny Energy to make the slow walk north

Analyst upgrades, downgrades and initiations: LEN, RDC, FFIN, SII, AN, ACHN, UA, LULU, JST

Analyst upgrades:
  • Citigroup upgraded Lennar (NYSE: LEN) to Buy from Hold as it believes the company's near-term liquidity profile is improved following the $400M debt issuance. The firm raised its target price to $12 from $11.
  • Jefferies upgraded Rowan Companies (NYSE: RDC) to Buy from Hold as it believes jack-up drillers will continue to outperform deepwater names. The firm raised its target price to $27 from $20.
  • Keefe Bruyette upgraded First Financial (NASDAQ: FFIN) to Market Perform from Underperform to reflect more positive loan data for the Texas banks. The firm raised its target price on shares to $44 from $38.
  • MGM Mirage (NYSE: MGM) was upgraded to Overweight from Neutral at JP Morgan.
  • Morgan Stanley (NYSE: MS) was upgraded to Outperform from Market Perform at JMP Securities.
  • Brinker (NYSE: EAT) was upgraded to Overweight from Equal Weight at Barclays.

Continue reading Analyst upgrades, downgrades and initiations: LEN, RDC, FFIN, SII, AN, ACHN, UA, LULU, JST

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 12, 2012: 12:51 PM

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