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FeedPosted Sep 11th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: Market matters, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says those going overboard on the negative are finding their theories don't work. It's time to talk about what did and what didn't happen when people came back from summer vacation.
First, what didn't happen. We didn't get a lot of selling by firms that were up a lot. We didn't get a September lock-in of gains -- too many funds behind the market, I imagine, too many funds where it would be too costly to get out. They didn't go away in September like they were supposed to.
Second, we didn't get the preannouncements that should have happened if the economy was already starting to wind down and nobody was buying anything. Housing didn't slow down after a California tax credit went away.
Continue reading Cramer on BloggingStocks: I'm a believer
Posted Oct 24th 2008 10:20AM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Gap Inc (GPS), Analyst initiations, Barclays plc ADS (BCS)
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Analyst upgrades:
- Keefe Bruyette upgraded shares of Colonial Bancgroup (NYSE: CNB) to Outperform from Market Perform on valuation following the recent weakness and believes the company will be eligible to receive TARP funds. Morgan Stanley believes the company's valuation adequately reflects risk to the loan portfolio; the firm raised shares to Equal Weight from Underweight.
- Merrill upgraded Ericsson (NASDAQ: ERIC) and ASML Holding (NASDAQ: ASML) to Buy from Underperform and believes their valuation reflects the worst-case for bad news.
- Oppenheimer upgraded Trimble Navigation to Outperform from Perform on valuation as they believe the company's long-term growth story is intact.
- Celestica (NYSE: CLS) was upgraded to Sector Outperformer from Sector Performer at CIBC.
- KeyCorp (NYSE: KEY) was added to Goldman's Conviction Buy List.
- Wachovia raised EastGroup Properties (NYSE: EGP) to Outperform from Market Perform.
Analyst downgrades:
- UBS cut Barclays (NYSE: BCS) to Neutral from Buy as they believe capital raises could negatively impact earnings and that the dividend is likely to be cut.
- JP Morgan downgraded Discovery Holdings (NASDAQ: DISCA) to Underweight from Neutral based on valuation and the deteriorating economic outlook.
- Friedman Billings downgraded shares of Janus Capital (NYSE: JNS) to Underperform from Market Perform and lowered its target to $7 from $23 as they see further risk to the downside following the company's weaker-than-expected results.
- LKQ Corp (NASDAQ: LKQX) was cut to Sector Perform from Outperform at RBC Capital.
- Affymetrix (NASDAQ: AFFX) was lowered to Sell from Hold at Deutsche Bank.
- RightNow Tech (NASDAQ: RNOW) was downgraded at Baird to Neutral from Outperform.
Continue reading Analyst calls: CNB, ERIC, ASML, TRMB, BCS, DISCA, JNS, RGEN, GPS and NTY
Posted Sep 22nd 2008 10:15AM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, , Tyson Foods'A' (TSN), Analyst initiations, Teva Pharm Indus ADR (TEVA), Garmin Ltd (GRMN)
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Analyst upgrades:
- Keefe Bruyette upgraded shares of AllianceBernstein (NYSE: AB) to Outperform from Market Perform as they find AB's risk/reward attractive given its attractive long-term business model. Wachovia upgraded Watson Pharma (NYSE: WPI) and Teva Pharma (NASDAQ: TEVA) to Outperform from Market Perform citing valuations and positive drivers for generics that include patent expirations and market share expansion.
- UBS raised Lloyds TSB Group (NYSE: LYG) to Neutral from Sell on expected pricing power following the HBOS (OTC: HBOOY) acquisition.
- Otter Tail (NASDAQ: OTTR) was upgraded to Outperform from Neutral at Baird.
- GFI Group (NASDAQ: GFIG) was upgraded at Citigroup to Hold from Sell.
- Merrill upgraded Logitech (NASDAQ: LOGI) to Neutral from Underperform.
Analyst downgrades:
- JP Morgan downgraded shares of Lloyds TSB Group to Underweight from Neutral on capital concerns and believes the HBOS acquisition is not in the best interest of shareholders.
- Stephens downgraded Universal Truckload (NASDAQ: UACL) to Equal Weight from Overweight on valuation and concerns about a slowdown in the flatbed sector. The firm's target remains $28.
Continue reading Analyst calls: AB, WPI, TEVA, LYG, UACL, NTAP, SIMO, BRCM ...
Posted Oct 11th 2007 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Norfolk Southern Corp. (NSC)
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MOST NOTEWORTHY: Pharmacopeia, Zumiez, Norfolk Southern and OccuLogix were today's noteworthy upgrades:
- CIBC upgraded Pharmacopeia (NASDAQ: PCOP) to Sector Outperformer from Sector Performer, as they believe its lead cardiovascular drug DARA has the potential to become an important new therapy for hypertension and diabetic nephropathy.
- Think Equity upgraded shares of Zumiez (NASDAQ: ZUMZ) to Buy from Accumulate to reflect the company's strong same store sales growth.
- Norfolk Southern Corporation (NYSE: NSC) was upgraded to Equal Weight from Underweight at Lehman Brothers on valuation.
- Caris upgraded shares of OccuLogix (NASDAQ: OCCX) to Above Average from Average, as they believe weakness in the stock creates a buying opportunity. The firm believes the stock has dropped due to concerns about the company's cash position, but thinks the current stock price underestimates the revenue potential of the company's assets.
OTHER UPGRADES:
Posted Jul 12th 2007 11:20AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst reports, Analyst initiations
MOST NOTEWORTHY: Celgene (CELG), Flextronics (FLEX), TradeStation (TRAD) and Assisted Living Concepts (ALC) were today's noteworthy initiations:
- Jefferies is positive on Celgene (NASDAQ: CELG) over the longer term given the company's robust earnings growth potential and strong cash flow prospects, and started shares with a Buy.
- Flextronics (NASDAQ: FLEX) was assumed with a Buy rating at Banc of America, who called the proposed acquisition of Solectron (SLR) a positive.
- Friedman Billings believes TradeStation's (NASDAQ: TRAD) unique platform differentiates it from the competition and gives it a sustained advantage, starting shares with an Outperform.
- Ferris Baker Watts initiated Assisted Living (NYSE: ALC) with a Buy rating, calling shares attractive...
OTHER INITIATIONS:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted May 15th 2007 11:31AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades
MOST NOTEWORTHY: The electronics manufacturing services sector was today's noteworthy initiation:
- Credit Suisse initiated coverage of the EMS sector with an Underweight. The firm believes the industry is burdened with overcapacity in high-cost manufacturing regions, with hyper competition, allowing for no pricing power.
OTHER INITIATIONS:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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