Continue reading Apple's iPhone sees lukewarm reception in China debut

Apple's iPhone sees lukewarm reception in China debut originally appeared on BloggingStocks on Tue, 03 Nov 2009 16:15:00 EST. Please see our terms for use of feeds.

Continue reading China Unicom (CHU) will sell iPhone

China Unicom (CHU) will sell iPhone originally appeared on BloggingStocks on Mon, 31 Aug 2009 13:40:00 EST. Please see our terms for use of feeds.

Continue reading Apple rumored to officially enter Chinese mobile market with China Unicom

Apple rumored to officially enter Chinese mobile market with China Unicom originally appeared on BloggingStocks on Mon, 17 Aug 2009 15:00:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• PepsiCo (NYSE: PEP) was upgraded to Buy from Hold at Deutsche Bank.
• Fortress (NYSE: FIG) was upgraded at Citigroup to Hold from Sell.
• Prudential (NYSE: PUK) was lifted to Overweight from Neutral at JP Morgan.
• Keefe Bruyette upgraded Franklin Resources (NYSE: BEN) to Outperform from Market Perform and added shares to their Best Ideas List on valuation as they see an attractive risk/reward at current levels.
• UBS upgraded ASML Holding (NASDAQ: ASML) to Buy from Neutral on valuation as they believe the company remains a market leader.
• Oppenheimer raised Seattle Genetics (NASDAQ: SGEN) to Outperform from Perform on valuation following the recent weakness as they expect positive clinical news flow beginning in December.

• UBS downgraded U.S. Steel (NYSE: X) to Sell from Buy and lowered its target to $30 from $60 citing deteriorating U.S. conditions and concerns about the company's high fixed costs in a falling steel price environment.
• Royal Dutch Shell (NYSE: RDS.A) was downgraded to Underperform from Neutral at Credit Suisse.
  
• China Unicom (NYSE: CHU) was lowered to Underweight from Neutral at JP Morgan.

Continue reading Analyst calls: PEP, FIG, PUK, BEN, ASML, X, RDS.A, CHU, SVR ...

Analyst calls: PEP, FIG, PUK, BEN, ASML, X, RDS.A, CHU, SVR ... originally appeared on BloggingStocks on Mon, 27 Oct 2008 10:13:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• Chip suppliers for cellphones including Qualcomm Incorporated (NASDAQ: QCOM), Texas Instruments Incorporated (NYSE: TXN) and Nvidia Corporation (NASDAQ: NVDA) are moving aggressively to make products for Intel Corporation's (NASDAQ: INTC) new breed of pocket-size portable devices, called MIDs, the Wall Street Journal reported.

• According to the UK Times, Barclays Plc (NYSE: BCS) and The Royal Bank of Scotland Group Plc (NYSE: RBS) were raided by the Office of Fair Trading as part of the investigation into price fixing loans to professional services firms.

• Almost three dozen of the largest U.S. companies may have to slash their dividends, since the dividends greatly exceed their cash flow, Bloomberg reported. Large companies in this situation include General Motors Corporation (NYSE: GM), Motorola Inc (NYSE: MOT), and The New York Times Company (NYSE: NYT).
• China Telecom Corporation Limited (NYSE: CHA) may announce today that it has bought the mobile phone assets of China Unicom Limited (NYSE: CHU) and its parent company for more than $14.4B, Bloomberg reported, citing the South China Morning Post. China Unicom could say that it is merging with China Netcom Group Corporation (NYSE: CN) as early as today, the newspaper added.

Newspaper wrap-up: Barclays and RBS raided by Office of Fair Trading originally appeared on BloggingStocks on Mon, 02 Jun 2008 08:00:00 EST. Please see our terms for use of feeds.

China Mobile drops as China restructures telecom industry originally appeared on BloggingStocks on Tue, 27 May 2008 12:34:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Citigroup upgraded shares of Fluor (NYSE: FLR) to Buy from Hold to reflect the company's strong performance and backlog in Q4 and raised their target to $190.50 from $158.
  
• Baird upgraded Forward Air (NASDAQ: FWRD) to Outperform from Neutral citing near-term growth initiatives that are gaining traction.
  
• Citigroup also upgraded shares of McDermott (NYSE: MDR) to Buy from Hold to reflect the company's strong Q4 performance and rising commodity prices.

• RBC Capital upgraded Digital Realty (NYSE: DLR) and ProLogis (NYSE: PLD) to Top Pick from Outperform.
  
• Credit Suisse raised China Unicom (NYSE: CHU) to Outperform from Neutral.
  
• Tyson Foods (NYSE: TSN) and Oracle (NASDAQ: ORCL) were upgraded to Buy from Neutral at Merrill Lynch.

Analyst upgrades: FLR, FWRD and MDR originally appeared on BloggingStocks on Thu, 06 Mar 2008 11:00:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• According to the Wall Street Journal's "Heard on the Street," bears believe it may be too early to bargain hunt among financial stocks, as they think there may be more bad news to come after Citigroup Incorporated (NYSE: C) announced it took an $18B write down in Q4.
• Analysts who follow China's telecom sector believe there are a few prime picks, including China Unicom Limited (NYSE: CHU) and China Mobile Limited (NYSE: CHL), but are advising investors to think long term, the Wall Street Journal reported.

• Iron ore talks with China's Baosteel have come to a halt after the company and its peers said price demands from miners BHP Billiton Limited (NYSE: BHP), Rio Tinto PLC (NYSE: RTP) and Companhia Vale do Rio Doce (NYSE: RIO) were "far too high," the Australian Financial Review said.

• MiningMx.com reported that BHP Billiton has reached an "impasse" with South Africa's government over the conversion of the company's exploration leases to new order mining rights.

Newspaper wrap-up: More bad news to come for financial stocks? originally appeared on BloggingStocks on Wed, 16 Jan 2008 08:00:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Kevin Dann initiated shares of Penske Automotive Group Inc (NYSE: PAG) with a Buy rating and $25 target. The firm believes shares deserve a higher multiple given the company's reduced exposure to slower growing domestic brands combined with the increased penetration o luxury as a percentage of industry sales.
  
• CarMax Inc (NYSE: KMX) was also initiated at Kevin Dann with a Buy rating and $28 target, as they expect the multiple expansion to continue as confidence builds in the company's sales and expense strategy.
  
• Think Equities started shares of Towerstream Corporation (NASDAQ: TWER) with a Buy rating and $5 target and said the company is rapidly growing given robust demand fro high bandwidth services, market expansion, sales force growth, and higher ARPU services.
  
• Barrington believes Solera Holdings Inc (NYSE: SLH) is positioned to capture growth through technology adoption in claims processing by insurance companies, starting shares off with an Outperform rating and $27 target.
  
• Jefferies resumed coverage of Northstar Neuroscience Inc (NASDAQ: NSTR) with a Buy rating and $21 target, as they expect the company's Phase III EVEREST trial to yield positive positives, setting the stage for an FDA approval by Q109.

• Friedman Billings started shares of IPG Photonics Corporation (NASDAQ: IPGP) with an Outperform rating and $28 target and added shares to its Top Picks List.
  
• The firm also resumed coverage of Rofin-Sinar Technologies Inc (NASDAQ: RSTI) with an Outperform rating and $92 target.
  
• ABN Amro started China Netcom Group Corporation (NYSE: CN) with a Hold rating and China Mobile Limited (NYSE: CHL) and China Unicom Limited (NYSE: CHU) with Buy ratings.
  
• UBS started RSC Holdings Inc (NYSE: RRR) with a Neutral rating.

Analyst initiations: PAG, KMX, TWER, SLH and NSTR originally appeared on BloggingStocks on Tue, 16 Oct 2007 11:30:00 EST. Please see our terms for use of feeds.

By limiting its investment selections to stocks trading on US exchanges, Jim Trippon seeks to benefit from the growth in China without the risks associated with buying shares listed on Chinese exchanges. For example, his China Stock Digest recommends China's two largest wireless telecom stocks - both of which trade as ADRs on the New York exchange.

The first is China Mobile (NYSE:CHL ), which he notes has risen sharply as the company adds subscribers at a record-setting rate. Its total number of subscribers is now 291 million.

This fast growth, he explains, is due to its aggressive push into rural areas this year. He notes that during the first half of 2006, China Mobile added nearly 26 million customers and more than half of them came from underserved rural areas. Although the stock has already risen 80% this year, he says, "China Mobile remains among our top portfolio favorites."

He also recommends China's second largest wireless phone company, China Unicom (NYSE:CHU ). He says, "The firm is growing at a rate that would make any American firm jealous."

And while it still lags in growth and size behind China Telecom, he notes that China Unicom remains "a giant" with 139 million customers. Importantly, some 104 million of these customers use GSM cellular services and almost 35 million use CDMA services, giving the firm a "foothold in the next generation of wireless technology with the continuing rollout of 3G services."

The stock recently rose to a 52-week high after a Morgan Stanley analyst upgraded the stock based on the assumption that the company could sell off some of its parts. Despite its strong performance to date he says, "We continue to see it as a solid performer for the coming year."

Steven Halpern is the editor of TheStockAdvisors.com, a free daily overview of the latest investment ideas from the financial newsletter community.

A wireless world: China Mobile & China Telecom originally appeared on BloggingStocks on Fri, 01 Dec 2006 10:47:00 EST. Please see our terms for use of feeds.