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E*TRADE, Amgen and Others Heating Up in Google Searches

It appears that financial institutions, drug makers and oil companies have caught the attention of traders today -- at least, that's what they're searching for.

If you want to know what stocks traders are interested in right now at this very second, you need look no further than what's hot in Google.

Here's what's hot today.

Continue reading E*TRADE, Amgen and Others Heating Up in Google Searches

Analyst Calls: APC, ODP, IRBT, NFLX, POM, MMSI, NTAP, LULU, LNCE ...

Analyst Upgrades

  • JPMorgan upgraded Anadarko Petroleum (APC) to overweight from neutral on valuation as it views the recent pullback in shares as excessive. Despite upgrading, the firm lowered its target for shares to $82 from $90.
  • Oppenheimer upgraded Office Depot (ODP) to perform from underperform and upped its target for shares to $7 from $3 after raising its estimates for companies in the Office Products Retail space. The firm expects trends to accelerate for the sector due to moderating unemployment pressures. In conjunction with the upgrade, Opco raised its target for OfficeMax (OMX) to $26 from $21 and target for Staples (SPLS) to $30 from $28. Both stocks remain outperform rated.
  • C.K. Cooper upgraded iRobot (IRBT) to buy from hold with a $30 price target following the company's analyst day.
  • Seadrill (SDRL) was upgraded to buy from hold at Jefferies.
  • Vodafone (VOD) was upgraded to neutral from reduce at Nomura.

Continue reading Analyst Calls: APC, ODP, IRBT, NFLX, POM, MMSI, NTAP, LULU, LNCE ...

More money market funds seek protection

Earlier in the week I talked about action some money market funds were having to take to protect their value and avoid having to "break the buck" thanks to the problems in the mortgage market. The Wall Street Journal reports today that the number of money market funds admitting to trouble is increasing {subscription required]. Today's story focuses on FAF Advisors, a unit of U.S. Bancorp (NYSE: USB) , which operates the First American Prime Obligations Fund. This fund posted a notice on its website that alerts its investors to the fact that the fund "entered into an agreement that provides that if a loss is realized on the notes issued by Cheyne Finance LLC, an affiliate of FAF Advisors will contribute capital to the fund, up to the amount of the loss, in an amount necessary to preserve the fund's price at $1.00 per share and to preserve the fund's AAA rating."

Cheyne Finance LLC is an SIV that went into receivership, so that's the one most are focusing on publicly, but as I've discussed before many money market funds hold assets from other SIVs in trouble. Five other fund groups that have moved to protect their funds or developed a plan under agreement with the SEC include Bank of America's (NYSE: BAC) Columbia Management Group, Credit Suisse Asset Management,. Wachovia's (NYSE: WB) Evergreen Investments, SEI Investments Co. and STI Classic Funds. Other funds that held Cheyne-related assets in recent SEC filings include Valic II Company fund, offered by a unit of American International Group, and RiverSource Cash Management fund.

Continue reading More money market funds seek protection

Analyst downgrades 6-08-07: NKE, FL, TLAB, ADTN and BKHM

MOST NOTEWORTHY: Nike Inc (NYSE: NKE), Foot Locker Inc (NYSE: FL), Tellabs Inc (NASDAQ: TLAB), ADTRAN, Inc (NASDAQ: ADTN) and Bookham, Inc (NASDAQ: BKHM) were today's noteworthy downgrades:
  • Banc of America downgraded shares of both Nike and Foot Locker to Neutral from Buy, as the firm believes industry pressures in the U.S. could more than offset the potential turn in Europe and benefit from the 2008 Olympics.
  • Cowen downgraded shares of ADTRAN, Bookham and Tellabs to Neutral from Outperform.
  • Goldman Sachs also downgraded shares of Tellabs, to Sell from Neutral, as the firm believes the stock fully discounts the expected sales and margin improvement.
OTHER DOWNGRADES:

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: 01:29 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

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