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Analyst upgrades, downgrades and initiations: AMZN, BA, BAC, F, LUV, LYG T, WEN ...

Analyst upgrades:

  • RBC Capital upgraded Bank of America (NYSE: BAC) to Outperform from Sector Perform and said the company has attractive franchise value and earnings power, and is nearing the start of a credit driven earnings recovery. The firm raised its target to $22 from $19.
  • Oppenheimer assumed coverage of Amazon.com (NASDAQ: AMZN) and upgraded shares to Outperform from Perform. The firm expects Amazon's revenue growth to re-accelerate over the next several quarters, making consensus estimates too conservative. Opco set a $130 price target on the stock.
  • Barclays upgraded Ford (NYSE: F) to Equal Weight from Underweight and believes the company will report Q3 results above the Street. The firm raised its Q3 EPS estimate to 7 cents from 16 cents, vs. consensus of 21 cents, and its price target to $8 from $7.
  • Charles River Labs (NYSE: CRL) was upgraded to Neutral from Sell at Goldman.
  • Briggs & Stratton (NYSE: BGG) was upgraded to Outperform from Neutral at Baird.
  • Sealed Air (NYSE: SEE) was upgraded to Equal Weight from Underweight at Barclays.

Continue reading Analyst upgrades, downgrades and initiations: AMZN, BA, BAC, F, LUV, LYG T, WEN ...

Video value? New titles boost gaming sector

"The video game industry was once thought to be virtually recession proof; unfortunately, recession reality has intruded," notes Geoffrey Seiler, who adds, "Boosters, however, are pointing to new games scheduled for release later this year as a reason for optimism."

In his always-informative BullMarket.com, the advisors offers an in-depth review of the sector, highlights potential opportunities in GameStop (NYSE: GME), Electronic Arts (NASDAQ: ERTS), and Activision Blizzard (NASDAQ: ATVI).

"When you get right down to it, success in the video game business isn't much different from the movie business: developers are only as good as their last hit game.

Continue reading Video value? New titles boost gaming sector

Short City Update: GameStop: hold short; Telefonica: stopped out

An update on two short positions: GameStop Corp. (NYSE: GME), recommended on May 26, 2009 at a price of $26.00, and Telefonica S.A. (NYSE: TEF), recommended on the same day at a price of $61.11.

GameStop: Hold Short. It's still hard to make the case for growth in high-end / sophisticated games amid a slowdown in consumer spending. The era of the 'frugal consumer' is upon us: basic games are in, pricey games are out. Cover Short on a bounce off $20, $17, $15, or $10. Buy/Stop Loss if you sold shares in this company: $33.

Continue reading Short City Update: GameStop: hold short; Telefonica: stopped out

GameStop: Trade idea?

September is drawing to a close. What does this signify? Well, one of my favorite times of the year, Halloween, will soon be upon us. Even more than that, holiday shopping is about to begin in earnest. Is your portfolio ready?

I've been checking around for investments in the retail sector. Problem is, so many of them have already had significant run-ups. However, even with these higher stock prices, the sector still might be an interesting one to look at since it's possible that Christmas could turn out okay. A post on DailyFinance discusses a report from the International Council of Shopping Centers, which basically states that numbers from this holiday season should see an improvement over last year's data.

Continue reading GameStop: Trade idea?

Will the new cost of the Wii benefit Nintendo investors?

It's finally happened. Nintendo (OTC: NTDOY) has reduced the price of its Wii gaming console. What once was $250 is now $200 (or, technically, $199.99, the psychologically important way of designating the new cost).

Why did Nintendo do this? Because both Microsoft (NASDAQ: MSFT) and Sony (NYSE: SNE) have cut the costs of their own entertainment systems. Plus, we're simply at that point in the latest video-game cycle when cuts are implemented. Hardware eventually becomes less expensive. When demand levels fall off, more casual, value-oriented consumers are courted with cheaper prices.

Continue reading Will the new cost of the Wii benefit Nintendo investors?

Best Buy looking to purchase Gamestop?

Perhaps Best Buy Inc. (NYSE: BBY) is looking to make video games a centerpiece of its product offerings. Video game rival Gamestop Corp. (NYSE: GME) could be a potential takeover target for the largest consumer electronics retailer in the U.S. Best Buy recently stated that game sales is a focus area, so there is more truth to this rumor than not.

After all, retailers will use every trick in the book to get feet inside the doors. So many products in retail are loss leaders, but they get traffic inside, and statistically that translates into sales for a certain portion of customers. By buying Gamestop, Best Buy would become one of the premium video game retailers in the U.S., causing even more foot traffic to creep inside its brick-and-mortar locations. This has been a rumor in the past, but it makes sense now more than ever.

Continue reading Best Buy looking to purchase Gamestop?

Analyst upgrades, downgrades and initiations: BA, FRO, GENZ, JBLU, MS, VARI ...

Analyst upgrades:

  • FBR Capital upgraded Frontline (NYSE: FRO) to Market Perform from Underperform to reflect the company's above-average day rates and alleviated near-term financing pressures. The firm raised its target on shares to $23 from $14.
  • Baird upgraded Varian Medical (NASDAQ: VARI) to Outperform from Neutral and said checks at ESTRO meeting indicate European radiation therapy market demand will remain "respectable" in 2010 and that launch of Unique could drive incremental demand in developing markets. The firm has a $49 target on shares.
  • Goldman believes GameStop (NYSE: GME) Street expectations are beatable and valuation is attractive. The firm upgraded shares to Conviction Buy from Neutral and has a $28 target.
  • Borg-Warner (NYSE: BWA) was upgraded to Outperform from Market Perform at Wells Fargo.
  • KKR Financial (NYSE: KFN) was upgraded to Outperform from Market Perform at JMP Securities.
  • Cathay Pacific (OTC: CPCAY) was upgraded to Outperform from Neutral at Credit Suisse.

Continue reading Analyst upgrades, downgrades and initiations: BA, FRO, GENZ, JBLU, MS, VARI ...

Microsoft, Sony, and the cheaper Xbox 360

So you've heard the news I'm sure. Microsoft Corporation (NASDAQ: MSFT) is not standing still in the video-game wars. It recently reduced the price of the Xbox 360 Elite system by $100. We now have parity between an Xbox 360 unit and a Sony Corporation (NYSE: SNE) PlayStation 3 console.

It's going to be interesting to see how hardware sales perform in the coming months. Intuitively, one would have to expect a bump in the number of units sold for both companies. But which one will win out?

Continue reading Microsoft, Sony, and the cheaper Xbox 360

Earnings highlights: B&N, Deere, Heinz, Home Depot, HP, Sears, Target ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: B&N, Deere, Heinz, Home Depot, HP, Sears, Target ...

Closing Bell: Bears are on vacation (AIG, GME, PETM, GOOG, SHLD, SBUX)

This was one of those days that the overseas stock markets had a boost for the U.S. and the strength just stayed around. Despite a worse jobless claims figure, there was an actual positive report in the Philadelphia Fed manufacturing data and the Leading Indicators did not hurt the market either.

Here were today's unofficial closing bell levels:

Dow 9,348.54 +69.38 (0.75%)
S&P 500 1,007.37 +10.91 (1.09%)
Nasdaq 1,989.22 +19.98 (1.01%)

Top 10 Analyst Calls

Continue reading Closing Bell: Bears are on vacation (AIG, GME, PETM, GOOG, SHLD, SBUX)

GameStop (GME) posts disappointing Q2 earnings

GME logoGameStop (NYSE: GME - option chain) stock is trading lower today after the company announced it earned 0.23 per share in the second quarter, a nickel below expected results. Also, GME lowered its full-year forecast, blaming an industry-wide slowdown. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on GME.

This morning, GME opened at $23.24. So far today the stock has hit a low of $23.01 and a high of $24.10. As of 11:50, GME is trading at $23.88, down $1.30 (-5.2%). The chart for GME looks bullish and S&P gives GME a positive 5 STARS (out of 5) strong buy ranking.

Continue reading GameStop (GME) posts disappointing Q2 earnings

Will Best Buy best the analysts?

Best Buy (NYSE: BBY), the electronics mecca that competes with retailers such as Wal-Mart (NYSE: WMT), Target (NYSE: TGT), Sears (NASDAQ: SHLD), and GameStop (NYSE: GME), will be issuing earnings for the first fiscal quarter on Tuesday, June 16. According to this source, Best Buy will see a decline in net income. Analysts believe that the retailer will do $0.34 per share, which represents a drop of about 20%.

But, according to that same source, Best Buy has beaten the analysts at their game in the last two quarters. If you ask me, I think the company has a good chance of beating the forecast yet again. With all the euphoria in the equities market as of late, and with all the talk about the recession possibly coming to an end late this year, I feel that consumers must have been in a better mood in the most recent quarter. And one would assume a big name like Best Buy would get its share of the traffic.

Continue reading Will Best Buy best the analysts?

Nintendo Wii has tough April -- will console be getting cheaper?

The news continues to be bad for Nintendo (OTC: NTDOY) shareholders. The Wii is slowing down. While it remains a powerful force in gaming hardware, it's just not as compelling in terms of sales as it used to be.

Bloomberg tells the tale. The data for April sales show that the Wii sold less than half as many consoles in the U.S. this year as compared to April of 2008. Last month, the Wii moved 340,000 units. A year ago, the Wii sold over 700,000 units. That's a big difference. Now, don't get to thinking that Nintendo has now given up its crown. The Wii still outsells both the Sony (NYSE: SNE) PlayStation 3 and Microsoft's (NASDAQ: MSFT) Xbox 360 in domestic locations.

Continue reading Nintendo Wii has tough April -- will console be getting cheaper?

Earnings highlights: Home Depot, Target, Sears, Campbell, Deere and more

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Home Depot, Target, Sears, Campbell, Deere and more

Short City: GameStop, Telefonica

Some contend that shorting stocks is un-American. Hardly. Selling short provides liquidity to the markets, aids in price discovery, and provides an extra check -- some argue the only check -- against ill-conceived business ideas and incompetent executives.

New York Stock Trader Dave Fischer is a short king, and has made most of his money over the past 15 years shorting stocks. His favorite phrase is, "With those fundamentals, that stock can't hang on for long."

Short these shares if you can tolerate high-risk and are an experienced investor that does not remove Buy/Stop Losses.

Continue reading Short City: GameStop, Telefonica

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Symbol Lookup
IndexesChangePrice
DJIA+17.4610,023.42
NASDAQ+7.122,112.44
S&P 500+2.671,069.30

Last updated: November 08, 2009: 09:02 PM

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