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Closing Bell: Bernanke credibility helps run the bulls (BA, BSX, FSLR, NKE, SIRI, YHOO, INSM)

Posted Jun 25th 2009 4:10PM by Jon Ogg (RSS feed)
Filed under: Yahoo! (YHOO), Sirius Satellite Radio (SIRI), Boeing Co (BA), Boston Scientific (BSX), NIKE, Inc'B' (NKE)

Today was not just a strange day in the market. It was nearly baffling. At least it was a strange day if you were looking for the pullbacks to continue. The market was looking lower as the double-dip jobless numbers got worse than expected again, despite final Q1 GDP revisions being less-bad. The quarter-end coming up and the Russell re-balance may have some impact here.

Most of the gains continued throughout the morning into the early afternoon as investors got more confident over Ben Bernanke's testimony strength. Here were the unofficial closing bell levels:

Dow 8,475.57 +175.71 (2.12%)
S&P 500 920.28 +19.34 (2.15%)
Nasdaq 1,829.43 +37.09 (2.07%)

Top 10 Analyst Calls

Continue reading Closing Bell: Bernanke credibility helps run the bulls (BA, BSX, FSLR, NKE, SIRI, YHOO, INSM)

Analyst downgrades 3-07-07: Campbell Soup downgraded to Sell at Goldman

Posted Mar 7th 2007 11:19AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Bad News, Campbell Soup (CPB)

MOST NOTEWORTHY: Campbell Soup Company (CPB) and Wyerhaeuser Company (WY) topped today's modest-sized list of downgrades:

Goldman Sachs downgraded Campbell Soup Co (NYSE: CPB) to Sell from Neutral with a $40 target and added the company to its America's Sell List as they see minimal upside over the next year.

UBS cut Wyerhaeuser Co (NYSE: WY) to Reduce from Neutral on valuation.

OTHER DOWNGRADES:

Cooper Tire & Rubber Company (NYSE: CTB) was downgraded at Deutsche Bank to Hold from Buy on valuation.

Progressive Gaming International Corp (NASDAQ: PGIC) was cut to Accumulate from Buy at ThinkEquity.

Lazard downgraded Insmed Inc (NASDAQ: INSM) to Hold from Buy following the litigation settlement with Tercica, Inc (NASDAQ: TRCA) as they see a lack of revenues for the next 2-3 years

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).