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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Analyst Calls: ANF, BBBY, CIEN, CP, EXPE, ICE, NVDA, QCOM, SONC ...]]></title><link>http://www.bloggingstocks.com/2011/03/08/analyst-upgrades-downgrades/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2011/03/08/analyst-upgrades-downgrades/</guid><comments>http://www.bloggingstocks.com/2011/03/08/analyst-upgrades-downgrades/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/analyst-reports/" rel="tag">Analyst Reports</a>, <a href="http://www.bloggingstocks.com/category/analyst-upgrades-and-downgrades/" rel="tag">Analyst Upgrades and Downgrades</a>, <a href="http://www.bloggingstocks.com/category/bbby/" rel="tag">Bed Bath and Beyond (BBBY)</a>, <a href="http://www.bloggingstocks.com/category/cien/" rel="tag">Ciena Corp (CIEN)</a>, <a href="http://www.bloggingstocks.com/category/cmg/" rel="tag">Chipotle Mexican Grill'A' (CMG)</a>, <a href="http://www.bloggingstocks.com/category/expe/" rel="tag">Expedia Inc (EXPE)</a>, <a href="http://www.bloggingstocks.com/category/anf/" rel="tag">Abercrombie and Fitch (ANF)</a>, <a href="http://www.bloggingstocks.com/category/qcom/" rel="tag">QUALCOMM Inc (QCOM)</a>, <a href="http://www.bloggingstocks.com/category/analyst-initiations/" rel="tag">Analyst Initiations</a></p><p><strong><a href="http://www.theflyonthewall.com"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2007/03/flywall_final_logo_mini.gif" alt="" /></a>Analyst Upgrades</strong></p>
<ul>
    <li>Expedia (<a class="inlinked" href="http://www.dailyfinance.com/quotes/expedia-inc-del/expe/nas">EXPE</a>) to buy from hold at Citigroup.</li>
    <li>Weatherford (<a class="inlinked" href="http://www.dailyfinance.com/quotes/weatherford-international-ltd-switzerland/wft/nys">WFT</a>) to outperform from market perform at Wells Fargo.</li>
    <li>Abercrombie &amp; Fitch (<a class="inlinked" href="http://www.dailyfinance.com/quotes/abercrombie-and-fitch-co/anf/nys">ANF</a>) to buy from neutral at BofA/Merrill.</li>
    <li>MDC Holdings (<a class="inlinked" href="http://www.dailyfinance.com/quotes/m-d-c-holdings-inc/mdc/nys">MDC</a>) to outperform from neutral at Credit Suisse.</li>
    <li>AutoNavi (<a href="http://www.dailyfinance.com/quotes/autonavi-holdings-limited-ads-representing-4-shares-of-common-stock/amap/nas">AMAP</a>) to buy from neutral at Goldman.</li>
    <li>Ciena (<a class="inlinked" href="http://www.dailyfinance.com/quotes/ciena-corporation/cien/nas">CIEN</a>) and Nvidia (<a class="inlinked" href="http://www.dailyfinance.com/quotes/nvidia-corporation/nvda/nas">NVDA</a>) to neutral from underweight at JPMorgan.</li>
    <li>Canadian Pacific (<a class="inlinked" href="http://www.dailyfinance.com/quotes/canadian-pacific-railway-limited/cp/nys">CP</a>) to outperform from market perform at Raymond James.</li>
    <li>First Midwest (<a class="inlinked" href="http://www.dailyfinance.com/quotes/first-midwest-bancorp-del/fmbi/nas">FMBI</a>) and Quiksilver (<a class="inlinked" href="http://www.dailyfinance.com/quotes/quiksilver-inc/zqk/nys">ZQK</a>) to buy from hold at Jefferies.</li>
    <li>Sonic (<a class="inlinked" href="http://www.dailyfinance.com/quotes/sonic-corp/sonc/nas">SONC</a>) to neutral from negative at Susquehanna.</li>
    <li>MIPS Technologies (<a class="inlinked" href="http://www.dailyfinance.com/quotes/mips-technologies-inc/mips/nas">MIPS</a>) to buy from hold at Benchmark Co.</li>
    <li>Arrow Electronics (<a class="inlinked" href="http://www.dailyfinance.com/quotes/arrow-electronics-inc/arw/nys">ARW</a>) and Avnet (<a class="inlinked" href="http://www.dailyfinance.com/quotes/avnet-incorporated/avt/nys">AVT</a>) to buy from hold at Stifel Nicolaus.</li>
</ul><p><a href="http://www.bloggingstocks.com/2011/03/08/analyst-upgrades-downgrades/" rel="bookmark">Continue reading <em>Analyst Calls: ANF, BBBY, CIEN, CP, EXPE, ICE, NVDA, QCOM, SONC ...</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2011/03/08/analyst-upgrades-downgrades/">Analyst Calls: ANF, BBBY, CIEN, CP, EXPE, ICE, NVDA, QCOM, SONC ...</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Tue, 08 Mar 2011 11:40:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2011/03/08/analyst-upgrades-downgrades/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/19872341/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2011/03/08/analyst-upgrades-downgrades/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>Abercrombie</category><category>AMAP</category><category>analyst upgrades</category><category>ANF</category><category>ARW</category><category>AutoNavi</category><category>Avnet</category><category>AVT</category><category>BBBY</category><category>Bed Bath and Beyond</category><category>Canadian Pacific</category><category>CELG</category><category>Celgene</category><category>Chipotle</category><category>CIEN</category><category>Ciena</category><category>CMG</category><category>CP</category><category>DMD</category><category>downgrades</category><category>Expe</category><category>Expedia</category><category>FMBI</category><category>HK</category><category>HOGS</category><category>ICE</category><category>initiations</category><category>inthenews</category><category>ISLE</category><category>Isle of Capri</category><category>LBTYA</category><category>MDC</category><category>MIPS</category><category>NVDA</category><category>Nvidia</category><category>Petrohawk</category><category>QCOM</category><category>Qualcomm</category><category>Quiksilver</category><category>SNV</category><category>SONC</category><category>Sonic</category><category>Synovus</category><category>TranS1</category><category>Trina Solar</category><category>TSL</category><category>TSON</category><category>Vertex</category><category>Virgin Media</category><category>VMED</category><category>VRTX</category><category>Weatherford</category><category>WFT</category><category>Zhongpin</category><category>ZQK</category><dc:creator><![CDATA[Eric Buscemi]]></dc:creator><pubDate>Tue, 08 Mar 2011 11:40:00 EST</pubDate></item><item><title><![CDATA[Analyst Calls: BBT, CI, DG, DHI, HSY, NFLX, RAI, TOL, UNH, WAT, XOM ...]]></title><link>http://www.bloggingstocks.com/2011/01/06/analyst-upgrades-downgrades/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2011/01/06/analyst-upgrades-downgrades/</guid><comments>http://www.bloggingstocks.com/2011/01/06/analyst-upgrades-downgrades/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/analyst-reports/" rel="tag">Analyst Reports</a>, <a href="http://www.bloggingstocks.com/category/analyst-upgrades-and-downgrades/" rel="tag">Analyst Upgrades and Downgrades</a>, <a href="http://www.bloggingstocks.com/category/xom/" rel="tag">Exxon Mobil (XOM)</a>, <a href="http://www.bloggingstocks.com/category/nflx/" rel="tag">Netflix, Inc. (NFLX)</a>, <a href="http://www.bloggingstocks.com/category/bbt/" rel="tag">BB and T (BBT)</a>, <a href="http://www.bloggingstocks.com/category/ci/" rel="tag">CIGNA Corp (CI)</a>, <a href="http://www.bloggingstocks.com/category/hsy/" rel="tag">Hershey Co (HSY)</a>, <a href="http://www.bloggingstocks.com/category/tol/" rel="tag">Toll Brothers (TOL)</a>, <a href="http://www.bloggingstocks.com/category/analyst-initiations/" rel="tag">Analyst Initiations</a></p><p><a href="http://www.theflyonthewall.com"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2007/03/flywall_final_logo_mini.gif" alt="" /></a><strong>Analyst Upgrades</strong></p>
<ul>
    <li>Exxon Mobil (<a class="inlinked" href="http://www.dailyfinance.com/quotes/exxon-mobil-corporation/xom/nys">XOM</a>) and BB&amp;T (<a class="inlinked" href="http://www.dailyfinance.com/quotes/bbandt-corporation/bbt/nys">BBT</a>) to outperform from perform at Oppenheimer.</li>
    <li>D.R. Horton (<a class="inlinked" href="http://www.dailyfinance.com/quotes/d-r-horton-inc/dhi/nys">DHI</a>) upgraded to outperform from market perform at Wells Fargo.</li>
    <li>Meritage Homes (<a class="inlinked" href="http://www.dailyfinance.com/quotes/meritage-homes-corporation/mth/nys">MTH</a>), Old Dominion Freight (<a class="inlinked" href="http://www.dailyfinance.com/quotes/old-dominion-freight-line-inc/odfl/nas">ODFL</a>) and Heartland Payment (<a class="inlinked" href="http://www.dailyfinance.com/quotes/heartland-payment-systems-inc/hpy/nys">HPY</a>) to outperform from market perform at Wells Fargo.</li>
    <li>Toll Brothers (<a class="inlinked" href="http://www.dailyfinance.com/quotes/toll-brothers-inc/tol/nys">TOL</a>) to overweight from equal weight at Barclays.</li>
    <li>Hershey (<a class="inlinked" href="http://www.dailyfinance.com/quotes/hershey-company-the/hsy/nys">HSY</a>) to buy from neutral at Janney Capital.</li>
    <li>UnitedHealth (<a class="inlinked" href="http://www.dailyfinance.com/quotes/unitedhealth-group-incorporated/unh/nys">UNH</a>), Cigna (<a class="inlinked" href="http://www.dailyfinance.com/quotes/cigna-corporation/ci/nys">CI</a>) and Allscripts (<a class="inlinked" href="http://www.dailyfinance.com/quotes/allscripts-misys-healthcare-solutions-inc/mdrx/nas">MDRX</a>) to buy from hold at Deutsche Bank.</li>
    <li>Nationwide Health (<a class="inlinked" href="http://www.dailyfinance.com/quotes/nationwide-health-properties-inc/nhp/nys">NHP</a>) to outperform from market perform at JMP Securities.</li>
    <li>Reynolds American (<a class="inlinked" href="http://www.dailyfinance.com/quotes/reynolds-american-inc/rai/nys">RAI</a>) to buy from neutral at UBS.</li>
    <li>Adtran (<a class="inlinked" href="http://www.dailyfinance.com/quotes/adtran-inc/adtn/nas">ADTN</a>), PG&amp;E (<a class="inlinked" href="http://www.dailyfinance.com/quotes/pgande-corp-holding-co/pcg/nys">PCG</a>) and Wisconsin Energy (<a class="inlinked" href="http://www.dailyfinance.com/quotes/wisconsin-energy-corporation/wec/nys">WEC</a>) to overweight from equal weight at Morgan Stanley.</li>
</ul><p><a href="http://www.bloggingstocks.com/2011/01/06/analyst-upgrades-downgrades/" rel="bookmark">Continue reading <em>Analyst Calls: BBT, CI, DG, DHI, HSY, NFLX, RAI, TOL, UNH, WAT, XOM ...</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2011/01/06/analyst-upgrades-downgrades/">Analyst Calls: BBT, CI, DG, DHI, HSY, NFLX, RAI, TOL, UNH, WAT, XOM ...</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Thu, 06 Jan 2011 11:40:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2011/01/06/analyst-upgrades-downgrades/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/19789927/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2011/01/06/analyst-upgrades-downgrades/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>ADTN</category><category>analyst upgrades</category><category>BBT</category><category>CHKP</category><category>CI</category><category>Cigna</category><category>CMA</category><category>Comerica</category><category>CRL</category><category>DG</category><category>DHI</category><category>Dollar General</category><category>downgrades</category><category>Exxon Mobil</category><category>Hershey</category><category>HPY</category><category>HSY</category><category>initiations</category><category>inthenews</category><category>LAMR</category><category>MDC</category><category>MDRX</category><category>MTH</category><category>NHP</category><category>ODFL</category><category>PCG</category><category>PRX</category><category>RAI</category><category>RYL</category><category>STI</category><category>SunTrust</category><category>TOL</category><category>Toll Brothers</category><category>UNH</category><category>UnitedHealth</category><category>VRUS</category><category>WAT</category><category>WEC</category><category>WTR</category><category>XOM</category><dc:creator><![CDATA[Eric Buscemi]]></dc:creator><pubDate>Thu, 06 Jan 2011 11:40:00 EST</pubDate></item><item><title><![CDATA[Goldman Sachs Slashes Ratings Across Entire Homebuilder's Industry]]></title><link>http://www.bloggingstocks.com/2010/07/14/goldman-sachs-slashes-ratings-across-entire-homebuilders-indust/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2010/07/14/goldman-sachs-slashes-ratings-across-entire-homebuilders-indust/</guid><comments>http://www.bloggingstocks.com/2010/07/14/goldman-sachs-slashes-ratings-across-entire-homebuilders-indust/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/analyst-upgrades-and-downgrades/" rel="tag">Analyst Upgrades and Downgrades</a>, <a href="http://www.bloggingstocks.com/category/stocks-to-sell/" rel="tag">Stocks to Sell</a></p><img vspace="4" hspace="4" border="1" align="right" alt="" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2007/09/housing.jpg" />Everybody has been wondering what was going to happen to homebuilders once the Federal government's tax credit expired at the end of April. Well, we're starting to find out, and the picture doesn't look good.<br />
<br />
Goldman Sachs has downgraded the entire Homebuilders industry from Attractive to Neutral, dropped MDC Holdings Inc. (<a target="_blank" href="http://www.dailyfinance.com/quotes/m-d-c-holdings-inc/mdc/nys">MDC</a>) from its Conviction Buy List and dropped its price targets on 10 stocks in the industry.<br />
<br />
And really, who can blame them?<br />
<br />
We've seen new home sales plunge from 504K in April -- right before the tax credit expired -- to 300K in May. We've also watched housing starts and applications for new building permits dry up. Plus, it is getting harder and harder for individuals to qualify for a loan.<p><a href="http://www.bloggingstocks.com/2010/07/14/goldman-sachs-slashes-ratings-across-entire-homebuilders-indust/" rel="bookmark">Continue reading <em>Goldman Sachs Slashes Ratings Across Entire Homebuilder's Industry</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2010/07/14/goldman-sachs-slashes-ratings-across-entire-homebuilders-indust/">Goldman Sachs Slashes Ratings Across Entire Homebuilder's Industry</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Wed, 14 Jul 2010 14:00:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2010/07/14/goldman-sachs-slashes-ratings-across-entire-homebuilders-indust/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/19554071/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2010/07/14/goldman-sachs-slashes-ratings-across-entire-homebuilders-indust/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>dhi</category><category>dr horton</category><category>hov</category><category>hovnanian</category><category>kb home</category><category>kbh</category><category>len</category><category>lennar</category><category>mdc</category><category>MDC holdings</category><category>meritage homes</category><category>mth</category><category>nvr</category><category>phm</category><category>pulte homes</category><category>ryl</category><category>ryland</category><category>toll brothers</category><dc:creator><![CDATA[Wade Hansen]]></dc:creator><pubDate>Wed, 14 Jul 2010 14:00:00 EST</pubDate></item><item><title><![CDATA[Comfort Zone Investing: Starting over ]]></title><link>http://www.bloggingstocks.com/2009/08/22/comfort-zone-investing-starting-over/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2009/08/22/comfort-zone-investing-starting-over/</guid><comments>http://www.bloggingstocks.com/2009/08/22/comfort-zone-investing-starting-over/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/dhi/" rel="tag">D.R.Horton (DHI)</a>, <a href="http://www.bloggingstocks.com/category/low/" rel="tag">Lowe's Cos (LOW)</a>, <a href="http://www.bloggingstocks.com/category/len/" rel="tag">Lennar Corp'A' (LEN)</a>, <a href="http://www.bloggingstocks.com/category/tol/" rel="tag">Toll Brothers (TOL)</a>, <a href="http://www.bloggingstocks.com/category/comfort-zone-investing/" rel="tag">Comfort Zone Investing</a></p><p><img border="1" hspace="4" alt="" vspace="4" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2009/08/roadtrip1.jpg" width="220" height="220" />Most investors got slammed last year, down 50% or more in their investments. Didn't matter if they owned stocks or real estate, they got hammered. Many have to start over. And if they're near retirement, it's scary. Years of patient investing wiped out, gains that were made over a long time disappeared frighteningly fast.</p>
<p>But now it's time to begin fresh, to rebuild. What's the safest way to regain some or all of the losses without suffering another wipeout?</p><p><a href="http://www.bloggingstocks.com/2009/08/22/comfort-zone-investing-starting-over/" rel="bookmark">Continue reading <em>Comfort Zone Investing: Starting over </em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2009/08/22/comfort-zone-investing-starting-over/">Comfort Zone Investing: Starting over </a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Sat, 22 Aug 2009 10:30:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.theonlineinvestor.com/>Read</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2009/08/22/comfort-zone-investing-starting-over/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/19134724/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2009/08/22/comfort-zone-investing-starting-over/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>Cavco</category><category>Comfort Zone Investing</category><category>CVCO</category><category>D.R. Horton</category><category>DHI</category><category>ETFs</category><category>exchange-traded funds</category><category>featured</category><category>KB Home</category><category>KBH</category><category>LEN</category><category>Lennar</category><category>LOW</category><category>Lowes</category><category>MDC</category><category>mutual funds</category><category>NVR</category><category>PHM</category><category>Pulte Homes</category><category>Ted Allrich</category><category>The Online Investor</category><category>TOL</category><category>Toll Brothers</category><dc:creator><![CDATA[Ted Allrich]]></dc:creator><pubDate>Sat, 22 Aug 2009 10:30:00 EST</pubDate></item><item><title><![CDATA[Analyst upgrades, downgrades and initiations: MCD,NOK, DIS, DELL, AA, ]]></title><link>http://www.bloggingstocks.com/2008/11/17/analyst-upgrades-downgrades-and-initiations-mcd-nok-dis-dell/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/11/17/analyst-upgrades-downgrades-and-initiations-mcd-nok-dis-dell/</guid><comments>http://www.bloggingstocks.com/2008/11/17/analyst-upgrades-downgrades-and-initiations-mcd-nok-dis-dell/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/analyst-reports/" rel="tag">Analyst Reports</a>, <a href="http://www.bloggingstocks.com/category/analyst-upgrades-and-downgrades/" rel="tag">Analyst Upgrades and Downgrades</a>, <a href="http://www.bloggingstocks.com/category/dell/" rel="tag">Dell (DELL)</a>, <a href="http://www.bloggingstocks.com/category/mcd/" rel="tag">McDonald's (MCD)</a>, <a href="http://www.bloggingstocks.com/category/dis/" rel="tag">Walt Disney (DIS)</a>, <a href="http://www.bloggingstocks.com/category/nok/" rel="tag">Nokia Corp. (NOK)</a>, <a href="http://www.bloggingstocks.com/category/aa/" rel="tag">Alcoa Inc (AA)</a>, <a href="http://www.bloggingstocks.com/category/azo/" rel="tag">AutoZone Inc (AZO)</a>, <a href="http://www.bloggingstocks.com/category/gps/" rel="tag">Gap Inc (GPS)</a>, <a href="http://www.bloggingstocks.com/category/analyst-initiations/" rel="tag">Analyst Initiations</a></p><strong><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL "><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/11/fly-logo-(aol).gif" alt="" /></a>Analyst upgrades:</strong><br />
<ul>
    <li>UBS upgraded <a href="http://finance.aol.com/quotes/mcdonald-s-corporation/mcd/nys">McDonald'</a>s (NYSE:<a href="http://finance.aol.com/quotes/mcdonald-s-corporation/mcd/nys">MCD</a>) to Buy from Neutral based on expectations the it can deliver on 2009 EPS expectations and potential for accelerating share gains. <br /></li>
    <li>Bernstein upgraded <a href="http://finance.aol.com/quotes/nokia-corporation/nok/nys">Nokia </a>(NYSE:<a href="http://finance.aol.com/quotes/nokia-corporation/nok/nys">NOK</a>) to Outperform from Underperform on valuation following the company's profit warning. Merrill upgraded shares to Buy from Neutral to reflect valuation and Nokia's new product portfolio. Shares were also upgraded to Hold from Sell at WestLB. <br /></li>
    <li>B. Riley raised <a href="http://finance.aol.com/quotes/ucbh-holdings-inc/ucbh/nas">UCBH Holdings</a> (NASDAQ:<a href="http://finance.aol.com/quotes/ucbh-holdings-inc/ucbh/nas">UCBH</a>) to Buy from Neutral to reflect the improved valuation and the company's stronger capital position provided by the US Treasury investment.</li>
    <li><a href="http://finance.aol.com/quotes/parexel-international-corporation/prxl/nas">Parexel</a> (NASDAQ:<a href="http://finance.aol.com/quotes/parexel-international-corporation/prxl/nas">PRXL</a>) was upgraded to Buy from Hold at Jefferies. <br /></li>
    <li><a href="http://finance.aol.com/quotes/cts-corporation/cts/nys">CTS Corp</a> (NYSE<a href="http://finance.aol.com/quotes/cts-corporation/cts/nys">:CTS</a>) was lifted to Neutral from Underweight at JP Morgan. <br /></li>
    <li><a href="http://finance.aol.com/quotes/hospitality-properties-trust/hpt/nys">Hospitality Properties</a> (NYSE<a href="http://finance.aol.com/quotes/hospitality-properties-trust/hpt/nys">:HPT</a>) was upgraded to Equal Weight from Underweight at Morgan Stanley.</li>
</ul>
<strong>Analyst downgrades:</strong>
<ul>
    <li>Soleil downgraded <a href="http://finance.aol.com/quotes/the-walt-disney-company/dis/nys">Disney</a> (NYSE<a href="http://finance.aol.com/quotes/the-walt-disney-company/dis/nys">:DIS</a>) to Hold from Buy to reflect the weakening macro-economic outlook and their belief consensus estimates may be too high. The firm lowered their target to $23 from $40. <br /></li>
    <li>Merrill downgraded <a href="http://finance.aol.com/quotes/dell-inc/dell/nas">Dell</a> (NASDAQ:<a href="http://finance.aol.com/quotes/dell-inc/dell/nas">DELL</a>) to Neutral from Buy on expectations PC sales will decline next year amid the slowing economy. The firm lowered Dell's target price to $13 from $22. <br /></li>
    <li>Jefferies cut <a href="http://finance.aol.com/quotes/dell-inc/dell/nas">MDS Inc</a> (NASDAQ:<a href="http://finance.aol.com/quotes/dell-inc/dell/nas">MDZ</a>) to Hold from Buy to reflect slowing demand and a lack of catalysts to unlock the company's assets. The firm lowered their target to $10.50 from $15.</li>
    <li><a href="http://finance.aol.com/quotes/alcoa-inc/aa/nys">Alcoa</a> (NYSE<a href="http://finance.aol.com/quotes/alcoa-inc/aa/nys">:AA</a>) was lowered to Neutral from Buy at UBS.</li>
    <li><a href="http://finance.aol.com/quotes/tesco-plc-s-adr/tscdy/nao">Tesco PLC</a> (Other OTC:<a href="http://finance.aol.com/quotes/tesco-plc-s-adr/tscdy/nao">TSCDY</a>) was downgraded at JP Morgan to Underweight from Neutral. <br /></li>
    <li>Merrill downgraded <a href="http://finance.aol.com/quotes/sap-aktiengesellschaft/sap/nys">SAP AG</a> (NYSE:<a href="http://finance.aol.com/quotes/sap-aktiengesellschaft/sap/nys">SAP</a>) to Neutral from Buy.<br /></li>
    <li>Goldman added <a href="http://finance.aol.com/quotes/altera-corporation/altr/nas">Altera</a> (NASDAQ<a href="http://finance.aol.com/quotes/altera-corporation/altr/nas">:ALTR</a>) to the Conviction Sell List.</li>
</ul>
<strong>Analyst initiations:</strong>
<ul>
    <li>Citigroup thinks<a href="http://finance.aol.com/quotes/autozone-inc/azo/nys"> AutoZone</a> (NYSE<a href="http://finance.aol.com/quotes/autozone-inc/azo/nys">:AZO</a>) will benefit from the slowdown in car sales and thinks the recent pullback is overdone. Shares were initiated with a Buy rating and $146 target. </li>
    <li>Citigroup also believes <a href="http://finance.aol.com/quotes/advance-auto-parts-inc/aap/nys">Advance Auto Parts</a> (NYSE<a href="http://finance.aol.com/quotes/advance-auto-parts-inc/aap/nys">:AAP</a>) will benefit from the slowdown in car sales and started shares with a Buy rating and $35 target. <br /></li>
    <li>After <a href="http://finance.aol.com/quotes/sunway-global-inc/suwg/nab">Sunway</a> (OTCBB:<a href="http://finance.aol.com/quotes/sunway-global-inc/suwg/nab">SUWG</a>) reported higher than expected revenue, Roth Capital thinks the company is poised for substantial growth, but the firm thinks its remaining warrants may keep the shares trading at a modest valuation for a significant amount of time. The firm started shares with a Hold rating and $3.60 target.</li>
    <li><a href="http://finance.aol.com/quotes/mechel-oao/mtl/nys">Mechel Steel</a> (NYSE<a href="http://finance.aol.com/quotes/mechel-oao/mtl/nys">:MT</a>L) was initiated with a Neutral rating at Merrill Lynch. <br /></li>
    <li><a href="http://finance.aol.com/quotes/china-life-insurance-company-limited/lfc/nys">China Life Insurance </a>(NYSE:<a href="http://finance.aol.com/quotes/china-life-insurance-company-limited/lfc/nys">LFC</a>) was assumed with a Buy rating at UBS. <br /></li>
    <li><a href="http://finance.aol.com/quotes/gap-inc-del/gps/nys">Gap</a> (NYSE:<a href="http://finance.aol.com/quotes/gap-inc-del/gps/nys">GPS</a>) was started at Cowen with a Neutral rating.</li>
</ul><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/11/17/analyst-upgrades-downgrades-and-initiations-mcd-nok-dis-dell/">Analyst upgrades, downgrades and initiations: MCD,NOK, DIS, DELL, AA, </a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Mon, 17 Nov 2008 12:42:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/11/17/analyst-upgrades-downgrades-and-initiations-mcd-nok-dis-dell/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1374444/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/11/17/analyst-upgrades-downgrades-and-initiations-mcd-nok-dis-dell/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>aa</category><category>aap</category><category>altr</category><category>analyst initiations</category><category>analyst upgrades</category><category>analystdowngrades</category><category>AnalystInitiations</category><category>AnalystUpgrades</category><category>azo</category><category>cts</category><category>dell</category><category>dis</category><category>gps</category><category>hpt</category><category>inthenews</category><category>lfc</category><category>mcd</category><category>mdc</category><category>mtl</category><category>nok</category><category>prxl</category><category>sap</category><category>suwg</category><category>tscdy</category><category>ucbh</category><dc:creator><![CDATA[Eric Buscemi]]></dc:creator><pubDate>Mon, 17 Nov 2008 12:42:00 EST</pubDate></item><item><title><![CDATA[Cramer's playbook for an extreme bearish situation ... just in case]]></title><link>http://www.bloggingstocks.com/2007/07/30/cramers-playbook-for-an-extreme-bearish-situation-just-in-cas/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2007/07/30/cramers-playbook-for-an-extreme-bearish-situation-just-in-cas/</guid><comments>http://www.bloggingstocks.com/2007/07/30/cramers-playbook-for-an-extreme-bearish-situation-just-in-cas/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/analyst-reports/" rel="tag">Analyst Reports</a>, <a href="http://www.bloggingstocks.com/category/cfc/" rel="tag">Countrywide Financial (CFC)</a>, <a href="http://www.bloggingstocks.com/category/bsc/" rel="tag">Bear Stearns Cos (BSC)</a></p>On tonight's MAD MONEY on CNBC, Jim Cramer outlined what he sees as the worst case scenario for stocks. He said he isn't of the mindset that this will happen, but he wants you to know what to do in a gloom &amp; doom scenario, and what the doomsday guys are using for their ammo to spook the market.<br /><br />The 3 groups in trouble are home builders, banks and mortgage brokers, and brokerage firm stocks. Here are the 'worst case scenarios' out there:<br /><br />Home builders are a total mess, and the only one he thinks isn't a disaster is <a href="http://finance.aol.com/quotes/m-d-c-holdings-inc/mdc/nys">MDC Holdings</a> (NYSE: <a href="http://finance.aol.com/quotes/m-d-c-holdings-inc/mdc/nys">MDC</a>). He even thinks some home builders could go under. South Florida, Phoenix, California are all in trouble and way overbuilt.<br /><br /><a href="http://finance.aol.com/quotes/countrywide-financial-corporation/cfc/nys?tabs=quotesandnews">Countrywide Financial Corp.</a> (NYSE: <a href="http://finance.aol.com/quotes/countrywide-financial-corporation/cfc/nys?tabs=quotesandnews">CFC</a>) is the only good lender out there and is at least honest about exposure and how bad some of it is. The worst case is that 50% of home buyers could walk away. Cramer reminds us that he doesn't really think that will happen, but that is the worst case scenario.<em /><p><a href="http://www.bloggingstocks.com/2007/07/30/cramers-playbook-for-an-extreme-bearish-situation-just-in-cas/" rel="bookmark">Continue reading <em>Cramer's playbook for an extreme bearish situation ... just in case</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2007/07/30/cramers-playbook-for-an-extreme-bearish-situation-just-in-cas/">Cramer's playbook for an extreme bearish situation ... just in case</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Mon, 30 Jul 2007 19:50:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2007/07/30/cramers-playbook-for-an-extreme-bearish-situation-just-in-cas/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/953887/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2007/07/30/cramers-playbook-for-an-extreme-bearish-situation-just-in-cas/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>Bear Stearns</category><category>BearStearns</category><category>BSC</category><category>CFC</category><category>CountryWide</category><category>Cramer</category><category>inthenews</category><category>MDC</category><dc:creator><![CDATA[Jon Ogg]]></dc:creator><pubDate>Mon, 30 Jul 2007 19:50:00 EST</pubDate></item><item><title><![CDATA[Follow homebuilding numbers this week]]></title><link>http://www.bloggingstocks.com/2007/07/23/follow-homebuilding-numbers-this-week/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2007/07/23/follow-homebuilding-numbers-this-week/</guid><comments>http://www.bloggingstocks.com/2007/07/23/follow-homebuilding-numbers-this-week/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/columns/" rel="tag">Columns</a>, <a href="http://www.bloggingstocks.com/category/options/" rel="tag">Options</a>, <a href="http://www.bloggingstocks.com/category/economic-data/" rel="tag">Economic Data</a>, <a href="http://www.bloggingstocks.com/category/housing/" rel="tag">Housing</a></p>This week is a very big week for housing stocks. Wednesday, Wall Street will hear the home sales report from the National Association of Realtors. <a href="http://money.aol.com/news/articles/_a/wall-street-eyes-home-sales-reports/n20070722151109990003">According to the AP</a>, the street is looking for 5.85 million homes resold in June versus 5.99 million resales in May. On Thursday, the Commerce Department will report new home sales. Again, the consensus is looking for a decline from May's figures.<br /><br />I think that the subprime blow-up alongside falling real estate prices has forced the market to become very cautious in these names, and rightfully so. The uncertainty in earnings and book value writedowns to come has resulted in a situation where the risk may already be priced in. As a result, I tend to believe that any bad news from either numbers report is already priced in, and the stocks won't get killed if the numbers are ugly. But the entire sector will probably move very strongly if either of the numbers come in above consensus.<br /><br />Traders might be interested in playing this number by picking up calls in their favorite home building stocks or a home building ETF. Keep in mind, superstar hedge fund Moore Capital owns <a href="http://finance.aol.com/quotes/beazer-homes-usa-inc/bzh/nys?tabs=quotesandnews">Beazer Homes</a> (NYSE: <a href="http://finance.aol.com/quotes/beazer-homes-usa-inc/bzh/nys?tabs=quotesandnews">BZH</a>) while Monish Pabrai and Greenlight Capital own <a href="http://finance.aol.com/quotes/m-d-c-holdings-inc/mdc/nys?tabs=quotesandnews">MDC Holdings</a> (NYSE: <a href="http://finance.aol.com/quotes/m-d-c-holdings-inc/mdc/nys?tabs=quotesandnews">MDC</a>). If you don't like any particular home builder, but believe in the priced-in thesis, you could pick up the <a href="http://finance.aol.com/quotes/spdr-homebuilders-etf/xhb/ase">Streettracks Home building ETF</a> (AMEX: <a href="http://finance.aol.com/quotes/spdr-homebuilders-etf/xhb/ase">XHB</a>). Best case (a good number from either report), the options will probably move rather significantly, worst case (two bad reports) I don't think they will get hit too hard.<p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2007/07/23/follow-homebuilding-numbers-this-week/">Follow homebuilding numbers this week</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Mon, 23 Jul 2007 07:00:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://money.aol.com/news/articles/_a/wall-street-eyes-home-sales-reports/n20070722151109990003>Read</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2007/07/23/follow-homebuilding-numbers-this-week/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/946629/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2007/07/23/follow-homebuilding-numbers-this-week/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>Beazer</category><category>BZH</category><category>home builders</category><category>HomeBuilders</category><category>housing</category><category>MDC</category><category>Monish Pabrai</category><category>MonishPabrai</category><category>real estate</category><category>RealEstate</category><dc:creator><![CDATA[Kevin Kelly]]></dc:creator><pubDate>Mon, 23 Jul 2007 07:00:00 EST</pubDate></item><item><title><![CDATA[Piggyback investing: Greenlight Capital]]></title><link>http://www.bloggingstocks.com/2007/07/16/piggyback-investing-greenlight-capital/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2007/07/16/piggyback-investing-greenlight-capital/</guid><comments>http://www.bloggingstocks.com/2007/07/16/piggyback-investing-greenlight-capital/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/msft/" rel="tag">Microsoft (MSFT)</a>, <a href="http://www.bloggingstocks.com/category/ge/" rel="tag">General Electric (GE)</a>, <a href="http://www.bloggingstocks.com/category/columns/" rel="tag">Columns</a></p><a href="http://stockpickr.com/port/Greenlight-Capital-David-Einhorn/">Greenlight Capital</a> is a very interesting and successful hedge fund ran by value investing superstar David Einhorn. The fund has annualized returns at 27% per year for the last 10 years. Einhorn's investment style is especially interesting because he is not afraid to make large, focused bets and because he specializes in special situations, specifically spinoffs.<br /><br /> <a href="http://www.focusinvestor.com/">Focus investing</a> is a concept which has recently seen a resurgence due to the success of Mohnish Pabrai and many other focused hedge funds such as Greenlight. As I recently covered <a href="http://www.bloggingstocks.com/2007/07/14/too-busy-to-track-spin-offs-pick-up-csd/">here</a>, spinoff investing is a compelling method of investing which I consider to allow for "structural undervaluation." <br /><br />Interestingly, Einhorn isn't a one horse pony when it comes to investing. He's also a very talented poker player. In fact, he <a href="http://www.bloomberg.com/apps/news?pid=20601103&amp;sid=aeA.nurinprA&amp;refer=us">came in</a> 18th (of 8,773) in the 2006 World Series of Poker for which he took home almost $660,000. This is pertinent because many people believe there is a correlation between excelling in trading/investing and doing well in poker.<p><a href="http://www.bloggingstocks.com/2007/07/16/piggyback-investing-greenlight-capital/" rel="bookmark">Continue reading <em>Piggyback investing: Greenlight Capital</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2007/07/16/piggyback-investing-greenlight-capital/">Piggyback investing: Greenlight Capital</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Mon, 16 Jul 2007 16:40:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.bloggingstocks.com/2007/07/14/too-busy-to-track-spin-offs-pick-up-csd/>Read</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2007/07/16/piggyback-investing-greenlight-capital/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/941280/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2007/07/16/piggyback-investing-greenlight-capital/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>David Einhorn</category><category>DavidEinhorn</category><category>GE</category><category>GNW</category><category>Greenlight Capital</category><category>GreenlightCapital</category><category>HOVLX</category><category>MDC</category><category>Mohnish Pabrai</category><category>MohnishPabrai</category><category>MSFT</category><dc:creator><![CDATA[Kevin Kelly]]></dc:creator><pubDate>Mon, 16 Jul 2007 16:40:00 EST</pubDate></item><item><title><![CDATA[Analyst upgrades 1-23-07: Under Armor stands tall]]></title><link>http://www.bloggingstocks.com/2007/01/23/analyst-upgrades1-23-07-under-armor-stands-tall/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2007/01/23/analyst-upgrades1-23-07-under-armor-stands-tall/</guid><comments>http://www.bloggingstocks.com/2007/01/23/analyst-upgrades1-23-07-under-armor-stands-tall/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/before-the-bell/" rel="tag">Before the Bell</a>, <a href="http://www.bloggingstocks.com/category/analyst-upgrades-and-downgrades/" rel="tag">Analyst Upgrades and Downgrades</a>, <a href="http://www.bloggingstocks.com/category/good-news/" rel="tag">Good news</a>, <a href="http://www.bloggingstocks.com/category/dhi/" rel="tag">D.R.Horton (DHI)</a>, <a href="http://www.bloggingstocks.com/category/tol/" rel="tag">Toll Brothers (TOL)</a>, <a href="http://www.bloggingstocks.com/category/ua/" rel="tag">Under Armour'A' (UA)</a>, <a href="http://www.bloggingstocks.com/category/cah/" rel="tag">Cardinal Health (CAH)</a>, <a href="http://www.bloggingstocks.com/category/urbn/" rel="tag">Urban Outfitters (URBN)</a>, <a href="http://www.bloggingstocks.com/category/vg/" rel="tag">Vonage Holdings (VG)</a></p><span style="font-weight: bold;"><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2007/01/aol-fly-logo.gif" alt="" /></a>MOST NOTEWORTHY:</span> Under Armor Inc (NYSE: <a href="http://finance.aol.com/quotes/under-armour-inc-cl-a/ua/nys">UA</a>) and Cardinal Health Inc (NYSE: <a href="http://finance.aol.com/quotes/cardinal-health-inc/cah/nys?tabs=quotesandnews">CAH</a>) are today's most notable upgrades: <br />
<ul>
    <li>Credit Suisse upgraded <span style="font-weight: bold;">Under Armor Inc</span> (NYSE: UA) to Outperform from Neutral with a $65 target and believes that the company is emerging as one of the premier global athletic brands. </li>
</ul>
<ul>
    <li>JMP Securities upgraded shares of <span style="font-weight: bold;">Cardinal Health Inc</span> (NYSE: CAH) to Outperform from Market Perform to reflect their expectation for accelerated earnings growth over the next three years. </li>
</ul>
<br style="font-weight: bold;" /><span style="font-weight: bold;">OTHER UPGRADES: </span><br />
<ul>
    <li>Friedman, Billings upgraded shares of <span style="font-weight: bold;">Urban Outfitters Inc </span>(NASDAQ: <a href="http://finance.aol.com/quotes/urban-outfitters-inc/urbn/nas?tabs=quotesandnews">URBN</a>) to Outperform from Market Perform to reflect positive momentum in URBN's core division, inventory control and easy upcoming comps. </li>
</ul>
<ul>
    <li>Stanford upgraded shares of <span style="font-weight: bold;">Vonage Holdings </span>(NYSE: <a href="http://finance.aol.com/quotes/vonage-holdings-corp/vg/nys?tabs=quotesandnews">VG</a>) to Hold from Sell on valuation. </li>
</ul>
<ul>
    <li>Goldman Sachs upgraded the <span style="font-weight: bold;">US Homebuilding Sector </span>to Neutral from Sell saying the worst may be behind the group, but fundamentals remain troubling. The analyst said the next meaningful data will be from the Spring selling season, 6-8 weeks away.</li>
    <ul>
        <li>Goldman upgraded <span style="font-weight: bold;">D.R. Horton Inc </span>(NYSE: <a href="http://finance.aol.com/quotes/d-r-horton-inc/dhi/nys?tabs=quotesandnews">DHI</a>), <span style="font-weight: bold;">MDC Holdings Inc </span>(NYSE: <a href="http://finance.aol.com/quotes/m-d-c-holdings-inc/mdc/nys?tabs=quotesandnews">MDC</a>) &amp;<span style="font-weight: bold;"> Toll Brothers Inc</span> (NYSE: <a href="http://finance.aol.com/quotes/toll-brothers-inc/tol/nys?tabs=quotesandnews">TOL</a>) to Buy from Neutral due to lower-risk at this point in the cycle. <span style="font-weight: bold;">The Ryland Group Inc</span> (NYSE: <a href="http://finance.aol.com/quotes/the-ryland-group-inc/ryl/nys?tabs=quotesandnews">RYL</a>) was upgraded to Neutral from Sell. </li>
    </ul>
</ul>
Analyst summaries provided by <a href="http://www.theflyonthewall.com/splashPage.php?source=AOL">TheFlyOnTheWall.com </a>(subscription required).<p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2007/01/23/analyst-upgrades1-23-07-under-armor-stands-tall/">Analyst upgrades 1-23-07: Under Armor stands tall</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Tue, 23 Jan 2007 11:23:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2007/01/23/analyst-upgrades1-23-07-under-armor-stands-tall/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/741002/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2007/01/23/analyst-upgrades1-23-07-under-armor-stands-tall/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>analyst</category><category>cah</category><category>cardinal health</category><category>CardinalHealth</category><category>dhi</category><category>homebuilding</category><category>horton</category><category>mdc</category><category>MDC Holdings</category><category>MdcHoldings</category><category>rating change</category><category>RatingChange</category><category>ratings</category><category>ryl</category><category>ryland</category><category>theflyonthewall.com</category><category>tol</category><category>Toll Bros</category><category>TollBros</category><category>ua</category><category>under armor</category><category>UnderArmor</category><category>urban outfitters</category><category>UrbanOutfitters</category><category>urbn</category><category>vg</category><category>vonage</category><dc:creator><![CDATA[Kevin Shult]]></dc:creator><pubDate>Tue, 23 Jan 2007 11:23:00 EST</pubDate></item><item><title><![CDATA[Housing: To go long or to go short?]]></title><link>http://www.bloggingstocks.com/2007/01/04/housing-to-go-long-or-to-go-short/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2007/01/04/housing-to-go-long-or-to-go-short/</guid><comments>http://www.bloggingstocks.com/2007/01/04/housing-to-go-long-or-to-go-short/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/industry/" rel="tag">Industry</a>, <a href="http://www.bloggingstocks.com/category/ctx/" rel="tag">Centex Corp (CTX)</a>, <a href="http://www.bloggingstocks.com/category/dhi/" rel="tag">D.R.Horton (DHI)</a>, <a href="http://www.bloggingstocks.com/category/kbh/" rel="tag">KB HOME (KBH)</a>, <a href="http://www.bloggingstocks.com/category/len/" rel="tag">Lennar Corp'A' (LEN)</a></p><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL"><img vspace="4" hspace="4" border="1" align="right" alt="" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2007/01/flywall_final_logo_mini.gif" /></a>Bill Miller, the famed Legg Mason fund manager, was on television last week. He said he is long on housing stocks.<br /><br />In Barron's <a href="http://online.barrons.com/article/SB116744038394263068.html?mod=9_0031_b_this_weeks_magazine_columns">Up and Down Wall Street</a> column (subscription required), Doug Kass of Seabreeze Partners said he was short housing stocks - no big surprise there. Kass referred to order cancellation as the reasoning for his bearishness.<br /><br />Typically, publicly traded homebuilders have cancellation rates of 15% of orders. However, that number has jumped considerably. Cancellation rates of publicly traded homebuilders:<br />
<ul>
    <li>Centex (NYSE: <a href="http://finance.aol.com/quotes/centex-corporation/ctx/nys?from=lookup">CTX</a>) - 37%</li>
    <li>DR Horton (NYSE: <a href="http://finance.aol.com/quotes/d-r-horton-inc/dhi/nys?from=lookup">DHI</a>) - 40%</li>
    <li>KB Homes (NYSE: <a href="http://finance.aol.com/quotes/kb-home/kbh/nys?tabs=quotesandnews">KBH</a>) - 53%</li>
    <li>Lennar (NYSE: <a href="http://finance.aol.com/quotes/lennar-corporation/len/nys?tabs=quotesandnews">LEN</a>) - 31%</li>
    <li>Pulte Homes (NYSE: <a href="http://finance.aol.com/quotes/pulte-homes-inc/phm/nys?from=lookup">PHM</a>) - 36%</li>
    <li>Beazer (NYSE: <a href="http://finance.aol.com/quotes/beazer-homes-usa-inc/bzh/nys?tabs=quotesandnews">BZH</a>) - 57%</li>
    <li>Hovnanian (NYSE: <a href="http://finance.aol.com/quotes/hovnanian-enterprises-inc-cl-a/hov/nys">HOV</a>) - 35%</li>
    <li>MDC Holdings (NYSE: <a href="http://finance.aol.com/quotes/m-d-c-holdings-inc/mdc/nys?tabs=quotesandnews">MDC</a>) - 49%</li>
    <li>Standard Pacific (NYSE: <a href="http://finance.aol.com/quotes/standard-pacific-corp/spf/nys?from=lookup">SPF</a>) - 50%</li>
</ul>
These numbers (from the Barron's article) are so bad that the worst might be unfolding right now.<br /><br />TheFly's advice, Miller tends to be too early and Kass is often too negative when the worst is already priced in the stocks. I'd say, start following these stocks again, expecting a bottom in the spring and early summer.<br /><br />The most recent rally is mostly from an oversold condition. I'd wait for another correction and see where the industry fundamentals stand.<p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2007/01/04/housing-to-go-long-or-to-go-short/">Housing: To go long or to go short?</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Thu, 04 Jan 2007 10:01:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://online.barrons.com/article/SB116744038394263068.html?mod=9_0031_b_this_weeks_magazine_columns>Read</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2007/01/04/housing-to-go-long-or-to-go-short/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/729015/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2007/01/04/housing-to-go-long-or-to-go-short/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>barron's</category><category>barrons</category><category>beazer</category><category>bill miller</category><category>BillMiller</category><category>bzh</category><category>centex</category><category>ctx</category><category>dhi</category><category>doug kass</category><category>DougKass</category><category>dr horton</category><category>DrHorton</category><category>housing</category><category>housing market</category><category>HousingMarket</category><category>hov</category><category>hovnanian</category><category>kb homes</category><category>kbh</category><category>KbHomes</category><category>len</category><category>lennar</category><category>mdc</category><category>mdc holdings</category><category>MdcHoldings</category><category>phm</category><category>pulte homes</category><category>PulteHomes</category><category>spf</category><category>standard pacific</category><category>StandardPacific</category><category>up and down wall street</category><category>UpAndDownWallStreet</category><dc:creator><![CDATA[Eric Buscemi]]></dc:creator><pubDate>Thu, 04 Jan 2007 10:01:00 EST</pubDate></item></channel></rss>
