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U.S. Stock Futures Flat as China's Central Bank Raises Interest Rates

U.S. stock futures are flat Tuesday morning after China's central bank raised interest rates. Futures on the Dow Jones Industrial Average rose 5 points to 12,113.00, and S&P 500 futures dropped 0.20 point to 1,315.60. Nasdaq 100 futures gained 0.50 point to 2,345.50.

U.S. stocks closed higher Monday, with the Dow gaining 0.57% to end the day at 12,162.

The NFIB index of small business optimism for January is due at 7:30 a.m. ET.

Continue reading U.S. Stock Futures Flat as China's Central Bank Raises Interest Rates

Week in Preview: Coca-Cola, Disney and Hasbro Earnings

earnings expectationsThings look to be pretty quiet on the economic calendar this week. Here are the highlights:

  • Tuesday: Weekly chain-store sales
  • Wednesday: Federal budget balance for January
  • Thursday: Wholesale trade data in December
  • Friday: Trade balance in December and the weekly inflation survey

However, three iconic companies -- Walt Disney (DIS), Coca-Cola (KO) and Hasbro (HAS) -- highlight this week's quarterly results. Here's a look at what analysts surveyed by Thomson Reuters are anticipating from these and others.

Continue reading Week in Preview: Coca-Cola, Disney and Hasbro Earnings

Analyst Calls: AEO, ARG, AXP, FISV, HAL, HBAN, HOLX, ITMN, MFE, PXC ...

Analyst Upgrades

  • InterMune (ITMN) to outperform from neutral at RW Baird.
  • Huntington Bancshares (HBAN) to buy from neutral at BofA/Merill.
  • Halliburton (HAL), Cloud Peak Energy (CLD), Patriot Coal (PCX) and Consol Energy (CNX) to outperform from market perform at FBR Capital.
  • Post Properties (PPS) to equal weight from underweight at Barclays.
  • Airgas (ARG) to overweight from neutral at Piper Jaffray.
  • Hologic (HOLX) to top pick from sector perform and Sunesis Pharma (SNSS) to outperform from sector perform at RBC Capital.

Continue reading Analyst Calls: AEO, ARG, AXP, FISV, HAL, HBAN, HOLX, ITMN, MFE, PXC ...

Intel Reports Q3 Results

Intel Corporation (INTC) is a stock that looks cheap. But the one-year chart isn't so encouraging for investors. In August, I wrote a piece that was, at best, extremely hesitant on the short-term prospects for the equity. Long-term, I'm certainly more bullish; how can you not be on a business like Intel, right?

The shares closed today's regular session at $19.76, which represented a gain of about 1%. The 52-week low for the stock is $17.60, while the 52-week high is $24.37. I'd say that places the market more on the bearish side of the aisle. But the company just reported earnings for the third quarter. What do they tell us about the situation?

Continue reading Intel Reports Q3 Results

Analyst Calls: AZN, BYI, CCL, ENDP, JCG, MFE, MGM, PLCE, RRC, WYNN ...

Analyst Upgrades

  • Citigroup upgraded Endo Pharmaceuticals (ENDP) to buy from hold and raised its price target for shares to $40 from $28 following the company's acquisition of Qualitest. The firm believes the deal makes financial and strategic sense. Shares were also upgraded to outperform from perform at Oppenheimer with a $40 price target following the company's acquisition of Qualitest. The firm views the deal as potentially transformative for Endo.
  • Goldman upgraded Carnival (CCL) to buy from neutral, citing low supply growth and cost-cutting measures. The firm also raised its price target to $44 from $36.
  • Needham upgraded Jabil Circuit (JBL) to strong buy from buy with a $23 target.
  • Siliconware Precision (SPIL), United Microelectronic (UMC) and Advanced Semiconductor (ASX) were upgraded to buy from underperform at BofA/Merrill.
  • Check Point (CHKP) was upgraded to overweight from equal weight at Morgan Stanley.
  • Raymond James (RJF) was upgraded to buy from neutral at Ticonderoga.

Continue reading Analyst Calls: AZN, BYI, CCL, ENDP, JCG, MFE, MGM, PLCE, RRC, WYNN ...

Analyst Calls: ACOR, CHKM, CPB, ENV, GDOT, GR, GSK, MFE, NOK, OXY, PXD, SI ...

Analyst Upgrades

  • FBR Capital upgraded Pioneer Natural (PXD) to outperform from market perform and raised its price target for shares to $85 from $60. The firm upgraded shares on expectations that returns from the company's Spraberry field will increase materially.
  • Baird upgraded Acroda Therapeutics (ACOR) to outperform from neutral based on valuation and a new survey that indicates a strong uptake for Ampyra and improvements on the reimbursement front. The firm has a $40 target on the stock.
  • Morgan Stanley upgraded Nokia (NOK) to overweight from underweight based on checks that indicate strong orders and less than expected discounting for its upcoming N8 smartphone.
  • GlaxoSmithKline (GSK) and British American Tobacco (BTI) were upgraded to buy from neutral at BofA/Merrill.
  • Quality Systems (QSII) was upgraded to outperform from market perform at William Blair.
  • Siemens (SI) was upgraded to buy from neutral at UBS.

Continue reading Analyst Calls: ACOR, CHKM, CPB, ENV, GDOT, GR, GSK, MFE, NOK, OXY, PXD, SI ...

Analyst Calls: AEO, BKC, BKE, GRA, KSP, MFE, PSS, TTWO, VPRT ...

Analyst Upgrades

  • Hudson Square upgraded Take-Two (TTWO) to buy from hold, citing the better-than-expected Q3 report and increased guidance.
  • Keybanc upgraded The Buckle (BKE) to hold from underweight given the potential for a special dividend in the near term.
  • Stifel Nicolaus upgraded K-Sea Transportation (KSP) to hold from sell, citing KA First Reserve's $100M equity investment.
  • Gold Fields (GFI) was upgraded to overweight from equal weight at Morgan Stanley.
  • James Hardie NV (JHX) was upgraded to neutral from reduce at Nomura.

Continue reading Analyst Calls: AEO, BKC, BKE, GRA, KSP, MFE, PSS, TTWO, VPRT ...

Intel: Should You Be a Bull or a Bear on the Stock?

Intel (INTC) logoLet's be honest: it's getting hard to remain bullish on Intel Corporation (INTC). I've been pretty positive on the company so far this year. But we all know how Wall Street can play havoc with the emotions. No matter whether you're a long-term investor or a short-term trader, price action can shake you up.

The chip maker's recent price action has been terrible. Even worse, the fundamentals have to be questioned as well. According to this source, third-quarter guidance took a hit.

Continue reading Intel: Should You Be a Bull or a Bear on the Stock?

Intel's Buy of McAfee: Unexpected, but Pleasant

There's a downside and an upside to news regarding Intel's (INTC) $48-per-share successful effort to acquire McAfee (MFE), first discussed here on July 5, 2009 at a price of $40.82.

Boosted by likely FY2010/FY2011 EPS of $2.57 to $2.85, McAfee probably would have re-tested $45 later this year, assuming the U.S. economic recovery remained intact, then took on the $50 hurdle in 2011.

Continue reading Intel's Buy of McAfee: Unexpected, but Pleasant

Analyst Calls: GLW, KSU, LYG, MFE, MWV, RIMM, RSG, RY, SRCL, SYMC ...

Analyst Upgrades

  • Goldman upgraded Republic Services (RSG) to buy from neutral and raised its price target to $34 from $32. The firm cites valuation for the upgrade.
  • Deutsche Bank upgraded MeadWestvaco (MWV) to buy from hold due to valuation and keeps a $29 price target for shares.
  • UBS upgraded Symantec (SYMC) to buy from neutral.
  • Lloyds Banking (LYG) upgraded to add from neutral at WestLB.
  • Ternium (TX) was upgraded to overweight from equal weight at Barclays.

Continue reading Analyst Calls: GLW, KSU, LYG, MFE, MWV, RIMM, RSG, RY, SRCL, SYMC ...

Intel to Purchase McAfee

McAfee (MFE) logoBit of a surprise in the tech sector Thursday morning, as Intel (INTC) announced that it will purchase Internet-security firm McAfee (MFE) for the tidy sum of $7.68 billion.

This move comes as a bit of a surprise, as some analysts and investors believe the acquisition shows the importance that computing firms are applying to security. Intel noted that more "elements of our lives have moved online," meaning that security will become a "third pillar of what people demand from all computing experiences." Intel said that the deal "elevates focus on security on par with energy-efficient performance and connectivity." Bottom line: Intel wants to protect customers who are taking advantage of our new online lifestyle.

Continue reading Intel to Purchase McAfee

Closing Bell: Slow Growth, Still Growth (MFE, SYMC, TNAV, ALU, K, BRK-A, RIMM, MRK)

A reading of +2.4% GDP is still growth. It is just not very robust growth. It is also as the argument continues of whether the U.S. is headed for a double-dip recession or just a period of slower growth. PIMCO's Bill Gross calls it a long protracted period of slow growth. Today was lighter than normal on the earnings news, and the final verdict over a green or red ticker at the close was not clear until the final minutes today.

Here were the unofficial closing bell levels:

Dow Jones 10,465.94 -1.22 (-0.01%)
S&P 500 1,101.59 +0.06 (0.01%)
Nasdaq 2,254.70 +3.01 (0.13%)

Top Analyst Calls

Continue reading Closing Bell: Slow Growth, Still Growth (MFE, SYMC, TNAV, ALU, K, BRK-A, RIMM, MRK)

Analyst Calls: BA, MOT, AOL, AMZN, JNPR, IBM, LMT, PCLN, MFE

Analyst upgrades:
  • Citigroup assumed coverage of Boeing (BA) and upgraded the stock to Buy from Hold due to its positive view on the aerospace cycle and valuation. The firm raised its target for shares to $80 from $73.
  • Morgan Stanley upgraded Motorola (MOT) to Overweight from Underweight citing expectations for higher handset margins driven by Android. The analyst raised Android unit shipping estimates and earnings estimates. The firm raised its price target on shares to $9.75 from $8.75.
  • Susquehanna upgraded SINA Corporation (SINA) to Positive from Neutral and has a $50 target on the stock. The firm said Sina'a Twitter like service called 'Sina Weibo' has seen exponential growth and will crate huge value for the company.
  • AOL (AOL) was upgraded to Neutral from Underperform at Credit Suisse.
  • Frontier Communications (FTR) was upgraded to Sector Perform from Underperform at RBC Capital and to Buy from Hold at Hudson Square.
  • Canadian Solar (CSIQ) was upgraded to Outperform from Market Perform at Wells Fargo.

Continue reading Analyst Calls: BA, MOT, AOL, AMZN, JNPR, IBM, LMT, PCLN, MFE

Technology Favorites: Cisco (CSCO), IBM (IBM) and McAfee (MFE)

"Technology stocks are outperforming the broader market and should lead the next rally," says Elliott Gue and Yiannis Mostrous. co-editors to Personal Finance newsletter. Here, they look at three favorite technology stocks: Cisco Systems (CSCO), IBM (IBM) and McAfee (MFE).

They explains, "Global Internet traffic is projected to grow 40 to 50 percent annually for the foreseeable future. According to Cisco, wireless data traffic is growing at an annualized rate of more than 130 percent, solid fundamentals.

"In the first quarter, 82 percent of S&P 500 companies beat earnings estimates, whereas 90 percent of the index's technology names though it accounts for less than 1 percent of total traffic.

Continue reading Technology Favorites: Cisco (CSCO), IBM (IBM) and McAfee (MFE)

McAfee Continues to Meander

The stock of McAfee Inc. (MFE), first discussed here on July 5, 2009 at a price of $40.82, continues to exhibit sideways action, but I still like the shares. Here's why:

Look for McAfee's revenue to increase 10% to 15% in 2010, as the slow recovery in IT spending continues. Further, companies have delayed upgrading their IT networks for an extended period, hence this should serve as a decent tailwind for MFE in the second half of 2010. Of course, there are no guarantees.

The company also has ample room to increase market share in key markets, and margins should also inch higher in 2010. The First Call FY2010/FY2011 EPS estimates for MFE are $2.70 to $3.01.

Continue reading McAfee Continues to Meander

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Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 01:06 AM

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