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Options Update: Hecla Mining trending higher with rising precious metal prices

Hecla Mining (HL) closed at $6.28. Gold is recently down 0.66% to 1133.70 according to Bloomberg. Hecla Mining December and January option implied volatility of 80 is near its 26-week average of 82 according to Track Data, suggesting non-directional price movement.

Monster Worldwide (MWW) closed at $16.29. MWW December option implied volatility is at 60, January is at 57; versus its 26-week average of 57. Options were active on November 18 on volume of 56,606 contracts according to Track Data. Average daily volume is 12,750 contracts according to IVolatility.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Analyst upgrades, downgrades and initiations: ADBE, AZO, EBAY, GS, NOC, WFC ...

Analyst upgrades:

  • Deutsche Bank upgraded Clorox (NYSE: CLX) to Buy from Hold on valuation and believes upside to earnings forecasts is likely. The firm raised its target on shares to $66 from $65.
  • Kaufman Bros. upgraded eBay (NASDAQ: EBAY) to Buy from Hold on expectations improved Marketplace fundamentals will serve as a positive catalyst for shares. The firm raised its price target on the stock to $29 from $22.
  • Roth Capital believes Zumiez (NASDAQ: ZUMZ) is well positioned for improved results and margins. The firm, which upgraded shares to Buy from Hold and raised its target to $22 from $16, said September back-to-school results bode well for the holiday season and demonstrate that Zumiez can drive conversion during peak shopping periods.
  • Northrop Grumman (NYSE: NOC) was upgraded to Sell from Conviction Sell at Goldman.
  • Adobe (NASDAQ: ADBE) was upgraded to Outperform from Neutral at Baird.
  • Monster Worldwide (NYSE: MWW) was upgraded to Overweight from Neutral at JPMorgan.

Continue reading Analyst upgrades, downgrades and initiations: ADBE, AZO, EBAY, GS, NOC, WFC ...

Analyst upgrades, downgrades and initiations: AAPL, BAC, FSLR, MWW ...

Analyst upgrades:

  • Morgan Stanley upgraded shares of Apple (NASDAQ: AAPL) to Overweight from Equal Weight on expectations of continued iPhone growth. The firm raised its target on the stock to $180 from $105.
  • FBR Capital upgraded Bank of America (NYSE: BAC) to Market Perform from Underperform as it sees limited downside with half of the company's capital plan completed. The firm keeps a $12 target on the stock.
  • Jefferies upgraded Cash America (NYSE: CSH) to Buy from Hold to reflect a strengthened balance sheet following the capital raise and easing regulatory risk. The firm raised its target price to $30 from $22.
  • Ericsson (NASDAQ: ERIC) was upgraded to Outperform from Market Perform at Bernstein.
  • MB Financial (NASDAQ: MBFI) was raised to Outperform from Neutral at Baird.
  • Pinnacle West (NYSE: PNW) was upgraded at Credit Suisse to Outperform from Neutral.

Continue reading Analyst upgrades, downgrades and initiations: AAPL, BAC, FSLR, MWW ...

Monster's fourth quarter whimper

Not to miss out on a national ad opportunity, Monster Worldwide Inc. (NYSE: MWW) will play two commercials on Super Sunday. One has a feel-good theme and another is an attempt to get users to the site.

But, as for investors, there's not much to be festive about. In Q4, Monster's revenues fell 16% to $291 million. Net income fell 37% to $28.6 million, or $0.24 per share.

True, about 44% of revenues come from overseas. Unfortunately, the economic slowdown is also making waves in Europe and Asia.

Continue reading Monster's fourth quarter whimper

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 26, 2009: 04:49 PM

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