Nokia (NYSE: NOK) closed at $29.51 Monday.

Navteq (NSYE: NVT) agreed to be purchased by NOK on Oct. 1, 2007 for $78 cash ($7.6 billion). The European Commission is investigating the deal.

NOK June call option implied volatility of 30 and puts implied volatility of 35 is below its 26-week average of 40 according to Track Data, suggesting decreasing price risk.

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

Option Update: Nokia volatility decreases originally appeared on BloggingStocks on Tue, 29 Apr 2008 09:45:00 EST. Please see our terms for use of feeds.

Navteq (NYSE: NVT) closed at $69.70.

The European Commission said it opened an investigation into NOK's planned $8.1 billion buyout of NVT. NVT agreed to be purchased by Nokia (NYSE: NOK) on Oct. 1 for $78 cash.

NVT is a global provider of digital map data for location-based solutions and vehicle navigation. The EU has until August 8 to decide on the NOK-NVT deal according to the WSJ.

NVT overall option implied volatility 33 is above its 23-week average of 19 according to Track Data, suggesting larger price risk.

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

Option Update: Navteq volatility elevated into EC review originally appeared on BloggingStocks on Mon, 31 Mar 2008 10:43:00 EST. Please see our terms for use of feeds.

Garmin (GRMN) soars on Navteq (NVT) deal originally appeared on BloggingStocks on Fri, 16 Nov 2007 10:10:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Piper downgraded shares of Sierra Wireless (NASDAQ: SWIR) to Market Perform from Outperform to reflect increasing competition for the company's core businesses and longer term margin concerns. Based on comments from Qualcomm (NASDAQ: QCOM), Piper believes the new Gobi embedded solution is gaining more traction than previously anticipated.
  
• The firm also downgraded Navteq (NYSE: NVT) to Market Perform from Outperform as they believe the Nokia (NYSE: NOK) acquisition will close.
  
• Credit Suisse lowered its rating on Goldleaf Financial (NASDAQ: GFSI) to Market Perform from Outperform following its weak Q3 report and guidance.
  
• ABN Amro downgraded shares of Infineon (NYSE: IFX) to Hold from Buy as they believe the strength of the euro will hurt margins.
  
• VeriSign (NASDAQ: VRSN) was downgraded to Hold from Buy at Hambrecht to reflect the uncertainty surrounding the company's numerous divestitures as well as the execution risk.

• JP Morgan removed Pilgrim's Pride (NYSE: PPC) from its Focus List.
  
• Bear Stearns downgraded European Pharmaceuticals to Market Weight from Market Overweight.
  
• Wachovia downgraded AmeriGas Partners (NYSE: APU), Exelon (NYSE: EXC) and FPL Group (NYSE: FPL) to Market Perform from Outperform.

Analyst downgrades: SWIR, NVTI, GFSI, IFX and VRSN originally appeared on BloggingStocks on Thu, 15 Nov 2007 11:31:00 EST. Please see our terms for use of feeds.

Continue reading Cramer on BloggingStocks: What trends are in, what's out, to year-end

Cramer on BloggingStocks: What trends are in, what's out, to year-end originally appeared on BloggingStocks on Wed, 10 Oct 2007 09:00:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• CIBC downgraded shares of Toronto Dominion (NYSE: TD) to Sector Performer from Outperformer following the Commerce Bancorp (NYSE: CBH) acquisition, as they see integration risks and believes the deal will limit the company's ability to buyback stock.
  
• Cytec Industries (NYSE: CYT) was downgraded to Hold from Buy at Jefferies, as they believe near-term risks to demand and margins could bring a better entry point by 1H08. Target lowered to $75 from $79.
  
• Collins Stewart downgraded shares of Ceragon Networks (NASDAQ: CRNT) to Underperform from Buy on valuation and uncertainties surrounding the stock, which include the NEC infringement issue and increased competition.
  
• Micron Technology (NYSE: MU) was downgraded to Accumulate from Buy at ThinkEquity. The firm is cautious on the sustainability of PC related demand and questions component order levels relative to PC sell through.
  
• Banc of America downgraded shares of Navteq Corporation (NYSE: NVT) to Neutral from Buy following Nokia's (NOK) proposed buyout.

• JP Morgan downgraded Companhia Vale do Rio Doce (NYSE: RIO) to Neutral from Overweight.
  
• Goldman removed Johnson Controls (NYSE: JCI) from its Conviction Buy List.
  
• Citigroup downgraded GameStop Corp (NYSE: GME) to Hold from Buy.
  
• Friedman Billings downgraded Brookfield Asset Management (NYSE: BAM) to Neutral from Outperform.

Analyst downgrades: TD, CYT, CRNT, MU and NVT originally appeared on BloggingStocks on Wed, 03 Oct 2007 11:00:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Walgreen (NYSE: WAG) was downgraded to Neutral from Buy at Merrill and to Market Perform from Outperform following its weak Q4 report. Merrill sees limited upside following the worse-than-expected quarter.
  
• CBS Corporation (NYSE: CBS) was downgraded to Hold from Buy at Deutsche Bank to reflect the company's soft rating trends and poor local advertising growth.
  
• Banc of America downgraded shares of SL Green Realty (NYSE: SLG) and Brandywine Realty Trust (NYSE: BDN) to Neutral from Buy. The firm downgraded shares of SL Green to reflect their more cautious stance on the office sector and believes uncertainty over cap rates will limit share upside, and downgraded shares of Brandywine to reflect a lack of near-term catalysts and their more cautious stance on the office sector.
  
• Navteq Corporation (NYSE: NVT) was downgraded to Neutral from Buy at UBS and to Market Perform from Outperform at JMP Securities following its acquisition by Nokia Corporation (NYSE: NOK).

• Goldman Sachs removed Monsanto Company (NYSE: MON) from its Conviction Buy List.
  
• The firm downgraded Air Products & Chemicals (NYSE: APD) to Neutral from Buy and Valspar Corporation (NYSE: VAL) to Sell from Neutral.
  
• CIBC downgraded Axcan Pharma (NASDAQ: AXCA) to Sector Performer from Sector Outperformer.
  
• Humana Inc (NYSE: HUM) was downgraded to Neutral from Buy at Merrill.

Analyst downgrades: WAG, CBS, SLG, BDN and NVT originally appeared on BloggingStocks on Tue, 02 Oct 2007 11:00:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• JP Morgan upgraded shares of UBS (NYSE: UBS) to Neutral from Underweight as they believe the company can start fresh after yesterday's pre-announcement.
  
• Banc of America upgraded shares of ProLogis (NYSE: PLD) and AMB Property (NYSE: AMB) to Buy from Neutral to reflect their positive outlook on global industrial REITs and believes they are positioned to benefit from global demand for industrial space.
  
• Navteq Corporation (NYSE: NVT) was upgraded at Deutsche Bank to Hold from Sell to reflect the acquisition by Nokia Corporation (NYSE: NOK).
  
• Wachovia raised shares of PDL BioPharma Inc (NASDAQ: PDLI) to Outperform from Market Perform following the CEO resignation and potential sale of the company.

• Thor Industries (NYSE: THO) was upgraded to Buy from Gradually Accumulate at Soleil.
  
• Gabelli upgraded Hershey Company (NYSE: HSY) to Hold from Sell.
  
• Forest Laboratories (NYSE: FRX) was upgraded at Citigroup to Hold from Sell.
  
• Roth Capital upgraded Conexant Systems (NASDAQ: CNXT) to Hold from Sell.

Analyst upgrades: UBS, PLD, AMB, NVT and PDLI originally appeared on BloggingStocks on Tue, 02 Oct 2007 10:50:00 EST. Please see our terms for use of feeds.

Garmin (NASDAQ: GRMN) volatility elevated as competitor Navteq (NYSE: NVT) purchased by Nokia (NYSE: NOK).

• GRMN, a designer and manufacturer of navigation, communication and information devices, is recently down $5.92 to $113.48 in pre-open trading.
  
• NVT, a global provider of digital map data for location-based solutions and vehicle navigation, announced NOK will acquire NVT for $78 a share in cash ($8.1 billion).
  
• GRMN overall option implied volatility of 50 is above its 26-week average of 41 according to Track Data, indicating larger price risk.

Citigroup (NYSE: C) volatility up into C announcing expectations of decline in 3Q income.

• C said "dislocations in the mortgage-backed securities and credit markets, and deterioration in the consumer credit environment are expected to have an adverse impact on the third quarter financial results."
  
• C closed at $46.67.
  
• C will report 3Q EPS on 10/15.
  
• C October option implied volatility of 28 is above its 26-week average of 22 according to Track Data, suggesting larger risk.

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

Option update: Citigroup (C) volatility elevated after profit warning originally appeared on BloggingStocks on Mon, 01 Oct 2007 09:25:00 EST. Please see our terms for use of feeds.

Does Google have the drive to buy NAVTEQ? originally appeared on BloggingStocks on Tue, 05 Jun 2007 16:10:00 EST. Please see our terms for use of feeds.

Are you married to one of those folks who just will not stop for directions? Well, this won't be a problem anymore. There is an outfit in Chicago that provides the detailed navigation information you need to get through.

Navteq Corporation (NYSE: NVT) is a leading provider of digital map information for automotive navigation systems, mobile navigation devices and Internet-based mapping applications. The firm's databases cover North America, Europe and the Middle East. They feature such information as street names, turn restrictions and the locations of hospitals, gas stations, and tourist destinations. Navteq information is used in handheld devices from Dell (NASDAQ: DELL) and Hewlett-Packard (NYSE: HPQ) and in vehicle systems sold by Ford (NYSE: F), DaimlerChrysler (NYSE: DCX) and Toyota (NYSE: TM).

The company pleased investors earlier in the month, when it reported Q1 EPS of 31 cents and revenues of $160 million. Analysts had been looking for 19 cents and $148.8 million. Management also guided FY07 EPS to $1.20-1.26 ($1.24 consensus) and FY07 revenues to $720-$750 million ($732.97M consensus). Banc of America Securities, Am Tech/JSA Research and JMP Securities subsequently declared the stock a "buy".

Continue reading Navteq: Navigating for you, so you won't have to ask for directions

Navteq: Navigating for you, so you won't have to ask for directions originally appeared on BloggingStocks on Mon, 14 May 2007 14:45:00 EST. Please see our terms for use of feeds.

Analyst calls (JAN 19, 2007) originally appeared on BloggingStocks on Fri, 19 Jan 2007 09:00:00 EST. Please see our terms for use of feeds.