U.S. stock futures are mixed this morning, as investors are awaiting economic data on retail sales and manufacturing activity in the New York area. Futures on the Dow Jones Industrial Average rose 3 points to 12,227.00 and S&P 500 futures fell 0.30 point to 1,327.40. Nasdaq 100 futures gained 1 point to 2,382.75.

European markets were mixed today. While STOXX Europe 600 Index has gained 0.12%, London's FTSE 100 Index moved down 0.06%.

Asian markets ended mixed, with Japan's Nikkei Stock Average gaining 0.20% and Australia's S&P/ASX 200 moving down 0.08%.

Continue reading Futures Mixed Ahead of Retail Sales Data

Futures Mixed Ahead of Retail Sales Data originally appeared on BloggingStocks on Tue, 15 Feb 2011 08:45:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Canaccord upgraded IBM (IBM) to buy from hold, citing the better-than-expected Q4 report, an ongoing economic recovery and higher IT budgets. The firm raised its target to $150 from $130.
• Citigroup upgraded Archer Daniels Midland (ADM) to buy from hold to reflect strength in the oilseed processing market and a positive inflection in ethanol profitability. The firm raised its target on shares to $37 from $33.
• FBR Capital upgraded Tesco (TESO) to outperform from market perform on expectations the company's top drive orders will accelerate in the coming quarters. The firm raised its target price on shares to $18.
• CBS (CBS) was upgraded to buy from hold at Jefferies.
• HSBC Holdings (HBC) was upgraded to buy from hold at RBS.
• Essex Property Trust (ESS) was upgraded to overweight from equal weight at Barclays.

Continue reading Analyst upgrades, Downgrades and Initiations: ADM, CBS, CPO, DOW, DD, IBM, KAR, TSCO ...

Analyst upgrades, Downgrades and Initiations: ADM, CBS, CPO, DOW, DD, IBM, KAR, TSCO ... originally appeared on BloggingStocks on Wed, 20 Jan 2010 11:00:00 EST. Please see our terms for use of feeds.

It took a while, but the broadcast media community is starting to realize that Nielsen Media may not have the answers to all their audience-related questions.

So, 14 of the largest players in the space -- including programmers, advertisers, and ad buyers -- are shelling out some cash to see if there's a better way. The group claims it isn't looking for an alternative to Nielsen ... but let's do the math on this one. If they aren't looking for some new choices, then just what the hell are they doing?

Continue reading Broadcasters, ad folks desperate for a better audience-measuring mousetrap

Broadcasters, ad folks desperate for a better audience-measuring mousetrap originally appeared on BloggingStocks on Sat, 12 Sep 2009 15:10:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Keefe Bruyette upgraded Intercontinental Exchange (NYSE: ICE) to Market Perform from Underperform following the company's in-line quarter and extended buyback. The firm raised its target price on shares to $103 from $98.
• Merriman upgraded Cree (NASDAQ: CREE) to Buy from Neutral after transitioning coverage of the stock as it believes HB-LED chips are gaining momentum and that the company can top its recently raised guidance.
• Deutsche Bank upgraded Glatfelter (NYSE: GLT) to Buy from Hold following the company's Q2 results due to falling net debt levels and valuation. The firm raised its target on shares to $14 from $8.
• Corporate Executive Board (NASDAQ: EXBD) was upgraded to Neutral from Underperform at Baird.
• Cognizant (NASDAQ: CTSH) was upgraded to Buy from Neutral at Goldman.
• Unit Corp. (NYSE: UNT) was upgraded to Buy from Sell at Jesup & Lamont.

Continue reading Analyst upgrades, downgrades and initiations: ADM, ANN, GENZ, ICE, MON, RIMM ...

Analyst upgrades, downgrades and initiations: ADM, ANN, GENZ, ICE, MON, RIMM ... originally appeared on BloggingStocks on Wed, 05 Aug 2009 11:30:00 EST. Please see our terms for use of feeds.

"Golf has Tiger Woods, novelists have Tom Clancy, and the investment community has stars such as Bruce Berkowitz, Bill Nygren, Charlie Dreifus, and Mario Gabelli," states Paul Tracy.

In his The Street Authority Market Advisor, he suggests, "These money managers are at the pinnacle of their craft." Here, he takes a look at these "celebrities" and some of their current top stock holdings.

"These money managers have all amassed prodigious gains over the years for their shareholders. Over the past few months, these gurus have come out with ringing endorsements for certain stocks. This isn't empty talk -- they are putting their money where their mouth is.

Continue reading Investing with the stars: Top stocks from top managers

Investing with the stars: Top stocks from top managers originally appeared on BloggingStocks on Fri, 22 May 2009 11:00:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage from BloggingStocks:

• Baidu Inc. (NASDAQ: BIDU) reported better-than-expected Q1 earnings as revenues surged in the quarter.
• Burger King Holdings Inc. (NYSE: BKC) just beat Q3 expectations despite weak same-store sales growth.
• Corn Products International Inc. (NYSE: CPO) Q1 results were dragged down by higher corn costs.
• Dow Chemical Co. (NYSE: DOW) Q1 earnings sank on falling sales, job cuts and acquisition costs.
• Eastman Kodak Co. (NYSE: EK) reported a deeper-than-expected Q1 loss and suspended its dividend.
• Energizer Holdings Inc. (NYSE: ENR) posted better-than-expected Q2 earnings but revenue declined.

Continue reading Earnings highlights: Starbucks, Kodak, Verizon, Visa, Office Depot, Baidu and more

Earnings highlights: Starbucks, Kodak, Verizon, Visa, Office Depot, Baidu and more originally appeared on BloggingStocks on Sat, 02 May 2009 09:40:00 EST. Please see our terms for use of feeds.

• Jefferies upgraded Quicksilver (NYSE: KWK) to Buy from Hold as it believes the company has many options to resolve its liquidity crisis. The firm expects shares to move towards its $10 NAV estimate and raised its target price to $10 from $7.
• Deutsche Bank upgraded Omnicom Group (NYSE: OMC) to Hold from Sell following the Q1 results as the company's margins are holding up better than previously thought. The firm raised its target price on shares to $31 from $21.
  
• Deutsche Bank also upgraded Universal Health (NYSE: UHS) following the company's better than expected Q1 results. Shares were lifted to Buy from Hold and the firm raised its target on the stock to $60 from $45.
• Barclays (NYSE: BCS) was raised to Buy from Reduce at Nomura.
  
• Orient-Express (NYSE: OEH) was lifted to Neutral from Underweight at JP Morgan.
  
• CVS Caremark (NYSE: CVS) was upgraded at Goldman to Conviction Buy from Buy.

Continue reading Analyst upgrades, downgrades and initiations: KWK, BCS, CVS, BAC ...

Analyst upgrades, downgrades and initiations: KWK, BCS, CVS, BAC ... originally appeared on BloggingStocks on Tue, 28 Apr 2009 11:00:00 EST. Please see our terms for use of feeds.

• Keefe Bruyette upgraded AmeriCredit (NYSE: ACF) to Market Perform from Underperform as it believes the company's warehouse facility amendments substantially reduce the risk of bankruptcy in the near term. The firm has a $6 target on the stock.
  
• Thomas Weisel upgraded Suntech (NYSE: STP) to Market Weight from Underweight on valuation following the recent weakness. The firm has a $6 target on the stock.
  
• Banc of America/Merrill upgraded Kohl's (NYSE: KSS) to Buy from Neutral on valuation following the recent weakness and believes the company's guidance is achievable.
• Dr. Pepper Snapple (NYSE: DPS) was upgraded to Buy from Neutral at Goldman.
  
• Digital River (NYSE: DRIV) was raised to Buy from Hold at Deutsche Bank.
  
• Clorox (NYSE: CLX) was upgraded at Barclays to Equal Weight from Underweight.

Continue reading Analyst upgrades, downgrades and initiations: STP, WMT, DIS, DNA, YHOO ...

Analyst upgrades, downgrades and initiations: STP, WMT, DIS, DNA, YHOO ... originally appeared on BloggingStocks on Tue, 10 Mar 2009 10:51:00 EST. Please see our terms for use of feeds.

• Whole Foods (NASDAQ: WFMI) was upgraded to Neutral from Sell at UBS.
  
• Archer Daniels Midland (NYSE: ADM) was upgraded to Equal Weight from Underweight at Barclays.
• AutoZone (NYSE: AZO) was raised to Buy from Neutral at Merrill Lynch.
• B. Riley upgraded S&T Bancorp (NASDAQ: STBA) to Buy from Neutral and lowered its target to $35 from $38 on valuation, as they believe the sell-off post-Q3 results is overdone.
  
• Jefferies upgraded GSI Commerce (NASDAQ: GSIC) to Buy from Hold on valuation after Q4 revenue guidance was reset lower. The firm lowered their target to $13 from $18.
  
• JP Morgan upgraded shares of DHT Maritime (NYSE: DHT) and General Maritime (NYSE: GMR) to Overweight from Neutral on the company's valuation and dividend stability.

• HSBC cut Prudential (NYSE: PUK) to Neutral from Overweight as they believe capital has eroded and debt refinancing is increasingly difficult.
  
• Freeport McMoRan (NYSE: FCX) was downgraded to Neutral from Buy at Goldman.
  
• Logitech (NASDAQ: LOGI) was lowered to Hold from Buy at Citigroup and to Neutral from Outperform at Credit Suisse.

Continue reading Analyst calls: WFMI, ADM, AZO, PUK, FCX, LOGI, TTWO, URBN, AEO ...

Analyst calls: WFMI, ADM, AZO, PUK, FCX, LOGI, TTWO, URBN, AEO ... originally appeared on BloggingStocks on Thu, 23 Oct 2008 11:35:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Jefferies believes British Sky Broadcasting's (NYSE:BSY) exposure to discretionary household expenditure seems more dangerous than it is. Shares were initiated with a Buy rating.
  
• Oppenheimer assumed ReneSola (NYSE: SOL) with a Perform rating and said it is waiting for margins to re-accelerate before becoming more constructive on shares.
  
• Chordiant Software (NASDAQ: CHRD) was initiated at B. Riley with a Buy rating and $7 target and believes the recent sell-off is overdone.

• JMP Securities initiated American Capital (NASDAQ:AGNC) with an Outperform rating and $23 target.
  
• UBS assumed Omnicom Group (NASDAQ: OMC) and Interpublic Group (NYSE: IPG) with Neutral ratings and targets of $50 and $9.50, respectively.
  
• Real Goods Solar (NASDAQ: RSOL) was assumed at Broadpoint with a Buy rating and $10 target.

Analyst initiations: BSY, SOL and CHRD originally appeared on BloggingStocks on Mon, 30 Jun 2008 12:55:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Lehman initiated the Retail Hardlines Sector with a Neutral. The firm initiated coverage of Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) with Overweight ratings and Best Buy (NYSE: BBY), Bed Bath & Beyond (NASDAQ: BBBY) and Williams Sonoma (NYSE: WSM) with Equal Weight ratings.
  
• Oppenheimer initiated Aventine Renewable (NYSE: AVR), Pacific Ethanol (NASDAQ: PEIX) and VeraSun Energy (NYSE: VSE) with Perform ratings. The firm is cautious on the industry due to higher feedstock costs.
  
• UBS initiated Interpublic Group (NYSE: IPG) and Omnicom Group (NYSE:OMC) with Buy ratings and an $11 target and $62 target, respectively. The firm views valuation as attractive.

• Morgan Stanley assumed coverage of International Flavors (NYSE: IFF) with an Overweight rating.
  
• Wachovia initiated CGI Group (NYSE: GIB) with a Market Perform rating.
  
• Leap Wireless (LEAP) was initiated at RBC Capital with a Sector Perform rating and $55 target.

Analyst initiations: U.S. retail hardlines, biofuels, IPG and OMC originally appeared on BloggingStocks on Fri, 25 Apr 2008 11:21:00 EST. Please see our terms for use of feeds.

General Electric (NYSE: GE) is still trying to convince investors that it can offset slow growth and some weak divisional results by doing well in emerging markets. So far, the stock market has not bought in.

The market has actually been hostile to the message. GE shares are just above $34, which is not far from their 52-week low and down considerably from their high of $42.15. Over time, earnings from regions like India and China may help the stock, but the company is going to have to push harder to mark its case. It will use the Olympics in Beijing as a spring-board.

"We want to humanize G.E. even as we show worldwide investors that G.E. is a major player in the world," said Don Schneider, executive creative director at BBDO New York, the Omnicom (NYSE: OMC) unit that is G.E.'s longtime advertising agency, told the The New York Times

GE is a major player in the world but the politics in countries such as China may not make growth there as easy as investors would hope. A global recession could also slow infrastructure building in Asia and the India sub-continent.

To some extent, the large marketing budget for this Olympics is a waste of money. Wall Street wants to know that GE is willing to deal with its slow-growing medical and industrial units either by selling them or cutting costs. Tickets to the Olympics won't help.

Douglas A. McIntyre is an editor at 247wallst.com.

GE uses Olympics to pitch emerging markets push originally appeared on BloggingStocks on Thu, 28 Feb 2008 08:33:00 EST. Please see our terms for use of feeds.

Best Buy picks BBDO as new ad agency originally appeared on BloggingStocks on Wed, 04 Jul 2007 16:05:00 EST. Please see our terms for use of feeds.

In an effort to up the ante in the mobile communications game, Sprint Nextel Corp. (NYSE: S) has announced plans to swing the focus in its marketing plan and to place some perspective division between the company namesakes. An advertising campaign directed by Omnicom Group Inc (NYSE: OMC) will be seeking to reestablish the Sprint brand as a mainly consumer focused business after the Sprint Nextel merger left a blurred impression regarding which company division was doing what. The Nextel name, for its part, lays claim to a greater focus towards commercial business.

Sprint wishes to impress the consumer with it's music and navigation offerings while also making a statement regarding the company's network speed. Sprint has had some network issues to deal with in the past but the company indicates that network reliability is expected by consumers at a level which should preclude it from being just a "selling point." Bill Morgan, a senior vice president for corporate marketing at Sprint, stated it this way when referring to the company's impending value added focus, "Our network's a proven commodity . . . People should expect that. They should be getting much more than that."

So you may watch for a new advertising campaign from Sprint which aims to bring the company more into focus. The company has promised us some improved growth but it has had some very tough trials. Sprint needs to show that it offers the consumer distinct advantages over its competition and it needs to do that in a very compelling fashion. Otherwise, the only name it will be defining itself apart from will be Nextel, and that alone just won't do.

Sprint Nextel to flex speed and data muscle in new ads originally appeared on BloggingStocks on Thu, 28 Jun 2007 14:00:00 EST. Please see our terms for use of feeds.