AOL Money & Finance

SLXP posts

Feed

Closing Bell: The China trade war day that didn't come (SLXP, ETFC, UNG, DNDN, GE, MOS)

Today was one of those trading days where it felt as though a down-day was certain. A lack of earnings news after the fear of a trade-war with China loomed early on over a tire tariff being passed on. But the market steadied after a initial drop and slowly came back before turning positive in the afternoon session. This was one of those that felt as though the closing bell was again a coin toss right up to the close of the 4:00 bell. Here are today's unofficial closing bell levels:

Dow 9,624.61 +19.20 (0.20%)
S&P 500 1,049.06 +6.33 (0.61%)
Nasdaq 2,091.78 +10.88 (0.52%)

Top Trader Alerts
Top 10 Analyst Calls

Continue reading Closing Bell: The China trade war day that didn't come (SLXP, ETFC, UNG, DNDN, GE, MOS)

Analyst upgrades, downgrades and initiations: ALL, CMG, GRMN, IP, VRSN ...

Analyst upgrades:

  • Goldman said International Paper (NYSE: IP) is its top pick in the group citing leverage to early cycle containerboard. The firm upgraded shares to Conviction Buy from Buy and has a $26 target on the stock.
  • Morgan Keegan upgraded Healthcare Realty Trust (NYSE: HR) to Outperform from Market Perform citing valuation and better-than-expected Q2 results.
  • William Blair upgraded Harbin Electric (NASDAQ: HRBN) to Outperform from Market Perform as it believes the Chinese economy is likely to accelerate and the company's balance sheet is strengthened following the retirement of debt.
  • Allstate (NYSE: ALL) was upgraded to Buy from Neutral at BofA/Merrill.
  • VeriSign (NASDAQ: VRSN) was upgraded to Outperform from Neutral at Credit Suisse.
  • Commercial Vehicle Group (NASDAQ: CVGI) was upgraded to Overweight from Underweight at JPMorgan.

Continue reading Analyst upgrades, downgrades and initiations: ALL, CMG, GRMN, IP, VRSN ...

Market highlights for next week: Wal-Mart and Hewlett-Packard reporting

Monday, May 12
Tuesday, May 13
Wednesday, May 14
  • FCC Open Commission Meeting at 9:30am.
  • SEC Open Commission Meeting at 10:00am.
  • Macy's, Inc. (NYSE: M) to report Q1 earnings; conference call at 10:30am.
  • Agilent Technologies, Inc. (NYSE: A) to report Q2 earnings; conference call at 4:30pm.

Continue reading Market highlights for next week: Wal-Mart and Hewlett-Packard reporting

Analyst upgrades, downgrades and initiations

MOST NOTEWORTHY UPGRADES:

MOST NOTEWORTHY DOWNGRADES:
  • Broadpoint downgraded shares of Cache Inc. (NYSE: CACH) to Neutral from Buy and lowered their estimates after the company reduced its Q4 guidance. The broker also removed its $21 target.
  • Piper downgraded shares of Salix Pharmaceuticals (NASDAQ: SLXP) to Sell from Neutral to reflect concerns over the company's IBD franchise and potential Xifaxan patent concerns.

MOST NOTEWORTHY INITIATIONS:
  • Pacific Crest initiated shares of SuccessFactors (NASDAQ: SFSF) with an Outperform rating and $18 target, and believes the company has better visibility than its On-Demand peers with 2.5 year deals.

Symbol Lookup
IndexesChangePrice
DJIA+44.2910,291.26
NASDAQ+15.822,166.90
S&P 500+5.501,098.51

Last updated: November 12, 2009: 04:33 AM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance