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Netflix, Chipotle and Other Stocks Poised for Additional Gains

Chipotle (CMG) logoSometimes, a big market washout like we had on Friday, when the S&P 500 fell 10 points and the Dow was down 170 points at its worst level, can reveal an awful lot about individual stocks. It's days like these when the winners stick out like sore thumbs and reveal just how much demand there is for their shares. On Friday, there was a collection of such stocks.

All the following names have had astounding gains in the past year, and it sure looks like they are prepared to continue on that same trajectory. These stocks stuck out like a sore thumb on Friday because of significant buying interest in a terrible broad market tape. None of the moves in these names was driven by news

Continue reading Netflix, Chipotle and Other Stocks Poised for Additional Gains

Analyst Calls: AKAM, CIEN, CMG, CRM, FDO, GOOG, JNPR, MCC, TXN, YHOO ...

Analyst Upgrades

  • SINA (SINA) to overweight from neutral at Piper Jaffray.
  • Texas Instruments (TXN), ON Semiconductor (ONNN), Xilinx (XLNX) and Valassis (VCI) to overweight from neutral at JPMorgan.
  • Salesforce.com (CRM) to buy from hold at Canaccord.
  • Peet's Coffee (PEET) to buy from neutral at Janney Capital.
  • Invesco Mortgage (IVR) to overweight from equal weight at Barclays.
  • BTU International (BTUI) to buy from hold at Wunderlich.
  • Coca-Cola Femsa (KOF) to overweight from neutral at HSBC.
  • Chipotle (CMG) to market perform from underperform at Morgan Keegan.

Continue reading Analyst Calls: AKAM, CIEN, CMG, CRM, FDO, GOOG, JNPR, MCC, TXN, YHOO ...

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

Analyst Calls: BUD, EBAY, EOG, FRX, GRT, MON, MSFT, SINA ...

Analyst Upgrades

  • BMO Capital upgraded EOG Resources (EOG) to market perform from underperform. The firm has a $100 target on the stock.
  • Morgan Joseph upgraded Glimcher Realty (GRT) to buy from neutral with a $6.50 target. The firm believes the company has solved most of its liquidity problems while its dividend yield is very attractive.
  • Citigroup upgraded AmerisourceBergen (ABC) to buy from hold.
  • Lincoln Electric (LECO) was upgraded to gradually accumulate from hold at Soleil.
  • BMC Software (BMC) was upgraded to outperform from neutral at Credit Suisse.
  • Mercer (MERC) was upgraded to outperform from market perform at Raymond James.

Continue reading Analyst Calls: BUD, EBAY, EOG, FRX, GRT, MON, MSFT, SINA ...

Options Update: Chinese Digital Content Providers' Volatility Flat

NetEase (NTES) closed at $34.17. NTES is expected to report Q4 in late February. March put option implied volatility is at 53, June is at 48; near its 26-week average according to Track Data, suggesting non-directional price fluctuations.

SINA Corp (SINA) closed at $36.09. March option implied volatility is at 47, June is at 45; verses its 26-week average of 45 according to Track Data, suggesting non-directional price movement.

Sohu.com (SOHU) closed at $48.35. SOHU March put option implied volatility is at 48, June is at 47; near its 26-week average of 47, according to Track Data, suggesting non-directional price movement.

Shanda Interactive (SNDA) closed at $47.76. SNDA is expected to report Q4 EPS in late February. March put option implied volatility is at 55, June is at 53; verses its 26-week average of 45, according to Track Data, suggesting larger price movement.

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

Some big names set new 52-week highs Tuesday: WAG, ACS, WYE ...

new 52 week highsAll three of the major indexes finished Tuesday in the red, but there were several big names that moved up to new 52-week highs in Tuesday's trading.

Walgreen Co. (NYSE: WAG): The drugstore giant had a really good day on Wall Street after posting better than expected earnings in the morning before the market opened. The company posted earnings of 44 cents per share versus analyst estimates of 39 cents. The stock set a new 52-week high of $38.44 and closed the day up 9.2% at $37.35.

Continue reading Some big names set new 52-week highs Tuesday: WAG, ACS, WYE ...

Sina soars as deal with Focus Media falls apart

Shares of Sina Corporation (NASDAQ: SINA) soared to a new 52-week high Monday following news that the Chinese media giant's deal to purchase assets of Focus Media Holding Limited (NASDAQ: FMCN) likely had fallen through. Rumors had swirled for weeks suggesting that the deal might not be completed.

Sina was set to acquire a portion of Focus Media's business that places advertising in malls, airports, office buildings and other places for $1.66 billion. The agreement is set to expire Wednesday, Sept. 30, without approval from the Chinese Ministry of Commerce. The government reportedly did not respond to repeated requests for approval. Both companies said Monday in a joint statement that they would not extend a deadline for closing the transaction.

Continue reading Sina soars as deal with Focus Media falls apart

Sina (SINA) upgraded even as FMCN deal falters

SINA logoSina (NASDAQ: SINA - option chain) shares are rising today after the company was upgraded by Deutsche Bank from Sell to Hold with a price target of $31. This action comes even though Deutsche thinks that Sina's deal for Focus Media Holdings (NASDAQ: FMCN) is getting more likely to fall through. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on SINA.

SINA opened this morning at $30.22. So far today the stock has hit a low of $30.09 and a high of $32.60. As of 11:35, SINA is trading at $32.42 up $2.42 (8.1%). The chart for SINA looks bullish.

Continue reading Sina (SINA) upgraded even as FMCN deal falters

Analyst upgrades, downgrades and initiations: AMGN, CSCO, CX, HAS, T

Analyst upgrades:
  • Bernstein upgraded Amgen (NASDAQ: AMGN) to Outperform from Market Perform on valuation as it believes threats to the core business are priced in at current levels and upside catalysts may come from pipeline news. The firm raised its target on shares to $65 from $57.
  • Stephens upgraded CyberSource (NASDAQ: CYBS) to Overweight from Equal Weight on valuation as it believes the recent pullback creates a buying opportunity. The firm raised its target on shares to $16 from $14.
  • JPMorgan upgraded Magna (NYSE: MGA) and Tenneco (NYSE: TEN) to Overweight from Neutral on expectations global auto production has sequentially bottomed with European light vehicle production rebounding in Q2. The firm also sees a short-term trading opportunity in TRW Automotive (NYSE: TRW), but keeps a Neutral rating on the stock.
  • SINA Corp. (NASDAQ: SINA) was upgraded to Conviction Buy from Buy at Goldman.
  • Cogent Communications (NASDAQ: CCOI) was raised to Buy from Hold at Citigroup.

Continue reading Analyst upgrades, downgrades and initiations: AMGN, CSCO, CX, HAS, T

Earnings highlights: Clorox, Deutsche Bank, Movado, Qualcomm, Texas Instruments ...

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

Continue reading Earnings highlights: Clorox, Deutsche Bank, Movado, Qualcomm, Texas Instruments ...

Sina (SINA) reports weak Q1 earnings

SINA logoSina Corp. (NASDAQ: SINA - option chain) stock is falling today after the Chinese internet portal company reported Q1 earnings of $9.75 million, or 17 cents per share against estimates of 22 cents. SINA also forecast second-quarter revenue of $85 to $89 million. Analysts are forecasting revenue of $91.5 million for the quarter. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on SINA.

This morning, SINA opened at $30.13. So far today the stock has hit a low of $29.92 and a high of $31.30. As of 11:00, SINA is trading at $30.46, down $2.47 (-7.5%). The chart for SINA looks bullish.

Continue reading Sina (SINA) reports weak Q1 earnings

Analyst upgrades, downgrades and initiations: BP, DB, NUE, TLB, X, YHOO ...

Analyst upgrades:
  • Citigroup upgraded Emergency Medical Services (NYSE: EMS) to Hold from Sell as it believes earnings estimates and valuation multiples could expand should Congress extend insurance coverage to the currently uninsured. The firm raised its target on shares to $38 from $29.
  • JPMorgan upgraded Deutsche Bank (NYSE: DB) to Neutral from Underweight on expectations the company's fixed income business will drive earnings.
  • KeyBanc expects U.S. Steel (NYSE: X) to benefit from a global recovery in flat-rolled products and a potential stabilization in energy end markets. The firm upgraded shares to Buy from Hold.
  • Yahoo! (NASDAQ: YHOO) was upgraded to Buy from Hold at Soleil.
  • Pinnacle Financial (NASDAQ: PNFP) was upgraded to Equal Weight from Underweight at Stephens.
  • BP Plc (NYSE: BP) was raised to Buy from Hold at ING Group.

Continue reading Analyst upgrades, downgrades and initiations: BP, DB, NUE, TLB, X, YHOO ...

Analyst upgrades, downgrades and initiations: INTC, RIMM, BKC, MA, ADBE ...

Analyst upgrades:
  • Jefferies upgraded Cytec Industries (NYSE: CYT) to Buy from Hold on valuation and believes liquidity concerns are overdone. The firm raised its target on the stock to $27 from $20.
  • Morgan Stanley upgraded Intel (NASDAQ: INTC) to Overweight from Equal Weight and raised its price target to $19 from $15. Morgan Stanley's survey indicates positive trends in the business supply chain and the analysts expects estimates to move higher from increased server MPU sales and growth in Windows 7.
  • Pali upgraded Urban Outfitters (NASDAQ: URBN) to Buy from Neutral on valuation and believes the company's tough Q2 compares are already priced into the stock. The firm has a $25 target on shares.
  • Research in Motion (NASDAQ: RIMM) was upgraded to Conviction Buy from Buy at Goldman.
  • MasterCard (NYSE: MA) was lifted to Buy from Hold at Deutsche Bank.
  • Burger King (NYSE: BKC) was raised to Buy from Neutral at Banc of America/Merrill.

Continue reading Analyst upgrades, downgrades and initiations: INTC, RIMM, BKC, MA, ADBE ...

The week in preview: Interest rates, manufacturing, earnings gainers

On Tuesday, the Federal Reserve's FOMC holds two-day meeting on interest rates and will announce its decision on Wednesday. The Fed's Ben Bernanke will still be out and about this week, discussing the failure of Lehman Brothers later today, and ending up the week speaking at the Independent Community Bankers of America National Convention and Techworld.

Manufacturing will be in focus this week, starting with industrial production numbers for February and the Empire State Manufacturing Survey Diffusion Index for March scheduled to be released Monday morning. Tuesday morning will bring us the Producer Price Index for February, and Thursday morning comes the Philadelphia Fed Outlook Survey -- Diffusion Index Manufacturing for March.

Continue reading The week in preview: Interest rates, manufacturing, earnings gainers

Analyst upgrades, downgrades and initiations: CHKP, MOT, RIMM, PALM, RL, HBC ...

Analyst upgrades:
  • Jefferies upgraded Check Point Software (NASDAQ: CHKP) to Buy from Hold as they believe the recently acquired Nokia security appliance business should drive 2009 revenue and EPS meaningfully higher. The firm raised their target price to $27 from $20.
  • Goldman upgraded Motorola (NYSE: MOT) to Buy from Neutral and added shares to its Conviction Buy List. The firm expects shares to outperform even if phones don't given the overly negative value for the business.
  • Research in Motion (NASDAQ: RIMM) was upgraded to Outperform from Sector Perform at RBC Capital. The firm cites improving margin visibility and execution, and lowered expectations for the upgrade.
  • Ares Capital (NASDAQ: ARCC) was upgraded to Neutral from Underweight at JP Morgan.
  • Canadian Pacific (NYSE: CP) was raised at Canaccord to Buy from Hold.
  • Lloyds TSB (NYSE: LYG) was upgraded to Buy from Neutral at UBS.
Analyst downgrades:
  • JP Morgan downgraded Venoco (NYSE: VQ) to Underweight from Overweight based on valuation and debt concerns.
  • UBS downgraded MEMC Electronic (NYSE: WFR) to Neutral from Buy, added shares to the Short-Term Sell List and lowered their target to $14.50 from $20. The firm believes 2009 wafer sales will be much worse than expected.
  • Deutsche Bank downgraded SINA (NASDAQ: SINA) to Hold from Buy to reflect integration risks from the recent acquisition of Focus Media's digital OOH assets as they see little room for near-term upside.
  • Palm (NASDAQ: PALM) was lowered to Neutral from Overweight at JP Morgan.
  • Polo Ralph Lauren (NYSE: RL) was cut to Sell from Neutral at Goldman.
  • Telus (NYSE: TU) was downgraded at Banc of America/Merrill to Underperform from Neutral.
Analyst initiations:
  • Societe Generale believes HSBC (NYSE: HBC) will need to cut its dividend and raise additional capital in order to strengthen its capital base. Shares were initiated with a Sell rating.
  • Citigroup initiated United Technologies (NYSE: UTX) with a Hold rating and $55 target. The firm sees downside risk to the company's guidance and believes consensus estimates could be too high.
  • B. Riley assumed Matrixx Initiatives (NASDAQ: MTXX) with a Buy rating and $22 target. The firm finds shares attractively valued and sees limited downside risk from current levels.
  • ASML Holding (NASDAQ: ASML) was initiated at Deutsche Bank with a Hold rating.

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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 10, 2012: 10:51 PM

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