"The Canadian economy performed much better than the U.S. economy during the past two and a half years," says J. Royden Ward.

The editor of Cabot Benjamin Graham Value Letter explains, "We believe many outstanding buying opportunities still exist and investors should continue to buy undervalued Canadian stocks."

Here, he looks at a trio of Canadian-based resource plays: Barrick Resources (ABX), Pan American Silver (PAAS), and Teck Resources 'B' (TCK).

Continue reading Canadian Resource Trio: Ben Graham Value Buys?

Canadian Resource Trio: Ben Graham Value Buys? originally appeared on BloggingStocks on Wed, 12 Jan 2011 10:30:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Piper Jaffray upgraded Red Hat (RHT) to overweight from neutral.
• Honeywell (HON) was upgraded to outperform from neutral at Cowen.
• Regal-Beloit (RBC) and Actuant (ATU) were upgraded to buy from hold at Jefferies.
• RW Baird upgraded MedAssets (MDAS) to outperform from neutral.
• Savvis (SVVS) was upgraded to outperform from market perform at William Blair.

Continue reading Analyst Calls: COST, HON, NFLX, NOC, PCP, RHT, TGT, TXT, WMT ...

Analyst Calls: COST, HON, NFLX, NOC, PCP, RHT, TGT, TXT, WMT ... originally appeared on BloggingStocks on Tue, 23 Nov 2010 12:00:00 EST. Please see our terms for use of feeds.

"Given the fact that Canada is looking pretty stable and smart these days, I thought it was time to feature a Canadian stock," suggests Glenn Rogers.

The contributing editor to Internet Wealth Builder explains, "Below, we look at Teck Resources (TCK), a highly diversified resource business based in Vancouver. With Teck you get good copper exposure plus coal and zinc as well as oil sands.

"This is a pretty good time to be in the natural resources business particularly if you are seen as a reliable and politically neutral trading partner such as Canada.

Continue reading Teck Resources (TCK): Copper, Coal, Zinc and Oil Sands

Teck Resources (TCK): Copper, Coal, Zinc and Oil Sands originally appeared on BloggingStocks on Fri, 10 Sep 2010 11:00:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• FBR Capital upgraded Bank of America (BAC) to outperform from market perform to reflect its positive view of the company's $20.5M common equity raise and $45B TARP repayment. The firm believes the $20.5B capital raise is lower than some expected and that Bank of America could potentially announce a new CEO by year-end. FBR raised its price target on shares to $20 from $15.
• JPMorgan upgraded Kennametal (KMT) to overweight from neutral. The firm, which has a $30 target on the stock, cites the recent pullback in shares and believes increased industrial production in 2010 could be a positive catalyst for the company.
• Credit Suisse upgraded Ternium (TX) to outperform from neutral and raised its target to $40 from $31. The firm upgraded shares based on expectations for further improvements in profitability.
• G-III Apparel (GIII) was upgraded to overweight from market weight at Thomas Weisel.
• Cubist Pharma (CBST) was raised to outperform from sector perform at RBC Capital.
• AvalonBay (AVB) was upgraded to neutral from sell at Goldman.

Continue reading Analyst upgrades, downgrades and initiations: AAPL, AMZN, BAC, DRYS, GENZ, REG, S ...

Analyst upgrades, downgrades and initiations: AAPL, AMZN, BAC, DRYS, GENZ, REG, S ... originally appeared on BloggingStocks on Thu, 03 Dec 2009 11:40:00 EST. Please see our terms for use of feeds.

Teck Cominco (NYSE: TCK) closed at $14.04. TCK, a metals producer, announced on May 5 it issued $4.255 billion in long term bonds. TCK June and August option implied volatility of 84 is below its 26-week average of 111, according to Track Data, suggesting decreasing price movement.

Rio Tinto (NYSE: RTP) closed at $183.66. RTP, the world's third-largest mining company, was upgraded to Overweight from Equalweight at Barclays Capital. RTP June option implied volatility of 70 is below its 26-week average of 85, according to Track Data, suggesting decreasing price movement.

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

Options Update: Teck Cominco and Rio Tinto volatility decreases as shares rally originally appeared on BloggingStocks on Thu, 07 May 2009 09:45:00 EST. Please see our terms for use of feeds.

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

• American Express Co. (NYSE: AXP) Q1 profit blew away estimates, sending shares soaring.
• Apple Inc. (NASDAQ: AAPL) topped analysts expectations and offered conservative guidance.
• Boeing Co. (NYSE: BA) reported better-than-expected results but warned that if faced challenges.
• Coach Inc. (NYSE: COH) topped Q3 profit estimates and announced the start of quarterly dividends.
• Continental Airlines Inc. (NYSE: CAL) widened is net loss in Q1 but still beat low Wall Street estimates.

Continue reading Earnings highlights: Apple, Ford, Microsoft, Wells Fargo, Boeing, American Express and more

Earnings highlights: Apple, Ford, Microsoft, Wells Fargo, Boeing, American Express and more originally appeared on BloggingStocks on Sat, 25 Apr 2009 08:40:00 EST. Please see our terms for use of feeds.

Industrial metals issue Teck Cominco Limited (NYSE: TCK) is on the upswing following the release of its first-quarter earnings.

The company reported net income of C$241 million, or 50 Canadian cents per share; on an adjusted basis, earnings arrived at 47 cents per share, falling slightly short of analysts' predictions for 51 cents per share. Revenue for the period rose to C$1.71 billion.

Included in the report were several warnings. "It is difficult to forecast coal sales volumes at this stage in the economic cycle and their effect on results for the coming year is uncertain at this time," confessed TCK. For 2009, the firm tentatively expects to sell between 18 and 20 million tons of coal.

Continue reading Teck Cominco misses 1Q estimates, offers cloudy outlook on coal sales

Teck Cominco misses 1Q estimates, offers cloudy outlook on coal sales originally appeared on BloggingStocks on Tue, 21 Apr 2009 11:20:00 EST. Please see our terms for use of feeds.

This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

"We own several stocks in our portfolio that are selling for less than their book value and with a P/E ratio of less than 5 -- but the prize among bargains is Teck Cominco (NYSE: TCK), our most promising stock for 2009," says Neil Macneale.

In his 2 for 1 newsletter -- which initially buys stocks when they announce 2-for-1 splits, he says, "It would be hard to argue this company is not literally being given away."

Macneale explains, "I bought this stock for the 2-for-1 portfolio over a year and half ago and its stock price has declined by about 90% since then.

"The Canadian mining company produces copper, zinc, gold, and metallurgical coal. All assets are in North America except for most of its copper operations, located in Peru.

"With a PE ratio bouncing between 1 and 2, and a Price-to-Book ratio at around 0.3, you are getting a well-established (1906), well-run asset play for less than its book value, even if existing plant and reserve values are slashed by over 50%.

Continue reading Top Stock Picks '09: Teck Cominco (TCK)

Top Stock Picks '09: Teck Cominco (TCK) originally appeared on BloggingStocks on Fri, 09 Jan 2009 17:30:00 EST. Please see our terms for use of feeds.

Southern Peru Copper (NYSE: PCU) closed at $18.12 Monday. Copper is recently up 5.31% to 153.65 according to Bloomberg. PCU February option implied volatility of 83 is above its 26-week average of 78, according to Track Data, suggesting larger price movement.

Teck Cominco (NYSE: TCK), a diversified mining company, closed at $6.82 Monday. TCK January 7.5 straddle is priced at $1.60, December 7.5 straddle is priced at $2.60. TCK February option implied volatility of 121 is above its 26-week average of 110 according to Track Data, suggesting larger share price movement.

Freeport McMoRan (NYSE: FCX) closed at $28.22 Monday. FCX, the world's second-largest copper producer, is expected to report Q4 EPS in mid January. February call option implied volatility is at 87, puts are at 84; near its 26-week average according to Track Data, suggesting non-directional price movement.

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

Options Update: Copper producers' volatility elevated; Copper up 5% originally appeared on BloggingStocks on Tue, 06 Jan 2009 08:30:00 EST. Please see our terms for use of feeds.

Cramer's metal armor originally appeared on BloggingStocks on Thu, 19 Jul 2007 17:40:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Stifel cut PetSmart Inc (NASDAQ: PETM) to Hold from Buy biting valuation.

• First Global downgraded shares of Google Inc (NASDAQ: GOOG) to Market Perform from Outperform.

• Morgan Stanley downgraded shares of Dr. Reddy's Laboratories (NYSE: RDY) to Equal-Weight from Overweight after a U.S. court ruling appeared set to block generic competition to Japanese company Eisai Co, Ltd's (ESALY) ulcer drug Aciphex.

• B. Riley downgraded shares of Optimal Group (NASDAQ: OPMR) to Neutral from Buy to reflect increasing uncertainty regarding further legal actions, which may be taken by the U.S. Attorney's office against the company...

• Friedman Billings downgraded Allied Defense Group (NYSE: ADG) to Market Perform from Outperform.

• Sandler cut Boston Private Financial Holdings Inc (NASDAQ: BPFH) to Hold from Buy.

• Raymond James downgraded both HealthSpring, Inc (NYSE: HS) and Emageon, Inc (NASDAQ: EMAG) to Market Perform from Outperform.

• Teck Cominco Ltd (NYSE: TCK) was downgraded to Sector Performer from Sector Outperformer at CIBC.

Analyst downgrades 5-14-07: GOOG, PETM and RDY originally appeared on BloggingStocks on Mon, 14 May 2007 11:03:00 EST. Please see our terms for use of feeds.