- Dominion (D) to buy from hold at Deutsche Bank.
- Corinthian Colleges (COCO) to outperform from underperform at RBC Capital.
- Canadian National (CNI) to sector outperformer from sector performer at CIBC.
- DragonWave (DRWI) to buy from hold at Jefferies.
- Infosys (INFY) to overweight from equal weight at Morgan Stanley.
- SL Green Realty (SLG), Lexington Realty (LXP) and Taubman Centers (TCO) to overweight from neutral at JPMorgan.
- Sunstone Hotel (SHO) to buy from neutral and Extra Space Storage (EXR) to buy from hold at KeyBanc.
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FeedAnalyst Calls: AEP, CCL, CNI, D, FDX, HAS, INFY, MAT, RCL, S, T, UPS, VZ ...
Continue reading Analyst Calls: AEP, CCL, CNI, D, FDX, HAS, INFY, MAT, RCL, S, T, UPS, VZ ...
Analyst Calls: BAC, CMA, DO, HOT, ORCL, RIG, RTN, SBUX, TLB, WYNN ...
- Wynn Resorts (WYNN) to overweight from neutral at JPMorgan.
- Oracle (ORCL) and Alliance Data Systems (ADS) to outperform from neutral at Macquarie.
- Saint Joe (JOE) to outperform from market perform at Keefe Bruyette.
- Starwood Hotels (HOT) to neutral from underperform at RW Baird.
- Middlesex Water (MSEX) to buy from neutral at Janney Capital.
- Consol Energy (CNX) to buy from hold at BB&T.
Continue reading Analyst Calls: BAC, CMA, DO, HOT, ORCL, RIG, RTN, SBUX, TLB, WYNN ...
Analyst Calls: ALTR, ATHN, C, CCL, HD, JBLU, LUV, MSFT, RCL ...
- Goldman upgraded Citigroup (C) to conviction buy from buy, Principal Financial (PFG) to buy from neutral, and Stancorp Financial (SFG) and Hartford Financial (HIG) to neutral from sell.
- JetBlue (JBLU) was upgraded to overweight from neutral at JPMorgan.
- Barclays upgraded Royal Caribbean (RCL) and Carnival (CCL) upgraded to overweight from equal weight.
- Hollysys Automation (HOLI) was upgraded to buy from hold at Roth Capital.
- RBC Capital upgraded Alliance Data Systems (ADS) to outperform from sector perform.
- RRI Energy (RRI) was upgraded to buy from hold at Citigroup.
Continue reading Analyst Calls: ALTR, ATHN, C, CCL, HD, JBLU, LUV, MSFT, RCL ...
Apple's Mobile Advertising Continues to Grow
Apple, Inc. (AAPL) only entered the mobile advertising market a few months ago, but the company has already been successful at taking away crucial mobile advertising revenue from giants such as Yahoo! Inc. (YHOO) and Google, Inc. (GOOG).
Apple was definitely a late comer to the mobile advertising party, but it has nonetheless made a quick impact. According to a report from Bloomberg Businessweek today, Apple could end the year with a nice 21% share of the market.
Continue reading Apple's Mobile Advertising Continues to Grow
Google Sells Off After Missing Earnings Estimate
Shares of search engine giant Google (GOOG) fell by $19 per share (almost 4%) in after-hours trading Thursday after the California-based company was unable to hit estimates for its second quarter.As we noted in our earnings preview, Google has done very well over the past couple of years, and the company has outpaced analyst estimates each of the past seven quarters.
Continue reading Google Sells Off After Missing Earnings Estimate
Five Promising Tech Stocks
"The following technology sectors offer the best "growth-value" attractions we've found recently. Here are thumbnail sketches of their investment attractions," says Stephen Quickel.The editor of US Investment Report suggests, "They trade close to their 52-week highs with very low valuation ratios (average P/E 14.3, average PEG 0.71), plus five-year earnings growth averaging 20.2% a year. "
Google Trading Lower Despite Better Than Expected Earnings
Shares of internet search engine giant Google Inc. (GOOG) are trading sharply lower in after hours trading despite posting better than expected earnings for its first quarter.Going into this afternoon's earnings release analysts had forecast $6.60 per share, with actual earnings coming in better than expected at $6.76 excluding special items.
Continue reading Google Trading Lower Despite Better Than Expected Earnings
Businesses to Twitter: Give Us More than Analytics
Twenty-six percent of businesses using Twitter say they'd pay for the right services, and that might just be good enough.
WebBizIdeas.com polled 850 Twitter business users about what services would lead them to pry open their wallets. Three quarters of them said they either weren't crazy or were unsure about paying for additional features like analytics (31% and 43%, respectively), which sounds like a menacing amount. Yet, the size of this social media environment may make the 26% sufficient.
Continue reading Businesses to Twitter: Give Us More than Analytics
Analyst Calls: ADP, BEC, BIDU, IRM, IBM, LH, SKS, TIF, WSM ...
- Kaufman Bros. upgraded Baidu (BIDU) to buy from hold and raised its target price for shares to $690 from $540 after Google (GOOG) said it has stopped censoring its search services on Google.cn in China. The firm believes the Chinese government is likely to restrict access to Google's site now, a move that would benefit Baidu.
- Baird upgraded Autoliv (ALV) to outperform from neutral and raised its target to $60 from $47. The firm cites valuation and strong revenue performance for the upgrade.
- Jesup & Lamont upgraded Tiffany (TIF) to buy from hold following the company's Q4 results and better-than-expected guidance. The firm has a $55 price target for shares.
- Automatic Data Processing (ADP) was upgraded to neutral from underperform at Cowen.
- American Superconductor (AMSC) was upgraded to buy from hold at Jefferies.
- Saks (SKS) was upgraded to overweight from neutral at JPMorgan.
Continue reading Analyst Calls: ADP, BEC, BIDU, IRM, IBM, LH, SKS, TIF, WSM ...
Twitter May Chirp Its Commercial Accounts Next Month
Twitter's a pretty lucky company. Few get two bytes at the hype apple in rapid succession, but this social media platform has found a way to make up for its disappointing announcement about its advertising model. According to VentureBeat, Twitter might unveil its long-awaited, heavily-hyped and possibly investor-satisfying corporate accounts. Next month, at its inaugural Chirp developer conference, we could finally see what might just be the foundation of Twitter's business model.
Continue reading Twitter May Chirp Its Commercial Accounts Next Month
Analyst Upgrades, Downgrades and Initiations: ADS, CL, DWA, MON, MS, SBUX, WFC ...
- FBR Capital upgraded Wells Fargo (WFC) to market perform from underperform and raised its target on shares to $26 from $21 following the company's better-than-expected quarter.
- Deutsche Bank upgraded Starbucks (SBUX) to buy from hold following the company's better-than-expected Q1 results. The firm raised its target price on shares to $30 from $19.
- UBS upgraded Dreamworks (DWA) to buy from neutral, citing upside from its upcoming film releases. The firm raised its target to $50 from $35.
- Colgate (CL) was upgraded to conviction buy from buy at Goldman.
- F5 Networks (FFIV) was upgraded to buy from neutral at BofA/Merrill.
- Applied Industrial (AIT) was upgraded to overweight from equal weight at Stephens.
Continue reading Analyst Upgrades, Downgrades and Initiations: ADS, CL, DWA, MON, MS, SBUX, WFC ...
Analyst Upgrades, Downgrades and Initiations: ADS, ANF, BCS, EXC, HRS, KO, TJX, WEN ...
- JPMorgan upgraded Alliance Data Systems (ADS) to overweight from neutral to reflect potential upside to 2010 estimates. The firm raised its target on shares to $84 from $68.
- JMP Securities upgraded SVB Financial (SIVB) to outperform from market perform and has a $54 target on the stock. The firm believes industry conditions are improving and that the recent TARP repayment is a positive sign regarding credit and liquidity.
- Citigroup upgraded Agrium (AGU) to buy from hold on expectations that 2010 will bring a recovery in fertilizer volumes. The firm raised its target price on shares to $82 from $64.
- Edwards Lifesciences (EW) was upgraded to conviction buy from buy at Goldman.
- Barclays (BCS) was upgraded to buy from neutral at UBS.
- Tower Bancorp (TOBC) was upgraded to outperform from market.
Analyst upgrades, downgrades and initiations: ART, BBY, HEV, NVDA, OSG, RDS.A ...
- FBR Capital upgraded Overseas Shipholding (NYSE: OSG) to Outperform from Market Perform following the Q3 results as it believes the worst quarters are behind the company. The firm raised its target on shares to $48 from $35.
- Deutsche Bank upgraded Corporate Executive Board (NASDAQ: EXBD) to Hold from Sell following the Q3 results to reflect the company's lower costs. The firm raised its target on shares to $22 from $18.
- RBC Capital upgraded Enbridge (NYSE: EEQ) to Sector Perform from Underperform after the company's partnership produced significantly higher than expected DCF. In addition, the firm raised its price target by $5 per unit to $46 to reflect an improved distribution schedule and more favorable debt leverage.
- Royal Dutch Shell (NYSE: RDS.A) was upgraded to Neutral from Underperform at Credit Suisse.
- BioForm Medical (NASDAQ: BFRM) was upgraded to Overweight from Neutral at Piper Jaffray.
- Alliance Data Systems (NYSE: ADS) was upgraded to Buy from Neutral at SunTrust.
Continue reading Analyst upgrades, downgrades and initiations: ART, BBY, HEV, NVDA, OSG, RDS.A ...
Facebook shoots for search victory
Modest goals don't seem to be on the agenda for Facebook. Sheryl Sandberg, the company's chief operating officer, is shooting for Google (NASDAQ: GOOG). The social networking company seeks its ad market as rivaling (or even surpassing) Google's search ad market in size. Facebook says it's on target to bring in $500 million in revenue this year (Sandberg didn't confirm it, though).
With its 300 million users, Sandberg has been trying to convince the world that her company has a solid business model in place. The perception that eyeballs don't necessarily equal dollars, born of the internet boom a decade ago, isn't necessarily true any more, as demonstrated by Google's ability to monetize search (and hit record profits) has demonstrated. For the third quarter of 2009, the search engine giant raked in net revenue of $4.38 billion.
Analyst upgrades, downgrades and initiations: CBRL, GAME, LO, NKE, RAIL, TGT, WMT ...
- Kaufman Bros. upgraded American Superconductor (NASDAQ: AMSC) to Buy from Hold as it believes the follow-on contract from Sinovel has positive implications. The firm has a $36 price target on shares.
- Goldman upgraded Nike (NYSE: NKE) to Buy from Neutral citing valuation, visible long-term growth, and signs of sales stabilization. The firm has a $75 target on shares.
- Deutsche Bank upgraded Huntington Bancshares (NASDAQ: HBAN) to Buy from Hold on valuation following the recent underperformance. The firm raised its target on shares to $5.50 from $4.
- Novartis (NYSE: NVS) was upgraded to Buy from Hold at Citigroup.
- eHealth (NASDAQ: EHTH) was upgraded to Buy from Accumulate at ThinkEquity.
- China Precision Steel (NASDAQ: CPSL) was upgraded to Hold from Sell at Roth Capital.
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