BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Has Advance Auto's Pullback Created an Opportunity?]]>http://www.bloggingstocks.com/2011/03/03/has-advance-autos-pullback-created-an-opportunity/http://www.bloggingstocks.com/2011/03/03/has-advance-autos-pullback-created-an-opportunity/http://www.bloggingstocks.com/2011/03/03/has-advance-autos-pullback-created-an-opportunity/#commentsFiled under:

Advance Auto Parts (AAP) logoAdvance Auto Parts (AAP), first discussed here on May 19, 2009, at a price of $43.38 -- a play of the year in 2010 -- may qualify for a similar award in 2011.

Advance Auto's shares have pulled back about 10% this winter to about $63, but view that retreat as an opportunity to scoop up shares, if you missed the $43 entry point, as AAP will likely resume heading north soon.

Continue reading Has Advance Auto's Pullback Created an Opportunity?

Has Advance Auto's Pullback Created an Opportunity? originally appeared on BloggingStocks on Thu, 03 Mar 2011 13:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPAdvance Auto PartsAdvance Auto Parts revenue forecastfeaturedThu, 03 Mar 2011 13:00:00 EST<![CDATA[AutoZone Fiscal Q2 Earnings Preview]]>http://www.bloggingstocks.com/2011/02/28/autozone-fiscal-q2-earnings-preview/http://www.bloggingstocks.com/2011/02/28/autozone-fiscal-q2-earnings-preview/http://www.bloggingstocks.com/2011/02/28/autozone-fiscal-q2-earnings-preview/#commentsFiled under: ,

Autozone Earnings PreviewThe earnings season is winding to a close, but there are still some big names left to report, including AutoZone Inc. (AZO), which will report its fiscal second quarter results before the market opens on Tuesday.

Going into tomorrow's earnings report, analysts are expecting to see Autozone announce earnings of $3.06 per share. During the same period last year the company had earnings of $2.46.

Continue reading AutoZone Fiscal Q2 Earnings Preview

AutoZone Fiscal Q2 Earnings Preview originally appeared on BloggingStocks on Mon, 28 Feb 2011 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPadvance auto partsautoauto partsauto salesAutoZoneAZOearningsearnings previewfeaturedMon, 28 Feb 2011 15:00:00 EST<![CDATA[Advance Auto Parts: Another Used Car Maintenance Success Story]]>http://www.bloggingstocks.com/2010/12/17/advance-auto-parts-another-used-car-maintenance-success-story/http://www.bloggingstocks.com/2010/12/17/advance-auto-parts-another-used-car-maintenance-success-story/http://www.bloggingstocks.com/2010/12/17/advance-auto-parts-another-used-car-maintenance-success-story/#commentsFiled under:

Advance Auto Parts (AAP), first discussed here on May 19, 2009, at a price of $43.38, like a couple other auto parts stocks, may qualify for the 2010 play-of-the-year.

Advance Auto's stock has risen in staircase fashion from about $41 in April to about $67 today, and there's more upside ahead.

Continue reading Advance Auto Parts: Another Used Car Maintenance Success Story

Advance Auto Parts: Another Used Car Maintenance Success Story originally appeared on BloggingStocks on Fri, 17 Dec 2010 15:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPAdvance Auto PartsfeaturedFri, 17 Dec 2010 15:30:00 EST<![CDATA[Advance Auto Parts: Ride the Used Car Maintenance Wave]]>http://www.bloggingstocks.com/2010/09/14/advance-auto-parts-ride-the-used-car-maintenance-wave/http://www.bloggingstocks.com/2010/09/14/advance-auto-parts-ride-the-used-car-maintenance-wave/http://www.bloggingstocks.com/2010/09/14/advance-auto-parts-ride-the-used-car-maintenance-wave/#commentsFiled under:

During uncertain economic conditions, it's best to consider investing in a demonstrated business model or two, and auto parts chain Advance Auto Parts (AAP), first discussed here on May 19, 2009 at a price of $43.38, is one.

Advance Auto's 2010 sales will likely increase 5-7% in 2010, followed by a 4-6% gain in 2011, boosted by the opening of about 150 new stores. Same store sales should increase 4-6% in 2010.

Also, margins should increase, aided by efficiency improvements, and market-appropriate prices.

Continue reading Advance Auto Parts: Ride the Used Car Maintenance Wave

Advance Auto Parts: Ride the Used Car Maintenance Wave originally appeared on BloggingStocks on Tue, 14 Sep 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPAdvance Auto Partscar repairscarsTue, 14 Sep 2010 16:40:00 EST<![CDATA[Get into the Buying Zone with AutoZone]]>http://www.bloggingstocks.com/2010/07/08/get-into-the-buying-zone-with-autozone/http://www.bloggingstocks.com/2010/07/08/get-into-the-buying-zone-with-autozone/http://www.bloggingstocks.com/2010/07/08/get-into-the-buying-zone-with-autozone/#commentsFiled under: ,

If you're looking for a stock that you can ride higher even if the market can't sustain a bullish rally, you might want to take a look at AutoZone, Inc. (AZO).

AutoZone has been on a tear since November 2009 -- rising at a 45-degree angle on its chart from $135 to $200. Whenever the overall market has pulled back, AutoZone has withstood the bearish pressure and moved higher.

Continue reading Get into the Buying Zone with AutoZone

Get into the Buying Zone with AutoZone originally appeared on BloggingStocks on Thu, 08 Jul 2010 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>aapadvance auto partsautozoneazopbyPep BoysThu, 08 Jul 2010 17:00:00 EST<![CDATA[Advance Auto: Used Car Maintenance Play]]>http://www.bloggingstocks.com/2010/05/12/advance-auto-used-car-maintenance-play/http://www.bloggingstocks.com/2010/05/12/advance-auto-used-car-maintenance-play/http://www.bloggingstocks.com/2010/05/12/advance-auto-used-car-maintenance-play/#commentsFiled under:

It goes without saying that auto parts chains are favored in this neck of the woods. And Advance Auto Parts (AAP), first discussed here on May 19, 2009 at a price of $43.38, fits the bill.

Look for AAP's 2010 sales to increase 5-7% in 2010, followed by a 4-6% gain in 2011, aided by the opening of about 150 new stores. Same store sales should increase 2-3% in 2010.

Meanwhile, margins should increase, aided by efficiency improvements, and better price determinations.

Continue reading Advance Auto: Used Car Maintenance Play

Advance Auto: Used Car Maintenance Play originally appeared on BloggingStocks on Wed, 12 May 2010 13:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPAdvance Auto PartsWed, 12 May 2010 13:30:00 EST<![CDATA[Advance Auto's Sell-Off Appears to Be Over]]>http://www.bloggingstocks.com/2010/02/17/advance-auto-s-sell-off-appears-to-be-over/http://www.bloggingstocks.com/2010/02/17/advance-auto-s-sell-off-appears-to-be-over/http://www.bloggingstocks.com/2010/02/17/advance-auto-s-sell-off-appears-to-be-over/#commentsFiled under:

Advance Auto Parts (AAP), which I first wrote about on May 19, 2009, at a price of $43.38, is a company I still like, for several reasons.

Look for AAP's revenue to increase a healthy 6% to 8% in FY2010, driven by both same store sales gains and the opening of about 100 new stores.

Continue reading Advance Auto's Sell-Off Appears to Be Over

Advance Auto's Sell-Off Appears to Be Over originally appeared on BloggingStocks on Wed, 17 Feb 2010 17:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPAdvance Auto Partsautomotivecar partsCarPartsused carsUsedCarsWed, 17 Feb 2010 17:20:00 EST<![CDATA[The Week in Preview: A First Look at Retail: Walmart, JCPenney and Others]]>http://www.bloggingstocks.com/2010/02/14/the-week-in-preview-a-first-look-at-retail-walmart-jcpenney-a/http://www.bloggingstocks.com/2010/02/14/the-week-in-preview-a-first-look-at-retail-walmart-jcpenney-a/http://www.bloggingstocks.com/2010/02/14/the-week-in-preview-a-first-look-at-retail-walmart-jcpenney-a/#commentsFiled under: , , , ,

As so often happens at this point in the earnings season, focus begins to shift to the results from retailers. And the world's largest retailer is among those that step into the spot light this week.

Analysts surveyed by Thomson Reuters are looking for Wal-Mart Stores Inc. (WMT), which was aggressively competitive during the holiday shopping season and also recently announced a new global strategy, to report fourth-quarter earnings of $1.12 per share, up from $1.03 per share in the year-ago period. Revenue for the three months that ended in January is expected to have risen 4.9% to $114.5 billion. The full-year forecast calls for earnings of $3.61 per share (+5.3%) on $409.1 billion in revenue (+0.9%). Walmart has not missed earnings estimates in the past five quarters.

Continue reading The Week in Preview: A First Look at Retail: Walmart, JCPenney and Others

The Week in Preview: A First Look at Retail: Walmart, JCPenney and Others originally appeared on BloggingStocks on Sun, 14 Feb 2010 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Abercrombie and FitchAdvance Auto PartsANFAPPCABCabelasDENNDennysearningsfeaturedGenuine PartsGoodyearGPCGTHormelHRLJCPJCPenneyKFTKraft FoodsOReilly AutomotiveORLYPCLNPriceline.comWal-MartWalmartWFMIWhole FoodsWINNWinn-DixieWMTSun, 14 Feb 2010 12:30:00 EST<![CDATA[Earnings highlights: AutoZone, Ciena, Costco, FedEx, Krispy Kreme, Kroger, MetLife, 3M ...]]>http://www.bloggingstocks.com/2009/12/12/earnings-highlights/http://www.bloggingstocks.com/2009/12/12/earnings-highlights/http://www.bloggingstocks.com/2009/12/12/earnings-highlights/#commentsFiled under: , , , , , , , , , , ,

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

  • Advance Auto Parts Inc. (AAP) was downgraded due to concerns about its 2010 earnings outlook.
  • Analogic Corp. (ALOG) received an analyst's downgrade after it reported weaker-than-expected earnings.
  • AutoZone Inc. (AZO) strong Q1 results beat earnings expectations, but shares rose only a little.
  • BWAY Holding Co. (BWY) received an analyst's upgrade following release of its Q4 results.
  • Casey's General Stores Inc. (CASY) topped Q2 earnings estimates but lower revenue fell short.
  • Ciena Corp. (CIEN) shares plummeted after it fell short of its earnings expectations for Q4.

Continue reading Earnings highlights: AutoZone, Ciena, Costco, FedEx, Krispy Kreme, Kroger, MetLife, 3M ...

Earnings highlights: AutoZone, Ciena, Costco, FedEx, Krispy Kreme, Kroger, MetLife, 3M ... originally appeared on BloggingStocks on Sat, 12 Dec 2009 11:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>3MAAPAdvance Auto PartsALOGAnalogicAutoZoneAZOBWAYBWYCaseys General StoresCASYCIENCienaCOSTCostcoDGDollar GeneralearningsFDXFedExFIZZGEFGreifH and R BlockHRBKDKKDKrispy KremeKrogerMETMetLifeMMMMOVMovadoNational BeverageSFDSmithfield FoodsTexas InstrumentsTXNXilinxXLNXSat, 12 Dec 2009 11:20:00 EST<![CDATA[AutoZone earnings preview: A cash-for-clunkers dip?]]>http://www.bloggingstocks.com/2009/12/07/autozone-earnings-preview-a-cash-for-clunkers-dip/http://www.bloggingstocks.com/2009/12/07/autozone-earnings-preview-a-cash-for-clunkers-dip/http://www.bloggingstocks.com/2009/12/07/autozone-earnings-preview-a-cash-for-clunkers-dip/#commentsFiled under: , ,

AutoZone Inc. (AZO), the nation's largest aftermarket auto parts chain, is scheduled to discuss its financial results for the fiscal first quarter in a conference call Tuesday, December 8, at 10:00 AM (ET). You can catch the live webcast of the call on the company's website.

The three months that ended in November saw the Cash for Clunkers program, and the Memphis-based company became the parts supplier for the state of Arkansas. Analysts surveyed by Thomson Reuters expect Autozone to report that its earnings rose 16.2% from a year ago to $2.66 per share. Revenue for the quarter is expected to total $1.6 billion, 7.4% higher than a year ago.

Continue reading AutoZone earnings preview: A cash-for-clunkers dip?

AutoZone earnings preview: A cash-for-clunkers dip? originally appeared on BloggingStocks on Mon, 07 Dec 2009 17:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPAdvance Auto PartsAutoZoneAZOCash for ClunkersearningsMon, 07 Dec 2009 17:15:00 EST<![CDATA[Advance Auto Parts: Pull-back is buy opportunity]]>http://www.bloggingstocks.com/2009/11/30/advance-auto-parts-pull-back-is-buy-opportunity/http://www.bloggingstocks.com/2009/11/30/advance-auto-parts-pull-back-is-buy-opportunity/http://www.bloggingstocks.com/2009/11/30/advance-auto-parts-pull-back-is-buy-opportunity/#commentsFiled under:

Advance Auto Part's (AAP) stock has retreated about $7 since mid-summer, but I'm nevertheless reiterating my buy rating for the company, first recommended on May 19, 2009 at a price of $43.38. Here's why.

Advance Auto's stock appears to be the victim of some tad-early, year-end, profit-taking by short-term institutional investors (IIs). AAP posted Q3 EPS of 65 cents -- very close to the First Call Q3 EPS estimate of 66 cents; AAP also reported a 4.7% increase in same store sales in Q3. The two data points helped AAP recover slightly from its $47 to $37 swoon, with shares now trading at/near $39.50, supporting the analysis that the preceding plunge has the look of selected institutions 'getting out, early' ahead of the December crush.

Continue reading Advance Auto Parts: Pull-back is buy opportunity

Advance Auto Parts: Pull-back is buy opportunity originally appeared on BloggingStocks on Mon, 30 Nov 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>advance auto partsAdvanceAutoPartsautomobilecar repairCarRepaircarsMon, 30 Nov 2009 17:00:00 EST<![CDATA[The week in preview: Earnings from Walmart, Macy's, and other retailers]]>http://www.bloggingstocks.com/2009/11/08/the-week-in-preview-earnings-from-walmart-macys-and-other-re/http://www.bloggingstocks.com/2009/11/08/the-week-in-preview-earnings-from-walmart-macys-and-other-re/http://www.bloggingstocks.com/2009/11/08/the-week-in-preview-earnings-from-walmart-macys-and-other-re/#commentsFiled under: , , , ,

The conventional wisdom is that consumer spending is what drives the U.S. economy. And consumer spending arises out of consumer confidence. Unfortunately, the signals along the road to economic recovery are mixed, what with the rising GDP growth and the dismal unemployment numbers. Its enough to leave investors scratching their heads. What barometers of consumer confidence will the coming week bring?

The TIPP Economic Optimism Index for November is scheduled for Tuesday, and the University of Michigan Consumer Sentiment Index for November is due out Friday.

Continue reading The week in preview: Earnings from Walmart, Macy's, and other retailers

The week in preview: Earnings from Walmart, Macy's, and other retailers originally appeared on BloggingStocks on Sun, 08 Nov 2009 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAAPAbercrombieAdvance Auto PartsAgilentAMATANFApplied MaterialsBBIBlockbusterconsumer confidenceconsumer spendingDISfeaturedGapGPSJCPJCPenneyJWNKohlsKSSMacysMBIMBIANordstromUrban OutfittersURBNWal-MartWalmartWalt DisneyWMTSun, 08 Nov 2009 12:30:00 EST<![CDATA[Advance Auto Parts: Pull-back creates Buy opportunity]]>http://www.bloggingstocks.com/2009/09/18/advance-auto-parts-pull-back-creates-buy-opportunity/http://www.bloggingstocks.com/2009/09/18/advance-auto-parts-pull-back-creates-buy-opportunity/http://www.bloggingstocks.com/2009/09/18/advance-auto-parts-pull-back-creates-buy-opportunity/#commentsFiled under:

Advance Auto Parts (NYSE: AAP) has pulled-back about $4 since first recommended on May 19, 2009 at a price of $43.38, but view that as a Buy opportunity.

That's because an argument can be made that auto repair represents one of the best sectors over the next one-two years. Here's why:

Continue reading Advance Auto Parts: Pull-back creates Buy opportunity

Advance Auto Parts: Pull-back creates Buy opportunity originally appeared on BloggingStocks on Fri, 18 Sep 2009 16:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPAdvance Auto PartsAdvanceAutoPartsFri, 18 Sep 2009 16:15:00 EST<![CDATA[The week in preview: Eye on retail -- Walmart, Macy's, Blockbuster ...]]>http://www.bloggingstocks.com/2009/08/09/the-week-in-preview-eye-on-retail-walmart-macys-blockbust/http://www.bloggingstocks.com/2009/08/09/the-week-in-preview-eye-on-retail-walmart-macys-blockbust/http://www.bloggingstocks.com/2009/08/09/the-week-in-preview-eye-on-retail-walmart-macys-blockbust/#commentsFiled under: , , , , , ,

Last week offered mixed messages about whether an economic recovery is indeed underway. The unemployment figures were not as bad as feared, but July sales numbers were nothing to write home about, despite the wild popularity of the so-called cash-for-clunkers program.

The question is, where has consumer confidence (and consumer spending) been? Retail is a good place to look, and as it turns out, this week several shopping mall and strip mall favorites will be reporting earnings for the most recent quarter.

Continue reading The week in preview: Eye on retail -- Walmart, Macy's, Blockbuster ...

The week in preview: Eye on retail -- Walmart, Macy's, Blockbuster ... originally appeared on BloggingStocks on Sun, 09 Aug 2009 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPAbercrombie and FitchAdvance Auto PartsANFAutoZoneAZOBBIBlockbusterconsumer confidenceconsumer sentimentearningsETHEthan AllenfeaturedFOSLFossilJCPJCPenneyJWNKohlsKSSMacysNetflixNFLXNordstromRed RobinRRGBSara LeeSLETargetTGTTIPP Economic Optimism IndexUrban OutfittersURBNWalmartWMTSun, 09 Aug 2009 12:30:00 EST<![CDATA[Analyst upgrades, downgrades and initiations: WTR, GIL, STT, EHTH, AKZOY, MEOH, UTHR and HGG]]>http://www.bloggingstocks.com/2009/05/19/analyst-upgrades-downgrades-and-initiations-wtr-gil-stt-eht/http://www.bloggingstocks.com/2009/05/19/analyst-upgrades-downgrades-and-initiations-wtr-gil-stt-eht/http://www.bloggingstocks.com/2009/05/19/analyst-upgrades-downgrades-and-initiations-wtr-gil-stt-eht/#commentsFiled under: , ,

Analyst upgrades:
  • Janney Montgomery upgraded Aqua America (NYSE: WTR) to Buy from Neutral on valuation, viewing the recent weakness as a buying opportunity. The firm has a $19 target on the stock.
  • UBS upgraded Gildan Activewear (NYSE: GIL) to Buy from Neutral due to customer Broder's improved liquidity and the improved outlook for margins.
  • RBC Capital upgraded State Street (NYSE: STT) to Top Pick from Outperform and raised its target to $55 from $40. The analyst said the $2B capital raise addresses TCE ratio concerns and large unrealized losses in the investment portfolio.
  • Sherwin-Williams (NYSE: SHW) was upgraded to Overweight from Neutral at JP Morgan.
  • Advance Auto Parts (NYSE: AAP) was upgraded to Buy from Underperform at Banc of America/Merrill.
  • M&T Bank (NYSE: MTB) was upgraded to Outperform from Market Perform at Bernstein.

Continue reading Analyst upgrades, downgrades and initiations: WTR, GIL, STT, EHTH, AKZOY, MEOH, UTHR and HGG

Analyst upgrades, downgrades and initiations: WTR, GIL, STT, EHTH, AKZOY, MEOH, UTHR and HGG originally appeared on BloggingStocks on Tue, 19 May 2009 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPadvance auto partsAdvanceAutoPartsakzo nobelAkzoNobelAKZOYAqua AmericaAquaAmericacogdell-spencerCSAehealthehealthinsuranceEHTHembraerERJGILgildan activewearGildanActivewearHGGhhgregglifepointlifepoint hospitalsLifepointHospitalsLPNTMEOHMethanexMT BankMTBMtBankMYGNmyriadmyriad geneticsmyriadgeneticssherwin williamssherwin-williamsSherwinWilliamsSHWstate streetstate street corporationStateStreetStateStreetCorporationSTTunited therapeuticsUnitedTherapeuticsUTHRWillis GroupWillisGroupWSHWTRTue, 19 May 2009 11:00:00 EST<![CDATA[Advance Auto Parts (AAP) gives bleak forecast]]>http://www.bloggingstocks.com/2008/10/07/advance-auto-parts-aap-gives-bleak-forecast/http://www.bloggingstocks.com/2008/10/07/advance-auto-parts-aap-gives-bleak-forecast/http://www.bloggingstocks.com/2008/10/07/advance-auto-parts-aap-gives-bleak-forecast/#commentsFiled under: , , , ,

AAP logoAdvance Auto Parts (NYSE: AAP - option chain) shares are dropping today after the company forecast a third-quarter profit of 57 cents per share, coming in way below analysts' estimates of 66 cents per share. 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 AAP.

This morning, AAP opened at $31.96. So far today the stock has hit a low of $27.73 and a high of $32.78. As of 12:05, AAP is trading at $29.71, down $4.66 (-13.6%). The chart for AAP looks neutral and S&P gives AAP a 3 STARS (out of 5) hold ranking.

For a bearish hedged play on this stock, I would consider a December bear-call credit spread above the $40 range.

Continue reading Advance Auto Parts (AAP) gives bleak forecast

Advance Auto Parts (AAP) gives bleak forecast originally appeared on BloggingStocks on Tue, 07 Oct 2008 13:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPadvance auto partsAdvanceAutoPartsforecastinthenewsInvestors ObserverInvestorsObserveroptionsTue, 07 Oct 2008 13:45:00 EST<![CDATA[Analyst upgrades 6-05-07: AAP, SLR, CCL and RCL]]>http://www.bloggingstocks.com/2007/06/05/analyst-upgrades-6-05-07-aap-slr-ccl-and-rcl/http://www.bloggingstocks.com/2007/06/05/analyst-upgrades-6-05-07-aap-slr-ccl-and-rcl/http://www.bloggingstocks.com/2007/06/05/analyst-upgrades-6-05-07-aap-slr-ccl-and-rcl/#commentsFiled under: , , , ,

MOST NOTEWORTHY: Advance Auto Parts Inc (NYSE: AAP), Solectron Corporation (NYSE: SLR), Carnival Corporation (NYSE: CCL) and Royal Caribbean Cruises Ltd (NYSE: RCL) and were today's noteworthy upgrades:
  • JP Morgan upgraded shares of Advance Auto Parts to Neutral from Underweight citing increased confidence in the company's turnaround efforts.
  • Solectron was upgraded to Neutral from Underperform at Credit Suisse to reflect the company's acquisition by Flextronics International (NASDAQ: FLEX).
  • Carnival was upgraded to Strong Buy from Outperform and Royal Caribbean was upgraded to Outperform from Market Perform at Raymond James.
OTHER UPGRADES:
  • BHP Billiton Ltd (NYSE: BHP) was upgraded to Buy from Hold at Citigroup on valuation and their expectations for higher commodity prices.
  • Matrix USA upgraded shares of Callaway Golf Company (NYSE: ELY) to Hold from Strong Sell, as the firm believes growing demand for new products is driving positive fundamental trends.
  • Lehman upgraded Dow Chemical (NYSE: DOW) to Overweight from Equal Weight, citing the potential for an accretive acquisition of buyback.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst upgrades 6-05-07: AAP, SLR, CCL and RCL originally appeared on BloggingStocks on Tue, 05 Jun 2007 11:25:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aapadvance auto partsAdvanceAutoPartsanalystbhpcallawaycarnivalccldowelyflexflextronicsrclroyal caribbeanRoyalCaribbeanslrsolectronupgradeTue, 05 Jun 2007 11:25:00 EST<![CDATA[Analyst downgrades 5-08-07: AH, AL, AAP, ROC and RTRSY]]>http://www.bloggingstocks.com/2007/05/08/analyst-downgrades-5-08-07-ah-al-aap-roc-and-rtrsy/http://www.bloggingstocks.com/2007/05/08/analyst-downgrades-5-08-07-ah-al-aap-roc-and-rtrsy/http://www.bloggingstocks.com/2007/05/08/analyst-downgrades-5-08-07-ah-al-aap-roc-and-rtrsy/#commentsFiled under: , , ,

MOST NOTEWORTHY: Today's most noteworthy downgrades included Armor Holdings, Inc (AH), Alcan Inc (AL), Advance Auto Parts, Inc (AAP) and Reuters Group PLC (RTRSY):
  • Armor Holdings Inc (NYSE: AH) was downgraded to Neutral from Overweight at JP Morgan based on the news that the company will be sold to BAE Systems PLC (BAESY) for $88 a share in cash. The firm expects the deal to close with no higher offers. Bear Stearns cut Armor Holdings to Peer Perform from Outperform and Friedman Billings cut shares of the vehicle armorer to Market Perform from Outperform.
  • Alcan Inc (NYSE: AL) was cut to Neutral from Buy at Bank of America and DA Davidson following the Alcoa (AA) bid.
  • Baird cut Advance Auto Parts (NYSE: AAP) to Neutral from Outperform following CEO Michael Coppola's resignation. Kevin Dann downgraded Advance to Hold from Buy to reflect an increased level of uncertainty following Mr. Coppola's departure.
  • Lehman Brothers downgraded Reuters Group (NASDAQ: RTRSY) to Equal Weight from Overweight pending further information on the Thompson Corp (TOC) bid; Credit Suisse cut shares to Neutral from Outperform and Deutsche Bank cut shares to Hold from Buy.
OTHER DOWNGRADES:
  • Matrix downgraded UST Inc (NYSE: UST) to Sell from Hold.
  • Wachovia cut Rowan Cos (NYSE: RDC) to Market Perform from Outperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst downgrades 5-08-07: AH, AL, AAP, ROC and RTRSY originally appeared on BloggingStocks on Tue, 08 May 2007 10:54:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aaaapadvance auto partsAdvanceAutoPartsahalalcanalcoaanalystarmor holdingsArmorHoldingsbae systemsbaesyBaeSystemsdowngradeentegrisentggolden starGoldenStargssratingrdcreutersrowanrtrsytheflyonthewall.comthompsontocustTue, 08 May 2007 10:54:00 EST