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U.S. Futures Mixed Ahead of Jobless Claims

U.S. stock futures are mixed Thursday morning as investors await jobless claims data at 8:30 ET. Futures for the Dow Jones Industrial Average gained 4 points to 12,290.00 and S&P 500 index futures fell 0.40 point to 1,323.50. Nasdaq 100 futures dropped 1 point to 2,333.50.

Negative sentiment ruled the European markets today. While STOXX Europe 600 Index has dropped 0.55%, London's FTSE 100 Index moved down 0.17%.

Continue reading U.S. Futures Mixed Ahead of Jobless Claims

Fed Loans During the Meltdown: A Story for the Record Books

It's a story for the record books. You could not have made this stuff up, it's so incredible.

The story deals with the behind the scenes activities of the Federal Reserve during the financial meltdown. The data revealed by the Fed and chronicled in the Wall Street Journal tell of the multi-trillion dollar loans the Fed made to financial institutions here in the US and abroad. In all, the Fed set up 10 different programs and lent some $3.3 trillion of credit.

Continue reading Fed Loans During the Meltdown: A Story for the Record Books

Analyst Calls: ATH, ANDE, BLK, BUCY, ITRI, LEAP, LM, PFG, SF, STP ...

Analyst Upgrades

  • Stifel Financial (SF) and CVR Energy (CVI) to buy from neutral and Principal Financial (PFG) to conviction buy from buy at Goldman.
  • Suntech (STP) to buy from hold at Auriga.
  • Internap (INAP) to outperform from sector perform at RBC Capital.
  • Andersons (ANDE) to buy from hold at BB&T.

Continue reading Analyst Calls: ATH, ANDE, BLK, BUCY, ITRI, LEAP, LM, PFG, SF, STP ...

Analyst Calls: AMD, BLK, CSX, DKS, GME, HGSI, HON, KEY, NSC, STP, ZION ...

Analyst Upgrades

  • Goldman upgraded CSX (CSX) to neutral from sell.
  • General Cable (BGC) was upgraded to buy from hold at KeyBanc.
  • Morgan Stanley upgraded Chart Industries (GTLS) and Dresser Rand (DRC) to overweight from equal weight.
  • Blackrock (BLK) was upgraded to outperform from neutral at Macquarie.
  • Credit Suisse upgraded Zions Bancorp (ZION) to neutral from underperform and GameStop (GME) to outperform from neutral.
  • Honeywell (HON) was upgraded to outperform from sector perform at RBC Capital.
  • Panera Bread (PNRA) was upgraded to buy from neutral at SunTrust.

Continue reading Analyst Calls: AMD, BLK, CSX, DKS, GME, HGSI, HON, KEY, NSC, STP, ZION ...

Analyst Calls: AA, AOL, BLK, CSCO, GOOG, INTC, JBL, JBLU, YHOO ...

Analyst Upgrades

  • Intel (INTC) was upgraded to overweight from equal weight and Autodesk (ADSK) to equal weight from underweight at Morgan Stanley.
  • Citigroup upgraded Blackrock (BLK) to buy from hold.
  • 99c Only Stores (NDN) was upgraded to buy from hold at Deutsche Bank.
  • PetSmart (PETM) was upgraded to overweight from equal weight at Barclays.
  • Piper Jaffray upgraded Ruth's Hospitality (RUTH) and Morton's Restaurant (MRT) to overweight from neutral.
  • BioMed Realty (BMR) was upgraded to market perform from underperform at FBR Capital.
  • Wells Fargo upgraded Piedmont (PDM) to market perform from underperform.

Continue reading Analyst Calls: AA, AOL, BLK, CSCO, GOOG, INTC, JBL, JBLU, YHOO ...

Analyst Calls: ACLI, ADM, ANF, BLK, BP, COST, EMC, FO, NE, PEET, UNFI ...

Analyst Upgrades

  • Deutsche Bank upgraded EMC (EMC) to buy from hold after channel checks indicated storage demand remains solid. The firm sees potential upside in 2011 from the company's new products and upped its target for shares to $25 from $20.
  • BB&T upgraded American Commercial (ACLI) to buy with a $50 target based on pricing leverage and cost reductions.
  • Argus upgraded Abercrombie (ANF) to buy with a $52 target based on accelerating comps.
  • PerkinElmer (PKI) was upgraded to equal weight from underweight at Barclays.
  • Valeant (VRX) was upgraded to market perform from underperform at Wells Fargo with a $26 to $28 valuation range.
  • Blackrock (BLK) was upgraded to buy from hold at Deutsche Bank.

Continue reading Analyst Calls: ACLI, ADM, ANF, BLK, BP, COST, EMC, FO, NE, PEET, UNFI ...

Analyst Calls: A, ARST, BAC, C, COST, CRM, DPS, GS, JPM, MS, MTB, VOD ...

Analyst Upgrades

  • Piper Jaffray upgraded Salesforce.com (CRM) to overweight from neutral, citing valuation following the recent sell-off and strong business trends. The firm has a $115 price target for shares.
  • Keefe Bruyette upgraded M&T Bank (MTB) to market perform from underperform on valuation after AIB sold its stake in the company. The firm has a $72 price target for shares.
  • Jefferies upgraded OGE Energy (OGE) to buy from hold following the announcement that ArcLight will purchase 9.9% of OGE's interest in Enogex for $183M and believes this deal highlights the hidden value associated with Enogex. The firm raised its price target to $51.50 from $43.
  • Thomas & Betts (TNB) was upgraded to outperform from perform at Oppenheimer.
  • Bayer (BAYRY) was upgraded to buy from neutral at UBS.
  • Texas Roadhouse (TXRH) was upgraded to outperform from neutral at Baird.

Continue reading Analyst Calls: A, ARST, BAC, C, COST, CRM, DPS, GS, JPM, MS, MTB, VOD ...

Analyst Calls: AAPL, BLK, BTU, CL, MOT, MSFT, PCG, RIMM, SVR, SWIR ...

Analyst Upgrades

  • RBC Capital upgraded Syniverse (SVR) to outperform from sector perform based on strong secular growth in mobile data and roaming. The firm raised its price target to $28 from $23.
  • Deutsche Bank upgraded PG&E (PCG) to buy from hold with a $49 price target due to valuation.
  • Jefferies assumed coverage on Sierra Wireless (SWIR) with a buy from a hold and raised its price target to $12 from $9. The analyst expects the M2M market to experience 25% growth over the next two years.
  • Affiliated Managers (AMG) was upgraded to buy from neutral at Goldman.
  • EastGroup Properties (EGP) was upgraded to buy from neutral at UBS.
  • Gammon Gold (GRS) was upgraded to neutral from underperform at Credit Suisse.

Continue reading Analyst Calls: AAPL, BLK, BTU, CL, MOT, MSFT, PCG, RIMM, SVR, SWIR ...

Insiders Snapping Up American Superconductor, Blackrock and Others

If you are looking for clues telling you which stocks have a good chance of increasing in value, you might want consider watching what insiders are doing. After all, talk is cheap, but when insiders put their own money on the line, you should sit up and take note.

American Superconductor Corp (AMSC) topped the insider-buying charts for the week ending July 9th as insiders snapped up 200,000 shares of company stock at a market value of $6,403,500. During the past six months, insiders have increased their overall holdings in the company by 12.78% and now own 10.23% of AMSC stock.

Blackrock Inc (BLK) was not far behind, with insiders buying 41,000 shares at a market value of $6,247,268. Insiders now own 68.23% of the company's stock after decreasing their overall holdings by 0.02% during the past six months.

Continue reading Insiders Snapping Up American Superconductor, Blackrock and Others

Analyst Calls: AH, AMP, BDX, DIS, ETH, JBL, MRK, NE, NWS, TWX, VIA ...

Analyst Upgrades

  • FBR Capital upgraded Noble Corporation (NE) to outperform from market perform as it finds the company's acquisition of Frontier Drilling as smart and strategic. The firm upped its target price for shares to $42 from $36.
  • Citigroup upgraded Ameriprise (AMP) to buy from hold, citing potential margin expansion from the Columbia acquisition. The firm maintains a $50 price target for shares.
  • Thomas Weisel upgraded Jabil Circuit (JBL) to overweight from market weight, citing valuation and the company's growth prospects. The firm raised its target for shares to $20 from $18.
  • Blackrock (BLK) was upgraded to outperform from market perform at Keefe Bruyette.
  • Disney (DIS) and News Corp (NWS) were upgraded to buy from neutral at Goldman.
  • Portland General Electric (POR) was upgraded to neutral from underperform at BofA/Merrill.

Continue reading Analyst Calls: AH, AMP, BDX, DIS, ETH, JBL, MRK, NE, NWS, TWX, VIA ...

Analyst Calls: ABT, AON, APA, BX, CSIQ, FSLR, GRMN, GXDX, PCLN, RIG, XOM ...

Analyst Upgrades

  • FBR Capital upgraded Transocean (RIG) to outperform from market perform as it believes congressional hearings and reports indicate the company's blowout preventer at the Deepwater Horizon likely worked properly. The firm has an $87 price target for shares.
  • Auriga upgraded First Solar (FSLR) to buy from hold as it believes the recent sell-off in shares as created an attractive entry point. Despite upgrading, the firm lowered its target for shares to $138 from $147.
  • Soleil upgraded Priceline.com (PCLN) to buy from hold, citing a favorable risk-reward profile. Despite the upgrade, the firm lowered its target for shares to $230 from $250.
  • Blackrock (BLK) was upgraded to conviction buy from buy at Goldman.
  • Abbott (ABT) was upgraded to hold from sell at Citigroup.
  • Exxon Mobil (XOM) was upgraded to outperform from sector perform at RBC Capital.

Continue reading Analyst Calls: ABT, AON, APA, BX, CSIQ, FSLR, GRMN, GXDX, PCLN, RIG, XOM ...

Analyst Calls: BLK, CAM, GLW, HAIN, MINI, RIG, SWM, TNDM, WY ...

Analyst Upgrades

  • Argus upgraded Weyerhaeuser (WY) to buy from hold, citing the better-than-expected Q1 report and expectations that the company is about to be profitable. The firm has a $59 target on the stock.
  • Weeden upgraded Cameron (CAM) to buy from hold as it views the recent sell-off as overdone.
  • Oppenheimer upgraded Mobile Mini (MINI) to outperform from perform based on valuation and what the firm sees as the company's attractive risk/reward ratio. The firm set a $25 target.
  • Johnson Controls (JCI) was upgraded to buy from hold at Deutsche Bank.
  • EnerNOC (ENOC) was upgraded to buy from neutral at Janney Montgomery.
  • Checkpoint (CKP) was upgraded to outperform from neutral at Baird.

Continue reading Analyst Calls: BLK, CAM, GLW, HAIN, MINI, RIG, SWM, TNDM, WY ...

Earnings Highlights: Caterpillar, Comcast, DreamWorks, Ford, Kodak, P&G and More

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

  • Aflac Inc. (AFL) higher Q1 earnings were better than analysts expected, due in part to a stronger yen.
  • Automatic Data Processing Inc. (ADP) Q3 EPS were the same as a year ago and revenue inched higher.
  • BlackRock Inc. (BLK) higher Q1 earnings fell short of analysts' expectations due to acquisition-related charges.
  • Broadcom Corp. (BRCM) posted record revenue in Q1 and swung to a profit from a year-ago loss.
  • Burger King Holdings Inc. (BKC) topped Wall Street's Q3 earnings estimate, but same-store sales fell.

Continue reading Earnings Highlights: Caterpillar, Comcast, DreamWorks, Ford, Kodak, P&G and More

BlackRock Gets a Black Eye

As one of the few major financial institutions that thrived during the financial crisis, BlackRock (BLK) was smart enough to continue to find ways to get bigger and bigger. Of course, the marquee deal was the $13.5 billion acquisition of Barclays Global Investors (BGI), which focuses on the growing exchange-traded funds (ETF) industry.

However, BlackRock has experienced some choppiness. For example, the firm's stock price is down 7% in today's trading.

Continue reading BlackRock Gets a Black Eye

Analyst Calls: AA, BA, BLK, DCTH, EBAY, NBR, SBUX, STI, TWX ...

Analyst Upgrades

  • Citigroup upgraded Blackrock (BLK) to hold from sell and removed the stock from its Top Picks Live list as a sell. The firm upped its target for shares to $198 from $190.
  • Jesup & Lamont upgraded Starbucks (SBUX) to buy from hold following the company's Q2 results. The firm raised its target for shares to $32 from $25.
  • CLSA upgraded Nabors Industries (NBR) to outperform from underperform. The firm said the Q1 report was in-line with their estimate and they expect U.S. land drilling to continue to improve. The firm has a $24 price target on the stock.
  • Alcoa (AA) was upgraded to neutral from underweight at HSBC.
  • Boeing (BA) was upgraded to outperform from neutral at Credit Suisse.
  • Chipotle Mexican Grill (CMG) was upgraded to buy from hold at Jefferies.

Continue reading Analyst Calls: AA, BA, BLK, DCTH, EBAY, NBR, SBUX, STI, TWX ...

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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: 08:27 PM

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