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Closing Bell: Gold Hits Record Close (MCD, DO, DG, GS, JPM)

Jon Ogg — Tue, 08 Jun 2010 16:00:00 EST

Filed under: McDonald's (MCD), JPMorgan Chase (JPM), Goldman Sachs Group (GS)

Today was a quiet economic day yet stocks managed to find some footing despite two miserable selling sessions in the last two trading days. Gold hit a record close as investors continue to look for safe havens, and that is also keeping a lid on bond yields in Treasuries.

Here are today's unofficial closing bell levels:

Dow 9,939.23 +122.74 (1.25%)
S&P 500 1,062.02 +11.55 (1.10%)
Nasdaq 2,170.57 -3.33 (-0.15%)

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Continue reading Closing Bell: Gold Hits Record Close (MCD, DO, DG, GS, JPM)

Closing Bell: Gold Hits Record Close (MCD, DO, DG, GS, JPM) originally appeared on BloggingStocks on Tue, 08 Jun 2010 16:00:00 EST. Please see our terms for use of feeds.

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Walmart gets upgraded to Buy

Mark Fightmaster — Mon, 17 Aug 2009 10:00:00 EST

Filed under: Analyst Upgrades and Downgrades, Wal-Mart (WMT)

This morning, Rochdale upgraded Wal-Mart (NYSE: WMT), raising the retail giant to Buy from Hold. The brokerage also upped its price target on the retailer to $65 per share from $55. Rochdale stated that the retailer has a "favorable blend of defensive qualities," including consumers trading down, the company's focus on low costs, cyclical upside from more discretionary general merchandise and international exposure.

Fundamentally, WMT is in a good position thanks to its combination of merchandise and price. However, the company's technical performance suggests that Rochdale may be a little late to the dance. On a weekly basis, WMT has set a descending pattern of lower highs dating back to late last year. This pattern suggests technical weakness, and we could see the pattern continue this week. If WMT can not capitalize on last week's momentum, the shares could confirm this pattern.

Continue reading Walmart gets upgraded to Buy

Walmart gets upgraded to Buy originally appeared on BloggingStocks on Mon, 17 Aug 2009 10:00:00 EST. Please see our terms for use of feeds.

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eBay after the bell 6-16-06: more trouble in China

Melly Alazraki — Fri, 16 Jun 2006 17:35:00 EST

Filed under: After the Bell, Analyst Upgrades and Downgrades, Competitive Strategy, eBay (EBAY)

Despite good news from Wall Street analysts today: Rochdale Securities upgraded eBay to buy from hold with a $35 target price, and RBC initiated coverage at hold, with the same price target, eBay slipped nearly 1.5% today to close at $30.28.

Concerns are mounting among investors especially after a local research firm in Taipei released its data. The analyst claims eBay has been losing ground in China to one of its competitors, especially in the C2C (consumer to consumer) sales.

Somewhat different were the words of Martin Wu, chief executive at eBay China. He claimed only a few weeks ago that revenue increased more than 10 per cent in the first quarter and that revenue of its competitor Taobao, remained unchanged.

The attempt to consolidate the difference between the analyst's data and the chairman data were unfruitful.

eBay was the leader in the Chinese auction market but in January had to drop transaction fees from basic C2C services. This is due to the introduction of a free auction service by rival Taobao in 2004 that caused a massive flight of consumers in its direction.

But have no fear, Forbes has just published an article saying that in the event of a bird flu pandemic, eBay should do well. Here's something to hope for.

eBay after the bell 6-16-06: more trouble in China originally appeared on BloggingStocks on Fri, 16 Jun 2006 17:35:00 EST. Please see our terms for use of feeds.

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