10 days of gadget giveaways at Gadling!

AOL Money & Finance

Posts with tag smmx

Analyst upgrades: GM, GMCR, OREX and NHY

MOST NOTEWORTHY: General Motors, Green Mountain Coffee, Orexigen and Norsk Hydro were today's noteworthy upgrades:
  • Banc of America upgraded shares of General Motors Corporation (NYSE: GM) to Neutral from Sell as they believe the agreement with the United Auto Workers union offsets a worsening outlook for sales.
  • Piper Jaffray upgraded shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) to Outperform from Market Perform after a meeting with management as they believe shares offer a compelling buying opportunity at current levels based on their 2009 estimates.
  • JMP Securities upgraded shares of Orexigen Therapeutics (NASDAQ: OREX) to Strong Buy from Market Outperform as they believe the company's lead product candidates, Empatic and Contrave, could become front-line therapies for obesity due to improved durability of efficacy, increased safety and tolerability, and lack of addiction.
  • Norsk Hydro (NYSE: NHY) was upgraded to Buy from Hold at Citigroup. The firm sees upside in the stock from the volume growth and further improvements in downstream operations.
OTHER UPGRADES:

Top Picks 2007: Josh Wolfe's nanotech bet on Symyx

Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Stocks Report.

Symyx Technologies (NASDAQ: SMMX) is the top speculative pick for 2007 from nanotech expert Josh Wolfe. The editor of the Forbes/Wolfe Nanotech Report says, "Santa Clara, California-based Symyx is one of the nanotech materials companies in our model Nanosphere portfolio.

"SMMX is a research services company focused on serving the chemical, energy, pharmaceutical, and electronics industries. It works closely with alliance partners ExxonMobil and Dow Chemical to provide research services, develop and sell discovery tools systems, and license software and intellectual property.

"We believe that the biggest source of value in Symyx is in spin-off opportunities. Two have, in fact, been funded by venture capital firms. In addition, materials that they are commercializing are now coming to market and will earn them royalties on top of the service and hardware revenues they already receive.

"For the four financial quarters ended September 30, 2006, Symyx generated $33 million in cash flow on revenues of $116 million. Revenues for the first nine months of 2006 were up 10% versus the same period in 2005. Symyx shares bottomed just below $20 in October of 2006."

Symbol Lookup
IndexesChangePrice
DJIA-679.958,149.09
NASDAQ-137.501,398.07
S&P 500-80.03816.21

Last updated: December 01, 2008: 06:36 PM

BloggingStocks Exclusives

Hot Stocks

BloggingStocks Featured Video

TheFlyOnTheWall.com Headlines

WalletPop Headlines

AOL Business News

Latest from BloggingBuyouts

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance