Watchlist, Economic Calender, Upgrades Downgrades, Gap Stocks, Day Trading

posted by:  elvis                     date:  4/20/2011

April 20, 2011
A March dip in existing home sales would be a big disappointment given the size of February's 9.6% drop.

Watchlist:  HOG SCCO PCAR WDC AKAM TCK HAL X MHS PAAS POT SLW DNDN FCX LVS QCOM ABX GG AKAM CELG HOT UHS SNDK A
----------------

Notable earnings before Wednesday's open: ABT, ALV, AMB,APH, DGX, ECA, ELN, EMC, ETN, FCX, HBAN, HBI, HCBK, KCG, MO, MTG,NDAQ, PLD, STJ, T, TIN, TXT, UNP, USG, UTX, WFC
Notable earnings after Wednesday's close: AAPL, AMGN, AMR,AXP, BSX, CAKE, CMG, CVA, ESV, ETFC, FFIV, GILD, KNX, LRCX, MAR,NE, NFX, PBCT, QCOM, RRR, SLM, TEX, WDC, WLT, YUM

MBA Purchase Applications
[Report][Bullet7:00 AM ET
Existing Home Sales
[Report][Star]10:00 AM ET
EIA Petroleum Status Report
[djStar]10:30 AM ET

----------------

Up/Downgrades (CACH, CNI, CP, INTC, LAMR, MMC, NE, PXD, POR, QCOM, SAFM, SUG, STSA, ADBE, CREE, JNPR, LL, TI, WR, WEC)

Upgrades
Cache (NASDAQ:CACH) was upgraded to a Buy from Neutral at Sterne Agee. The firm set its target price at $7.
Canadian National Rail (NYSE:CNI), the largest freight railroad in Canada that provides transportation and intermodal service throughout North America, was upgraded to Outperform from Market Perform at Raymond James.
Canadian Pacific (NYSE:CP), the Class 1 transcontinental railway, was upgraded to a Strong Buy from Outperform at Raymond James.
Intel (NASDAQ:INTC), the world’s largest chipmaker, was upgraded to Outperform from Market Perform at FBR Capital. The firm raised its targets to $27 from $25, following quarterly results and guidance. The FBR recognizes Cs and tablets/smartphones can co-exist and PC units can still grow. It believes the company is successfully diversifying into software, cellular basebands, and embedded processors.
Lamar Advertising (NASDAQ:LAMR) was upgraded to a Buy from Hold at The Benchmark Company. The firm set its target price at $40, as it notes the year to date 20% correction in stock and the likelihood that the company can deliver reliable growth as the advertising recovery is sustained.
Marsh McLennan (NYSE:MMC) was upgraded to Outperform from Sector Perform at RBC Capital. The firm raised its target price to $34 from $31.
Noble Corp. (NYSE:NE), the provider of contract drilling services, was upgraded to Outperform from Sector Perform at RBC Capital.
Pioneer Natural Resources (NYSE:PXD) was upgraded to Outperform from Market Perform at Wells Fargo.
Portland General Electric (NYSE:POR), the electric utility serving Portland, Oregon and surrounding communities, was upgraded to a Buy from Neutral at Goldman Sachs.
Qualcomm (NASDAQ:QCOM), the maker of integrated CDMA chipsets for wireless products, was upgraded to a Neutral from Underperform at Exane BNP Paribas. The firm set its target price at $56.
Sanderson Farms (NASDAQ:SAFM), the chicken and food processor, was upgraded to a Buy from Hold at Jefferies. The firm raised its target price to $55 from $44.
Southern Union (NYSE:SUG) was upgraded to Outperform from Market Perform at Wells Fargo.
Sterling Financial (NASDAQ:STSA) was upgraded to Outperform from Market Perform at FBR Capital. The firm raised its target price to $20 from $19, as the company has returned to profitability sooner than expected, primarily due to a dramatic improvement in asset quality.
Downgrades
Adobe Systems (NASDAQ:ADBE) was downgraded to Underperform from Market Perform at FBR Capital. The firm lowered its target price to $28 from $33, as it believes the company's flagship offering, Creative Suite, is losing its ability to drive business, and its model is stuck, and its efforts to drive more recurring revenue will be difficult.
Cree, Inc. (NASDAQ:CREE), the maker of lighting-class LEDs, LED lighting, and semiconductor solutions for wireless and power applications, was downgraded to a Hold from Buy at Wunderlich. The firm lowered its target price to $40, noting it found 4Q11 guidance troubling with gross profit margins that may come in below 40%. They note the conference call presented investors with the prospect of no visibility, and an inventory overhang that could easily become a headache next quarter. Cree was also downgraded to a Sell from Hold and Kaufman Brothers, with the firm lowering its target price to $29 from $40. Cree was also downgraded to a Neutral from Buy at Merriman.
Juniper Networks (NASDAQ:JNPR), the provider of Internet infrastructure solutions, was downgraded to a Neutral from Buy at Ticonderoga, given a mediocre quarter and another soft profit outlook, combined with a valuation, the firm believes requires continued upside momentum.
Lumber Liquidators (NYSE:LL) was downgraded to a Sell from Neutral at Janney Montgomery Scott.
Telecom Italia (NYSE:TI) was downgraded to a Hold from Buy at RBS.
Westar Energy (NYSE:WR), the electric utility serving customers in Kansas, was downgraded to a Sell from Neutral at Goldman Sachs.
Wisconsin Energy Corp (NYSE:WEC), the utility company based in Milwaukee, WI, was downgraded to a Neutral from 

----------------
Gainers, losers:
http://www.marketwatch.com/search?q=movers%20shakers
at 8:19 AM

No comments :

Post a Comment