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posted by: elvis date: 4/25/2011
April 25, 2011
At the bottom of the economic heap are new homes, buried by heavy supply of discounted used homes.
Watchlist: TEVA AMGN BBBB CTRP RVBD HAL ESV CREE X ALTR JNPR LVS RIMM QCOM POT SNDK TCK SCCO POT HON NVLS CELG WDC
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Up/Downgrades (AMSG, BBT, BRCD, CPSI, GE, JNJ, LM, LTM, LINE, MAR, PRI, STI, SMCI, TZOO, VFC, BRKS, CEVA, SLM, VLO)
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Gainers, losers:
http://www.marketwatch.com/search?q=movers%20shakers
April 25, 2011
At the bottom of the economic heap are new homes, buried by heavy supply of discounted used homes.
Watchlist: TEVA AMGN BBBB CTRP RVBD HAL ESV CREE X ALTR JNPR LVS RIMM QCOM POT SNDK TCK SCCO POT HON NVLS CELG WDC
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Notable earnings after Monday's close: ACL, AGNC, AMP, ESRX,HLX, HMA, JEC, MAS, NFLX, PCL, RSH, UIS, VECO
New Home Sales
![[Report]](http://fidweek.econoday.com/images/mam/byconsensus_butt.gif)
![[Star]](http://fidweek.econoday.com/images/mam/star.gif)
10:00 AM ET
10:00 AM ET4-Week Bill Announcement
11:00 AM ET
11:00 AM ET3-Month Bill Auction
11:30 AM ET
11:30 AM ET6-Month Bill Auction
11:30 AM ET
11:30 AM ET----------------
Up/Downgrades (AMSG, BBT, BRCD, CPSI, GE, JNJ, LM, LTM, LINE, MAR, PRI, STI, SMCI, TZOO, VFC, BRKS, CEVA, SLM, VLO)
Upgrades
AmSurg (NASDAQ:AMSG) was upgraded to a Buy from Hold at Jefferies. The firm raised its target price to $32 from $30.
BB&T Corp. (NYSE:BBT), the regional bank based in Winston Salem, NC, was upgraded to a Neutral from Sell at Goldman Sachs.
Brocade (NASDAQ:BRCD), the provider of switching solutions for storage area networks, was upgraded to Outperform from Neutral at Robert W. Baird. The firm set its target price at $8, as it believes low investor expectations against a backdrop of increasingly positive field commentary set the company up as a stock that can outperform in the near term and through calendar year 2011. The firm expects to see improving trends in both Data Storage and Ethernet as the year progresses and will be buyers in front of the fiscal second quarter report.
Computer Programs & Systems (NASDAQ:CPSI) was upgraded to Outperform from Market Perform at Leerink Swann.
General Electric (NYSE:GE), the diversified conglomerate maker of power turbines and medical devices, was upgraded to a Buy from Neutral at Sterne Agee. The firm set its target price at $25 following its earnings results last week.
Johnson & Johnson (NYSE:JNJ), the consumer health care products company maker of Tylenol and Sudafed, was upgraded to Outperform from Market Perform at Wells Fargo.
Legg Mason (NYSE:LM), the Baltimore, Maryland based global asset Management Company, was upgraded to a Neutral from Sell at Ticonderoga. The firm said the outlook for Permal, LM's fund of funds manager is improving. The firm also said improvements in Permal and the broader equity market continue to drive higher revenue yields, which are more than offsetting the absolute level of outflows.
Life Time Fitness (NYSE:LTM), the operator of distinctive and large sports, athletic, fitness and family recreation centers, was downgraded to a Hold from Buy at ThinkEquity.
Linn Energy (NASDAQ:LINE) was upgraded to Outperform from Market Perform at Wells Fargo.
Marriott (NYSE:MAR), the hotel chain owner and operator, was upgraded to Outperform from Market Perform at FBR Capital. The firm set its target price at $43, as it notes the company has significantly underperformed lodging peers and the S&P over the past 12 months. The firm sees shares as very attractively valued.
Primerica (NYSE:PRI) was upgraded to a Buy from Neutral at SunTrust. Primerica was also upgraded to Outperform from Market Perform at Keefe Bruyette.
SunTrust (NYSE:STI), the super regional banking holding company with operations in the Mid-Atlantic and the Southeast, was upgraded to Perform from Underperform at Oppenheimer in response to its lagging stock price this year. The firm notes the company's balance sheet and earnings predictability was enhanced following the recent repayment of TARP.
Super Micro Computer (NASDAQ:SMCI) was upgraded to a Buy from Hold at ThinkEquity.
Travelzoo (NASDAQ:TZOO) was upgraded to a Buy at The Benchmark Company. The firm raised its target price to $123 from $66 saying the company's Internet travel advertising growth is holding solid, aided by strong subscriber growth in Europe. Local Deals is not only augmenting total revenue growth as offerings ramp up, but also driving margins and profitability.
V.F. Corp (NYSE:VFC), the owner of brands like Wrangler, Nautica, and The North Face, was upgraded to Outperform from Neutral at Cowen.
Downgrades
BB&T Corp (NYSE:BBT) was downgraded to Perform from Outperform at Oppenheimer. The firm said the recovery in BB&T's credit metrics and core earnings continued in 1Q11 consistent with their outlook earlier in the year, however they are downgrading the stock because investors are simply hesitant to own the buyer's stock in a consolidating bank environment.
Brooks Automation (NASDAQ:BRKS) was downgraded to a Hold from Buy at Brigantine based on valuation.
Ceva, Inc. (NASDAQ:CEVA) was downgraded to a Hold from Buy at Wunderlich. The firm set its target price at $27, as it notes the company's June quarter outlook commentary from the wireless volume leader indicates channel inventories at the mobile device level are heavy in anticipation of shortages, so even with supply workarounds, it appears some of the effect of the disaster in Japan will register in June quarter industry volumes. Wunderlich believes this could yield the opportunity to purchase shares at lower prices.
SLM Corp (NYSE:SLM), the student loan Company also known as Sallie Mae, was downgraded to Market Perform from Outperform at Keefe Bruyette. The firm set its target price at $17.
Valero Energy (NYSE:VLO), the independent crude oil refiner, was downgraded to a Hold from Buy at Citigroup.
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Gainers, losers:
http://www.marketwatch.com/search?q=movers%20shakers
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