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

posted by:  elvis                     date:  4/29/2011

April 29, 2011
Watch to see if consumer sentiment is building momentum off March's lows.

Watchlist:  CEG EXC SLV RCL BRCM AET ABC CAM MSI DOW ESRX CAH CELG POT LIFE CNX HOT RRC SLW CYH SCCO FCX RIMM
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Notable earnings before Friday's open: AIV, AON, CAT, CPN,CVX, DHI, ETR, GT, ITT, LEA, MRK, NEE, NVE, NWL, PBI, SPG, TOT, WY

Personal Income and Outlays
[Report][Star]8:30 AM ET
Employment Cost Index
[djStar]8:30 AM ET
Chicago PMI
[Report][djStar]9:45 AM ET
Consumer Sentiment
[Report][djStar]9:55 AM ET
Ben Bernanke Speaks12:30 PM ET
Farm Prices
[Bullet3:00 PM ET

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Up/Downgrades (ABMD, CL, DISCA, DOW, MSA, PG, SLG, CHH, CEG, CRY, DAL, IM, TAP, NTCT, OMX, OSK, REGN, RIMM, RTIX, TAL, SKT)
Upgrades
Abiomed (NASDAQ:ABMD) was upgraded to Outperform from Neutral at Robert W. Baird. The firm raised its target price to $20, as it noted recent proprietary survey indicates that data from the PROTECT II study will have a significant impact on Impella utilization by interventional cardiologists for both HR-PCI and AMI cases. They say PROTECT II showed a 21% decrease in MAE at 90 days when used per protocol.
Colgate-Palmolive (NYSE:CL), the maker of consumer oral, personal, and household care products, was upgraded to a Buy from Hold at Deutsche Bank.
Discovery (NASDAQ:DISCA), the owner and operator of the Discovery Channel, Animal Planet and TLC networks, was upgraded to Outperform at Barrington.
Dow Chemical (NYSE:DOW), the diversified chemical company, was upgraded to Overweight from Neutral at JP Morgan.
Mine Safety (NYSE:MSA) was upgraded to Outperform from Neutral at Robert W. Baird. The firm raised its target price to $44 from $39, as it notes notable progress on multi-year, structural cost reduction efforts visible in improving gross margin. They also note the acquisition of General Monitors also nicely accretive to margin and earnings but sales growth prospects still face near-term challenges, but Industrial safety equipment trend tracking higher with global industrial recovery.
Procter & Gamble (NYSE:PG), the global consumer products company, was upgraded to a Buy from Hold at Deutsche Bank.
SL Green Realty (NYSE:SLG) was upgraded to Market Perform from Underperform at JMP Securities.
Downgrades
Choice Hotels (NYSE:CHH) was downgraded to Market Perform from Outperform at Wells Fargo.
Constellation Energy (NYSE:CEG) was downgraded to a Hold from Buy at Wunderlich. The firm raised its target price to $39 from $36, based on the proposed merger with Exelon (NYSE:EXC) and the associated premium for the company.
CryoLife (NYSE:CRY) was downgraded to a Hold from Buy at The Benchmark Company. The firm lowered its target price to $6.50 from $7 following earnings. The firm believes patient investors should consider acquiring shares for its cash flow; however, for the remainder of 2011 it believes expanding R&D expenses and decelerating revenue growth in core products might challenge the stock.
Delta Air Lines (NYSE:DAL), the world’s largest airline, was downgraded to a Sell from Hold at Capstone.
Ingram Micro (NYSE:IM), the IT wholesale distributor, was downgraded to a Hold from Buy at Brean Murray while newly introduced revenue and unexpected gross margins headwinds flush through the next couple of quarters.
Molson Coors Brewing (NYSE:TAP), the Denver, Colorado based brewery, was downgraded to a Neutral from Overweight at JP Morgan.
NetScout Systems (NASDAQ:NTCT) was downgraded to a Hold from Buy at Wunderlich. The firm lowered its target price to $26 from $28, as it notes the company reported a relatively uninspiring quarter with similar outlook commentary like the December quarter, except the near-term outlook is worse. At the current price level the firm requires more growth to maintain a Buy rating.
OfficeMax (NYSE:OMX), the office products retailer, was downgraded to a Neutral from Overweight at JP Morgan.
Oshkosh Truck (NYSE:OSK), the maker of heavy duty all wheel drive defense or military trucks, aircraft or emergency rescue and firefighting vehicles, was downgraded to Neutral at Robert W. Baird. The firm trimmed its target price to $34 from $47, as it noted that while second quarter results were generally in line with expectations, the improving Access Equipment outlook is being obscured by an increasingly cloudy view of near and longer-term Defense segment earnings potential and continued deterioration of municipal markets. Oshkosh was also downgraded to a Hold at The Benchmark Company. The firm lowered its target price to $35.
Regeneron Pharmaceuticals (NASDAQ:REGN) was downgraded to Sector Perform from Outperform at RBC Capital.
Research In Motion (NASDAQ:RIMM), the maker of the Blackberry smartphone, was downgraded to Underperform from Buy at Jefferies. The firm cut its target price to $35 from $80 following disappointing earnings guidance.
RTI Biologics (NASDAQ:RTIX) was downgraded to a Hold from Buy at The Benchmark Company. The firm said there appears to be early signs of improving end-market demand in the Sports Medicine and Dental businesses but it feels there are better opportunities to leverage a potential economic recovery.
Tal International (NYSE:TAL) was downgraded to a Neutral from Outperform at Robert W. Baird. The firm raised its target price to $42 from $40. It notes core leasing trends remain solid, with favorable supply and demand dynamics supporting another year of attractive capital deployment.
Tanger Factory (NYSE:SKT) was downgraded to a Hold from Buy at KeyBanc Capital Markets based on valuation.

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

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