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posted by: elvis date: 5/26/2011
May 26, 2011
A return to under 400,000 for weekly jobless claims would boost optimism for the monthly jobs report.
Watchlist: GES HAL EMR MRO DD MOS RDC POT FCX LYB VRTX BTU CNX RRC ETN BEXP FTI TCK MCP
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Notable earnings after Thursday's close: MRVL, OVTI
Notable earnings before Thursday's open: BIG, HNZ, SNE, TD,TIF, VIP
Weekly Bill SettlementGDP
![[Report]](http://fidweek.econoday.com/images/mam/byconsensus_butt.gif)
![[Star]](http://fidweek.econoday.com/images/mam/star.gif)
8:30 AM ET
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Research Firms Initiate:
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Gainers, losers: http://www.marketwatch.com/search?q=movers%20shakers
May 26, 2011
A return to under 400,000 for weekly jobless claims would boost optimism for the monthly jobs report.
Watchlist: GES HAL EMR MRO DD MOS RDC POT FCX LYB VRTX BTU CNX RRC ETN BEXP FTI TCK MCP
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Notable earnings after Thursday's close: MRVL, OVTI
Notable earnings before Thursday's open: BIG, HNZ, SNE, TD,TIF, VIP
Weekly Bill SettlementGDP
8:30 AM ETJobless Claims
8:30 AM ET
8:30 AM ETCorporate Profits
8:30 AM ET
8:30 AM ETEIA Natural Gas Report
10:30 AM ET
10:30 AM ET3-Month Bill Announcement
11:00 AM ET
11:00 AM ET6-Month Bill Announcement
11:00 AM ET
11:00 AM ET52-Week Bill Announcement
11:00 AM ET
11:00 AM ET7-Yr Note Auction
1:00 PM ET
1:00 PM ETFed Balance Sheet
4:30 PM ET
4:30 PM ETMoney Supply
4:30 PM ET
4:30 PM ET----------------
Up/Downgrades ( AEO, ARO, ORCL, HST, BKD, CRH, LULU, GPRO, HEI, WMS )
Upgrades:
FBR capital was active this morning in the retail sector with several upgrades and downgrades, within the upgrades the firm highlights American Eagle (NYSE:AEO) and Aeropostale (NYSE:ARO).
American Eagle was upgraded to Outperform from Market Perform with a price target of $17. FBR believes that it’s time to own the company, despite the 1st quarter disappointing earnings results. The firm highlights that margins were up in the quarter, as was average unit retail. In addition the company is seeing an improvement in business during the month of May. Aeropostale remains a strong free cash flow generator with $3 per share in cash and a dividend yield of more than 3%.
Aeropostale was upgraded to Market Perform from Underperform with price target of $20. FBR note that company generates significant free cash flow and plans to continue buying back stock aggressively. Aeropostale stock has limited downside given the belief that the company is being conservative with its guidance.
Oracle (NASDAQ:ORCL) was upgraded to Buy from Hold at ThinkEquity early this morning. Oracle stock has been on corrective trade during this month, moving down from its 52 week high above the $36 level.
Host Hotels (NYSE:HST) was upgraded to Buy from Neutral at Goldman Sachs. Also Goldman added the stock to their Conviction Buy List.
Also Goldman Sachs upgraded Brookdale Senior Living (NYSE:BKD) to Buy from Neutral.
Downgrades:
CRH Plc. (NYSE:CRH) was downgraded to Sell from Hold at Citigroup.
FBR Capital downgraded Lululemon Athletica (NASDAQ:LULU) to Underperform from Market Perform with a price target of $80. This downgrade comes ahead of earnings next week, as they believe that the stock has already baked in good quarter from Lululemon and any glitch on earnings could result in a sell-off.
Gen-Probe (NASDAQ:GPRO) was downgraded to Neutral from Overweight at JP Morgan.
HEICO (NYSE:HEI) was downgraded to Hold from Buy at Capstone.
WMS Industries (NYSE:WMS) was downgraded to Neutral from Overweight at JP Morgan.
New Ratings ( IRWD, SQNS, TUP, MED, PTR )Research Firms Initiate:
Duncan-Williams initiated Ironwood Pharma (NASDAQ:IRWD) with a Hold rating. The Firm notes that they expect the company to only realize $1.7 billion in global Linaclotide royalties by 2027 based on sales of $4.7 billion generated by its partners. It’s also noted that significant marketing expenses should affect the product economics.
Sequans Communications (NYSE:SQNS) was initiated with an Outperform rating at Robert W. Baird with the firm placing a price target of $16. Baird notes the company is a pure play in 4G communication technologies with the company in strong position given its early entry into the space.
Tupperware (NYSE:TUP) was initiated with a Neutral at Janney Montgomery Scott with a price target of $65.
Medifast (NYSE:MED) was also initiated at Janney Montgomery Scott with a buy rating.
PetroChina (NYSE:PTR) was initiated early this morning by Jeffries with a Buy rating.
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Gainers, losers: http://www.marketwatch.com/search?q=movers%20shakers
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