Posts

Goldman Sachs downgrades Home Builder Sector Jul 14th 2010

Goldman Sachs Slashes Ratings Across Entire Homebuilder's Industry Everybody has been wondering what was going to happen to homebuilders once the Federal government's tax credit expired at the end of April. Well, we're starting to find out, and the picture doesn't look good. Goldman Sachs has downgraded the entire Homebuilders industry from Attractive to Neutral, dropped MDC Holdings Inc. (MDC) from its Conviction Buy List and dropped its price targets on 10 stocks in the industry. And really, who can blame them? We've seen new home sales plunge from 504K in April -- right before the tax credit expired -- to 300K in May. We've also watched housing starts and applications for new building permits dry up. Plus, it is getting harder and harder for individuals to qualify for a loan. All of this spells trouble for homebuilders. Let's take a look at the carnage from today's Goldman Sachs downgrades. DR Horton (DHI) is still a Buy but saw its price target dow...

Upgrade Joy Global, Bucyrus, National Oilwell Varco, Baker Hughes by Zacks

Zacks Analyst Blog Highlights: Joy Global, Bucyrus, National Oilwell Varco, Baker Hughes and American International Group Inc.March 16, 2010 5:05 PM ET advertisement Article tools E-mail this article Print-friendly version Discuss this articleStocks mentioned in this articleAmerican International Group Inc (AIG) Stock Quote, Chart, News, Add to WatchlistBaker Hughes Inc (BHI) Stock Quote, Chart, News, Add to WatchlistBucyrus International Inc (BUCY) Stock Quote, Chart, News, Add to WatchlistJoy Global Inc (JOYG) Stock Quote, Chart, News, Add to WatchlistNational Oilwell Varco Inc (NOV) Stock Quote, Chart, News, Add to WatchlistRelated newsDowngrades This Week: COST, XOM, MSAIG Completes Sale of PineBridge InvestmentsMarket Report -- In Play (AIG)Pay restrictions behind ILFC CEO's exit: reportILFCs John Plueger to Retire All Business Wire newsZacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and...

Caterpillar (CAT) $56.11 Close

Image
http://stockcharts.com/h-sc/ui?s=cat

Caterpillar (CAT) Upgrade February-11-2010

Caterpillar (CAT) was upgraded at Morgan Stanley to overweight from underweight as part of a broader upgrade on the U.S. industrial sector. Shares jumped 3.5% ahead of the bell.

Stocks Upgrade Ryan, Amcore, Tenet January-05-10

Image
ryan.vlastelica.reuters.com@reuters.net 0921 EST 5Jan2010-Citigroup resumes coverage on Lear as "buy" ------------------------------------------------------------------------------ Citigroup resumed coverage on Lear Corp with a "buy" rating and $85 price target on Tuesday. The firm wrote that as global auto demand recovers, the company could generate close to $900 million in earnings before interest, taxes, depreciation and amortization. Citi also said past overhangs for the stock "have been addressed by Lear's impressive backlog growth and latest capital expenditure projections." Shares of Lear rose 1.3 percent at $70.23. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0906 EST 5Jan2010-Berkshire votes no on Kraft share issue proposal ------------------------------------------------------------------------------ Berkshire Hathaway Inc said on Tuesday it voted "no" on Kraft Foods Inc's proposal to issue 370 million shares to fa...

Volcano Corp.(VOLC) Hold $18.90 +1.52 (8.75%)

Image
3. Volcano Corp.(VOLC Quote) jumped 8.9% to $18.90. Shares of the cardiovascular equipment company have risen 21% during the past month. The numbers: Volcano swung to a third-quarter loss of $4 million, or 8 cents a share, from a profit of $740,000, or 1 cent, a year earlier. Revenue increased 22% to $54 million. Volcano's gross margin was unchanged at 66%, but its operating margin fell from 1% into negative territory. The company has $129 million of cash and $50,000 of debt. The stock: We rate Volcano "hold." Its stock has returned 28% during the past year, beating the Dow Jones Industrial Average and S&P 500 Index and earning a performance score of 6.3 out of 10. However, our model gives the company lackluster grades in all other categories. During the past three years, Volcano has grown revenue 56% annually, on average. Negative operating and net margins present ongoing concerns. http://www.thestreet.com/story/10655421/1/volcano-brigham-lead-high-flying-stocks.html

Stocks Upgrade and Downgrades December-28

Upgrades Hot Topic HOTT B. Riley & Co Neutral » Buy Finish Line FINL Sterne Agee Neutral » Buy $14 Actuate ACTU Roth Capital Hold » Buy $5.50 RAM Energy Resources RAME Wunderlich Hold » Buy $4 Downgrades East West Banc EWBC B. Riley & Co Buy » Neutral Altisource Portfolio Solutions ASPS Piper Jaffray Overweight $27 G-III Apparel GIII Piper Jaffray Overweight $24 Fortinet FTNT JP Morgan Neutral $20 Fortinet FTNT Deutsche Bank Buy $20 Fortinet FTNT Robert W. Baird Outperform $22 China North East Petroleum NEP Rodman & Renshaw Outperform $7 » $11 Compugen CGEN Cantor Fitzgerald Buy $5 » $12 Cosan CZZ Standpoint Research Buy $11 » $13 Radware RDWR Oscar Gruss Buy $15 » $18 Emergent BioSolutions EBS Caris & Company Buy $17 » $19 Mead Johnson Nutrition MJN Citigroup Buy $44 » $50 Yongye Intl. YONG Roth Capital Buy $9.50 » $15 Apple AAPL Broadpoint AmTech Research Buy $235 » $260 Ceva CEVA Wedbush Morgan Outperform $12.50 » $14 Nanometrics NANO Piper Jaffray O...