Friday, February 22, 2008
Reason For Late Move....
New York State Insurance Department's plan to bail out troubled bond insurer Ambac Financial could be announced Monday or Tuesday, reports CNBC's Charlie Gasparino, citing conversations with "bankers working on the deal."
FDA Approves Genentech's Avastin Drug...
This is huge surprise for Genentech...
Stocks Turn Green....
Today's Downgrades....
Barrick Gold (ABX) by UBS to Neutral from Buy
Best Buy (BBY) by Morgan Stanley to Underweight from Equal Weight
ChoicePoint (CPS) by GARP to Neutral from Buy
Fannie Mae (FNM) by Merrill Lynch to Sell from Neutral
Freddie Mac (FRE) by Merrill Lynch to Sell from Neutral
Freeport-McMoran (FCX) by Desjardins to Hold from Buy
Gilead (GILD) by Sanford Berstein to Mkt Perform from Outperform
Goldcorp (GG) by R James to Mkt Perform from Outperform
Goldcorp (GG) by Salman to Hold from Buy
Kinross Gold (KGC) by Genuity to Hold from Buy
Kinross Gold (KGC) by UBS to Neutral from Buy
Nicor Inc (GAS) by Baird to Neutral from Outperform
Today's Upgrades...
American Equity (AEL) by KeyBanc to Buy from Hold
Bristow Grp (BRS) by C. Suisse to Neutral from Underperform
DCP Midstream (DPM) by Wachovia to Outperform from Mkt Perform
DirecTV (DTV) by Cowen & Co to Outperform from Neutral
Discover Fnl Svcs (DFS) by Morgan Stanley to Overweight from Underweight
Dynavax Tech (DVAX) by Oppenheimer to Outperform from Perform
Health Management (HMA) by Raymond James to Mkt Perform from Underperform
Hillenbrand (HB) by Hilliard Lyons to Buy from Neutral
ImClone Sys (IMCL) by Cowen & Co. to Outperform from Neutral
Switch & Data (SDXC) by Raymond James to Strong Buy from Outperform
Williams Cos (WMB) by RBC to Outperform from Sector Perform
Earnings Reports Due on Monday....
Atlas Pipeline Partners L.P. (APL) 4Q .62 AMC
China TechFaith Wireless Commun Tech (CNTF) 4Q .04 AMC
Donaldson Co. Inc. (DCI) 2Q .42 AMC
EXCO Resources Inc. (XCO) 4Q .06 AMC
FirstEnergy Corp. (FE) 4Q .94
Grant Prideco Inc. (GRP) 4Q 1.09
Greatbatch Inc. (GB) 4Q .22 4:00PM
GulfMark Offshore Inc. (GLF) 4Q 1.13 6:00AM
Henry Schein Inc. (HSIC) 4Q .82 BMO
Hilb Rogal & Hobbs Co. (HRH) 4Q .55 AMC
Human Genome Sciences Inc. (HGSI) 4Q (.54) AMC
Keryx BioPharms Inc. (KERX) 4Q (.44)
LDK Solar Co. Ltd. (LDK) 4Q .41 AMC
Lowe's Cos. (LOW) 4Q .25
Nationwide Health Ppties Inc. (NHP) 4Q .33 AMC
Nordstrom Inc. (JWN) 4Q .90
ONEOK Inc. (OKE) 4Q .94 AMC
ONEOK Partners L.P. (OKS) 4Q 1.20 AMC
Orient Express Hotels Ltd. (OEH) 4Q .20 AMC
Perfect World Co. Ltd. (PWRD) 4Q .28 BMO
Shanda Interactive Entertain Ltd. (SNDA) 4Q .45 AMC
Sirtris Pharms Inc. (SIRT) 4Q (.34) AMC
Tesco Corp. (TESO) 4Q .22 BMO
TNS Inc. (TNS) 4Q .21 AMC
USEC Inc. (USU) 4Q .09 AMC
Verenium Corp. (VRNM) 4Q (.20) AMC
Zebra Tech Corp. (ZBRA) 4Q .43 BMO
S&P Slashes GMAC Ratings...
Short List of Stocks to BUY.....
These are stocks you want to BUY if given an opportunity on a pullback...
Potash (POT)
Terex (TEX)
Intuitive Surgical (ISRG)
Hewlett-Packard (HPQ)
Medco Health (MHS)
Buffalo Wild Wings (BWLD)
Gamestop (GME)
Mosanto (MON)
JC Penney (JCP)
Zimmer Holdings (ZMH)
Sohu (SOHU)
Dolby Labs (DLB)
Research in Motion (RIMM)
Express Scripts (ESRX)
Boeing (BA)
Chattem (CHTT)
Corning (GLW)
IBM (IBM)
Latest Apple Patent Filing....
ImClone Gets Upgraded...
Medical Device Makers Celebrate Victory...
Microsoft Opens Source Code...
Jeff Bezos Selling Shares of Amazon....
Nothing wrong with this....I guess he's learned from the past.
Chesapeake Energy Beats Estimates...
Analysts surveyed had predicted the company would earn 82 cents a share on $1.96 billion in revenue.
This has been a hot stock lately with the latest move in Natural Gas prices.
Intuit Earnings Miss Estimates..
The company was expected to earn 36 cents a share.
Have you noticed how much they jacked up the price on Turbotax this year???
Fannie and Freddie Downgraded to Sell...
Express Scripts Beats Estimates...
Revenue for the period ended Dec. 31 rose to $4.69 billion from last year's $4.5 billion. For 2008, the company expects earnings from continuing operators of $2.92 to $3 a share.
The stock is trading up 1 to $66 premarket. This has been one of the top performing groups out there over the past thee years. Medco Health and CVS Caremark are the other two top players.