Tag Archives: Market Perform

Business, Finance, Occupation & Industry

Solar Stocks Get a Jolt (TSL, STP, SPWR, FSLR)

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By 24/7 Wall St.

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Analysts at Raymond James raised their ratings on several solar stocks, saying that the risk of owning these stocks is now in balance with the potential reward. The four stocks included in the upgrade from Underperform to Market Perform are Trina Solar Ltd. (NYSE: TSL), Suntech Power Holdings Co. Ltd. (NYSE: STP), SunPower Corp. (NASDAQ: SPWR) and First Solar Inc. (NASDAQ: FSLR).

These stocks have had a decent bounce since the beginning of the year, with SunPower getting the biggest jolt, up more than 138% at its peak in mid-February. Since then, shares have pulled back to a still-respectable year-to-date gain of 121%.

First Solar peaked in at the same time, up about 17% and has since moved steadily down to a year-to-date loss of more than 13%.

Trina Solar peaked in early January, up about 34%, and has trailed downward ever since to lose of about 3%.

And Suntech also peaked in early January, up about 22% and now down about 22%. Suntech has some unique problems, which we covered earlier today.

All except Trina Solar are already trading above their consensus price targets, even with the steep declines since the first of the year. None is a buy-and-hold candidate.

Filed under: 24/7 Wall St. Wire, Alternative Energy, Analyst Calls, Green Biz, Technology Companies Tagged: FSLR, SPWR, STP, TSL

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Cramer and Analysts Further Talk Up Radian and MGIC

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By 24/7 Wall St.

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Radian Group Inc. (NYSE: RDN) has been on fire and shares are ticking up yet again on Tuesday. It has risen for eight consecutive trading days, and if Tuesday’s preliminary gains can hold then it could be Radian’s ninth consecutive trading day with gains.

On Tuesday morning we saw that Barclays raised the ratings to Overweight from Underweight on both Radian and on MGIC Investment Corp. (NYSE: MTG). MGIC‘s price target was raised to $8 from $1, and Radian’s price target was raised to $14 from $4 for the stock.

Radian was also raised to Outperform from Market Perform at Keefe Bruyette and Woods just on Monday.

MGIC shares have risen for five consecutive trading days, and this will be a sixth consecutive day of gains if it holds.

Market pundit and TV personality Jim Cramer just said on CNBC that there may be a mortgage settlement coming the way of Radian and that it could be worth another $4 alone to the stock price.

Radian shares are up 8% to $10.69, a new 52-week high ($10.04 prior high). MGIC is up 15% to $4.82, and its 52-week high is $5.15.

Filed under: 24/7 Wall St. Wire, Analyst Calls, Banking & Finance, Housing Tagged: MTG, RDN

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Top Analyst Upgrades and Downgrades (MITT, A, ALTR, APOL, CLF, CBRL, EVEP, FLO, HIIQ, MTG, NFLX, YHOO)

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By 24/7 Wall St.

Bull and Bear

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These are some of this Tuesday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls.

A.G. Mortgage Investment Trust (NYSE: MITT) started as Neutral at Credit Suisse.

Agilent Technologies Inc. (NYSE: A) started as Outperform with $48 target at Credit Suisse.

Altera Corp. (NASDAQ: ALTR) named bear of the day due to weakening demand for its products and increased competition at Zacks Investment Research.

Apollo Group Inc. (NASDAQ: APOL) raised to Hold at Deutsche Bank.

Cliffs Natural Resources Inc. (NYSE: CLF) cut to Market Perform at BMO.

Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) reiterated Buy and raised price target by $10 to $88 at Argus.

EV Energy Partners L.P. (NASDAQ: EVEP) raised to Outperform with $57 target at Credit Suisse.

Flowers Foods Inc. (NYSE: FLO) named Bull of the Day because of growing market share and expanding margins at Zacks Investment Research.

Health Insurance Innovations Inc. (NASDAQ: HIIQ) started as Outperform with $17 price target at Credit Suisse.

MGIC Investment Corp. (NYSE: MTG) raised to Overweight from Underweight at Barclays.

Netflix Inc. (NASDAQ: NFLX) started as Outperform at RBC.

Yahoo! Inc. (NASDAQ: YHOO) raised to Buy at Cantor Fitzgerald.

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: A, ALTR, APOL, CBRL, CLF, EVEP, FLO, HIIQ, MITT, MTG, NFLX, YHOO

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Seven Highly Unusual Volume Spikes (BYD, MTG, NS, PANW, PRAN, SCSS, SSYS)

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By 24/7 Wall St.

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24/7 Wall St. is tracking seven highly unusual volume spike stocks within the first 90 minutes of trading so far this Monday. We have shown the price and volume on a relative basis and added in color if applicable on each.

Boyd Gaming Corp. (NYSE: BYD) is already almost hitting 200% of a normal day’s trading volume on news that Genting is buying its Las Vegas Echelon Resort foir $350 million, after the company reported a loss for the quarter. Boyd shares are up 10% at $7.11, on more than 3.9 million shares of stock. The average volume is only 2.1 million shares and the 52-week range is $4.75 to $8.52.

MGIC Investment Corp. (NYSE: MTG) is up after FBR Capital Markets maintained its Market Perform rating but raised its target price to $4 from $1. Its average volume is about 6 million shares per day, and the 52-week range is $0.66 to $5.15. MGIC is up over 12% at $4.28, on more than 16.5 million shares.

NuStar Energy L.P. (NYSE: NS) was downgraded at Credit Suisse today and we have already seen shares hit almost two-times the average daily volume of about 383,000 shares. The units are down 4.9% at $48.01 against a 52-week range of $38.43 to $62.13.

Palo Alto Networks, Inc. (NYSE: PANW) is down almost 5% at $55.85, after what was supposed to be a cautiously optimistic Barron’s review. We have already seen more than 2.1 million shares trade hands, versus an average daily volume of 840,000 shares.

Prana Biotechnology Ltd. (NASDAQ: PRAN) is trading higher after positive data in analysis that helps to identify Alzheimer’s. The usual volume is only about 53,000 sharesm and its 52-week trading range is $1.41 to $3.06. This is closed to a 20-times volume spike, with shares up 13% at $2.76 on 1.03 million shares.

Select Comfort Corp. (NASDAQ: SCSS) hit a new 52-week low after it gave a business update and said that it will miss its business goals internally. The prior 52-week range was $19.00 to $35.60, and the average daily volume is about 1.2 million shares per day. This is down more than 15% at $17.26 and we are already closing in on a 3-times volume spike with some 3.3 million shares having traded.

Stratasys Ltd. (NASDAQ: SSYS) is surging after reporting that revenue rose more than 23%. This is a very volatile stock that usually trades only about 835,000 shares per day, and its 52-week range is $32.87 to $92.30. This is up 7.6% at $69.18, and almost 2.2 million shares have traded hands.

Filed under: 24/7 Wall St. Wire, Active Trader Tagged: BYD, MTG, NS, PANW, PRAN, SCSS, SSYS

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

2 Facebook Analyst Downgrades, Bleeding Over To LinkedIn

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By 24/7 Wall St.

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Facebook, Inc. (NASDAQ: FB) has had a very tough time attractive investors since its recent earnings report failed to continue to drive interest. It should be no surprise that the stock cooled off after having risen back up more than 11% ahead of earnings to above $31 versus $28.00 at the end of 2012.

Now we have two more analyst downgrades adding pressure to Facebook shares. What is interesting is not just the 2.8% drop this Tuesday. What is interesting is that the shares broke under the 2012 close out price of $28.00 and are now trading down around $27.50 in normal trading volume.

Facebook shares were downgraded to Market Perform from Outperform at Bernstein. Then another firm named BTIG downgraded the social media giant from an already-cautious Neutral rating down to a “Sell” rating due to slowing user engagement trends. It was just recently, yet still after earnings, that Barron’s drilled Facebook. When the stock was still above $30, Barron’s said that perhaps it was far too bearish when the publication said that Facebook is not really worth a peak of $15.00 for its stock. It said that it should now just be worth no more than $25.00 per share.

Not all social media players are equal. LinkedIn Corporation (NYSE: LNKD) just hit an all-time on Friday and Monday and now shares are around $155 after taking a very small breather. LinkedIn is worth some $16.7 billion, while Facebook is worth some $65 billion or so.

Filed under: 24/7 Wall St. Wire, Analyst Calls, Internet, Media, Technology, Technology Companies Tagged: FB, LNKD

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Top Analyst Upgrades and Downgrades (BIDU, BBVA, BBBY, CIT, CLWR, DHI, HMY, HGG, KBH, M, MRVL, PHM, RYL, SD, SWC, TGT, TOL, UNH, WSM, ZNGA)

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By 24/7 Wall St.

Bull and BearThese are some of this Tuesday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls.

Baidu Inc. (NASDAQ: BIDU) cut to Market Perform at Raymond James and cut to Hold at Stifel Nicolaus.

Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA) raised to Neutral at UBS.

Bed Bath & Beyond Inc. (NASDAQ: BBBY) raised to Buy at Citigroup.

CIT Group Inc. (NYSE: CIT) cut to Neutral at Nomura.

Clearwire Corp. (NASDAQ: CLWR) cut to Underperform at D.A. Davidson.

D.R. Horton…

Top Analyst Upgrades and Downgrades (BIDU, BBVA, BBBY, CIT, CLWR, DHI, HMY, HGG, KBH, M, MRVL, PHM, RYL, SD, SWC, TGT, TOL, UNH, WSM, ZNGA) originally appeared on DailyFinance.com on 2013-02-05T08:25:00Z.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

More Valuation Caution Seen in Facebook Reality Check

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By 24/7 Wall St.

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Facebook-F-logoFacebook Inc. (NASDAQ: FB) may have seen its peak at the initial public offering. That is what Barron’s wants you to believe. While some concerns that were brought up were minimal and others were concerning, Barron’s did opine that it may have been far too bearish before.

A report this weekend in Barron’s changed its prior $15 price target on Facebook shares. While that may sound good, the reality is that the publication known as the “Financial Bible” for many years still says that the stock should be trading at $25 or less. One concern is that investors are overlooking lofty evaluations in hopes that its billion or so users will pay off in the years ahead. It also pointed out that the stock trades at a bit over 50 times this year’s earnings. If you back out its stock options and other items, that estimate is actually 75 times expected earnings. Another key concern is that Facebook’s expenses will rise at faster rates than its advertising, and its mobile use will start actually to pay off in real dollars.

Investors should take notice that Facebook shares have fallen roughly 6% since the company’s earnings report just last week, and that is not including the 3% drop so far on Monday. As far as how $25 compares to elsewhere, the Thomson Reuters consensus that includes some recent downgrades is still just above $34 on Facebook.

Since Facebook’s earnings were reported, we have seen multiple analyst downgrades. Citigroup cut the rating to Neutral from Buy. Another downgrade was seen by Jeffrey’s, to Hold from Buy, as well as BMO Capital Market cut the writing to Market Perform from Outperform. Stifel Nicolaus also downgraded shares to Hold from Buy. There was one upgrade — to show both sides of the coin — and that was from a boutique firm called Pivotal Research Group, which raised its rating to Buy from Hold.

Facebook shares are currently under $29 and the post-IPO range has been $17.55 to $45.00. Investors might want to pay attention to that fact that Facebook is still worth some $69 billion or so when the Thomson Reuters consensus target for 2013 is $6.66 billion in sales.

If Facebook is expensive, we also have to go back to the grown-up rival LinkedIn Corp. (NYSE: LNKD). It was late in 2012 in a Forbes edition of “Get Rich from Obama” that James O’Shaughnessy of O’Shaughnessy Asset Management said to sell LinkedIn due to valuation. He has a disciplined value/growth quantitative approach, and he said that LinkedIn is just overvalued no matter what metric he uses to evaluate the company. LinkedIn shares are at $123.25 and have hardly budged off their 52-week highs, as the 52-week trading range is $74.32 to $127.45. Thomson Reuters has a consensus price target of $136 on the professional social networking company.

Filed under: 24/7 Wall St. Wire, Analyst Calls, Internet, Media, Technology, Technology Companies Tagged: FB, LNKD

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Source: FULL ARTICLE at DailyFinance

News, Politics, Government

BlackBerry: New Phones, New Name, New Ticker New Fan; Bernstein Upgrades

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By Eric Savitz, Forbes Staff BlackBerry shares are getting a boost Monday morning from Bernstein Research analyst Pierre Ferragu, who upped his rating on the company formerly called Research In Motion to Outperform, from Market Perform, with a new target of $22, up from $12.
Source: FULL ARTICLE at Forbes Latest