Posts for Ticker ‘CXW’

Top Analyst Upgrades, Downgrades, Initiations (AMZN, CB, CXW, GSK, ITRI, LEAP, LM, PNC, POT, VLO)

These are this Friday morning’s top 10 analyst upgrades, downgrades, and initiations we have seen from Wall Street’s research calls:

Amazon.com (NASDAQ: AMZN) Raised to Outperform at FBR Capital (new target $130); Raised to Overweight at Barclays; Raised to Buy at Jefferies; Raised to Buy at Janney Montgomery.
Chubb (NYSE: CB) Cut to Hold at Stifel Nicolaus.
Corrections Corp (NYSE: CXW) Started as Buy at Sun Trust Robinson Humphrey
GlaxoSmithKline (NYSE: GSK) Cut to Hold at Jefferies.
Itron (NASDAQ: ITRI) Raised to Buy at Deutsche Bank.
Leap Wireless (NASDAQ: LEAP) Started as Neutral at Credit Suisse.
Legg Mason (NYSE: LM) Raised to Neutral at Credit Suisse.     Credit Suisse
PNC Financial Services (NYSE: PNC) Raised to Overweight at Wells Fargo.
Potash Corp. of Saskatchewan, Inc. (NYSE: POT) Cut to Sector Perform at CIBC; targets raised to $125 at RBC and raised to $135 at Canaccord.
Valero Energy (NYSE: VLO) Raised to Overweight at Barclays.

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JON C. OGG
OCTOBER 23, 2009

Posted on: October 23, 2009 – 8:16 am in Analyst Calls, , , , , , , , , ,

The 52-Week Low Club (CXW)(LFG)(COF)(MGM)

sad_clown2Corrections Corp (CXW) Weak earnings outlook. Plunges to $10.50 from 52-week high of $10.50.

Lions Gate (LFG) US box office numbers drop. Shares down to $3.65 from 52-week high of $10.97.

Capital One Financial  (COF) Market does not like bank rescue package. Dips to $12.63 from 52-week high of $63.50.

MGM Mirage (MGM) Casino stocks downgraded. Falls to $5.47 from 52-week high of $71.96.

Douglas A. McIntyre

Posted on: February 10, 2009 – 4:15 pm in HI/LOW, , , ,

McDonald’s (MCD), Sara Lee (SLE) And Wheat

The price of wheat has gone up three-fold in ten months. For something that looks like a weed, that is an impressive run.

Since a large number of business from McDonald’s (NYSE: MCD) to Sara Lee (NYSE: SLE) to Kraft (NYSE: KFT) have a lot of wheat-based products, inflation in the grain is hardly good news.

In many enterprises, the cost of commodities can be passed on to consumers. In a recession, that becomes somewhat more difficult. Who is willing to buy a $15 Big Mac or $20 box of cake mix? All the money that might go toward those items is already being spent on $4 a gallon gas.

Since the price of wheat is not going to drop, at least not any time soon, it is worth reconsidering investments in fast food chains like Starbucks (NASDAQ: SBUX) and Burger King (NYSE: BKS). Supermarkets may see some margin hit as well.

Even prison stocks like Corrections Corp (NYSE: CXW) may be bothered. The cost of bread and water has just gone up.

Douglas A. McIntyre

Posted on: March 15, 2008 – 10:08 am in Agriculture, , , , , ,

The 52-Week Low Club

Lexmark (LXK) Printer company lowers guidance. Hits $43.50, down from $74.68.

Quaker Fabric (QFAB) Getting near a liquidation. Down to $.09 against 52-week high of $1.66.

Childrens Place (PLCE) Same store sales off 4%. Drops to $46.13 from 52-week high of $71.81.

Corrections Corp (CXW) Some insider selling. Prison business is not what it used to be. Drops to $32.17 from 52-week high of $66.50. Stock split today.

Douglas A. McIntyre

Posted on: July 9, 2007 – 4:02 pm in Uncategorized, , , ,