Posts for Ticker ‘FRED’

Top Analyst Upgrades and Downgrades (ANF, FRED, FDO, FINL, SEPR, VMED, WTNY, ZUMZ)

It is looking pretty thin in analyst calls ahead of the 3-day weekend, but these are some of the top research upgrades, downgrades, and initiations we have seen this Friday morning:

Abercrombie & Fitch (ANF) cut to Sell from Hold at Citi.
Fred’s Inc. (FRED) Cut to Market Perform at William Blair.
Family Dollar Stores (FDO) Cut to Market Perform at William Blair.

Finish Line (FINL) Started as Outperform at Wedbush Morgan.
Sepracor (SEPR) Raised to Neutral at Goldman Sachs.
Virgin Media (VMED) Started as Outperform by Credit Suisse.
Whitney Holding (WTNY) Raised to Buy at SunTrust Robinson Humphrey.
Zumiez (ZUMZ) Cut to Hold at KeyBanc.

JON C. OGG

The Unusual Suspects (MS, GENZ, SPPI, CBST, DNDN, OPXA, BRK-A, FRED, GSIC, AMAT, WMT, LEAP, PCS)

We have some very unusual developments that came late in the week that we want you to keep on your watch lists for the coming week.  We also included the big events coming down the pipe for next week.  Morgan Stanley (NYSE: MS) is of ongoing interest.  Genzyme Corp. (NASDAQ: GENZ), Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI), Cubist Pharmaceuticals Inc. (NASDAQ: CBST), Dendreon Corp. (NASDAQ: DNDN), Opexa Therapeutics, Inc. (NASDAQ: OPXA) are all of special interest this next week.  Other key issues to watch will be Berkshire Hathaway Inc. (NYSE: BRK-A), Fred’s Inc. (NASDAQ: FRED), GSI Commerce Inc. (NASDAQ: GSIC), Applied Materials Inc. (NASDAQ: AMAT), Wal-Mart Stores Inc. (NYSE: WMT), Leap Wireless (NASDAQ: LEAP), and MetroPCS (NYSE: PCS).
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March’s Retail Winners (BKE, FRED, GYMB, HOTT, JCP, TJX)

money-stack-image20We are still seeing overall weak trends in the retail sector.  This is no shock based upon the overall drop in the economy and the growing army of unemployed workers out there.  But there are  some retail winners out there.  Companies such as Buckle Inc. (NYSE: BKE), Fred’s Inc. (NASDAQ: FRED), Gymboree Corp. (NASDAQ: GYMB), Hot Topic (NASDAQ: HOTT), J.C. Penney Company (NYSE: JCP), and The TJX Companies Inc. (NYSE: TJX)  posted strong March same-store sales.
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Top Pre-Market Analyst Upgrades (AWK, BDK, ERII, FRED, LEN, PSA, WMT)

Money_stack_picThese are some of the positive analyst calls and upgrades we are seeing early this Tuesday morning:

  • American Water Works (AWK) Started as Buy at Societe General.
  • Black & Decker (BDK) Raised to Buy at UBS.
  • Energy Recovery (ERII) Started as Buy at Piper Jaffray.
  • Fred’s (FRED) Raised to Outperform at William Blair.
  • Lennar (LEN) Raised to Buy at UBS.
  • Public Storage (PSA) Raised to Buy at Goldman Sachs.
  • Wal-Mart (WMT) Raised to Outperform at William Blair.

Jon C. Ogg
November 25, 2008

Additional Pre-Market Stock News (November 29, 2007) (ENB, EEP, FRED, HNZ, LULU, MHS, MW, VSE, USBE, ULBI, VIP, SIGM)

Below is some of the other top summaries of news we haven’t covered this morning:

Enbridge Inc. (ENB) and Enbridge Energy Partners, L.P. (EEP) had a pipeline blow late yesterday that has oil up as much as $4 today; two workers were killed; the explosion and fire on an Enbridge Energy Partners’ crude oil pipeline approximately three miles southeast of Enbridge’s Clearbrook, Minnesota terminal is apparently one of the Canadian pipelines that comes down to the U.S. and it is a supply risk.
Fred’s (FRED) $0.12 EPS after $0.02 "timing event" versus $0.14 estimate; hired Merrill Lynch to help it review strategic alternatives after receiving interest from multiple parties.
HJHeinz (HNZ) $0.71 EPS vs $0.69 est.; put guidance at higher end of range for next quarter.
Lululemon (LULU) trading up 10% after beating earnings and raising guidance.
Medco Health (MHS) announced a 2 for 1 stock split.
Men’s Wearhouse (MW) trading down 12% after disappointing earnings.
Sigma Designs (SIGM) traded up 14% after posting $0.79 EPS vs $0.54 estimates.
Ultralife Batteries (ULBI) receive a $2.6 million order from the U.S. Defense Department.
VeraSun Energy (VSE) and US BioEnergy (USBE) are going to merge operations into a single company; USBE shares up 8%.
Vimpel-Comm (VIP) trading up 5% after beating earnings expectations.
WellCare Health Plans, Inc. (WCG) traded up 10% after-hours after announcing that on November 21, it received an executed Contract between the Centers for Medicare & Medicaid Services. This one had been battered after that FBI raid killed the stock in recent weeks.

Jon C. Ogg
November 29, 2007