Analog Devices Inc. (NYSE: ADI) Reiterated Buy with $43 target at Argus.

ARM Holdings PLC (NASDAQ: ARMH) Raised to Buy at S&P.

Assured Guaranty (NYSE: AGO) Raised to Buy at UBS.

Baker Hughes Inc. (NYSE: BHI) Cut to Hold at Societe Generale.

Dean Foods Co. (NYSE: DF) named as Bull of the Day in its turnaround at Zacks.

Dell Inc. (NASDAQ: DELL) Maintained Buy but target cut to $18 from $22 at Argus.

Duke Energy Corporation (NYSE: DUK) Raised to Buy at UBS.

Eaton Vance (NYSE: EV) Raised to Neutral from Sell at Citigroup.

Express Inc. (NYSE: EXPR) Started as Neutral at JPMorgan.

Hewlett-Packard Co. (NYSE: HPQ) Maintained Neutral but raised 2012/2013 estimates by 2% at Credit Suisse.

Human Genome Sciences Inc. (NASDAQ: HGSI) Cut to Market Perform with a price target of $13.00 at BMO Capital.

Iridium Communications Inc. (NASDAQ: IRDM) Started as Buy at CRT Capital.

MetLife Inc. (NYSE: MET) Reiterated Buy with $46 target at Argus.

National Oilwell Varco (NYSE: NOV) Raised to Buy at Societe Generale.

OCZ Technology Group Inc (NYSE: OCZ) Started as Outperform with $8 target at Credit Suisse.

RadioShack Corporation (NYSE: RSH) named as Bear of the Day at Zacks.

RailAmerica Inc. (NYSE: RA) Cut to Neutral at JPMorgan.

Three calls seen on NetApp (see here).

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JON C. OGG

American International Group, Inc. (NYSE: AIG) Raised to Buy at Goldman Sachs.

Analog Devices, Inc. (NASDAQ: ADI) Cut to Neutral at UBS.

Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) Raised to Outperform at BMO.

ConocoPhillips (NYSE: COP) Resumed as Neutral at Credit Suisse.

Demand Media, Inc. (NYSE: DMD) Raised to Buy at Citigroup.

The Dow Chemical Company (NYSE: DOW) Raised to Overweight at Morgan Stanley.

Fossil, Inc. (NASDAQ: FOSL) Cut to Neutral at JPMorgan.

The Hershey Company (NYSE: HSY) Raised to Buy at Argus.

Jive Software, Inc. (NASDAQ: JIVE) Started as Hold at Needham

Marvell Technology Group Ltd. (NASDAQ: MRVL) Cut to Neutral at UBS.

Mercadolibre, Inc. (NASDAQ: MELI) Cut to Market Perform at Raymond James.

Phillips 66 (NYSE: PSX) Started as Outperform at Credit Suisse.

Qihoo 360 Technology Co. Ltd (NYSE: QIHU) Started as Buy at ThinkEquity.

Ubiquiti Networks, Inc. (NASDAQ: UBNT) Started as Outperform at Wedbush (late Tuesday call).

Youku Inc. (NYSE: YOKU) Started as Hold at ThinkEquity.

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JON C. OGG

Maybe you can blame the less robust economic data or maybe you can still try to claim that no more QE from Ben Bernanke and friends is the reason.  SanDisk Corporation (NASDAQ: SNDK) is down 8.7% at $45.68 against a 52-week range of $32.24 to $53.46.  With a close of $50.05 yesterday, the fears were not very evident in the share price that weak pricing and demand were both there in flash memory.  The price action in the Apple component supplier list below is uniform:

Advanced Micro Devices Inc. (NYSE: AMD) is down 3% at $7.74.

Analog Devices, Inc. (NASDAQ: ADI) is down 1.8% at $38.39.

Broadcom Corp. (NASDAQ: BRCM) is down 2.5% at $37.21.

Cypress Semiconductor Corp. (NASDAQ: CY) is down 2.2% at $14.70.

Fairchild Semiconductor International Inc. (NYSE: FCS) is down 3.2% at $14.10.

Marvell Technology Group Ltd. (NASDAQ: MRVL) is down 2.2% at $15.31.

Micron Technology, Inc. (NASDAQ: MU) is down 5.7% at $7.54.

LSI Corporation (NYSE: LSI) is down 3.4% at $8.48.

ON Semiconductor Corp. (NASDAQ: ONNN) is down 2.8% at $8.47.

Qualcomm Inc. (NASDAQ: QCOM) is down 1.4% at $67.20.

Skyworks Solutions Inc. (NASDAQ: SWKS) is down 4.5% at $26.29.

TriQuint Semiconductor Inc. (NASDAQ: TQNT) is down 3.5% at $6.32.

Apple Inc. (NASDAQ: AAPL) is down only 1.2% at $721.75 but investors have been used to it rising just about every day as analysts take their consensus price targets higher and higher.  The news from SanDisk was bad, but at least the spillover and run-off is not bleeding some of the larger players in the Apple and technology ecosphere too bad.

JON C. OGG

Included in the previews are some pricing data and color on each preview.  Estimates are the consensus targets from Thomson Reuters.

Analog Devices Inc. (NYSE: ADI) is now up 35% from last year’s low and within about 6% of a 52-week high after many of the chip names have had phenomenal 2012 moves.  Estimates are $0.48 EPS on $662.3 million in sales.

Angie’s List Inc. (NASDAQ: ANGI) is set to see its first public earnings release.  We have always wondered about its lack of earnings as sort of unacceptable, but so far Wall Street has stayed by it.  Estimates are -$0.11 EPS on $25.38 million in sales.  At $15.20, the post-IPO range is $10.77 to $18.75.

Boston Beer Co. (NYSE: SAM) remains at a premium value on its earnings at 24-times expected 2012 earnings estimates. Estimates are $1.12 EPS and $131.6 million in sales.

Chico’s FAS Inc. (NYSE: CHS) is still trying to get its ship back in order.  Estimates are $0.11 EPS and $546.66 million in sales.

Clean Harbors Inc. (NYSE: CLH) has remained highly valued and it has recently split its stock after an incredible share move in recent years.  Estimates are $0.48 EPS and $506.04 million in sales.      4Q   0.49

Express Scripts Inc. (NASDAQ: ESRX) is still pending a review by the FTC in its attempt to acquire Medco.  Many feel that the deal could be blocked.  Earnings estimates are $0.85 EPS on sales of $11.6 billion.

Fluor Corp. (NYSE: FLR) still remains well off of its highs and is still at a premium at 16.5-times expected 2012 earnings for this infrastructure design leader.  Estimates are $0.82 EPS and $6.38 billion in sales.

Garmin Ltd. (NASDAQ: GRMN) is expected to report $0.66 EPS on $769.9 million in sales.  The turnaround continues here as it continues to move away from being dependent upon Garmin sales for in-car navigation.

Hewlett-Packard Co. (NYSE: HPQ) is still just getting a plan underway for its Meg Whitman-lead turnaround.  Estimates are $0.87 EPS on $30.7 billion in sales.

Limited Brands Inc. (NYSE: LTD) is expected to post $1.46 EPS and $3.47 billion in sales.

Pan American Silver Corporation (NASDAQ: PAAS) is expected to report earnings of $0.51 EPS on $229.59 million in revenues.  We will be looking for its cost per ounce of production in silver.

SINA Corp. (NASDAQ: SINA) is expected to report $0.21 EPS on $129.34 million in sales. This stock remains down by more than half from last-year’s highs.

TJX Companies, Inc. (NYSE: TJX) remains at a premium valuation and shares hit a new all-time high on Tuesday.  Estimates are $0.62 EPS on $6.72 billion in sales.

Toll Brothers Inc. (NYSE: TOL) is expected to report $0.02 EPS on $360.8 million in sales.  Home builders are profitable again, often from ‘other’ activities.  Shares just hit a new 52-week high on Tuesday.

Zale Corporation (NYSE: ZLC) is expected to post its “money quarter” that includes the holiday sales.  Estimates are $0.77 EPS on $657.38 million in revenue.  Keep in mind that this company is still expected to lose money for its full year ending in July.

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2012 Picks in Semiconductors from analyst Bobby Burleson:

Analog Devices Inc. (NYSE: ADI) reiterated Buy with $38 price target; Integrated Device Technology, Inc. (NASDAQ: IDTI) reiterated Buy with $7.00 price target.

“While we remain concerned about near-term softness in PCs and communications and acknowledge the potential for another number cut, we believe the worst cuts are behind us. Heading into 2012, we like names with broad-end market exposure and low PC exposure like Analog Devices and Integrated Device Technology.”

2012 Picks in Communications Technology from analyst T. Michael Walkley:

Apple Inc. (NASDAQ: AAPL) reiterated Buy with $560 price target; QUALCOMM Inc. (NASDAQ: QCOM) maintained Buy with $74.00 price target; and Sierra Wireless, Inc. (NASDAQ: SWIR) with a $9.00 price target.

“While we anticipate global handset units will increase by 7% YoY in 2012 to 1.72B units, we anticipate much faster growth trends for the smartphone  market. In fact, we are modeling 481M smartphone units in 2011 ramping to 650M units in 2012, or 35% YoY growth.”

2012 Picks in New Media & Location Technology from analyst Jeff Rath:

Trimble Navigation Limited (NASDAQ: TRMB); Velti PLC (NASDAQ: VELT); KIT Digital, Inc. (NASDAQ: KITD); and Rovi Corporation (NASDAQ: ROVI).

“We fully expect the US Pay-TV service provider eco-system to undergo an accelerating change as cable providers roll out more robust OTT/Hybrid video offerings in response to growing competitive pressures, and in an attempt to stem ongoing losses of its core video subscribers.”

2012 Picks in Enterprise Software from analyst Richard Davis:

Salesforce.com (NYSE: CRM) and Nuance Communications, Inc. (NASDAQ: NUAN).

“Software companies – at least firms with next generation architectures – are in great shape. Cloud software accounts for less than 10% of installed code. Barring horrific economic headwinds, the “revolutionaries” on which we focus our coverage are very likely to gain market share at the expense of legacy competitors”

2012 Picks in Internet from analyst Michael Graham:

Google Inc. (NASDAQ: GOOG) reiterated Buy with $725 price target and Zillow, Inc. (NASDAQ: Z) listed as n attractive acquisition target and the firm has an organic (non-M&A) price target of $32.00 for the stock.

“We believe the underlying drivers will be growth in online advertising, eCommerce, mobile commerce, and social networking adoption.”

These are the picks we have been sent by Canaccord Genuity’s research relations.  The firm has many other picks in technology which did not make the 2012 list.

JON C. OGG

We have earnings previews for the following: Analog Devices Inc. (NYSE: ADI); Brocade Communication Systems Inc. (NASDAQ: BRCD); Hewlett-Packard Co. (NYSE: HPQ); Tyson Foods Inc. (NYSE: TSN); Campbell Soup Co. (NYSE: CPB); Nuance Communications, Inc. (NASDAQ: NUAN); Pandora Media Inc. (NYSE: P); and Deere & Co. (NYSE: DE).  Estimates are from Thomson Reuters and these are broken out by day.

Monday

Analog Devices Inc. (NYSE: ADI) has estimates of $0.64 EPS and $728.17 million in revenue; next quarter estimates are $0.60 EPS and $707.37 million in revenue.  With shares around $35.50, the 52-week range is $29.23 to $43.28.

Brocade Communication Systems Inc. (NASDAQ: BRCD) is not a market mover but it is still way off its year high while some of its peers have been calling things better in their business of late.  Estimates are $0.10 EPS and $527.38 million in revenue; next quarter estimates are $0.11 EPS and $535.6 million in revenue.

Hewlett-Packard Co. (NYSE: HPQ) is hardly even in the midst of a turnaround.  Meg Whitman is still getting her hands around the business and Dell gave a mixed report of late.  Estimates are $1.13 EPS and $32.06 billion in revenue; next quarter estimates are $1.11 EPS and $31.44 billion in revenue. We will be looking at the company’s comments around manufacturing problems for drives for its PC around the flooding in Thailand.

Tyson Foods Inc. (NYSE: TSN) has estimates of $0.31 EPS and $8.19 billion in revenue; next quarter estimates are $0.39 EPS and $8.17 billion in revenue.  At $19.50, its 52-week trading range is $15.46 to $20.12.

Tuesday

Campbell Soup Co. (NYSE: CPB) has estimates of $0.79 EPS and $2.21 billion in revenue; next quarter estimates are $0.66 EPS and $2.16 billion in revenue.  Shares are right at $33.50 and the 52-week range is $29.69 to $35.66.  This one in the middle of a strategy change to get back to more flavorful soups and away from being such low-salt.

Nuance Communications, Inc. (NASDAQ: NUAN) is also set for Tuesday and the speech-to-text software leader’s estimates are $0.41 EPS and $393.33 million in revenue; next quarter estimates are $0.38 EPS and $378.78 million in revenue.  At $24.00, the 52-week trading range is $15.56 to $26.97.

Pandora Media Inc. (NYSE: P) is still kicking around after its IPO.  The online music playing company has estimates of -$0.01 EPS and $71.44 million in revenue; next quarter estimates are -$0.03 EPS and $82.25 million in revenue.  Its stock is around $12.55 and the post-IPO range has been $9.33 to $26.00.

Wednesday

Deere & Co. (NYSE: DE) has estimates of $1.43 EPS and $7.87 billion in revenue; next quarter estimates are $1.26 EPS and $6.17 billion in revenue.  At 74.50, Deere has a 52-week range of $59.92 to $99.80.
JON C. OGG

We have compiled the news summaries and the moves on each.

Analog Devices, Inc. (NYSE: ADI) is lower after reporting a rise in third quarter profits but warning that Q4 will be weak due to global uncertainty.  Shares closed at $31.35 and shares are down about 2% at $30.78.

Blue Coat Systems Inc. (NASDAQ: BCSI) is getting crushed after it is forecasting a loss or gain of -$0.04 to $0.04 EPS versus estimates of $0.20 and higher.  It has also been downgraded or seen target cuts at many brokerage firms in research calls.  Shares are down 24% at $13.30, under the 52-week low of $14.91 and versus a $17.68 close yesterday.

Chico’s FAS Inc. (NYSE: CHS) is up after reporting a 42% rise in earnings and word that it is making an acquisition of a retailer in Florida.  Shares are up over 7% at $13.50 in pre-market trading.

Dell Inc. (NASDAQ: DELL) beat on the bottom line but turned in light revenues and guidance was light on sales as well.  Shares are down close to 6% at $14.85 or so this morning on active volume.

Eastman Kodak Co. (NYSE: EK) may be worth more in a breakup according to Bloomberg as it discusses $3 billion value for the patents alone.  Shares are indicated up more than 10% above $2.50 this morning.

First Solar, Inc. (NASDAQ: FSLR) is down on news that one of its top executives named Jens Meyerhoff is leaving the company after September 30.  Shares are down about 3% at $101.75 this morning.

NYSE Euronext, Inc. (NYSE: NYX) is getting a bit of a bounce of 2.3% to $27.15 after a substantial loss on Tuesday after Merkel and Sarkozy proposed a financial transaction tax of some sort. Shares were as high as $28.52 yesterday and closed down at $26.54.

Photronics Inc. (NASDAQ: PLAB), which manufactures photomasks for the chip sector, managed to post earnings gains and shares are responding handily.  Shares closed at $5.62 and the pre-market trading is up 9% at $6.13 on thin volume.

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) is down on news that the FDA is extending its review of EYLEA (aflibercept injection) by three months.  Shares are down almost 5% at $54.68 in pre-market trading.

Staples, Inc. (NASDAQ: SPLS) is getting a big bounce after the office supplies retailer beat earnings and managed to forecast solid results ahead too.  This one has been sold off big from highs and shares are up about 8.5% at $15.43 on active pre-market volume.

Sunrise Senior Living, Inc. (NYSE: SRZ) popped last night and is indicated higher this morning after Jim Cramer on CNBC’s MAD MONEY said that it is a small and under-followed speculative company that could potentially make homegamers a lot of money.  Shares closed at $6.84 and the stock is indicated up around $7.25 this morning.

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JON C. OGG

Investors will be watching earnings reports from the following: Dillard’s Inc. (NYSE: DDS); LDK Solar Co. Ltd. (NYSE: LDK); Lowe’s Companies Inc. (NYSE: LOW); Analog Devices Inc. (NYSE: ADI); Dell Inc. (NASDAQ: DELL); Home Depot Inc. (NYSE: HD); TJX Companies Inc. (NYSE: TJX); Wal-Mart Stores Inc. (NYSE: WMT); Deere & Co. (NYSE: DE); DryShips Inc. (NASDAQ: DRYS); JDS Uniphase Corporation (NASDAQ: JDSU); NetApp Inc. (NASDAQ: NTAP); Staples Inc. (NASDAQ: SPLS); Target Corporation (NYSE: TGT); Brocade Communications Systems Inc. (NASDAQ: BRCD); GameStop Corporation (NYSE: GME); Gap Inc. (NYSE: GPS); Hewlett Packard Co. (NYSE: HPQ); Salesforce.com Inc. (NYSE: CRM); and Sears Holdings Corporation (NASDAQ: SHLD).

We did not include the consensus analyst price target this week because the data looks very skewed since it has not been fully updated to reflect the new estimates.

Monday, August 15

Dillard’s Inc. (NYSE: DDS) has Thomson Reuters estimates of $0.25 EPS and $1.42 billion in revenues; next quarter estimates are $0.31 EPS and $1.36 billion in revenues.  Keep in mind that the consensus group is too small for us to have much faith in estimates.   Shares are trading around $42.50 and the 52-week trading range is $19.26 to $61.08.

LDK Solar Co. Ltd. (NYSE: LDK) has Thomson Reuters estimates of $0.44 EPS and $716.37 million in revenues; next quarter estimates are $0.33 EPS and $740.77 million in revenues.  Shares are trading around $6.36 and the 52-week trading range is $4.97 to $15.10.  With the woes of solar and with the woes of Chinese accounting, LDK could be up huge or down huge.

Lowe’s Companies Inc. (NYSE: LOW) has Thomson Reuters estimates of $0.67 EPS and $14.78 billion in revenues; next quarter estimates are $0.35 EPS and $11.97 billion in revenues.  Shares are trading around $19.26 and the 52-week trading range is $18.97 to $27.45.  That 52-week low was hit on Friday.

Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) Raised to Buy at Auriga.
AMR Corporation (NYSE: AMR) Cut to Neutral at JPMorgan.
Analog Devices Inc. (NYSE: ADI) Cut to Neutral at Stern Agee.
BHP Billiton Ltd. (NYSE: BHP) Cut to Neutral at Credit Suisse.
Boyd Gaming Corp. (NYSE: BYD) Cut to Underperform at BofA/ML.
Choice Hotels (NYSE: CHH) Raised to Neutral at Credit Suisse.
KiOR, Inc. (NASDAQ: KIOR) Started as Outperform at Credit Suisse.
Leap Wireless International Inc. (NASDAQ: LEAP) Cut to Neutral at Baird.
Marathon Oil Corporation (NYSE: MRO) Cut to Neutral at Credit Suisse.
Marriott International, Inc. (NYSE: MAR) Cut to Neutral at BofA/ML.
MetroPCS Communications, Inc. (NYSE: PCS) Cut to Neutral at Baird; Maintained Neutral but cut target to $12 at Credit Suisse; Maintained Buy with $22 target at Argus.
Overseas Shipholding Group Inc. (NYSE: OSG) Cut to Sell at Deutsche Bank; Cut to Hold at Jefferies.
P.F. Chang’s China Bistro, Inc. (NASDAQ: PFCB) Cut to Sell at Argus.
Rowan Companies (NYSE: RDC) Raised to Neutral at Credit Suisse.
Skilled Healthcare Group, Inc. (NYSE: SKH) Started as Underperform at BofA/ML.
Texas Instruments Inc. (NYSE: TXN) Cut to Neutral at Stern Agee.
Valero Energy Corporation (NYSE: VLO) Reiterated Buy with $35 target at Argus.
Yandex N. V. (NASDAQ: YNDX) Started as Overweight at JPMorgan.

You are invited to join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Citrix Systems Inc. (NASDAQ: CTXS) fell 10% after it announced it would buy Cloud.com. Analog Devices Inc (NASDAQ: ADI) fell 9% as other shares in its sector were punished by poor results