Reuters: House Democrats unveiled their healthcare bill.
Reuters: Senators may extend home purchase credits until April.
Reuters: China will launch a case against The Big Three auto companies.
Reuters: Galleon paid Wall St. bankers millions to give data that would allow a trading “edge.” Read More
Updated throughout the day.
Update 10:41 AM EST: Two traders calling Dendreon Corp. (NASDAQ: DNDN) as a takeover stock, again… We are inclined to treat this as a failed Friday rumor that is trader-generated or chat-room-generated rather than credible as this rumor comes up on many Friday mornings now (and stock is down 1.9%). -Jon Ogg
China car maker SAIC and GM may team up to move into the India market (India Economic Times)
Updated 10.15 AM EST: Google (NASDAQ:GOOG) won’t buy Akamai (NSADAQ:AKAM) (GigaOm)
Apple’s (NASDAQ:AAPL) Mac OSX 10.6 runs faster than Microsoft’s (NASDAQ:MSFT) Windows 7 in new tests. (AppleInsider)
Pirated copies of Windows 7 are already widely available in Chine. (Reuters)
An S&P analyst says Brocade (NASDAQ:BRCD) is not likely to be acquired (Barron’s)
Charles Ward may be the most likely candidateto become CEO of Lazard (NYSE:LAZ) (NYPost)
Pay czar Kenneth Feinberg, may try to cut Bank of America’s (NYSE:BAC) CEO Ken Lewis’s retirement package. (WSJ)
Unilever may bid for Carbury which already is a takeover target for Kraft (NYSE:KFT) (FT Alphaville)
VW may raise $16 billion, probably to retire debt after its Porsche merger. (Bloomberg)
You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.
Douglas A. McIntyre
These are the top Wall Street analyst downgrades and cautious research calls seen early this Friday morning:
Aeropostale (ARO) Cut to Sell at Goldman Sachs.
Akamai (AKAM) Cut to Market Weight at Thomas Weisel.
Assurant (AIZ) Cut to Neutral at SunTrust.
El Paso (EP) Cut to Neutral at Goldman Sachs.
Starwood Hotels (HOT) Cut to Hold at Soleil.
SuperValu (SVU) Cut to Equal Weight at Barclays.
You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.
JON C. OGG
October 9, 2009
These are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com
Symantec Corp. (Nasdaq: SYMC) shares are getting hammered as the most active premarket issue on very poor earnings and metrics..
Akamai Technologies Inc. (Nasdaq: AKAM) down sharply on heavy volume after it missed expctations and guided lower for Q3.
Exxon Mobil Corp. (NYSE: XOM) shares are falling after poor earnings on lower revenue amid weaker demand.
Verenium Corp. (Nasdaq: VRNM) shres are one of the top percentage gainers on fairly strong volume on a BP cellulosic ethanol venture.
Ariad Pharmaceuticals Inc. (Nasdaq: ARIA) shares continue to climb on strong premarket volume, amid optimism for its drug pipeline.
American Axle & Manufacturing Holding Inc. (NYSE: AXL) shares are up strongly on discussions with lenders.
Trico Marine Services Inc. (TRMA) are one of the more uncommon premarket gainers, after it beat EPS expectations by 23 cents a share.
-The 24/7 Wall St. Team
These are the top upgrades, downgrades, and new coverage calls from Wall Street analysts in technology and telecom this Thursday morning:
Akamai Technologies (NASDAQ: AKAM) Cut to Hold at Jefferies; Cut to to Neutral from Buy at Merriman Curhan Ford.
Digital River (NASDAQ: DRIV) Cut to Hold at Deutsche Bank.
Infineon (NYSE:IFX) Raised to Buy at RBS.
Leap Wireless (LEAP) Cut to Neutral at RW Baird.
MetroPCS (NYSE: PCS) Cut to Neutral from Outperform at RW Baird…
NetLogic (NASDAQ: NETL) Cut to Neutral from Outperform at RW Baird.
SAP AG (NYSE: SAP) Raised to Hold from Sell at Societe Generale.
Tyco Electronics (NYSE: TEL) Raised to Buy from Neutral at UBS.
Jon C. Ogg
July 30, 2009
We have been large fans of exchange-traded funds, exchange-traded notes, and other exchange-traded instruments which are open for trade throughout the day that are allowed to be invested in just like a stock. But with all new and growing markets, there are risks that need to be kept in check. There are some leveraged ETF’s and their inverse counterparts which might need to see reverse share splits in the near future. The notion of so many low-priced shares being so active may wreak havoc as the funds managing each ETF try to keep up with appropriate derivatives and in buying and selling shares of the components that are supposed to be the underlying securities. There are even a few ETF’s which should probably just be closed down entirely and liquidated to holders. Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and The Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) are both prime examples of ETFs which skew total daily exchange trading volume numbers because of low share prices today and massive trading volume. This is not meant to pick on the fund groups because they created trading vehicles which they did not expect to see some of these moves. There are many more ETFs and ETNs to consider here.
Direxion just announced a reverse split for another ETF yesterday, but not its two financial triple-leverage ETFs. Direxion Daily Financial Bull 3X Shares (NYSE: FAS) is now back down close to $8.00 per share, yet it trades 250 million shares on an average day. The Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) is barely above $5.00 and trades more than 200 million shares on an average day. So between the FAS and FAZ, you have an average of more than 450 million shares, and at today’s prices that is close to $3 billion worth of nominal value.
This review discusses a portion of the ETFs and ETNs and the ones under discussion today, along with underlying key companies, are Ultra Financials ProShares (NYSE: UYG), Bank of America Corporation (NYSE: BAC), B2B Internet HOLDRs (AMEX: BHH), Ariba, Inc. (NASDAQ: ARBA), Internet Capital Group (NASDAQ: ICGE), Internet Infrastructure HOLDRs (AMEX: IIH), VeriSign Inc. (NASDAQ: VRSN), Akamai Technologies Inc. (NASDAQ: AKAM), United States Natural Gas (NYSE: UNG), United States Oil (NYSE: USO), SPDR Gold Shares (NYSE: GLD), UltraShort S&P500 ProShares (NYSE: SDS), SPDRs (NYSE: SPY), New York Stock Exchange (NYSE: NYX) and the NASDAQ OMX Group Inc. (NASDAQ: NDAQ).
Read More
These are the top pre-market analyst downgrades and negative research calls we have seen from Wall Street early this Friday morning:
Akamai Tech (AKAM) Cut to Hold at Citigroup.
Bristol-Myers Squibb (BMY) Cut to Market Perform at Bernstein.
CarMax (KMX) Cut to Underperform at Wachovia.
Evergreen Solar (ESLR) Started as Sell at Canaccord Adams.
GOL Linhas Areas Inteligentes S.A. (GOL) Cut to Underweight at JPMorgan.
Human Genome Sciences (HGSI) Cut to Market Perform at Bernstein.
Monsanto (MON) Cut to Neutral at JPMorgan.
Schnitzer Steel (SCHN) Cut to Sell at UBS.
Teradata (TDC) Started as Underweight at Thomas Weisel.
Under Armour (UA) Cut to “Negative” at Susquehanna.
Walt Disney (DIS) Cut to Neutral at JPMorgan.
Whole Foods (WFMI) Cut to Hold at Jefferies.
JON C. OGG
Level 3 Communications Inc. (NASDAQ: LVLT) managed to give an upside surprise to earnings this morning. Its guidance was much better than most expected. That includes yours truly.
Read More
These are some of the top pre-market analyst upgrades and positive calls from Wall Street this Thursday morning:
Jon C. Ogg
February 5, 2009
These are some of the top analyst upgrades and positive calls we are seeing this Monday morning:
Jon C. Ogg
February 2, 2009
These are some of the early analyst downgrades we have seen this Thursday morning:
Jon C. Ogg
October 2, 2008
The market’s disdain for Big Band Networks (BBND) is long-standing and deep. The company went public nearly two years ago. Since then the maker of technology to improve the flow of data over the internet has fallen from $21 to $3.61. It is higher by 20% today after an upgrade from
Avondale Partners analyst Blair King issued an "Outperform" rating on the company.
Corning (GLW) Revises forecasts down. Falls to $17.04 from 52-week high of $28.07.
Forest Laboratories (FRX) Major drug plans go off track. Down to $29.81 from 52-week high of $43.38.
McDermott International (MDR) Oil-related stocks still doing badly. Sells down to $28.10 from 52-week high of $67.14.
Barrick Gold (ABX) Gold stocks keep moving South. Dips to $30.94 from 52-week high of $54.74.
These are some of the key analyst upgrades and positive calls we have seen early this Monday morning with over 2 hours to open:
Jon C. Ogg
August 4, 2008
Deluxe Corporation (DLX) Drops 2008 outlook and pays the price. Falls to $14 from 52-week high of $40.86.
United Microelectronics (UMC) Fails with weak results and analyst upgrade. Sells off to $2.53 from 52-week high of $4.48
Boeing (BA) Concerns about plane orders as airline industry falls apart. Down to $61.06 from 52-week high of $107.15
Akamai Technologies (AKAM) Poor outlook for balance of the year. Sells off to $22.69 from 52-week high of $41.45.
Hologic (HOLX) Lowers sales forecasts. Dips to $18.18 from 52-week high of $36.44
Bare Essentials (BARE) Analyst downgrade. Plunges to $11.40 from 52-week high of $29.90
Douglas A. McIntyre
These are the early bird Downgrades and negative calls from analysts we are seeing this Thursday morning:
Jon C. Ogg
July 31, 2008
These are ten of the analyst calls we are focusing on this Thursday morning:
Jon C. Ogg
May 22, 2008
These aren’t the only analyst calls this Monday morning, but these are the ones we are focusing on early this morning:
Jon C. Ogg
May 19, 2008
Jon Ogg produces and edits the "10 Stocks Under $10" newsletter and he does not own securities in the companies he covers.
Streaming Media Magazine and Streamingmediia.com have released their list of the twenty-five most important people in in the streaming media industry over the last decade.
“I suppose if you extend the baseball metaphor, these 25 people would really make up the streaming media hall of fame,” said Eric Schumacher-Rasmussen.
According to Streaming Media "We began the selection process by issuing a call for nominations on StreamingMedia.com and to our Streaming Media discussion lists. From a list of more than 75 nominees, we picked the 25 who most clearly fit the bill, either for the technology they’ve created and advanced or the ways in which they’ve implemented solutions as end users."
The list includes Rob Glaser, CEO of Real Networks (RNWK), Stephen Condon, head of marketing at Verisign (VRSN), Michael Gordon, founder of Limelight Networks (LLNW), George Kliavkoff, Chief Digital Officer of GE’s (GE) NBC Universal division, Tom Leighton, co-founder of Akamai Technologies (AKAM), Andrew Olson, SVP Comcast (CMCSA) Interactive Media, Ben Waggoner, Silverlight division of Microsoft (MSFT), and Douglas A. McIntyre, Editor of 24/7 Wall St.
These aren’t the only impact analyst calls this morning, but these are the ones we are focusing the Tuesday in pre-market trading hours:
Jon C. Ogg
April 1, 2008
| Today’s top tickerspy Indexes | |
| Home Furnishing R... | +14.1% |
| Ethanol and Biofu... | +5.1% |
| Electronics Retai... | +2.1% |
| Diabetes Stocks | +2.0% |
| Memory Chip Stock... | +2.0% |
 | |
| |
RSS Updates
Email Updates
