Posts for Ticker ‘AUY’

Top 10 Analyst Upgrades and Downgrades (ADSK, BA, BEAV, EXC, OXPS, RCL, UNH, TROW, WU, AUY)

These are this Monday morning’s top ten Wall Street analyst upgrades, downgrades, and initiations we have seen with close to 2 hours until the market opens:
Autodesk (ADSK) Cut to Hold at Deutsche Bank.
Boeing (BA) Cut to Equal Weight at Barclays.
BE Aerospace (BEAV) Raised to Outperform at FBR.
Exelon (EXC) Cut to Hold at KeyBanc.
OptionsXpress (OXPS) Raised to Neutral from Sell at Merriman Curhan Ford.
Royal Caribbean (RCL) Raised to Buy at S&P.
UnitedHealth (UNH) Raised to Outperform at Credit Suisse.
T. Rowe Price (TROW) Raised to Market Perform at FBR.
Western Union (WU) Started as Buy at Citigroup.
Yamana Gold (AUY) Cut to Sector Perform at CIBC.

Jon C. Ogg
July 27, 2009

Posted on: July 27, 2009 – 6:45 am in Analyst Calls, , , , , , , , , ,

Day Trader Alerts (IMMR, DROOY, GOLD, AU, AUY, SPPI, AMAG, UBS, CS, OSK, FRPT, NAV, MYGN)

We have provided links through on our day trading alerts page this morning.  Each stock is seeing active trading right before the open and brief explanations and analysis are offered at VSInvestor.com:

You can check each morning at VSInvestor.com for earlier pre-market indications in stocks on the move you might not have seen.

Jon C. Ogg

Posted on: July 1, 2009 – 8:35 am in Trading Alert, , , , , , , , , , , , ,

Gold Miners Staging Breakouts (GDX, AU, GOLD, RGLD, ABX, AUY, GG, NEM)

Gold has been making a serious comeback and many are talking about the $1,000 per ounce level again as being ahead shortly.  This latest run is with energy prices screaming, the US Dollar getting pounded again, and with the fears that all this new money being printed is going to create much higher inflation down the road.  When gold was making the same sort of run to $1,000 earlier this year, that was because of the fear premium.  The other difference is that in this move, we are now starting to see a technical break-out on the charts of some of the top gold miners that trade in the U.S. that are actually global operations.  The Market Vectors Gold Miners ETF (NYSE: GDX) was up 4% at $44.45 in early trading, and its 52-week trading range is $15.83 to $51.84.  Two gold stocks are making key break-outs: AngloGold Ashanti Ltd. (NYSE: AU) and Randgold Resources Limited (NASDAQ: GOLD).  Other large gold mining leaders are lagging, but you have to wonder how long that will last if the stock market stays strong and if the interest in the re-flation trade stays high.
Read More »

Posted on: May 29, 2009 – 9:16 am in Commodities, ETF, Metals, , , , , , , ,

Best Performing Sectors In Last Month: Hotel REITs, Home Furnishings, Car Rentals

Based on the TickerSpy index of major industry sectors, hotel REITs had the best performance of any group measured, up almost 60%.  At the head of the industry were Diamondrock (DRH) and LaSalle Hotel (LHO).

Home Furnishing Retail was a closed second, up 55% lead by Pier 1 (PIR) and Kirklands (KRK). Read More »

Posted on: April 24, 2009 – 8:54 am in Metals, REIT, , , , , , , ,

Top 10 Pre-Market Analyst Upgrades & Downgrades (ALTR, AMZN, BCE, BIIB, LEAP, PDLI, CLUB, VAR, AUY)

Money_stack_pic_2It is still fairly thin in analyst upgrades and downgrades as this week marks the return of investment banking and research departments from what is nearly a two-week hiatus.  Here are the few stand-out calls we have seen early this morning with more than two hours to the open:

  • Altera (NASDAQ: ALTR) Raised to Outperform at Wachovia.
  • Amazon.com (NASDAQ: AMZN) Raised to Overweight at JPMorgan.
  • BCE (NYSE: BCE) Cut to Sector Perform at Scotia.
  • Biogen Idec (NASDAQ: BIIB) Cut to Neutral at JPMorgan.
  • Leap Wireless (NASDAQ: LEAP) Raised to Outperform at Wachovia.
  • PDL BioPharma (NASDAQ: PDLI) Raised to Neutral at JPMorgan
  • Town Sports International (NASDAQ: CLUB) Cut to Neutral at Piper Jaffray.
  • Varian Medical Systems (NYSE: VAR) Cut to Perform at Oppenheimer.
  • Yamana (NYSE: AUY) Cut to Buy at TD.

Jon C. Ogg
January 5, 2009

Posted on: January 5, 2009 – 7:36 am in Analyst Calls, , , , , , , , ,

Top Pre-Market Analyst Upgrades (AMZN, AMAT, NILE, CECE, DCP, GPN, RHT, AUY, YRCW)

These are some of the top pre-market analyst upgrades we have seen this Thursday morning:

  • Amazon.com (AMZN) Raised to Overweight at Barclays.
  • Applied Materials (AMAT) Raised to Buy at Citigroup.
  • Blue Nile (NILE) Raised to Overweight at Barclays.
  • CECO Environmental (CECE) Started as Buy at Cantor Fitzgerald.
  • DynCorp (DCP) Started as Buy at Stanford.
  • Global Payments (GPN) Raised to Buy at Goldman Sachs.
  • Red Hat (RHT) Raised to Buy at Jefferies.
  • Yamana Gold (AUY) Started as Outperform ar Raymond James.
  • YRC Worldwide (YRCW) Raised to Neutral at JPMorgan.

Jon C. Ogg
December 4, 2008

Posted on: December 4, 2008 – 7:58 am in Analyst Calls, , , , , , , , ,

Top 10 Pre-Market Analyst Upgrades & Downgrades (RE, FIG, PRE, SGEN, TROW, AUY, NT, RICK, RDS.A, X)

These are ten of the top analyst upgrades and downgrades we have seen this Monday morning with about 2 hours to the the open:

  • Everest Re (RE) to Outperform at Wachovia.
  • Fortress Investment (FIG) Raised to Hold from Sell at Citigroup.
  • PartnerRe (PRE) Raised to Outperform at Wachovia.
  • Seattle Genetics (SGEN) Raised to Outperform at Oppenheimer.
  • T. Rowe Price (TROW) Raised to Outperform at KBW; raised to Outperform at Wachovia.
  • Yamana Gold (AUY) Raised to Outperform at CIBC.
  • Nortel (NT) Cut to Neutral at UBS.
  • Rick’s Cabaret (RICK) Cut to Neutral at Merriman Curhan Ford.
  • Royal Dutch Shell (RDS.A) Cut to Underperform at Credit Suisse.
  • US Steel (X) Cut to Sell at UBS.

Jon C. Ogg
October 27, 2008

Posted on: October 27, 2008 – 6:50 am in Analyst Calls, , , , , , , , , ,

Early-Bird Analyst Upgrades (DLTR, HTX, KLAC, ORLY, TSRA, AUY)

These are some of the early analyst upgrades or positive calls we are seeing this Wednesday in early pre-market hours:

  • Dollar Tree (DLTR) Raised to Buy at S&P.
  • Hutchinson Telecom (HTX) Raised to Buy at Citigroup.
  • KLA-Tencor (KLAC) Raised to Overweight at HSBC.
  • O’Reilly Automotive (ORLY) Raised to Overweight at JPMorgan.
  • Tessera Technologies (TSRA) Raised to Outperform at FBR.
  • Yamana Gold (AUY) Raised to Outperform at RBC.

JON C. OGG
August 20, 2008

Posted on: August 20, 2008 – 6:39 am in Analyst Calls, , , , , ,

Five Big Winners For A Crummy Day (BBBY, NVO, SWHC, S, AUY)

Chances are that if you weren’t short selling all day, this was another ugly summer day that made you want to panic. Covering the market wasn’t any more fun either.  But imagine that there were some key stock winners on a day where oil breaks above $140.00 per barrel and when the DJIA, NASDAQ, and S&P 500 were all down roughly 3%.  You might think you’d have to be Dr. Pangloss for any positive takes, but here are a few key stock winners:

Bed Bath & Beyond Inc. (NASDAQ: BBBY) closed up 4.27% at $29.79 after beating earnings the night before.  We saw nearly triple the volume with more than 14.3 million shares traded.  Earnings were down from the prior year but still better than analysts were expecting.  You just know their customer base isn’t going to stay at home forever, recession or not….

Novo Nordisk A/S (NYSE: NVO) was another standout winner, and it is amazing that the volume on this diabetes winner has remained so low.  The Danish drug company is often one of the few winners on crummy days as their diabetes treatments are above and beyond all.  Shares closed up 2.8% at $67.85.  While 480,000 shares isn’t as actively traded as many key US drug stocks, it is nearly double a normal day for NVO shares. Recession or no recession, that insulin for diabetics has to keep coming and it has to keep getting better and better.

Smith & Wesson Holding Corp. (NASDAQ: SWHC) rose by 6.6% to $5.45 today on more than double volume of 1.66 million shares.  And it wasn’t because we all have to buy guns to fight off the economically challenged. The Supreme Court overturned a handgun ban in Washington D.C. by a 5-4 decision, ruling that the district’s handgun laws violated the Second Amendment by denying individuals the right to own guns.

Sprint Nextel Corp. (NYSE: S) bucked the day’s trends after it said that the recently launched touch screen Samsung Instinct smart phone broke company sales records in its first week in stores.  If there was a phone company that needed a rally, it’s Sprint.  Shares closed up almost 3.4% at $8.84 on almost twice the normal trading volume with more than 64 million shares trading hands.

Yamana Gold Inc. (NYSE: AUY) was the volume leader in major gold stocks today.  With a weakening dollar and oil cruising past $140/barrel, you know the gold bugs were winning today.  We saw more than a 3% gain to back above $900/ounce for gold today.  Yamana shares were up 6.8% at $15.61 on over 21.4 million shares, almost twice its average daily volume.

Interestingly enough, none of the major integrated U.S. oil companies rose today.  Even that huge list of DEFENSIVE STOCKS FOR A CRUMMY MARKET failed to perform again today. 

Jon C. Ogg
June 26, 2008

Posted on: June 26, 2008 – 4:03 pm in Defensive Stocks, HI/LOW, , , , ,

Top 10 Pre-Market Analyst Calls (ATI, AIV, DELL, GPS, JTX, KSU, NDAQ, PRU, SIRI, AUY)

These are not the only analyst calls impacting stocks, but these are the top analyst calls that 247WallSt.com is focusing on this Friday in pre-market trading:

  • Allegheny Tech (NYSE: ATI) cut to Neutral from Outperform at Cowen & Co.
  • Apartment Investment (NYSE: AIV) Cut to Neutral from Outperform at Credit Suisse.
  • Dell Inc. (NASDAQ: DELL) Cut to Neutral from Buy at Goldman Sachs.
  • Gap Inc (NYSE: GPS) Cut to Neutral from Outperform at Credit Suisse.
  • Jackson Hewitt (NYSE: JTX) Raised to Buy from Neutral at Goldman Sachs.
  • Kansas City Southern (NYSE: KSU) Cut to Neutral from Buy at UBS.
  • NASDAQ OMX (NASDAQ: NDAQ) Started as Neutral at UBS.
  • Prudential Financial (NYSE: PRU) Raised to Overweight from Underweight at Lehman.
  • Sirius Satellite Radio (NASDAQ: SIRI) cut to Neutral from Outperform at Credit Suisse.
  • Yamana Gold (NYSE: AUY) raised to Buy at UBS.

Jon C. Ogg
April 4, 2008

Posted on: April 4, 2008 – 6:38 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ARUN, BLK, COMS, DLB, HAL, JNPR, MOT, OMRX, QLGC, STX, AUY)

These are not all of the calls we are seeing this morning, but these are the top calls that we are focusing on this Thursday morning in pre-market activity:

  • Aruba Networks (NASDAQ: ARUN) Cut To Sell From Neutral at Goldman Sachs.
  • BlackRock (NYSE: BLK) Cut To Underperform From Neutral at Credit Suisse.
  • 3Com (NASDAQ: COMS) Raised To Outperform From Market Perform at Bernstein.
  • Dolby Labs (NYSE: DLB) Raised To Equalweight at Morgan Stanley.
  • Halliburton (NYSE: HAL) Raised To Outperform From Sector Perform at RBC.
  • Juniper Networks (NASDAQ: JNPR) Cut To Neutral From Buy at Goldman Sachs.
  • Motorola (NYSE: MOT) Cut To Neutral From Buy at Bank Of America.
  • Omrix Biopharmaceuticals (NASDAQ: OMRX) Started At Buy at UBS.
  • QLogic (NASDAQ: QLGC) Cut To Underweight From Neutral at JP Morgan.
  • Seagate Technology (NYSE: STX) Cut To Neutral From Outperform at Baird.
  • Yamana Gold (NYSE: AUY) Cut To Sector Perform at CIBC.

Jon C. Ogg
March 27, 2008

Jon Ogg produces the Special Situation Investing Newsletter and can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers

Posted on: March 27, 2008 – 6:49 am in Analyst Calls, , , , , , , , , , ,

Cramer Reviews 2007 Into 2008 (AUY, ABX, BMRN, HAL, AAPL, MO, SVNT, RIMM, GOOG, AMZN, RAD, LVLT, NYX, CSCO)

On tonight’s MAD MONEY on CNBC, Jim Cramer kicked off 2008 by being somewhat cautious on the volatility in 2008.  Cramer said he wants to Add gold to the portfolio  with Barrick Gold (NYSE: ABX) for speculative gold and Yamana (NYSE:AUY) growth gold.  Cramer did review TOP 9 PICKS FOR 2007 and showed that if you contain your losses you can make money since the 9 picks he said were up 16% collectively.  He wants to contain losses and let the winners win:

  • Apple (NASDAQ:AAPL) is one he wants to stick with.  Halliburton (NYSE:HAL) is another one he wants to stick with as well as it underperformed the sector.  Altria (NYSE:MO) beat the averages and he likes the management there.
  • Rite Aid (NYSE:RAD) was a horrible loser with -53% and Level 3 Communications (NASDAQ:LVLT) was down by -49%, but they did both rise substantially before rising.  Both had bad balance sheets and that was an omen he won’t try to repeat.Goldman Sachs (NYSE:GS) as a company only rose 8% because of the financial stocks, despite that it won in the entire group.  NYSE Euronext (NYSE: NYX) was the worst one with a horrible loss.  Cheap technology companies don’t work and that ended up being the case with Cisco Systems (NASDAQ: CSCO). 
  • Cramer said that the market is just too fickle to make year-end predictions in companies.  So with an election and a crazy market he is not going to play that game.

Cramer did say that BIOTECH is the sector to speculate in during 2008, although he notes that with large rewards you can expect large risk.  He noted that his pick of Savient (NASDAQ:SVNT) and then the trade out into BioMarin (NASDAQ:BMRN) turned more than a 70% gainer there.

If you want to see our consolidated summary with our top Cramer coverage with all of his various lists of 2007 stocks that are being updated in the coming days you can see that here.  This morning he said that he sees agriculture and solar continuing to win, and his best sector for 2008 was just listed as oil & gas.  He also said he wouldn’t be a seller of Apple (NASDAQ:AAPL) because of the 30% earnings growth that only a handful of companies have; he’s still positive on three of his Four Horsemen of Tech Research-in-Motion (NASDAQ:RIMM) and Google (NASDAQ:GOOG), although he’d sell Amazon.com (NASDAQ:AMZN) above $100.00.

Jon C. Ogg
January 2, 2008

Posted on: January 2, 2008 – 6:27 pm in Cramer, , , , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ADSK, BRKS, CVC, LNG, ITG, SNN, TTEK, TSN, YHOO, AUY)

These are not the only analyst calls out there this morning, but these are the top ten that 24/7 Wall St. is looking at this morning.

  • AutoDesk (ADSK) raised to Buy from Neutral at Goldman Sachs with a $52 target.
  • Brooks Automation (BRKS) raised to Outperform at Bear Stearns.
  • Cablevision Systems Corp. (CVC) lowered target from $33 to $31 at Goldman Sachs.
  • Cheniere Energy (LNG) started as Buy at Banc of America.
  • Investment Technology Group (ITG) raised to Outperform at Keefe Bruyette & Woods.
  • Smith & Nephew (SNN) raised to Outperform at Bear Stearns.
  • Tetra Tech (TTEK) started as Underperform at BMO.
  • Tyson Foods (TSN) raised to Buy at Deutsche Bank, after yesterday’s blow-up.
  • Yahoo! (YHOO) raised to Outperform at CIBC.
  • Yamana Gold (AUY) raised to Buy at UBS.

Jon C. Ogg
November 13, 2007

Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.

Posted on: November 13, 2007 – 7:55 am in Analyst Calls, , , , , , , , , ,

Cramer’s New Gold Stock (ABX, NEM, AUY, BHP)

On tonight’s MAD MONEY on CNBC, Jim Cramer reviewed a stock that offers both protection and upside:

Barrick Gold (NYSE:ABX) has the most upside according to Cramer in gold stocks.  The weak dollar is driving up gold prices in dollar terms, and he thinks the yellow shiny stuff itself is heading higher and even said he thinks you could see $1,000.00 gold.  Barrick is not going to hedge going forward after having been hedged for many years, and Cramer thinks this is a bullish signal on their opinion of gold.  Their costs have risen significantly to find gold, but the company has been able to hold costs against revenues and they have less political risk mining geographics.

Cramer said he used to prefer Newmont (NYSE:NEM), but he’s disappointed that it hasn’t converted on growth.  Barrick closed at $39.41, and its 52-week trading range is $26.94 to $41.34.  After Cramer discussed this it rose nearly 2% in after-hours to $40.10.

Jon C. Ogg
October 3, 2007

Posted on: October 3, 2007 – 5:17 pm in Cramer, Metals, , , ,

Yamana’s Offer For Meridian Gold Appears Inadequate (MDG, AUY, GLD)

Meridian Gold Inc. (NYSE:MDG) has announced that its Board of Directors unanimously recommends that shareholders reject the amended unsolicited offer by Yamana Gold Inc. (NYSE:AUY) and not tender any of their shares after it determined that the amended offer still fails to provide full value for Meridian Gold shares.

The company officer quotes signal an inadequate offer and that the company is continuing to execut on its own.  It also has received written opinions from each of its financial advisors, BMO Capital Markets and Goldman Sachs, that the consideration offered under the amended Yamana offer was inadequate.

Meridian Gold’s Board of Directors also reviewed its reasons for rejecting the original offer: the C$0.85 increase in the cash portion of the consideration represents only a 2.9% increase in the total consideration as of the announcement date of the amended offer; the cash has increased only from 10.9% to 13.4% of the total consideration as of the announcement date of the amended offer, and the offer still consists overwhelmingly of Yamana shares; if the Meridian shares had tracked the rise in the Philadelphia Gold & Silver Index (XAU) since Yamana’s original June 27 announcement, the amended offer would represent a one day premium of only 8.3%.

Meridian Gold is actually toward the lower-end of its 52-week trading range: Its Canadian ADR’s closed at $24.12 Friday in US trading and its range over the last year is $21.58 to $32.53.  It also has a $2.4 Billion market cap and trades more than 1 million shares per day on average.  The streetTRACKS Gold Shares (GLD) ETF that tracks gold ounces at 1/10 the price minus management fees, closed at $64.94 on Friday, and its 52-week trading range is $55.55 to $68.73.

Jon C. Ogg
August 20, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 20, 2007 – 8:27 am in ADR, Mergers and Buy Outs, Metals, , ,

Bears In Them Thar Gold Hills (GLD, ABX, NEM, AUY, AU, RGLD)

What is the one sector that is viewed as a safe haven in scary times?  Outside of water it’s gold, and gold is easier to invest in than water as far as the stock market is concerned.  But when you get a worry that we might be heading into a ‘deflationary environment’ gold isn’t viewed as a safety net.  On last look, the shiny metal itself was down to $661.00 and was almost $672.00 when I woke up this morning. The DJIA fell almost 400 points to 13,270.68.  Check this out:

The StreetTracks Gold Trust (NYSE:GLD), the ETF that tracks gold prices on a 1:10 ratio of the price of an ounce of the shiny metal, fell 1.95% to $65.46. 

Barrick Gold Corp. (NYSE:ABX) fell almost 1% to $33.77, still with a $29.2 Billion market cap.  Goldcorp Inc. (NYSE:GG) fell 3% to $24.92 and AngloGold Ashanti (NYSE:AU) fell 2.6% to $37.45.  Yamana Gold (NYSE:AUY) fell 3% to $10.92, and it’s one of Jim Cramer’s favorites.  Newmont Mining Corp. (NYSE:NEM) is back to mostly being unhedged and it fell 2.15% to $41.42. 

Royal Gold Inc. (NASDAQ:RGLD) was one of the few bright spots with a 0.4% gain to $31.52, mainly because of a press release of an amended merger pact with Battle Mountain Gold.

Jon C. Ogg
August 9, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 9, 2007 – 5:05 pm in Metals, , , , , , ,

Pre-Market Stock News (July 20, 2007)

(ACOR) Acorda COO resigned to pursue other interests.
(AMD) Advanced Micro Devices traded up 4% after revenues were ahead of plan on processor sales.
(AUY) Yamana Gold makes business combination offer for Meridian Gold.
(BVF) Biovail received a non-approval letter from the U.S. FDA for its NDA for BVF-033.
(C) Citigroup $1.24 EPS vs $1.13 estimate, Revenues $25.6 Billion vs. $24.88B est.
(CAT) Caterpillar $1.24 EPS vs $1.49 estimate.
(ERIC) Ericsson ADR’s trading down over 4% after earnings rose 12% overseas.
(MSFT) Microsoft traded down almost 1% after meeting expectations.
(OWW) Orbitz IPO priced 34 million shares at $15.00.
(GOOG) Google traded down 7% after missing EPS on higher expenses.
(PRSP) Prosperity Bancshares $0.52 EPS vs $0.52 estimate.
(RHHBY) Roche profit rose 24% overseas; named new chief for diagnostics unit.
(SLB) Schlumberger $1.02 EPS vs $0.95 estimate.
(SNDK) SanDisk trading up over 4% after beating earnings.
(SNTS) Santarus announces achievement of $5 million milestone payment under license agreement wit Schering-Plough.
(SON) Sonoco $0.56 EPS vs $0.59 estimate.
(WB) Wachovia $1.23 EPS vs $1.22 estimate.
(WHR) Whirlpool $2.00 EPS vs $1.83 estimate.

Jon C. Ogg
July 20, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 20, 2007 – 7:21 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , ,

Pre-Market Analyst Calls (July 13, 2007)

AOB started as Outperform at CIBC.
AUY started asOutperform at Credit Suisse.
BGFV cut to Sector Perform at CIBC.
BJ raised to Equal Weight at Lehman.
BLK started as Outperform at Wachovia.
CCL raised to Overweight at JPMorgan.
CHE cut to Hold at Deutsche Bank.
CIT cut to Sector PErform at CIBC.
CREE started as Hold at Deutsche Bank.
DWA started as Buy at Stifel Nicolaus.
EMC cut to Mkt Perform at Morgan Keegan.
FRO cut to Reduce at UBS.
HAL raised to Outperform at Credit Suisse.
HDB started as Buy at Jefferies.
IBN started as Buy at Jefferies.
NATI raised to Overweight at Thomas Weisel.
NDN raised to Buy at Deutsche Bank.
PPDI cut to Hold at Jefferies.
RCL raised to Overweight at JPMorgan.
RNOW started as Hold at Cantor Fitzgerald.
RSH cut to Sell at B of A.
SEB raised to Buy at Jefferies.
SWK started as Neutral at B of A.
SWY raised to Equal Weight at Lehman.
VRSN raised to Buy at Jefferies.
VSCN cut to Mkt Perform at FBR.
WON cut to Sell at Citigroup.
ZBRA raised to Overweight at Thomas Weisel.

Jon C. Ogg
July 13, 2007

Posted on: July 13, 2007 – 6:43 am in Analyst Calls, , , , , , , , , , , , , , , , , , , , , , , ,