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Top 10 Analyst Upgrades, Downgrades, Initiations (AFL, BRCM, DDS, D, INTC, MRVL, BTU, RTP, STP, TXN)

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

AFLAC (NYSE: AFL) Raised to Overweight at Morgan Stanley.
Broadcom Corp. (NASDAQ: BRCM) Started as Outperform at BMO Capital Markets.
Dillard’s (NYSE: DDS) Raised to Buy at Deutsche Bank.
Dominion (NYSE: D) Cut to Sell at Citigroup.
Intel Corp. (NASDAQ: INTC) Started as Outperform at BMO Capital Markets.
Marvell Technology (NASDAQ: MRVL) Started as Outperform at BMO Capital Markets.
Peabody Energy (NYSE: BTU) Removed from Conviction Buy List (still Buy rated) at Goldman Sachs.
RioTinto (NYSE: RTP) Cut to Underperform at Credit Suisse.
Suntech Power (NYSE: STP) Raised to Hold at Soleil.
Texas Instruments (NYSE: TXN) Started as Outperform at BMO Capital Markets.

You can join our open email distribution list to hear more news on key analyst calls, top day trader alerts, mergers and acquisitions, Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG
NOVEMBER 20, 2009

Posted on: November 20, 2009 – 8:05 am in Analyst Calls, Technology Companies, AFL, BRCM, BTU, D, DDS, INTC, MRVL, RTP, STP, TXN

Top 10 Analyst Upgrades, Downgrades, Initiations (ADI, ACI, ISRG, BTU, PHM, RIMM, STX, SPWRA, TGT, WDC)

These are this Wednesday’s top ten analyst upgrades, downgrades, and initiations seen in Wall Street research calls:

Analog Devices (NYSE: ADI) Raised to Conviction Buy List at Goldman Sachs.
Arch Coal (NYSE: ACI) Started as Overweight at HSBC.
Intuitive Surgical (NASDAQ: ISRG) Started as Market Perform at Morgan Keegan.
Peabody Energy (NYSE: BTU) Started as Overweight at HSBC.
Pulte Homes (NYSE: PHM) Raised to Buy at Citigroup.
Research-in-Motion (NASDAQ: RIMM) Cut to Market Perform at BMO.
Seagate Technology (NASDAQ: STX) Cut to Underperform at BofA Merrill Lynch.
Sunpower Corporation (NASDAQ: SPWRA) Cut to Neutral at Janney Montgomery Scott.
Target Corp. (NYSE: TGT) Cut to Neutral at Goldman Sachs.
Western Digital Corp. (NYSE: WDC) Cut to Underperform at BofA Merrill Lynch.

JON C. OGG

Posted on: November 18, 2009 – 7:53 am in Analyst Calls, Pre-Market Activity, Trading Alert, ACI, ADI, BTU, ISRG, PHM, RIMM, SPWRA, STX, TGT, WDC

Top Analyst Upgrades (BCSI, CVD, TRAK, DNDN, DISH, GYMB, HPQ, M, BTU, PETM, X)

These are this Tuesday morning’s top pre-market analyst upgrades and positive research calls seen from Wall Street:

Blue Coat Systems (BCSI) started as Buy at BofA/Merrill.
Covance (CVD) upgraded to Buy at Jefferies.
DealerTrack Holdings (TRAK) upgraded to Outperform at Cowen.
Dendreon (DNDN) Started as Outperform at Leerink Swann.
DISH Network (DISH) upgraded to Outperform at Wells Fargo.
Gymboree (GYMB) upgraded to Outperform at FBR Capital.
Hewlett-Packard (HPQ) upgraded to Outperform at Credit Suisse.
Macy’s (M) upgraded to Buy at Citigroup.
Peabody Energy (BTU) upgraded to Buy at Citigroup.
Petsmart (PETM) Started as Overweight at Thomas Weisel.
US Steel (X) upgraded to Neutral at BofA/Merrill.

You can join our open email distribution list which goes out several times per week for top analyst upgrades and downgrades, top day trader alerts, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: September 22, 2009 – 8:17 am in Analyst Calls, BCSI, BTU, CVD, DISH, DNDN, GYMB, HPQ, M, PETM, TRAK, X

At Least The Chinese Stimulus Works For The American Economy

Economists debate the impact of the U.S. economic stimulus plan, and if a second round of stimulus is needed. But there’s no doubt that China’s plan is working for us.

In the many rounds of second-quarter earnings calls, the CFOs of U.S. companies are lauding how well they are doing in China. Caterpillar Inc. (NYSE: CAT) topped Q2 expectations, saying that China’s fiscal stimulus is beginning to work for them. United Technologies Corp.(NYSE: UTX), expects strong second-half China results, as the economy there begins to recover. Read More »

Posted on: July 22, 2009 – 10:33 am in Autos, Banking, China, Economy, Oil & Gas, BAC, BTU, CAT, F, GS, UTX

Top Analyst Upgrades and Downgrades (AGN, BJS, CTRN, ELN, ENDP, MVL, BTU, TXN, TXRH, TSN)

These are the top 10 analyst upgrades and downgrades we have seen from Wall Street firms early this Monday morning:

Allergan (AGN) Raised to Buy at Citigroup.
BJ Services (BJS) Cut to Underperform at Wells Fargo.
Citi Trends (CTRN) Cut to Neutral at JPMorgan.
Elan (ELN) Raised to Buy at UBS.
Endo Pharmaceuticals (ENDP) Started as Buy at Citigroup.
Marvel Entertainment (MVL) Cut to Neutral at Janney
Peabody Energy (BTU) Raised to Outperform at FBR.
Texas Instruments (TXN) Raised to Hold from Underperform at Jefferies; Reiterated Sell w/ $14 target at Auriga.
Texas Roadhouse (TXRH) Cut to Neutral at Baird.
Tyson Foods (TSN) Cut to Hold at Deutsche Bank.

Jon C. Ogg
July 20, 2009

Posted on: July 20, 2009 – 6:25 am in Analyst Calls, AGN, BJS, BTU, CTRN, ELN, ENDP, MVL, TSN, TXN, TXRH

Why the Sunshine in Solar Stocks? (STP, CSIQ, YGE, ENER, USO, BTU)

Suntech Power Holdings Co., Ltd. (NYSE:STP) closed its follow-on offering of 23 million ADSs on May 28th. The price per ADS was $12.50, and the company raised net proceeds of about $277 million.

Suntech shares hit a high of more than $16/ADS yesterday before closing at $15.44, nearly $3 more than the follow-on offering price. And virtually all solar stocks have risen nicely in the past week. Canadian Solar Inc. (NASDAQ:CSIQ) and Yingli Green Energy Holding Company Ltd. (NYSE:YGE) are up nearly 20%, and Suntech and Energy Conversion Devices Inc. (NASDAQ:ENER) are up more than 5%.
Read More »

Posted on: May 29, 2009 – 8:28 am in ADR, Alternative Energy, Commodities, Green Biz, Oil & Gas, BTU, CSIQ, ENER, STP, USO, YGE

Peabody Tanking Coal (BTU, KOL)

For the first quarter of 2009, Peabody Energy Corp. (NYSE:BTU) has reported EPS of $0.63 on revenue of $1.46 billion from 59.6 million tons of coal sold. Analysts estimates averaged an EPS of $0.93 on $1.62 billion in revenue. The reaction here is enough that it is affecting the Market Vectors Coal ETF (NYSE: KOL).

Posted on: April 15, 2009 – 8:05 am in Commodities, Earnings, BTU, KOL

Major Earnings Estimates, A Bar Set Too Low (INTC, AMR, LUV, BTU, GOOG, GCI, HOG, GE)

We have already seen at least one major upside surprise in earnings season for the Q1-2009 period. But we have many major companies which are expected to report earnings this week that are market-movers that are likely to set the trends for this earnings season. Among these are CSX Corp. (NYSE: CSX), Intel Corporation (NASDAQ: INTC), AMR Corporation (NYSE: AMR), Peabody Energy Corp. (BTU), Google Inc. (NASDAQ: GOOG), Gannett Co., Inc. (NYSE: GCI), Harley-Davidson, Inc. (NYSE: HOG), and General Electric Co. (NYSE: GE). You’ll notice we have left financial stocks off of here, as that is for another piece.

It turns out some of these have seen the bar lowered by analysts to the point that these companies could represent very large “fake” upside surprises. Compared to last year, or even last quarter, some of these earnings are genuinely going to be atrocious. The good news here is that most traders and analysts just refer to the consensus estimates, and for these we use the Thomson Reuters (First Call) estimates. We wanted to outline how these earnings compare to history and to estimates, and how much these have recovered with the rally in the last five weeks.
Read More »

Posted on: April 14, 2009 – 5:01 am in Earnings, Economy, Technology Companies, Transports, AMR, BTU, GCI, GE, GOOG, HOG, INTC, LUV

Patriot Beats Low Expectations (PCX, BTU, ACI, CNX)

Patriot Coal Corp. (NYSE:PCX) reported fourth quarter and full year numbers this morning. Patriot’s report follows the trail blazed earlier this year by Peabody Energy Corp. and Arch Coal Inc. (NYSE:ACI) and CONSOL Energy Inc. (NYSE:CNX).

Posted on: February 10, 2009 – 9:55 am in Commodities, Earnings, ACI, BTU, CNX, coal stocks, Earnings, Patriot Coal, PCX

Coal is Hot (ACI, CNX, BTU)

This morning’s quarterly and annual results from Arch Coal, Inc. (NYSE:ACI) have kept the coal fires burning. Arch reported EPS of $2.45 on net income of $354.3 million for the year. Annual revenues hit $2.98 billion. Analysts had been anticipating $2.42 EPS on $2.97 billion in revenues.

The quarterly results were also stirring. Revenues hit $729.9 million and EPS was $0.44. Analysts expected EPS of $0.39 and revenues of $713.9 million. However, compared with 2007, EPS was off by $0.12/share, and that was disappointing. The stock is down almost 5% in early trading.

Posted on: January 30, 2009 – 12:52 pm in Alternative Energy, ACI, BTU, CNX

Top Pre-Market Analyst Downgrades (AFFX, APD, ACAS, AMLN, AMAT, AINV, CTXS, DRYS, XOM, IRBT, LRCX, NFLX, NSR, NHY, NYX, BTU, UPS)

These are some of the top pre-market analyst downgrades and cautious calls we are seeing this Thursday morning:

Affymetrix (AFFX) Cut to Underweight at JPMorgan.
Air Products (APD) Cut to Neutral at JPMorgan.
American Capital (ACAS) Cut to Underperform at KBW.
Amylin Pharma (AMLN) Cut to Sell at Canaccord.
Applied Materials (AMAT) Started as Sell with $8 target at Auriga.
Apollo Investment (AINV) Cut to Market Perform at KBW.
Citrix Systems (CTXS) Cut to Neutral at Credit Suisse.
DryShips (DRYS) Cut to Underperform at Oppenheimer.
Exxon Mobil (XOM) Cut to Neutral at Goldman Sachs.
iRobot (IRBT) Cut to Neutral at JPMorgan.
Lam Research (LRCX) Cut to Underperform at Credit Suisse.
Netflix (NFLX) Started as Sell at Maxim Group.
Neustar (NSR) Cut to Neutral at JPMorgan.
Norsk Hydro (NHY) Cut to Market Perform at Bernstein.
NYSE Euronext (NYX) Cut to Neutral at Piper Jaffray.
Peabody Energy (BTU) Cut to Market Perform at FBR.
United Parcel Service (UPS) Cut to Underweight at Morgan Stanley.

Jon C. Ogg
January 29, 2009

Posted on: January 29, 2009 – 7:57 am in Analyst Calls, BTU, NFLX, CTXS, DRYS, APD, AINV, XOM, ACAS, UPS, AMLN, NYX, AMAT, NSR, AFFX, LRCX, IRBT, NHY

Top Pre-Market Analyst Downgrades (AMLN, BIIB, CIEN, XOM, GFA, MXIM, BTU, SLT, SPWRA)

These are some of the top pre-market downgrades and cautious calls we have seen from Wall Street analysts this Wednesday morning:

Amylin Pharmaceuticals (AMLN) Cut to Sell at Canaccord Adams.
Biogen Idec (BIIB) Started as Sell at Brean Murray.
Ciena (CIEN) Cut to Underperform at Credit Suisse.
Exxon Mobil (XOM) Cut to Neutral at UBS.
Gafisa (GFA) Cut to Neutral at UBS.
Maxim Integrated (MXIM) Cut to Equal Weight at Barclays.
Peabody Energy (BTU) Cut to Market Perform at FBR.
Sterlite Industries (SLT) Cut to Sell at Citigroup.
Sunpower (SPWRA) Cut to Accumulate at ThinkEquity.

Jon C. Ogg
January 28, 2009

Posted on: January 28, 2009 – 8:40 am in Analyst Calls, AMLN, BIIB, BTU, CIEN, GFA, MXIM, SLT, SPWRA, XOM

Cramer’s Six Quick Picks (VZ, X, BTU, CAT, BMY, PWR)

We haven’t been covering Jim Cramer as much for many different reasons, but we still pay attention when he comes out with stock picks because it can still affect at least the short term trading in some stocks. On today’s STOP TRADING segment on CNBC, Cramer’s six quick picks today were Verizon Communications (NYSE: VZ), US Steel (NYSE: X), Peabody Energy (NYSE: BTU), Caterpillar (NYSE: CAT), Bristol-Myers Squibb (NYSE: BMY), and Quanta Services (NYSE: PWR). that are liquid large cap stocks:

Posted on: January 27, 2009 – 2:47 pm in Cramer, BMY, BTU, CAT, PWR, VZ, X

Peabody Loving Coal (BTU, KOL)

Peabody Energy Corporation (NYSE:BTU) reported a huge fourth quarter this morning, and the stock is up around 12% as a result. For the full 2008 fiscal year, Peabody reported EPS of $3.63 on income of $948.8 million and revenue of nearly $6.6 billion. Shares of other coal companies are up as well, and even the Market Vectors Coal ETF (NYSE: KOL) is up almost 4% on the news.

Posted on: January 27, 2009 – 10:21 am in Commodities, Earnings, BTU, KOL

Closing Down a Coal Mine (PCX, BTU)

Last Friday, Patriot Coal Corporation (NYSE:PCX) announced that it would close its Jupiter mine in March. The company had said in September that it planned to close the West Virginia mine, so the announcement was not unexpected.

Posted on: January 12, 2009 – 11:17 am in Commodities, BTU, PCX

Less Demand, Less Coal, Less Profit (BTU, ACI, CNX, MEE)

Peabody Energy Corporation (NYSE:BTU) yesterday reduced its production estimates for Wyoming’s Powder River Basin and for its Australian coal mining. The company said it has produced "in excess of 200 million tons" of coal in 2008, but expects [CORRECTION] US production in 2009 in the range of 190-195 million tons.

When you graph the share prices of four leading coal companies, Peabody, Arch Coal Inc. (NYSE:ACI), CONSOL Energy Inc. (NYSE:CNX), and Massey Energy Company (NYSE:MEE), the lines look like exact copies of one another.

Posted on: January 8, 2009 – 11:43 am in Commodities, Earnings, ACI, BTU, CNX, MEE

CO2 Restriction Easing on Coal-fired Power Plants? (BTU, ACI, MEE, CNX, FTEK)

Last August, the US Environmental Protection Agency (EPA) ruled that a proposed coal-fired power plant in Utah did not need to file for a clean-air permit because the emissions from the plant were not regulated pollutants under the Clean Air Act. Carbon dioxide, which all of us expel every time we exhale, is not a pollutant under the EPA regulations. Thus, if a power plant is going to emit carbon dioxide, it’s just breathing.

Posted on: December 22, 2008 – 10:04 am in Alternative Energy, Oil & Gas, Utilities, ACI, BTU, CNX, FTEK, MEE

ConocoPhillips, Peabody Energy Will Convert Coal-to-Gas (COP, BTU)

Turning coal into natural gas is not brand-new technology, but it is rarely done because natural gas is, or has been, relatively cheap. Not as cheap as coal, but cleaner to burn for electricity generation.

ConocoPhillips Corporation (NYSE:COP) and Peabody Energy Corporation (NYSE:BTU) plan to build a "mine-mouth" coal gasification plant in Muhlenberg County, Kentucky. The companies have filed for an air permit, which is the latest in a number of steps that need to be completed before construction begins.

Posted on: December 16, 2008 – 12:59 pm in Alternative Energy, Oil & Gas, BTU, COP

Which Metals & Mining Stock Look Best For 2009? (RTP, BHP, ABX, GG, BTU, MEE)

In our preview of energy stocks for 2009 we were able to come up with a company that might actually provide a decent return to investors. Looking at some of the major mining stocks, however, is a somewhat bleaker experience. We have reviewed Rio Tinto plc (NYSE:RTP), BHP Billiton Ltd. (NYSE:BHP), Barrick Gold Corp. (NYSE:ABX), Goldcorp Inc. (NYSE:GG), Peabody Energy Corp. (NYSE:BTU), Massey Energy Co. (NYSE:MEE) to see which of the major miners have the best and worst prospects for 2009.

Posted on: December 11, 2008 – 12:39 pm in Commodities, Metals, Value Investing, ABX, BHP, BTU, GG, MEE, RTP

Ups and Downs in the Coal Mines (ACI, FCL, BTU)

Arch Coal (NYSE:ACI) reported solid earnings for the third quarter today, but its share price has fallen more than 4% since the market opened this morning. Arch reported EPS of $0.68, compared with $0.19 in the year-ago quarter. Revenue totaled $769.46 million, up from $599.15 million a year ago. Analysts expected EPS of $0.59 and revenues of $764.09 million, so Arch exceeded in both categories.

Posted on: October 27, 2008 – 10:05 am in Commodities, Earnings, ACI, BTU, FCL

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