Posts for Ticker ‘CAR’

Major Secondary Offerings Keep Coming (ALTH, ATAX, ARYX, APPY, GRS, LINE, SGMO, CAR)

Money Stack ImageWe are seeing more and more waves of secondary offerings continue to hit the Street since the stock market has held up. Many stocks are close to near-term highs and it seems they are raising cash in case the opportunity goes away.  Allos Therapeutics, Inc. (NASDAQ: ALTH), America First Tax Exempt Investors, L.P. (Nasdaq: ATAX), ARYx Therapeutics, Inc. (NASDAQ: ARYX), AspenBio Pharma Inc. (NASDAQ: APPY), Gammon Gold, Inc. (NYSE: GRS), LINN Energy, LLC (NASDAQ: LINE), and Sangamo BioSciences, Inc. (Nasdaq: SGMO) have all priced secondary offerings.  Avis Budget Group, Inc. (NYSE: CAR) is one of the pending offerings.
Read More »

Posted on: October 7, 2009 – 11:09 am in Secondary Offering, , , , , , , ,

Top Analyst Upgrades (CAR, BAC, BCSI, CLRT, IHS, MA, PLXS, QTWW, SLB)

These are some of the top early bird analyst upgrades and positive research calls we are seeing from Wall Street this Thursday morning with more than two hours until the market opens:

Avis Budget (CAR) Raised to Equal Weight at Barclays.
Bank of America (BAC) Raised to Outperform at KBW.
Blue Coat Systems (BCSI) Raised to Buy at Merriman Curhan Ford.
Clarient (CLRT) Started as Outperform at Baird.
IHS (IHS) Started as Buy at Jefferies.
Mastercard (MA) Started as Buy at Piper Jaffray.
Plexus (PLXS) Raised to Outperform at Baird.
Quantum Fuel (QTWW) Started as Overweight at Thomas Weisel.
Schlumberger (SLB) Started as Buy at Societe Generale.

JON C. OGG

Posted on: June 11, 2009 – 6:28 am in Analyst Calls, , , , , , , , ,

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, , , , , , , ,

Twelve Major Brands That Will Disappear

A number of well-known brands disappeared in the last year in large part due to economic forces. Many of them were in the retail industry, led by Circuit City. ATA and Aloha airlines are gone. Gateway Computers has effectively disappeared after being bought by Acer. It still has a website, but the brand is no longer marketed.

As the recession deepens and stretches out quarter after quarter, more companies will close or will shut divisions. More brands will disappear because their parents firms fold or can no longer afford to support them. Other brands will be obliterated by mergers.

24/7 Wall St. examined 100 large brands that are facing troubled futures. The analysis included records for those brands that are public companies or part of public companies. We considered sales information, information from industry experts, and brand histories. We also looked at the level of competition in each brand’s market and the extent to which that competition is growing. We examined the likelihood that a brand could be sold or spun off in cases where parent companies are in financial trouble.

We have compiled a list of 12 brands that will we believe will not survive until the end of next year. Each brand and the major reasons for its demise are listed along with some of the public information 24/7 Wall St. examined. Read More »

Posted on: April 15, 2009 – 8:39 pm in Airlines, Apparel, Media, Uncategorized, , , , , , , , , , , , , , ,

The Car Rental Business Want Money To Buy Cars (CAR)(HTZ)(F)(GM)

Batmobile512Watching the land grab for TARP money becomes more entertaining every day.

Now Hertz (HTZ) and Avis (CAR) want money to buy Ford (F) and GM (GM) cars.

The plan makes a perverse sort of sense.

Read More »

Posted on: January 29, 2009 – 6:41 am in Autos, , , ,

The 52-Week Low Club (BIDU)(CAR)(MRT)(UTHR)

Sad_clownBaidu (BIDU) Looks like a little run-in with the Chinese government. Down to $130.51 from 52-week high of $418.22.

Avis Budget  (CAR) Downgraded by Barclays on debt concerns. Off to $.88 from 52-week high of $18.

MetLife (MET) Concerns about capital crisis spreading to insurance companies. Hits $22.48 down from 52-week high of $67.21.

United Therapeutics (UTHR) Disappointing drug trial. Falls to $56.29 from 52-week high of $117.82.

Douglas A. McIntyre

Posted on: November 17, 2008 – 3:58 pm in HI/LOW, , , ,

The 52-week Low Club (BIDU)(CAR)(MRT)(UTHR)

Sad_clownBaidu (BIDU) Looks like a little run-in with the Chinese government. Down to $130.51 from 52-week high of $418.22.

Avis Budget  (CAR) Downgraded by Barclays on debt concerns. Off to $.88 from 52-week high of $18.

MetLife (MET) Concerns about capital crisis spreading to insurance companies. Hits $22.48 down from 52-week high of $67.21.

United Therapeutics (UTHR) Disappointing drug trial. Falls to $56.29 from 52-week high of $117.82.

Douglas A. McIntyre

Posted on: November 17, 2008 – 3:58 pm in HI/LOW, , , ,

Top Pre-Market Analyst Downgrades (AA, AZ, ACAS, CAR, CMA, HTZ, KFN, SGMO, TM)

Down_arrow_redThese are the top early bird analyst downgrades we are seeing with more than two hours to the open on this Tuesday morning:

  • Alcoa (NYSE: AA) Cut to Market Perform at FBR.
  • Allianz (NYSE: AZ) Cut to Hold from buy at Citigroup.
  • American Capital (NASDAQ: ACAS) Cut to Market Perform at William Blair; Cut to Hold at BB&T.
  • Avis Budget (NYSE: CAR) Cut to Underweight at Barclays.
  • Comerica (NYSE: CMA) Cut to Hold at Deutsche Bank.
  • Hertz (NYSE: HTZ) Cut to Equal Weight at Barclays.
  • KKR Financial (NYSE: KFN) Cut to Sell at Citigroup.
  • Sangamo Biosciences (NASDAQ: SGMO) Cut to Neutral at Merriman Curhan Ford; Cut to Sell at Piper Jaffray.
  • Toyota (NYSE: TM) Cut to Underweight at HSBC.

Jon C. Ogg
November 11, 2008

Posted on: November 11, 2008 – 7:34 am in Analyst Calls, , , , , , , , ,

The 52-Week Low Club (CAR)(AMR)(UAUA)(CC)(FO)

Avis Budget (CAR) Part of the collapse of the travel industry. Down to $6.93.

Fortune Brands (FO) Poor results dog the stock. Down to $51.59 from 52-week high of $90.80.

AMR Corporation (AMR) Another brutal day for airlines. Sells down to $4.58 from 52-week high of $29.32.

UAL (UAUA) Ditto. Down to $4.44 from 52-week high of $51.60

Circuit City (CC) Weak retailer in weak retail market. Drops to $2.47 from 52-week high of $15.33.

Douglas A. McIntyre

Posted on: July 1, 2008 – 2:56 pm in HI/LOW, , , , ,