24/7 Wall St. » CELL

24/7 Wall St. Closing Bell (AAPL, DELL, MOS, GILD, DNDN, BAS, CYH, LOPE, RRC, CETV, CHS, DLTR, GRMN, NG, RRD, TOL, HSTM, FIRE, THLD, NFX, CELL)

Paul Ausick — Wed, 22 Feb 2012 21:07:33 +0000

US equities markets opened lower this morning following surprisingly weak manufacturing reports from Europe and China. Fitch Ratings’ downgrade of Greek debt to ‘CCC’ could not have been a surprise, but the move highlighted the doubts about whether or not Greece will be able to meet its new obligations. The new home sales report was weaker than expected (see our coverage here) and rising crude oil costs also kept markets on the downside. Indexes remained in negative territory for most of the day and are set to close with modest losses. Crude oil was higher today, with WTI crude up 0.02% at $106.27/barrel and Brent crude up 1.23% at $123.16/barrel. Gold settled up 0.7% at $1,771.30, a three-month high.

The unofficial closing bells put the DJIA down almost 27 points to 12,938.75 (-0.21%), the NASDAQ fell more than 15 points (-0.52%) to 2,933.17, and the S&P 500 fell -0.33% or nearly 5 points to 1,357.66.

There were several analyst upgrades and downgrades today, including Apple Inc. (NASDAQ: AAPL) reiterated as ‘outperform’ and target price lifted to $600 at Credit Suisse; Dell Inc. (NASDAQ: DELL) cut to ‘neutral’ at Citigroup and cut to ‘hold’ at Needham; The Mosaic Co. (NYSE: MOS) raised to ‘buy’ at Canaccord Genuity; Gilead Sciences Inc. (NASDAQ: GILD) cut to ‘market perform’ at Bernstein; and Dendreon Corp. (NASDAQ: DNDN) started as ‘neutral’ at Citigroup.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: Basic Energy Services Inc. (NYSE: BAS) is up 0.15% at $19.90; Community Health Systems Inc. (NYSE: CYH) is up 14.3% at $23.61; Grand Canyon Education Inc. (NASDAQ: LOPE) is down -0.95% at $17.67; Range Resources Inc. (NYSE: RRC) is up 3.4% at $66.47; Central European Media Enterprises Ltd. (NASDAQ: CETV) is down -18.5% at $6.93; Chico’s FAS Inc. (NYSE: CHS) is up 16.9% at $14.97; Dollar Tree Inc. (NASDAQ: DLTR) is down -0.76% at $87.34; Garmin Ltd. (NASDAQ: GRMN) is up 9.2% at $48.81 after posting a new 52-week high of $49.93 (more coverage here); Novagold Resources Inc. (AMEX: NG) is flat at $8.75; R.R. Donnelley & Sons Co. (NYSE: RRD) is down -1.8% at $13.00; and Toll Brothers Inc. (NYSE: TOL) is down -4.8% at $22.56 (more coverage here).

Other standouts from today include the following stocks:

HealthStream Inc. (NASDAQ: HSTM) is up nearly 34% at $23.18 after posting a new all-time high of $23.19 earlier today. The Internet-based health learning company beat both EPS and revenue expectations in its most recent quarter.

Sourcefire Inc. (NASDAQ: FIRE) is up nearly 27% at $45.34 after posting a new all-time high of $45.50 earlier today. The Internet security provider handily beat earnings and revenue expectations last night.

Threshold Pharmaceuticals Inc. (NASDAQ: THLD) is up nearly 20% at $6.0. The pharmaceutical maker yesterday announced positive results for its pancreatic cancer treatment.

Newfield Exploration Co. (NYSE: NFX) is down more than -12% at $37.06. The independent oil & gas company missed EPS and revenue estimates last night.

Brightpoint Inc. (NASDAQ: CELL) is down more than -11% at $8.89. The mobile-phone wholesaler has cut its outlook for 2012.

Stay tuned for Thursday. We have noted the following events on the schedule (all times Eastern):

8:30 a.m. – New US claims for unemployment benefits
10:00 a.m. – Federal Housing Finance Agency (FHFA) house price index
10:30 a.m. – EIA weekly natural gas storage report
11:00 a.m. – EIA weekly petroleum status report
11:00 a.m. – Kansas City Fed manufacturing index
1:00 p.m. – 7-year note auction
4:30 p.m. – Federal Reserve balance sheet and money supply

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: AAPL, BAS, CELL, CETV, CHS, CYH, DELL, DLTR, DNDN, FIRE, GILD, GRMN, HSTM, LOPE, MOS, NFX, NG, RRC, RRD, THLD, TOL

Mid-day Movers (FIRE, HSTM, FCEL, NFX, CELL)

Paul Ausick — Wed, 22 Feb 2012 17:40:48 +0000

Just after noon ET today, all three major US stock indexes are showing losses, with the DJIA down about 49 points at about 12,916, the Nasdaq down nearly 18 points at 2,931, and the S&P 500 down more than 6 points to 1,356. After opening lower this morning, markets markets continued to slide on weak home sales and everyone remains concerned about what will happen in Greece. The dollar is stronger today, with the dollar index up 0.11% at 79.195. The stronger greenback is pushing some commodities up, with grains gaining the most.

Among the major movers at around noon today are Sourcefire Inc. (NASDAQ: FIRE), HealthStream Inc. (NASDAQ: HSTM), FuelCell Energy Inc. (NASDAQ: FCEL), Newfield Exploration Co. (NYSE: NFX), and Brightpoint Inc. (NASDAQ: CELL)

Sourcefire is up more than 23% at $44.20 after posting a new all-time high of $44.73 earlier this morning. Volume is nearly 9x the daily average of about 437,000 shares traded. The Internet security provider handily beat earnings and revenue expectations last night.

HealthStream is up nearly 23% at $21.31 after posting a new all-time high of $21.95 earlier today. Volume is about 4x the daily average of 200,000 shares traded. The Internet-based health learning company beat both EPS and revenue expectations in its most recent quarter.

FuelCell is up nearly 18% at $1.73. Volume is already nearly 5x the daily average of 1.2 million shares traded. The fuel cell maker has signed a joint venture deal to develop fuel cells in Europe and could benefit from a decision by Apple Inc. (NASDAQ: AAPL) to build a clean-energy data center in North Carolina.

Newfield is down nearly -12% at $37.33. Volume is about 3x the daily average of around 2.2 million shares traded. The independent oil & gas company missed EPS and revenue estimates last night.

Brightpoint is down more than -11% at $8.89. Volume is about 1.5x the daily average of 617,000 shares traded. The mobile-phone wholesaler has cut its outlook for 2012.

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: CELL, FCEL, FIRE, HSTM, NFX

Top Analyst Upgrades & Downgrades (CELL, CSCO, DECK, DO, FTE, HTS, HWAY, HERO, LVS, LULU, MPEL, NRG, PM, SLB, SAH, STFC, VE, VRSN, WFT, YUM)

Administrator — Thu, 08 Dec 2011 13:21:30 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning.

Brightpoint Inc. (NASDAQ: CELL) Reiterate as Buy with a $14 price target objective at Canaccord Genuity.
Cisco Systems Inc. (NASDAQ: CSCO) Reiterated as Buy with $24 price target objective at Argus.
Deckers Outdoor Corporation (NASDAQ: DECK) Reiterated as Buy with a $122 price target objective at Canaccord Genuity.
Diamond Offshore Drilling Inc. (NYSE: DO) Started as Sell with a $70 target price objective at Goldman Sachs.
France Telecom (NYSE: FTE) Cut to Underperform and named as Bear of the Day by Zacks Investment Research.
Hatteras Financial Corporation (NYSE: HTS) Cut to Neutral at Stern Agee.
Healthways Inc. (NASDAQ: HWAY) Raised to Buy at Stifel Nicolaus.
Hercules Offshore, Inc. (NASDAQ: HERO) Started as Neutral at Goldman Sachs.
Las Vegas Sands Corp. (NYSE: LVS) Cut to Neutral at Janney Capital Markets.
Lululemon Athletica Inc. (NASDAQ: LULU) Reinitiated as Buy at Stern Agee.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) Raised to Outperform from Neutral at Credit Suisse.
NRG Energy, Inc. (NYSE: NRG) Cut to Neutral from Buy at UBS.
Philip Morris International, Inc. (NYSE: PM) Cut to Neutral from Buy at Nomura.
Schlumberger Limited (NYSE: SLB) Started as Neutral at Goldman Sachs.
Sonic Automotive, Inc. (NYSE: SAH) named as value stock of the day by Zacks Investment Research.
State Auto Financial (NASDAQ: STFC) Raised to Buy from Neutral at Janney Capital Markets.
Veolia Environnement S.A. (NYSE: VE) Cut to Hold from Buy at Deutsche Bank.
VeriSign, Inc. (NASDAQ: VRSN) Raised to Outperform and featured as the Bull of the Day by Zacks Investment Research.
Weatherford International Ltd. (NYSE: WFT) Started as Buy with a $22 price target objective at Goldman Sachs.
Yum! Brands, Inc. (NYSE: YUM) Reiterated Buy with $65 fair value target at Janney Capital Markets.

JON C. OGG

Filed under: Analyst Calls Tagged: CELL, CSCO, DECK, DO, FTE, HERO, HTS, HWAY, LULU, LVS, MPEL, NRG, PM, SAH, SLB, STFC, VE, VRSN, WFT, YUM

Top Analyst Upgrades & Downgrades (T, BK, CELL, FDO, FRX, HWAY, JASO, LVLT, LOW, NFLX, RGLD, VECO)

Administrator — Tue, 25 Oct 2011 12:26:08 +0000

These are some of this Monday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this morning.

AT&T Inc. (NYSE: T) Cut to Market Perform at Bernstein.
The Bank of New York-Mellon (NYSE: BK) maintained Underperform as Bear of the Day at Zacks.
Brightpoint, Inc. (NASDAQ: CELL) Raised to Outperform as Bull of the Day at Zacks.
Family Dollar Stores, Inc. (NYSE: FDO) named Growth & Income stock of the day at Zacks.
Forest Laboratories Inc. (NYSE: FRX) Cut to Hold at Argus.
Healthways Inc. (NASDAQ: HWAY) downgraded at William Blair, Barclays, and Piper Jaffray.
JA Solar Holdings Co., Ltd. (NASDAQ: JASO) Raised to Overweight at Piper Jaffray.
Level 3 Communications Inc. (NASDAQ: LVLT) Raised to Neutral at Citigroup.
Lowe’s Companies Inc. (NYSE: LOW) Raised to Buy at Janney.
Netflix, Inc. (NASDAQ: NFLX) downgraded by Reed Hastings and everyone left who was still positive.
Royal Gold, Inc. (NASDAQ: RGLD) Raised to Overweight at HSBC.
Veeco Instruments Inc. (NASDAQ: VECO) Cut to Neutral at Sterne Agee; Reiterated Sell ar Canaccord Genuity.

JON C. OGG

Filed under: Analyst Calls Tagged: BK, CELL, FDO, FRX, HWAY, JASO, LOW, LVLT, NFLX, RGLD, T, VECO

Top Analyst Upgrades & Downgrades (ACPW, AMAT, ACI, BCS, CELL, COG, DUK, HCA, MDT, OMG, PT)

Administrator — Thu, 01 Sep 2011 12:11:46 +0000

These are some of this Thursday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls.

Active Power Inc. (NASDAQ: ACPW) Started as Buy at Merriman.
Applied Materials, Inc. (NASDAQ: AMAT) Cut to Underperform as Bear of the Day at Zacks.
Arch Coal Inc. (NYSE: ACI) Raised to Outperform at BMO.
Barclays PLC (NYSE: BCS) Raised to Buy at UBS.
Brightpoint Inc. (NASDAQ: CELL) Raised to Buy at Citigroup.
Cabot Oil & Gas (NYSE: COG) named Bull of the Day at Zacks.
Duke Energy Corporation (NYSE: DUK) Raised to Sector Perform at RBC.
HCA Inc. (NYSE: HCA) Started as Buy at Auriga.
Medtronic, Inc. (NYSE: MDT) Raised to Hold at Argus.
OM Group, Inc. (NYSE: OMG) named Value stock of the day at Zacks.
Portugal Telecom SGPS SA (NYSE: PT) Started as Neutral at Credit Suisse.

JON C. OGG

Filed under: Analyst Calls Tagged: ACI, ACPW, AMAT, BCS, CELL, COG, DUK, HCA, MDT, OMG, PT

Top Analyst Upgrades & Downgrades (NLY, BHP, CELL, FTE, FIO, IVR, MDT, OKE, TLB, THOR, WOOF, WBMD)

Administrator — Tue, 19 Jul 2011 12:35:35 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday morning.

Annaly Capital Management, Inc. (NYSE: NLY) Started as Market Perform at Wells Fargo.
BHP Billiton Limited (NYSE: BHP) Reiterated Strong Buy as Value at Zacks.
Brightpoint Inc. (NASDAQ: CELL) Raised to Outperform as Bull of the Day at Zacks.
France Telecom (NYSE: FTE) Raised to Neutral at UBS.
Fusion-io Inc. (NYSE: FIO) Started as Neutral at Goldman Sachs; Started as Equal-Weight at Morgan Stanley; Started as Neutral at JPMorgan; Started as Outperform at Credit Suisse.
Invesco Mortgage Capital Inc. (NYSE: IVR) Started as Outperform at Wells Fargo.
Medtronic, Inc. (NYSE: MDT) Cut to Underperform as Bear of the Day at Zacks.
ONEOK Inc. (NYSE: OKE) Cut to Neutral at BofA/ML.
The Talbots Inc. (NYSE: TLB) Raised to Neutral at Janney Capital.
Thoratec Corporation (NASDAQ: THOR) Started as Outperform with $43 target at Credit Suisse.
VCA Antech Inc. (NASDAQ: WOOF) Raised to Buy at BofA/ML.
WebMD Health Corp. (NASDAQ: WBMD) Cut to Neutral at Citigroup; maintained Buy but cut target to $44 at Canaccord Genuity.

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

Filed under: Analyst Calls Tagged: BHP, CELL, FIO, FTE, IVR, MDT, NLY, OKE, THOR, TLB, WBMD, WOOF

Top Analyst Upgrades & Downgrades (ALU, ALXN, AWK, NILE, CELL, CMG, CSCO, EPOC, EXPE, GDOT, IFF, ONXX, SPR, S, TUP)

Administrator — Fri, 11 Feb 2011 13:32:03 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning.

Alcatel-Lucent (NYSE: ALU) Raised to Neutral at Nomura.
Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) Cut to Hold at Citigroup.
American Water Works Company, Inc. (NYSE: AWK) Started as Neutral with $29 target at Credit Suisse.
Blue Nile Inc. (NASDAQ: NILE) Cut to Hold at Citigroup.
Brightpoint Inc. (NASDAQ: CELL) Raised to Outperform as the Bull of the Day at Zacks Investment Research.
Chipotle Mexican Grill, Inc. (NYSE: CMG) Cut to Neutral at BofA/ML.
Cisco Systems, Inc. (NASDAQ: CSCO) Cut to Neutral at JPMorgan.
Epocrates, Inc. (NASDAQ: EPOC) Started as Market Perform at Morgan Keegan.
Expedia, Inc. (NASDAQ: EXPE) Cut to Neutral at BofA/ML; Cut to Hold at Deutsche Bank.
Green Dot Corporation (NYSE: GDOT) Cut to Sell at Janney.
International Flavors & Fragrances (NYSE: IFF) Raised to Overweight at Barclays.
Onyx Pharmaceuticals Inc. (NASDAQ: ONXX) maintained as Underperform as the Bear of the Day at Zacks Investment Research.
Spirit AeroSystems Holdings Inc (NYSE: SPR) Cut to Neutral with $26 target at Credit Suisse.
Sprint Nextel Corporation (NYSE: S) Cut to Neutral with $5 target at Goldman Sachs.
Tupperware Brands Corporation (NYSE: TUP) Raised to Buy with $64 target at Argus.

You can 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

Filed under: Analyst Calls Tagged: ALU, ALXN, AWK, CELL, CMG, CSCO, EPOC, EXPE, GDOT, IFF, NILE, ONXX, S, SPR, TUP

Top Analyst Upgrades and Downgrades (CELL, CHK, CEO, DLR, DOW, DRYS, GFI, HMY, ISSI, KMP, KGC, NTSP, NRG, RIMM, SNDA, TIF, YZC)

Administrator — Tue, 30 Nov 2010 13:26:01 +0000

These are some of this Tuesday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls.

Brightpoint Inc. (NASDAQ: CELL) Cut to Hold at Jefferies.
Chesapeake Energy Corporation (NYSE: CHK) Cut to Sell at Argus.
CNOOC Limited (NYSE: CEO) Raised to Overweight at HSBC.
Digital Realty Trust (NYSE: DLR) Started as Buy at Jefferies.
The Dow Chemical Company (NYSE: DOW) Started as Outperform at Macquarie.
DryShips Inc. (NASDAQ: DRYS) Started as Neutral at Goldman Sachs.
Gold Fields Limited (NYSE: GFI) Cut to Equal-weight at Morgan Stanley.
Harmony Gold (NYSE: HMY) Cut to Underweight at Morgan Stanley.
Integrated Silicon Solution (NASDAQ: ISSI) Raised to Buy at Auriga.
Kinder Morgan Energy Partners (NYSE: KMP) Cut to Market Perform at Morgan Keegan.
Kinross Gold Corporation (NYSE: KGC) Raised to Outperform at Credit Suisse.
NetSpend Holdings (NASDAQ: NTSP) Started as Outperform at William Blair.
NRG Energy, Inc. (NYSE: NRG) Started as Neutral at Goldman Sachs.
Research In Motion Ltd. (NASDAQ: RIMM) Raised to Buy at Jefferies.
Shanda Interactive (NASDAQ: SNDA) Cut to Hold at Auriga.
Tiffany & Co. (NYSE: TIF) Started as Overweight at Morgan Stanley.
Yanzhou Coal Mining Co. Ltd. (NYSE: YZC) Raised to Buy at Citigroup.

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

JON C. OGG

Filed under: Analyst Calls Tagged: CELL, CEO, CHK, DLR, DOW, DRYS, GFI, HMY, ISSI, KGC, KMP, NRG, NTSP, RIMM, SNDA, TIF, YZC

Top Analyst Upgrades and Downgrades (BUD, AAPL, CELL, ENER, HD, HCBK, MSFT, MOT, NVTL, PRI, RIMM, SWIR, WAG)

Administrator — Tue, 05 Oct 2010 12:05:19 +0000

These are some of this Tuesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research notes:

Anheuser-Busch InBev (NYSE: BUD) Raised to Buy at Stifel Nicolaus.
Apple Inc. (NASDAQ: AAPL) Started as Buy at Jefferies.
Brightpoint Inc. (NASDAQ: CELL) Started as Buy at Jefferies.
Energy Conversion Devices, Inc. (NASDAQ: ENER) Started as Sell at Hapoalim.
The Home Depot, Inc. (NYSE: HD) Cut to Neutral at Goldman Sachs.
Hudson City Bancorp (NASDAQ: HCBK) Cut to Neutral at Susquehanna.
Microsoft Corporation (NASDAQ: MSFT) Cut to Neutral at Janney.
Motorola Inc. (NYSE: MOT) Started as Hold at Jefferies.
Novatel Wireless Inc. (NASDAQ: NVTL) Started as Hold at Jefferies.
Primerica, Inc. (NYSE: PRI) Raised to Market Perform at Wells Fargo.
Research In Motion Ltd. (NASDAQ: RIMM) Started as Hold at Jefferies.
Sierra Wireless Inc. (NASDAQ: SWIR) Started as Buy at Jefferies.
Walgreen Co. (NYSE: WAG) Raised to Buy at Jefferies.

JON C. OGG

Filed under: Analyst Calls Tagged: AAPL, BUD, CELL, ENER, HCBK, HD, MOT, MSFT, NVTL, PRI, RIMM, SWIR, WAG

Top 10 Analyst Upgrades/Downgrades (AMGN, CELL, ELON, SATS, KR, QLGC, MBI, PETM, S, YUM)

247wallst — Tue, 11 Aug 2009 11:58:50 +0000

These are the top 10 pre-market analyst upgrades and downgrades in Wall Street research calls this Tuesday morning:

Amgen (AMGN) Started as Buy at RBC.
Brightpoint (CELL) Raised to Buy at Citigroup.
Echelon (ELON) Raised to Neutral at Piper Jaffray.
Echostar Holdings (SATS) Raised to Buy at Citigroup.
Kroger (KR) Started as Buy at Deutsche Bank.
QLogic (QLGC) Raised to Outperform at RBC.
MBIA Inc. (MBI) Cut to Underweight at JPMorgan.
PETsMART (PETM) Cut to Neutral at JPMorgan.
Sprint Nextel (S) Cut to Underweight at Piper Jaffray.
YUM! Brands (YUM) Cut to Neutral at UBS.

JON C. OGG
AUGUST 11, 2009

Posted in Analyst Calls Tagged: AMGN, CELL, ELON, KR, MBI, PETM, QLGC, S, SATS, YUM