Markets in Asia were lower.
The Nikkei fell 1.6% to 10,474. Toyota (TM) fell.
The Hang Seng was down 1% to 20,243. China Unicom (CHU) moved on word of a relationship with Apple (AAPL).
The Shanghai Composite was down .7% to 2,946.
At the open in Europe, the FTSE was down .1% to 4,885. The Dax was off .3% to 5,505. The CAC 40 was flat at 3,668. Diageo (DEO) fell sharply
Douglas A. McIntyre
These are some of the top pre-market analyst calls from Wall Street we have seen early this Friday morning:
Athenahealth (ATHN) Cut to Sell at UBS.
Aruba Networks (ARUN) Raised to Buy at Jefferies; Raised to Overweight at JPMorgan.
Chico’s FAS (FAS) Raised to Buy at SunTrust Robinson Humphrey.
CommVault Systems (CVLT) Cut to Hold at KeyBanc.
Diageo plc (DEO) Raised to Neutral at JPMorgan.
Noble Corp. (NE) Raised to Buy at Deutsche Bank.
Rowan Cos. (RDC) Raised to Buy at Deutsche Bank.
Zumiez (ZUMZ) Cut to Neutral at Baird.
JON C. OGG
MAY 22, 2009
These are some of the top pre-market analyst upgrades we have seen with about two and a half hours until the market opens this Friday morning:
Costco Wholesale Corp. (COST) Started as Buy at Janney Montgomery.
Diageo (DEO) Raised to Neutral at UBS.
Emeritus Corp. (ESC) Raised to Outperform at Morgan Keegan.
Home Depot (HD) Started as Buy at Janney Montgomery.
Lowe’s (LOW) Started as Buy at Janney Montgomery.
Target (TGT) Started as Buy at Janney Montgomery.
VeriSign (VRSN) Raised to Outperform at Oppenheimer.
Wal-Mart (WMT) Started as Buy at Janney Montgomery.
JON C. OGG
Jim Cramer wants people to sell all of their stocks. Even though the market may keep falling, that might not be a practical solution for everyone. There are several things investors can do to at least partially save themselves from a falling market and get in position if stocks move up again.
1. Sell your dogs. No matter how much an investor loves a stock, firms in the second or third tier of their industries are going to get hurt more. They will get hit by both a falling market and a recession. Some good examples are AMD (AMD), which runs a distant second to Intel (INTC). Yahoo! (YHOO), which is well behind Google (GOOG) in search is another company which will find the going especially tough. Palm (PALM) runs behind Apple (AAPL) and RIM (RIMM) in the smart phone industry. In an awful market, being in second place means being in last place.
Credit Suisse downgraded key power stocks: NRG Energy (NRG), Edison(EIX), and Entergy (ETR) all downgraded to Neutral on valuation afterlarge runs.
The top 10 individual analysts calls 24/7 Wall St. is looking at today:
Jon C. Ogg
November 9, 2007
| Today’s top tickerspy Indexes | |
| Coffee Stocks | +16.3% |
| Hotel Stocks | +9.0% |
| 2009 IPOs | +8.2% |
| Education Stocks | +4.7% |
| Coal Stocks | +4.4% |
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