Posts for Ticker ‘ELY’

Top 10 Analyst Upgrades & Downgrades (BT, ELY, CBS, CTXS, DUK, INFY, LINTA, NZ, RIMM, VMW)

These are the top ten brokerage firm analyst upgrades and downgrades we have seen from Wall Street early this Monday morning:

BT Group (BT) Raised to Overweight at JPMorgan.
Callaway Gold (ELY) Raised to outperform at JMP Securities.
CBS Corp. (CBS) Cut to Hold at Argus.
Citrix Systems (CTXS) Cut to Underperform at Jefferies.
Duke Energy (DUK) Cut to Perform at Oppenheimer.
Infosys (INFY) Raised to Buy at Deutsche Bank.
Liberty Media (LINTA) Raised to Overweight at JPMorgan.
Netezza (NZ) Raised to Overweight at JPMorgan.
Research In Motion (RIMM) Cut to Neutral at UBS.
VMware (VMW) Cut to Underperform at Jefferies.

JON C. OGG
AUGUST 10, 2009

Posted on: August 10, 2009 – 8:08 am in Analyst Calls, , , , , , , , , ,

Tiger/Mediate: Nike/Callaway (NKE, ELY)

What sort of would it be if you could only bet on sporting events by the results only?  Who knows how much the bets were on the actual match going into sudden death today, but you can bet it was significant.  It turns out there were traders pushing around brands of public companies as well, mainly that of Callaway Golf Co. (NYSE: ELY) and that of Nike Inc. (NYSE: NKE).

The reason is rather simple.  Nike is now almost synonymous with Tiger Woods, and Callaway Golf is a large endorser of Rocco Mediate.  To add more of a small twist Callaway shares have been under pressure because of recent earnings news.

Callaway shares rose 3% to $12.66 in regular trading as the pure-play golf apparel and equipment company, and its 52-week trading range was $12.00 to $19.49.  Callaway’s shares are down over 1% at $12.50 in after-hours trading.

Nike Inc. (NYSE: NKE) closed down almost 0.9% at $68.38, and shares were down 0.2% at $68.19 in after-hours trading.  As it is exponentially larger and far more diversified this was hardly the play.  Its 52-week trading range is $51.50 to $70.60.

This was almost a huge day for Callaway, but based upon the news and coverage the company won either way.  Whether or not that translates to a stock event… that’s a different issue entirely. 

Jon C. Ogg
June 16, 2008

Posted on: June 16, 2008 – 4:15 pm in Apparel, Entertainment, ,

52-Week Low Club (ELY, GHS, GE, GM, GFI, MRK, Q, SHLD, JAVA, TSCM, VIA.B, CBS, AMR, AAI, DAL, UAUA)

Today’s 52-week low list was full of some of the usual suspects, and you can count airlines as the top group of 52-week lows after that breather in oil prices did not hold.  There were also many other stocks that hit 52-week lows today, and we didn’t even bother including any of the usual suspects in financials.  Here is a sample of the 200+ we saw today:

  • Callaway Golf (NYSE: ELY) is seeing the same old same old, fewer golf club and accessories being bought as consumers are strapped and have to actually work rather than play golf.
  • Gatehouse Media (NYSE: GHS) keeps sliding… is Chapter 11 near?
  • General Electric Co. (NYSE: GE) is getting farther and farther away from that $33.75 fair value we assigned for the end of 2008.
  • General Motors (NYSE: GM) is still appearing here, poorer consumers can’t qualify for new cars.
  • Gold Fields Ltd. (NYSE: GFI) is a surprise with high gold prices.
  • Merck Co. Inc. (NYSE: MRK)
  • Qwest Communications (NYSE: Q), wasn’t too long ago they juiced a huge dividend.
  • Sears Holdings (NASDAQ: SHLD) hit a 52-week low but that didn’t hold.
  • Sun Microsystems (NASDAQ: JAVA) is learning that the reverse stock split game isn’t a winning formula.
  • TheStreet.com (NASDAQ: TSCM) as financial subscribers may be less willing to shell out hundreds of dollars if their bullish investments have a hard time being that bullish.
  • Viacom (NYSE: VIA.B) and CBS Corp. (NYSE: CBS) as Sumner Redstone can’t save a crummy environment.

This list was far longer looking than you would guess by this short review.  Here are some of the airlines that hit new 52-week lows:

  • Airtran Holdings Inc. (NYSE: AAI), AMR Corp. (NYSE: AMR), Delta Air Lines (NYSE: DAL), and UAL Corp. (NASDAQ: UAUA).

Jon C. Ogg
June 12, 2008

Posted on: June 12, 2008 – 2:35 pm in HI/LOW, , , , , , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ARM, BTUI, ELY, KO, INTC, JASO, K, LEH, OCR, OXPS)

These are some of the top analyst calls we are looking at this Tuesday morning:

  • ArvinMeritor (NYSE: ARM) Raised to Buy From Neutral at Goldman Sachs.
  • BTU International (NASDAQ: BTUI) Started as Overweight at Thomas Weisel.
  • Callaway Golf (NYSE: ELY) Started as Outperform at Raymond James.
  • Coca-Cola Company (NYSE: KO) Raised to Buy from Hold at Deutsche Bank.
  • Intel (NASDAQ: INTC) Started as Buy at ThinkPanmure.
  • JA Solar (NASDAQ: JASO) Started as Buy at Broadpoint.
  • Kellogg (NYSE: K) Raised to Overweight from Neutral at JPMorgan.
  • Lehman (NYSE: LEH) Cut to Market Perform from Outperform as Wachovia.
  • Omnicare (NYSE: OCR) Raised to Outperform from Perform at Oppenheimer.
  • optionsXpress (NASDAQ: OXPS) Raised to Neutral from Sell at Merriman Curhan Ford.

Jon C. Ogg
June 10, 2008

Posted on: June 10, 2008 – 6:40 am in Analyst Calls, , , , , , , , , ,