Posts for Ticker ‘FHN’

Paulson Takes Huge Stake In Citigoup, Dumps Goldman

Money ImageJohn Paulson is rather notorious, and wealthy, for how much he picked up by shorting financial stocks on the way down.  But the financial world found out in August that Paulson & Co. had bought up many key financial and banking stocks.  Paulson & Co. Inc. is out with a 13-F filing after the close showing he is still in many key financial stocks.

The famed hedge fund manager took a massive stake in Citigroup and sold his entire interest in Goldman Sachs

  • Bank of America (NYSE: BAC) was listed as 159,794,229 shares, down from 167,990,464 shares.
  • Capital One Financial Corp. (NYSE: COF) was static as a stake of 17,000,000 shares of common stock.
  • Citigroup Inc. (NYSE: C) is listed as 300,000,000 (three-hundred million) of common stock.
  • Fifth Third Bancorp (NASDAQ: FITB) was static as a 5,000,000 share stake.
  • First Horizon National Corp. (NYSE: FHN) was 7.11 million, up from a stake of 3,000,000 shares in August.
  • JPMorgan Chase & Co. (NYSE: JPM) was down to 2,000,000 shares, down from an August stake of 7,000,000 shares of common stock.
  • Marshall & Ilsley Corp. (NYSE: MI) was static at 12,000,000 shares of common stock.
  • People’s United Financial Inc. (NASDAQ: PBCT) was static at 2,750,000 shares of common stock.
  • Regions Financial Corp. (NYSE: RF) was static at 35,000,000 shares of common stock.
  • SunTrust Bank Inc. (NYSE: STI) was static at 1,500,000 shares of common stock.

We had also noted back in October how Conseco, Inc. (NYSE: CNO) had scored a Paulson investment.

Goldman Sachs Group Inc. (NYSE: GS) was NOT in the new filing compared to the August filing where he listed 2,000,000 shares of common stock in the August filing.  State Street Corp. (NYSE: STT) was NOT in the filing versus a stake of 700,000 shares of common stock in August.

JON C. OGG

Posted on: November 13, 2009 – 5:50 pm in Activist Investor, Banking, Financial Stocks, , , , , , , , , , , ,

Paulson, Esteemed Bank Short Seller, Now Long Financials (BAC, COF, GS, JPM, FITB, FHN, MI, PBCT, SKF, RF, STT, STI)

John Paulson has been well known as a hedge fund manager because of the profits he made from short selling many of the key financial stocks.  Yet his new filing shows a large long position as of the quarter-end June 30, 2009. For example, it lists a huge stake in Bank of America Corp. (NYSE: BAC).  There were many smaller company stakes, but some of the medium-sized stakes (for Paulson that is) are in Capital One Financial Corp. (NYSE: COF), Goldman Sachs Group Inc. (NYSE: GS), and JPMorgan Chase & Co. (NYSE: JPM).  Below are the rest of his financial holdings: Read More »

Posted on: August 12, 2009 – 5:11 pm in Activist Investor, Banking, Financial Stocks, Insider Activity, , , , , , , , , , , ,

Early Bird Analyst Calls (BBBY, BBT, FHN, LCAPA, OIIM, RF, STI, UHS)

These are some of the early bird analyst upgrades and downgrades we have seen on Wall Street this Thursday morning ahead of the long weekend:

Bed Bath & Beyond (NASDAQ: BBBY) Cut to Neutral at SunTrust Robinson Humphrey.
BB&T (NYSE: BBT) Cut to Underperform at KBW.
First Horizon National (NYSE: FHN) Cut to Underperform at KBW.
Liberty Media Capital (NASDAQ: LCAPA) Raised to Buy at Deutsche Bank.
O2 Micro (NASDAQ: OIIM) Cut to Underweight at Morgan Stanley.
Regions Financial (NYSE: RF) Cut to Market Perform at KBW.
SunTrust (NYSE: STI) Raised to Outperform at KBW.
Universal Health (NYSE: UHS) Raised to Outperform at Credit Suisse.

Jon C. Ogg

Posted on: April 9, 2009 – 6:19 am in Analyst Calls, , , , , , , ,

UBS Echoes Meredith Whitney: More 2009 Bank Losses (CMA, FHN, FITB, KEY, MI, RF, ZION, BAC, WFC, JPM)

Burning_money_pic_2UBS has a research report out for the banking sector, and the report may take away some thunder from those who are hoping that banks will return to profits sooner rather than later.  This estimates that large banks are likely to report losses in the fourth quarter and next year.  It also notes that many banks need to cut their sacred dividends even further.  Most of these banking stocks are trading lower today.

Read More »

Posted on: December 11, 2008 – 1:47 pm in Analyst Calls, Banking, Financial Stocks, , , , , , , , , ,

Top Pre-Market Analyst Downgrades (ATI, BIDU, DISCA, FHN, JNS, NOV, PTEC, RSH, SIGM, VRGY)

Down_arrow_red_2These are some of the top pre-market analyst downgrades we are seeing this Friday-crash morning:

  • Allegheny Tech (ATI) Cut to Hold at Deutsche Bank.
  • Baidu.com (BIDU) Target Cut to $260 from $350 at Goldman Sachs.
  • Discovery Communications (DISCA) Cut to Underweight at JPMorgan.
  • First Horizon National (FHN) Cut to Neutral at Goldman Sachs.
  • Janus Capital (JNS) Cut to Underperform at FBR.
  • National Oilwell Varco (NOV) Cut to Neutral at JPMorgan.
  • Phoenix Tech (PTEC) Cut to Buy from Strong Buy at Needham.
  • Radio Shack (RSH) Cut to Neutral at Goldman Sachs.
  • Sigma Designs (SIGM) Cut to Hold at Deutsche Bank.
  • Verigy (VRGY) Cut to Underperform at Oppenheimer.

Jon C. Ogg
October 24, 2008

Posted on: October 24, 2008 – 7:03 am in Analyst Calls, , , , , , , , , ,

The 52-Week Low Club 7/14/2008 (CAL)(UAUA)(MNI)(GHS)(WM)(FHN)(WB)(LEH)(MER)

Washington Mutual (WM) Concerns mortgage firm will make it after government takes over IndyMac. Falls to $3.03 from 52-week high of $42.93.

First Horizon (FHN) Same fears as with WM. Drops to $4.52 from 52-week high of $39.03.

Wachovia (WB) Market looking for more big write-offs. Sells down to $9.91 from 52-week high of $53.10.

Lehman (LEH) Is it the next Bear Stearns? Dips to $12.91 from 52-week high of $74.09

Merrill Lynch (MER) Joins the panic. Down to $25.47 from 52-week high of $89.23.

Sun (JAVA) Concerns that revenue is falling. Down to $8.69 from 52-week high of $25.04.

Gatehouse (GHS) Will newspaper chain makes it debt service for the year? Drops to $1.11 from 52-week high of $19.

McClatchy (MNI) Same as Gatehouse. Down to $4.82 from 52-week high of $28.73.

UAL (UAUA) As airlines cut more costs and oil rises, situation gets worse. Off to $3.36 from 52-week high of $51.60.

Continental (CAL) Another airline. Down to $6.63 from 52-week high of $38.79.

Douglas A. McIntyre

Posted on: July 14, 2008 – 2:55 pm in HI/LOW, , , , , , , , ,

The 52-Week Low Club (CRS)(CC)(FHN)(HBAN)(FITB)

Carpenter Technology (CRS) Company only manages to hit low end of guidance. Drops to $48.10 from 52-week high of $79.66.

Blockbuster (BBI) Bid for Circuit City (CC) sends investors running for the exits. Down to $2.52 from 52-week high of $6.69.

First Horizon Natl Corp (FHN) Poor earnings out of Wachovia (WB) tearing other shares down. Sells off to $11.60 from 52-week high of $41.46.

Huntington Bancshares (HBAN) Another victim of bank sell-off. Falls to $$8.96 from 52-week high of $22.96.

Fifth Third Bancorp (FITB) Bank. Down to $18.96 from 52-week high of $43.32.

Douglas A. McIntyre

Posted on: April 14, 2008 – 3:00 pm in HI/LOW, , , , ,

The 52-Week Low Club (FHN)(DMAN)(MESA)(RVBD)

First Horizon Natl (FHN) Analyst cuts regional bank stocks. Down to $13.67. from 52-week high of $41.46.

Demandtec (DMAN) Issues poor outlook for the year. Sells off to $6.65 from 52-week high of $20.55.

Mesa Air Group (MESA) Airlines sell off on high fuel costs. Drops to $1.35 from 52-week high of $8.02.

Riverbed Technology (RVBD) Poor Q1 outlook. Down to $12.71 from 52-week high of $52.81.

Douglas A. McIntyre

Posted on: April 4, 2008 – 2:58 pm in HI/LOW, , , ,

52-Week Low Club: Transport, Semiconductors & Financials (January 2, 2008)

Truckers led the drop after a fake $100 oil print and after a YRC Worldwide (NASDAQ: YRCW) acquisition write-down, pulling down Arkansas Best (NASDAQ: ABFS) and others.  With no surprise, airlines followed suit with Airtrain (AAI), AMR Corp. (NYSE: AMR), Continental Airlines (NYSE:CAL), Delta (NYSE: DAL), FedEx (FDX), Jetblue (NASDAQ:JBLU), Mesa Air (NASDAQ: MESA), Northwest Air (NYSE: NWA), Southwest Airlines (NYSE:LUV), US Air (NYSE: LCC).

Chip and tech stocks on 52-week lows: AMAT, AMD, ADTN, ARRS, ATML, BBND, CHRT, FCS, FEIC, IDTI, IM, KLAC, KLIC, LRCX, LSCC, LSI, MCRL, MRVL, MU, NSM, STM, TER, XLNX

Financial Giants on 52-Week lows: BAC, BBT, BSC, CYN, DFG, EFX, FIC, FITB, FHN, MCO, NCC, PNSN, SNV, SBP, WFC, ZION.

We kept the REIT’s and the usual suspects in retail off the list that have been here day in and day out (although many hit new 52-week lows).  Here is the huge list of others 52-week lows:

  • Automatic Data (ADP), Cardinal Health (CAH), Career Education (CECO), Diebold (NYSE: DBD), EchoStar (DISH), Superior Offshore (DEEP), Dow Chemical (DOW), Eastman Kodak (EK), Emmis (EMMS), Ford (F), Fortune Brands (FO), General Motors (GM), Hasbro (HAS), Helen of Troy (HELE), Interpublic (IPG), Mattel (MAT), McClatchy (MNI), Media General (MEG), Nortel Networks (NT), Owens Corning (OC), Paychex (OPAYX), PHH Corp. (PHH), Playboy (PLA), Radio Shack (RSH), Rite Aid (RAD), Sherwin Williams (SHW), Sprint Nextel (S), Starbucks (SBUX), Starwood Hotels (HOT), Sun Microsystems (JAVA), Symantec (SYMC), Travelzoo (TZOO), VF Corp (VFC), Warner Music Group (WMG), Waste Management (WMI), Weight Watchers (WTW), Wendy’s (WEN)

Imagine how large this list would have been if retailers and REIT’s were included.
Jon C. Ogg
January 2, 2008

Posted on: January 2, 2008 – 4:23 pm in HI/LOW, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,