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The Weeks Stock Market Winners: Eli Lilly, Goodyear, General Mills, and More

247wallst — Sat, 16 Jul 2011 12:02:36 +0000

The number of stocks that made substantial gains for the week was limited. The great exception to that rule was Petrohawk Energy Corporation Co (NYSE: HK) which jumped 62.5% on Friday after a buyout bid from BHP Billiton Ltd (NYSE: BHP). Another stock that jumped on the last day of the week was Clorox Corp (NYSE: CLX) which received a takeover offer from Carl Icahn.

Two food companies showed modest gains: General Mills Inc. (NYSE: GIS) and YUM! Brands Inc. (NYSE: YUM). And, two retailer moved higher, but with little conviction: Kohl’s Corp (NYSE: KSS) and Safeway Inc (NYSE: SWI)

S&P 500 WEEK TOP 10 (08 JUL – 14 JUL)	Ticker	Weekly Price Change (%)	Close Price 14Jul11	Close Price 8Jul11	Market Cap ($Mil)
Newmont Mining Corp	NEM	3.6	56.75	54.76	27993.0
Eli Lilly and Co	LLY	1.9	38.41	37.71	44466.0
Goodyear Tire & Rubber Co	GT	1.6	17.50	17.23	4272.5
General Mills Inc.	GIS	1.5	37.36	36.81	23850.8
Kohl’s Corp	KSS	1.4	55.97	55.18	15732.6
Safeway Inc	SWY	1.4	23.79	23.46	8424.0
YUM! Brands Inc.	YUM	1.4	56.37	55.61	26244.0
CONSOL Energy Inc.	CNX	1.3	50.89	50.25	11533.6
Scripps Networks Interactive Inc	SNI	0.7	47.70	47.39	6380.1
First Horizon National Corp	FHN	0.6	9.48	9.42	2496.4
Source: Capital IQ

Filed under: Research Tagged: BHP, CLX, CNX, FHN, GIS, GT, HW, KSS, LLY, NEM, SNI, SWI, YUM

Week’s Biggest Market Losers: Motorola, Boeing, And More

247wallst — Sat, 25 Jun 2011 13:46:53 +0000

Continued success of the Apple (NASDAQ: AAPL) iPhone and the chance that a new version of the smartphone would launch in September pressures Motorola Mobility’s shares.

A battle between Walgreen’s and joint venture partner Express Scripts pulled down the drug retailer chain

Boeing (NYSE: BA) share fell as it was pounded by rival Airbus based on orders made by airlines at the Paris Airshow.

BIGGEST STOCK PRICE LOSERS

FOR WEEK, MONTH (JUNE) AND YEAR-TO-DATE AS OF JUNE 24

S&P 500 WEEK: BOTTOM 10 (17 JUN – 23 JUN)	Ticker	Weekly Price Change (%)	Close Price 23Jun11	Close Price 17Jun11	Market Cap ($Mil)
Motorola Mobility Holdings Inc	MMI	-5.3	23.46	24.78	6919.7
Walgreen Co	WAG	-4.7	42.59	44.67	38989.4
SunTrust Banks Inc.	STI	-4.4	25.03	26.18	13438.3
Boeing Co	BA	-3.9	71.25	74.16	52602.1
Fifth Third Bancorp	FITB	-3.7	12.09	12.55	11107.4
Cablevision Systems Corp	CVC	-3.6	34.73	36.04	8111.9
First Horizon National Corp	FHN	-3.6	9.85	10.22	2593.9
Goldman Sachs Group Inc	GS	-3.5	132.36	137.23	68527.4
Dean Foods Co	DF	-3.5	12.22	12.66	2238.6
Sears Holdings Corp	SHLD	-3.4	71.50	74.02	7701.0
Source: Capital IQ

Filed under: Research Tagged: AAPL, BA, CVC, DF, FHN, FITB, GS, MMI, SHLD, STI, WAG

The Week’s Biggest Market Losers (YHOO, BSX, C)

247wallst — Sat, 14 May 2011 13:29:08 +0000

Boston Scientific (NYSE: BSX) lost ground after it disclosed that its short-term CEO, Ray Elliott, would leave. Elliott joined the firm two years ago to engineer a turnaround which never happened.

Yahoo! (NASDAQ: YHOO) fell after China internet company Alibaba sold a controlling interest in its Alipay online payment operations to the parent company’s founder. Yahoo! owns 43% of Alibaba and the market’s perception is that its position was devalued by the Ailipay transaction.

Citigroup (NYSE: C) finally reverse split its stock 10-for-1. The market was not fooled by the new “higher” stock price and punished shares because the transaction reminded Wall St. that the split did nothing to help the bank’s weak position among large global financial firms.

Goldman Sachs was downgraded by renegade bank analyst Richard Bove of Rochdale downgraded the stock

Two home builders, Pulte and Lennar, sold off as news about the American housing market worsened.

S&P 500 WEEK: BOTTOM 10 (6 MAY – 12 MAY)	Ticker	Weekly Price Change (%)	Close Price 12May11	Close Price 6May11	Market Cap ($Mil)
Boston Scientific Corp	BSX	-10.5	6.91	7.72	10558.6
Yahoo Inc	YHOO	-7.9	17.17	18.65	22482.6
Block (H&R) Inc.	HRB	-7.4	15.96	17.24	4871.8
Citigroup Inc	C	-6.2	42.42	45.20	123255.7
First Horizon National Corp	FHN	-5.1	10.43	10.99	2746.6
Archer-Daniels-Midland Co	ADM	-4.9	32.30	33.97	20584.9
Goldman Sachs Group Inc	GS	-4.9	142.75	150.10	73948.4
Tesoro Corp	TSO	-4.5	23.80	24.91	3410.0
Lennar Corp	LEN	-4.3	17.74	18.53	2760.9
PulteGroup Inc	PHM	-3.8	7.66	7.96	2932.3
Source: Capital IQ

Filed under: General Tagged: ADM, BSX, C, FHN, GS, HRB, LEN, PHM, TSO, YHOO

Paulson Takes Huge Stake In Citigoup, Dumps Goldman

247wallst — Fri, 13 Nov 2009 22:50:12 +0000

John 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 in Activist Investor, Banking, Financial Stocks Tagged: BAC, C, COF, FHN, FITB, GS, JPM, MI, PBCT, RF, STI, STT

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

247wallst — Wed, 12 Aug 2009 21:11:22 +0000

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:

Bank of America (NYSE: BAC) was listed as some $2.217474 billion stake via 167,990,464 shares.
Capital One Financial Corp. (NYSE: COF) was listed as $371.960 million via a stake of 17,000,000 shares of common stock.
Fifth Third Bancorp (NASDAQ: FITB) was listed as $35.5 million via a 5,000,000 share stake.
First Horizon National Corp. (NYSE: FHN) was listed as $36 million via stake of 3,000,000 shares of common stock.
Goldman Sachs Group Inc. (NYSE: GS) was listed as $294.88 million via a stake of some 2,000,000 shares of common stock.
JPMorgan Chase & Co. (NYSE: JPM) was listed as $238.77 million via a stake of 7,000,000 shares of common stock.
Marshall & Ilsley Corp. (NYSE: MI) was listed as $57.6 million via a stake of 12,000,000 shares of common stock.
People’s United Financial Inc. (NASDAQ: PBCT) was listed as $41.443 million via stake of 2,750,000 shares of common stock.
Ultrashort Financial ProShars (NYSE: SKF) was listed as $83.58 million via some 2,000,000 shares.
Regions Financial Corp. (NYSE: RF) was listed as $141.4 million via a stake of 35,000,000 shares of common stock.
State Street Corp. (NYSE: STT) was listed as $33.04 million via a stake of 700,000 shares of common stock.
Suntrust Bank Inc. (NYSE: STI) was listed as $24.675 million via a stake of 1,500,000 shares of common stock.

The FULL SEC FILING is here, and there are many non-financial stocks in there.

JON C. OGG
AUGUST 12, 2009

Posted in Activist Investor, Banking, Financial Stocks, Insider Activity Tagged: BAC, COF, FHN, FITB, GS, JPM, MI, PBCT, RF, SKF, STI, STT

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

247wallst — Thu, 09 Apr 2009 11:19:33 +0000

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 in Analyst Calls Tagged: BBBY, BBT, FHN, LCAPA, OIIM, RF, STI, UHS

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

247wallst — Thu, 11 Dec 2008 13:47:46 +0000

UBS 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.

UBS analyst Matthew O’Connor is looking for the loss cycle incommercial loans to get worse. UBS cut 2009 earnings estimatessharply. The cuts were for more than half for those banks stillexpected to run at profitable levels. UBS nowexpects 7 of the 16 large banks covered in its report to post full-year losses. Thenew earnings forecasts for 2009 are now on average about 60% below theconsensus estimates.

The list of banks UBS now expects to lose money for in 2009 areComerica Inc. (NYSE: CMA), First Horizon National Corp. (NYSE: FHN),Fifth Third Bancorp (NASDAQ: FITB), Keycorp (NYSE: KEY), Marshall &Ilsley Corp. (NYSE: MI), Regions Financial Corp. (NYSE: RF) and ZionsBancorp (NASDAQ: ZION).

Bank of America Corp. (NYSE: BAC), Wells Fargo (NYSE: WFC) and JPMorganChase (NYSE: JPM) were among the banks still expected to turn a profitnext year, albeit at much lower levels.

UBS also noted that most banks will likely cut their dividends before the cycle turns. Bank of America Corp. (NYSE: BAC), Marshall & Ilsley (NYSE: MI),SunTrust Banks Inc. (NYSE: STI) and Zions Bancorp. (NASDAQ: ZION) are the most at risk for dividend cuts.

UBS is now looking for a severe credit cycle in commercial andcommercial real estate. Commercial loan losses are now targeted at 2%from 1.5%, and peak credit card losses are now targeted at 9% ratherthan 8%. Loan loss reserve builds are now expected to reach 2% to 2.5%of assets by the middle of 2009 rather than a prior target of 1.7%.

UBS now expects bank revenues to decline from lower net interestmargins. That would come from continued competition in attracting newdeposits at the same time as trading and capital market revenues arelower. The weak economy is also expected to further crimp the servicefees.

It looks like all of the major banking stocks are trading lower today.

Jon C. Ogg
December 11, 2008

Posted in Analyst Calls, Banking, Financial Stocks Tagged: BAC, CMA, FHN, FITB, JPM, KEY, MI, RF, WFC, ZION

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

247wallst — Fri, 24 Oct 2008 07:03:24 +0000

These 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 in Analyst Calls Tagged: ATI, BIDU, DISCA, FHN, JNS, NOV, PTEC, RSH, SIGM, VRGY

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

247wallst — Mon, 14 Jul 2008 14:55:06 +0000

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

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

247wallst — Mon, 14 Apr 2008 15:00:51 +0000

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