24/7 Wall St. » GIL

24/7 Wall St. Closing Bell (GOOG, IAG, ERTS, STX, ONXX, CRZO, GIL, BKS, LULU, ISLE, KR, TLB, PEIX, LAVA, CLWR, STNG, HOVNP)

Paul Ausick — Thu, 01 Dec 2011 21:05:52 +0000

Equity markets opened slightly lower this morning, following yesterday’s big share price increases. For most of the day stocks traded slightly lower, although they have moved to a very slight gain in the final hour of trading. China’s purchasing managers index was weaker than expected, which is probably the reason for the slow start this morning, and then new US unemployment claims were higher than expected adding more pressure on prices. The dollar has traded weaker relative to the euro, but strengthened against the yen. Crude oil is trading down marginally at $100.18/barrel and gold is also down slightly at $1,743.870/ounce.

The unofficial closing bells put the DJIA down more than 25 points to 12,020.48 (-0.21%), the NASDAQ rose nearly 6 points (0.22%) to 2,626.20, and the S&P 500 fell -0.19% or more than 2 points to 1,244.58.

There were several analyst upgrades and downgrades today, including Google Inc. (NASDAQ: GOOG) raised to ‘buy’ at Citigroup. Other ratings action included IAMGOLD Corp. (NYSE: IAG) started as ‘outperform’ with a $25 price target at Credit Suisse; Electronic Arts Inc. (NASDAQ: ERTS) raised from ‘neutral’ to ‘buy’ at Citigroup; Seagate Technology PLC (NYSE: STX) raised to ‘buy’ at Argus; Onyx Pharmaceuticals Inc. (NASDAQ: ONXX) cut from ‘buy’ to ‘neutral’ at BofA/Merrill Lynch; and Carrizo Oil & Gas (NASDAQ: CRZO) reiterated ‘buy’ with a new price target of $49 at Canaccord Genuity.

Here are today’s big post-earnings news reactions with prices during the last half-hour of trading: Gildan Activewear Inc. (NYSE: GIL) is down -30.8% at $16.53, after setting a new 52-week low of $16.52; Barnes & Noble, Inc. (NYSE: BKS) is down -16.9% at $14.50; Lululemon Athletica Inc. (NASDAQ: LULU) is down -4.8% at $47.34; Isle of Capri Casinos, Inc. (NASDAQ: ISLE) is down -8.5% at $4.51; The Kroger Co. (NYSE: KR) is up 1% at $23.41; and The Talbot’s Inc. (NYSE: TLB) is down -17.1% at $1.65, after posting a new 52-week low of $1.63. We have more details on Lululemon’s earnings and on the November sales reports from a number of retailers, including Talbot’s.

Several other standouts from today are as follows…

Pacific Ethanol Inc. (NASDAQ: PEIX) is up 26.7% at $1.33. The ethanol maker has regained compliance with Nasdaq listing requirements and has increased ownership of its four ethanol production plants to 27%.

Magma Design Automation Inc. (NASDAQ: LAVA) is up more than 25% at $7.16. The design automation firm has agreed to be acquired by Synopsys Inc. (NASDAQ: SNPS) for $7.35/share.

Clearwire Corp. (NASDAQ: CLWR) is up more than 17% at $2.09. The wireless broadband provider received a $1.6 billion investment from its majority owner Sprint Nextel Corp. (NYSE: S) that will enable Clearwire to meet its $237 million debt payment. We have more details here.

Scorpio Tankers Inc. (NYSE: STNG) are down more than -20% at $5.31. The Monaco-based petroleum shipping company priced a secondary offering this morning at $5.50/share.

Hovnanian Enterprises Inc. (NASDAQ: HOVNP) is down more than -14% at $1.31. The homebuilder has been batted around for nearly a year now, and even improving news on construction spending can’t stop the slide.

Stay tuned for Friday. We have noted speeches due from Dallas Federal Reserve President Richard Fisher, Philadelphia Fed President Charles Plosser, and Boston Fed President Eric Rosengren. Here’s another noteworthy event scheduled for tomorrow (all times Eastern):

8:30 a.m. – Non-farm payroll report

Paul Ausick

Filed under: HI/LOW, Market Close Tagged: BKS, CLWR, CRZO, ERTS, GIL, GOOG, HOVNP, IAG, ISLE, KR, LAVA, LULU, ONXX, PEIX, STNG, STX, TLB

Top Analyst Upgrades & Downgrades (ADI, APA, DAN, DELL, EXM, BEN, GIL, GG, HPQ, INTC, ICE, KBH, QIHU, RIMM, SPG, UA, VOD)

Administrator — Wed, 18 May 2011 12:34:53 +0000

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

Analog Devices Inc. (NYSE: ADI) Reiterated Buy and Raised target to $53 at Gleacher & Co.
Apache Corporation (NYSE: APA) Reiterated Buy at BofA/ML.
Dana Holding Corporation (NYSE: DAN) Reiterated Strong Buy as Value at Zacks.
Dell Inc. (NASDAQ: DELL) Raised estimates but Maintained Underperform at Credit Suisse.
Excel Maritime Carriers (NYSE: EXM) Cut to Underperform as Bear of the Day at Zacks.
Franklin Resources Inc. (NYSE: BEN) Maintained Outperform as Bull of the Day at Zacks.
Gildan Activewear Inc. (NYSE: GIL) Started as Buy at BofA/ML.
Goldcorp (NYSE: GG) Raised to Overweight at HSBC.
Hewlett-Packard Co. (NYSE: HPQ) Cut to Neutral at JPMorgan; Cut to Hold at Brean Murray.
Intel Corporation (NASDAQ: INTC) Reiterated Outperform and Focus List at Credit Suisse; Maintained Buy with $28 target at Gleacher & Co.
IntercontinentalExchange Inc. (NYSE: ICE) Reiterated Buy and Raised estimate at Argus.
KB Home (NYSE: KBH) Raised to Neutral at UBS.
Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) Started as Buy with $33 target at UBS.
Research-in-Motion Ltd. (NASDAQ: RIMM) Raised to Market Perform at Bernstein.
Simon Property Group Inc. (NYSE: SPG) Reiterated Buy and raised target to $125 at Argus.
Under Armour, Inc. (NYSE: UA) Raised to Buy at Citigroup.
Vodafone Group plc (NYSE: VOD) Raised to Buy at S&P Equity Research.

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: ADI, APA, BEN, DAN, DELL, EXM, GG, GIL, HPQ, ICE, INTC, KBH, QIHU, RIMM, SPG, UA, VOD

Top Analyst Downgrades (AET, CAH, DAKT, GIL, GPI, KGC)

247wallst — Wed, 03 Jun 2009 11:39:40 +0000

These are the top early analyst downgrades and cautious research calls we have seen this Wednesday morning from Wall Street firms:

Aetna (AET) Cut to Market Perform at Credit Suisse.
Cardinal Health (CAH) Cut to Neutral at Baird.
Daktronics (DAKT) Cut to Hold at Needham.
Gildan Activewear (GIL) Started as Underweight at Thomas Weisel.
Group 1 (GPI) Cut to Market Perform at Wachovia.
Kinross Gold (KGC) Cut to Neutral at JPMorgan.

Jon C. Ogg

Posted in Analyst Calls Tagged: AET, CAH, DAKT, GIL, GPI, KGC

The 52-Week Low Club (GIL)(LUV)(PTIE)(CRUS)

247wallst — Thu, 11 Dec 2008 15:49:54 +0000

Gildan Activewear (GIL) Warns next quarter will be weak. Drops to $7.76 from 52-week high of $42.74.

Southwest Airlines (LUV) Airline traffic dropping, oil prices going up. Falls off to $7.13 from 52-week high $16.77

Pain Therapeutics (PTIE) FDA gives bad news on drug. Sells down to $5.50 from 52-week high of $10.99.

Cirrus Logic (CRUS) Profits concerns. Plunges to $2.34 from 52-week high of $7.63.

Douglas A. McIntyre

Posted in HI/LOW Tagged: CRUS, GIL, LUV, PTIE

The 52-Week Low Club (GIL)(ENR)(SUN)(TRID)(TUNE)(UNH)

247wallst — Tue, 29 Apr 2008 14:58:30 +0000

Gildan Activewear (GIL) Company cuts guidance. Drops to $23.75 from 52-week high of $46.47.

Energizer (ENR) Profit falls almost 9%. Sells off to $71.25 from 52-week high of $119.60.

Sunoco (SUN) Broker downgrade. Falls to $45.85 from 52-week high of $86.40.

Unitedhealth Group (UNH) Healthcare down as sector. Off to $32.94 from 52-week high of $59.46.

Trident Microsystems (TRID) Poor quarterly outlook. Sells down to $4.18 from 52-week high of $21.80.

Microtune Inc (TUNE) Revenue miss and broker downgrade. Drops to $3.20 from 52-week high of $6.88.

Douglas A. McIntyre