Posts for Ticker ‘HCBK’

Top Pre-Market Analyst Upgrades (ARMH, BIIB, CAT, CVH, HCBK, LEN, MOH, TTEK)

Money_stack_picThese are some of the top analyst upgrades and positive research calls we have seen from Wall Street analysts with more than two hours until the market opens this Tuesday morning:

  • ARM Holdings (ARMH) Raised to Buy at UBS.
  • Biogen-Idec (BIIB) Raised to Buy at Goldman Sachs.
  • Caterpillar (CAT) Raised to Neutral from Sell at UBS.
  • Coventry Health Care (CVH) Raised to Outperform at Wachovia.
  • Hudson City Bancorp (HCBK) Started at Overweight at Barclays.
  • Lennar (LEN) Raised to Buy at Citigroup.
  • Molina Healthcare (MOH) Raised to Neutral at Goldman Sachs.
  • Tetra Tech Inc. (TTEK) Started as Buy at Piper Jaffray.

Jon C. Ogg
January 27, 2009

Posted on: January 27, 2009 – 7:21 am in Analyst Calls, , , , , , , ,

Regional Banks Refusing TARP Funds (BXS, CFR, FCF, HCBK, PRSP, WFD)

Money_stack_pic_2Bailouts, handouts, subsidies, and free money be damned.  In times when most large financial institutions are lining up for their share of TARP funds, there are many regional banks out there which have decided to refuse the government’s bailout TARP funds.  These banks say the are solid, and many of their share prices have held up much better than many of the troubled banks which are taking TARP monies.  Some of these regional banks are BancorpSouth, Inc. (NYSE: BXS), Cullen/Frost Bankers, Inc. (NYSE: CFR), First Commonwealth Financial Corporation (NYSE: FCF), Hudson City Bancorp, Inc. (Nasdaq: HCBK), Prosperity Bancshares, Inc. (Nasdaq: PRSP), and Westfield Financial, Inc. (NASDAQ: WFD).  These are the more actively traded stocks and what gets interesting is the explanation for refusing to accept TARP funds and the ratios of some of these banking institutions.

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Posted on: November 28, 2008 – 8:47 am in Banking, Financial Stocks, Regulation, , , , , ,

Nasdaq Short Interest: More Bets Against Sirius (SIRI) And Banks

The short interest in Sirius (SIRI) inflated by 30.9 million shares to 188.9 million. The figures compare April 30 to April 15 numbers. Investor are clearly willing to gamble against the company’s merger with XM Satellite (XMSR).

Several banking stocks also say spikes in short interest. Shares sold short in Huntington (HBAN) moved higher by 9.6 million to 47.2 million. Shares short in E*Trade (ETFC) rose 9.2 million to 104.5 million. The short interest in Zions Bancorp (ZION) moved higher by 7.3 million to 23.2 million. Share short in Schwab (SCHW) moved up 6.9 million to 32.1 million. And, the short interest in Hudson City Bancorp (HCBK) was up 3.6 million to 27.2 million.

Other notable increases in short interest included share short in Oracle (ORCL) which rose 8.7 million to 51.4 million and Broadcom (BRCM) which had a move up of 8.2 million to 38.6 million.

Most technical and telecommunications stocks lost traders willing to bet against them. The short interest in Intel (INTC) fell 10.9 million shares to 44.9 million. Shares short in Microsft (MSFT) were off 10.6 million to 98.4 million. The short interest in Comcast (CMCSA) dropped 8.9 million to 60.7 million. Shares short in Cisco (CSCO) fell 5.9 million to 60 million. Short interest in Qualcomm (QCOM) dropped 5.7 million to 20.2 million.

Data from Nasdaq

Douglas A. McIntyre

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Posted on: May 12, 2008 – 8:20 am in Short Interest, , , , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AYR, ARST, GLS, HCBK, JRN, MAKO, PFCB, TLM, WAT, WW)

These are the top analyst upgrades and downgrades that 247WallSt.com is focusing on in pre-market trading this Wednesday morning:

  • Aircastle (NYSE: AYR) Downgraded to Neutral from Overweight at JPMorgan.
  • ArcSight (NASDAQ: ARST) started as Outperform at Wachovia; started as Equal Weight at Lehman Brothers.
  • Genesis Lease (NYSE: GLS) Downgraded to Neutral from overweight at JP Morgan.
  • Hudson City Banc (NASDAQ: HCBK) Downgraded to Market Perform from Outperform at FBR.
  • Journal Commun (NYSE: JRN) started as Outperform at Bear Stearns.
  • MAKO Surgical (NASDAQ: MAKO) Started as Market Perform at Wachovia; Started as Overweight at JPMorgan.
  • P.F. Chang’s (NASDAQ: PFCB) Downgraded to Underperform From Market Perform at FBR.
  • Talisman Energy (NYSE:TLM) raised to Buy from Hold at Citigroup.
  • Waters (NYSE: WAT) Raised To Overweight From Neutral at JPMorgan.
  • Watson Wyatt (NYSE: WW) raised to Buy from Hold at UBS.

Jon C. Ogg
March 26, 20008

Posted on: March 26, 2008 – 6:05 am in Analyst Calls, , , , , , , , , ,

Pre-Market Analyst Calls (June 15, 2007)

ABCO started as Outperform at CIBC.
AXTI started as Buy at First Albany.
BKD started as Buy at Jefferies.
BOOM started as Buy at First Albany.
CQB started as Buy at Morgan Joseph.
EXBD started as Sector Perform at CIBC.
FCN started as Outperform at CIBC.
FRE raised to Outperform at FBR.
HCBK started as Underperform at Bear Stearns.
HNSN started as Buy at Oppenheimer.
HOMB started as Sector Perform RBC.
INTC raised to Buy at Goldman Sachs; stock up almost 2%.
IIVI started as Buy at First Albany.
KNDL raised to Buy at Jefferies.
LGCY started as Buy at Oppenheimer.
NFS raised to Buy at Citigroup.
NFLX raised to Buy at Soleil.
PNX cut to Hold at Citigroup.
PTRY raised to Buy at Jefferies.
SFG raised to Buy at Citigroup.
VLY started as Peer Perform at Bear Stearns.
WSO cut to Hold at BB&T.

Jon C. Ogg
June 15, 2007

Posted on: June 15, 2007 – 6:26 am in Analyst Calls, , , , , , , , , , , , , , , , , , , , ,