Posts for Ticker ‘IVZ’

Top Analyst Upgrades (APA, BIDU, BHP, STD, BK, CENT, IVZ, QCOM, SVNT, STT, TXN)

These are the top analyst upgrades and positive research calls from Wall Street we have seen early this Wednesday morning with more than two hours until the market opens:

Apache (APA) Raised to Strong Buy at S&P.
Baidu (BIDU) Target Raised to $350 at Goldman Sachs.
BHP Billiton (BHP) Raised to Outperform at Macquarie.
Banco Santander (STD) Raised to Buy at BofA/Merrill.
Bank of New York Mellon (BK) Started as Buy at SunTrust Robinson Humphrey.
Central Garden (CENT) Raised to Buy at SunTrust Robinson Humphrey.
Invesco (IVZ) Raised to Strong Buy at S&P.
QUALCOMM (QCOM) Raised to Buy at Goldman Sachs.
Savient Pharmaceuticals (SVNT) Raised to Perform at Oppenheimer.
State Street (STT) Started as Buy at SunTrust Robinson Humphrey.
Texas Instruments (TXN) Raised to Buy at BofA/Merrill.

JON C. OGG

Posted on: June 17, 2009 – 6:39 am in Analyst Calls, , , , , , , , , , ,

Downgrading Hedgies, Private Equity & Financials (BX, FIG, GLG, IVZ, JNS, OZM, STD, TROW)

Burning_money_picThere is an interesting trend where Barclays has essentially cut its rankings on hedge fund and private equity operators. Here are the calls, plus a call elsewhere on a bank:

  • Blackstone (NYSE: BX) Cut to Underweight at Barclays.
  • Fortress Investment (NYSE: FIG) Cut to Equal Weight at Barclays.
  • GLG Partners (NYSE: GLG) Cut to Equal Weight at    Barclays.
  • INVESCO (NYSE: IVZ) Started as Equal Weight at Barclays.
  • Janus Capital (NYSE: JNS) Started as Underweight at Barclays.
  • Och-Ziff Capital (NYSE: OZM) Cut to Equal Weight at Barclays.
  • Banco Santander, S.A. (NYSE: STD) Cut to Sell from Neutral at UBS.
  • T. Rowe Price (NASDAQ: TROW) Started as Equal Weight at Barclays.

Jon C. Ogg
January 14, 2009

Posted on: January 14, 2009 – 7:50 am in Analyst Calls, Banking, Financial Stocks, Private Equity, , , , , , , ,

Second Wind ETF Launch (IVZ, PWND, FAN)

If one ETF for covering the global trend towards wind power wasn’t enough, we have the announcement of a second wind energy ETF.  Invesco’s (NYSE: IVZ) PowerShares Capital Management ETF unit has announced the anticipated listing of a global wind energy portfolio. The new ETF is PowerShares Global Wind Energy Portfolio will trade under the "PWND" stock ticker on NASDAQ.  This ETF is based on the NASDAQ OMX Clean Edge Global Wind Energy Index that tracks manufacturers, developers, distributors, installers and users of energy derived from wind sources.

Just on June 18 we ran a piece describing the The First Trust ISE Global Wind Energy ETF (NYSE Arca: FAN), so it appears there will be two new fresh wind ETF’s trading in short order.  On the surface, it looks like there are also going to be many overlaps within these similar ETF’s.

Jon C. Ogg
June 26, 2008

Posted on: June 26, 2008 – 8:19 am in Alternative Energy, ETF, , ,

Top 10 Pre-Market Analyst Calls (ADCT, ALXN, ANAD, CCJ, ENR, GENZ, IPI, IVZ, SPLS, JAVA)

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

  • ADC Telecom (NASDAQ: ADCT) raised to Buy from Hold at Jefferies.
  • Alexion Pharma (NASDAQ: ALXN) started as Buy at Jefferies.
  • Anadigics (NASDAQ: ANAD) cut to Perform from Outperform at Oppenheimer.
  • Cameco (NYSE: CCJ) cut to Neutral from Buy at UBS.
  • Energizer (NYSE: ENR) started as Outperform at Bernstein.
  • Genzyme (NASDAQ: GENZ) raised to Outperform at Bernstein.
  • Intrepid Potash (NYSE: IPI) started as Sell at Soleil.
  • InVesco (NYSE: IVZ) started as Buy at Jefferies.
  • Staples (NASDAQ: SPLS) raised to Buy from Hold at Jefferies.
  • Sun Microsystems (NASDAQ: JAVA) Raised to Outperform from Market Perform at Wachovia.

Jon C. Ogg
May 14, 2008

Posted on: May 14, 2008 – 6:28 am in Analyst Calls, , , , , , , , , ,

Invesco Launches Active Managed ETF’s (IVZ, PQY, PQZ, PMA, PLK)

Invesco (NYSE: IVZ) PowerShares has launched its first actively-managed ETF on the NYSE Arca Friday. These 4 PowerShares ETFs include 3 first-in-kind equity exchange-funds and one actively-managed fixed income ETF.

The PowerShares Active Alpha Q Fund (NYSE Arca: PQY) and the PowerShares- Active Alpha Multi-Cap Fund (NYSE Arca: PQZ) will be managed by Invesco while the PowerShares- Active Mega-Cap Portfolio (NYSE Arca: PMA) and PowerShares- Active Low Duration Portfolio (NYSE Arca: PLK) will be advised by AER Advisors.

Actively-managed ETF’s are a very recent development, and act more like hedge funds than anything.  Bear Stearns launched the first fixed income EFT (NYSE: YYY) that is actively-managed in March of this year. Previously, ETF’s were almost always tied to an index.

The Alpha Q fund and the Alpha Multi-Cap Funds are the only two to trade so far, with Alpha Q down by less than 1% and Alpha Multi-cap up by less than 1% in early morning trading.

Rachel Lopez
April 14, 2008

Posted on: April 14, 2008 – 11:04 am in ETF, , , , ,

Top 10 Pre-Market Analyst Calls (ANN, ASH, SCHW, AMTD, COH, DHT, NAT, PHTN, WYNN, BK, LEH, GS, IVZ, STT)

These are not the only research calls this morning affecting stock, particularly as the world is focused on the fleecing that has occurred at Bear Stearns this morning.   But these are other brokerage firm calls for Monday morning:
Ann Taylor (NYSE: ANN) raised to Buy at Citigroup.
Ashland (NYSE: ASH) raised to Buy at Jefferies.
Charles Schwab (NASDAQ: SCHW) downgraded to Underperform at FBR.
Coach (NYSE: COH) downgraded to Hold at Citigroup.
Double Hull Tankers (NYSE: DHT) downgraded to Underweight at JP Morgan.
Nordic American Tanker (NYSE: NAT) raised to Neutral at JP Morgan.
Photon Dynamics (NASDAQ: PHTN) raised to Overweight at Lehman Brothers.
TD Ameritrade (NASDAQ: AMTD) downgraded to Neutral at UBS; downgraded to Market Perform at FBR.
Wynn Resorts (NASDAQ: WYNN) raised to Outperform at Bear Stearns.
UBS downgrades brokers and fiduciaries to Neutral: cuts Bank of New York (NYSE: BK), Lehman (NYSE: LEH), Goldman Sachs (NYSE: GS), InVesco (NYSE: IVZ), State Street (NYSE: STT).

Jon C. Ogg
March 17, 2008

Posted on: March 17, 2008 – 6:13 am in Analyst Calls, , , , , , , , , , , , , ,

Goldman Sachs Lowers Financial Estimates (AB, ABLk, BLK, CLMS, CME, BEN, GBL, IVZ, JNS, NITE, LAB, LM, MKTX, NYX, TROW, PZN, NDAQ, TRAD)

Goldman Sachs has lowered estimates on many financial services players this morning:

  • AllianceBernstein (AB) (buy);
  • AMBAC Financial (ABK) (neutral);
  • Blackrock (BLK) (buy);
  • Calamos Asset Mgmt. (CLMS) (neutral);
  • CME Group (CME) (buy);
  • Franklin Resources (BEN) (neutral);
  • Gamco Investors (GBL) (sell);
  • INVESCO plc (IVZ) (neutral);
  • Janus Capital (JNS) (neutral);
  • Knight Trading (NITE) (buy);
  • Labranche (LAB) (sell);
  • Legg Mason (LM) (neutral);
  • Marketaccess Holdings (MKTX) (neutral);
  • NYSE Euronext (NYX) (neutral);
  • T. Rowe Price (TROW) (neutral);
  • Pzena Investment Mgmt. (PZN) (neutral);
  • The NASDAQ Stock Market (NDAQ) (neutral);
  • TradeStation (TRAD) (neutral)

Jon C. Ogg
January 10, 2008

Posted on: January 10, 2008 – 9:22 am in Analyst Calls, Financial Stocks, , , , , , , , , , , , , , , , , ,

Pre-Market Stock News (June 14, 2007)

(APPAD) AP Pharmaceuticals announces the pricing of its underwritten public offering of 21.2 million shares of its common stock at a public offering price of $1.65 per share.
(BBND) Bigband Networks announced order for its routers by Korean cable operator.
(BIDU) Baidu.com noted as positive speculative play in China by Cramer on Mad Money.
(BIOF) BioFuel priced its IPO at$10.50 per share.
(BOT) CBOT may get a sweetened bid from CME according to WSJ.
(CEO) CNOOC noted as one of the solid and stable companies in China by Cramer on Mad Money.
(CHL) China Mobile noted as one of the solid and stable companies in China by Cramer on Mad Money.
(FMCN) Focus Media noted as positive speculative play in China by Cramer on Mad Money.
(GIVN) Given Imaging receives FDA marketing clearance for PillCam ESO 2.
(HOKU) Hoku Scientific traded up over 60% after a $678 million order from Suntech power.
(IRBT) iRobot received Lockheed Martin order to be the provider of the Centralized Controller Device for the U.S. Army’s Future Combat Systems program.
(IVZ) INVESCO announced a $500 million share buyback plan.
(K) Kellogg is trying to create healthier recipes for sugary cereals.
(SNY) Sanofi-Aventis traded down 3% after an FDA review panel voted 14-0 against its diet drug over lack of safety concerns.
(SRZ) Sunrise Assisted Living received activist shareholder complaints for management change by Millennium Partners.
(SSW) Seaspan noted as one of the solid and stable companies in China by Cramer on Mad Money.
(SYT) Sygenta announced that its CEO will retire at the end of 2007.
(TASR) Taser announced an extended range electronic projectile.
(TGEN) Targeted Genetics reported Phase I/II swelling reduction in inflammatory arthritis clinical data.
(WMT) Wal-Mart reportedly has theft rising at stores.
(ZILA) Zila’s CEO has resigned effective immediately to pursue other interests.

Jon C. Ogg
June 14, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 14, 2007 – 6:56 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , ,