Posts for Ticker ‘LXK’

Top 10 Analyst Upgrades, Downgrades, Initiations (ACE, ADSK, ADP, BCS, EAT, EP, LXK, NRG, PAYX, TRV)

These are this Wednesday’s top ten analyst upgrades, downgrades, and initiations which we have seen early on from Wall Street research calls:

ACE Limited (ACE) Started as Outperform at RBC Capital Markets.
Autodesk (ADSK) Raised to Buy at Kaufman Bros.
Automatic Data (ADP) Started as Outperform at RBC Capital Markets.
Barclays plc (BCS) Started as Outperform at FBR.
Brinker International Inc. (EAT) Cut to Neutral at Goldman Sachs.
El Paso Corp. (EP) Cut to Hold at Citigroup.
Lexmark (LXK) Raised to Neutral at JPMOrgan.
NRG Energy (NRG) Cut to Hold at Jefferies.
Paychex (PAYX) Started as Market Perform at RBC Capital Markets.
Travelers (TRV) Started as Outperform at RBC Capital Markets.

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JON C. OGG
OCTOBER 21, 2009

Posted on: October 21, 2009 – 7:56 am in Analyst Calls, , , , , , , , , ,

Top Day Trader Alerts (ALKS, LLY, SNY, MRK, SPPI, LXK, BSX, JDAS, IDIX, PKG, CVBF, WERN)

These are some of this morning’s top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com:

Alkermes Inc. (Nasdaq: ALKS) shares are ones to watch for volume upside following positive study results that may also affect shares of Eli Lilly & Co. (NYSE: LLY) and Sanofi Aventis (NYSE: SNY).

Merck & Co. (NYSE: MRK) shares are up over 3% after it beat EPS by 6 cents a share and reaffirmed fiscal 2009 guidance.

Spectrum Pharmaceuticals Inc. (Nasdaq: SPPI) shares are rising in premarket trade after getting FDA fast-track status for a bladder cancer candidate.

Lexmark International Group Inc. (NYSE: LXK) shares are ones to watch for volume downside after it missed expectations by 5 cents a share and guided Q3 EPS lower.

JDA Software Group Inc. (Nasdaq: JDAS) are ones to watch for volume upside after it posted  a 17-cent a share EPS beat.

Idenix Pharmaceuticals Inc. (Nasdaq: IDIX) shares are ones to watch for volume downside after it missed EPS expectations by 3 cents a share.

Packaging Corp. of America (NYSE: PKG) shares are ones to watch for volume upside following a 12-cent EPS beat.

Boston Scientific (NYSE: BSX) is up strongly in early premarket trade on stronger-than-expected earnings.

CVB Financial Corp. (Nasdaq: CVBF) shares are ones to watch for downside after it announced a stock offering.

Werner Enterprises Inc. (Nasdaq: WERN) are ones to watch for volume downside on concerns about a revenue miss.

-The 24/7 Wall St. Team

Posted on: July 21, 2009 – 7:40 am in Pre-Market Activity, Trading Alert, , , , , , , , , , , ,

Top Analyst Upgrades (CBS, LH, LXK, MS, ODP, PII, DGX, TLAB, WINN)

These are the few top pre-market analyst upgrades and positive research notes from Wall Street firms early this Friday morning with about two hours until the market opens:

CBS (CBS) Raised to Buy at UBS.
Laboratory Corp. (LH) Started as Outperform at RBC.
Lexmark (LXK) Raised to EqualWeight at Barclays.
Morgan Stanley (MS) Raised to Outperform at KBW.
Office Depot (ODP) raised to Overweight at JPMorgan.
Polaris (PII) Raised to Outperform at Baird.
Quest Diagnostics (DGX) Started as Outperform at RBC.
Tellabs (TLAB) Started as Buy at Auriga.
Winn-Dixie (WINN) Raised to Outperform at FBR.

JON C. OGG

Posted on: May 29, 2009 – 6:35 am in Analyst Calls, , , , , , , , ,

Top Analyst Upgrades & Downgrades (ADPT, CBST, FLIR, MA, TEX, LXK, MCXH, V, XRX, ZRAN)

These are the top pre-market analyst upgrades and downgrades we have seen from Wall Street this Friday morning:

  • Adaptec (ADPT) Raised to Outperform at Morgan Keegan.
  • Cubist Pharamceuticals (CBST) Started as Accumulate at ThinkEquity.
  • FLIR Systems (FLIR) Raised to Overweight at JPMorgan.
  • MasterCard (MA) Started as Outperform at Baird.
  • Terex (TEX) Raised to Outperform at Wachovia.
  • Lexmark (LXK) Cut to Underweight at Barclays.
  • Marchex (MCHX) downgraded at Thomas Weisel and at JMP Securities.
  • Visa (V) Started as Neutral at Baird.
  • Xeros (XRX) Cut to Equal Weight at Barclays.
  • Zoran (ZRAN) Cut to Underweight at JPMorgan.

JON C. OGG
February 20, 2009

Posted on: February 20, 2009 – 8:18 am in Analyst Calls, , , , , , , , , ,

H-P Joins The Club… Of 52-Week Lows (HPQ, DELL, IBM, LXK)

Hp_logoDown_arrow_red_3Hewlett-Packard Co. (NYSE: HPQ)  has just joined the list of stocks which hit new 52-week lows, but it gets worse.  These were actually the lowest levels seen since late in 2006.  This was intra-day, and it was under the lows from October 10 during the peak of stock sales in the market meltdown.

Read More »

Posted on: October 22, 2008 – 10:20 am in HI/LOW, PC Companies, Technology Companies, , , ,

Top Pre-Market Analyst Upgrades (ABC, BRCM, COH, DNA, IILG, LXK, NUAN, STLD, TLAB)

These are some of the top pre-market upgrades from Wall Street analysts this Wednesday morning:

  • AmerisourceBergen (ABC) Started as Buy at Jefferies.
  • Broadcom (BRCM) Raised to Outperform at Baird.
  • Coach (COH) Raised to Buy at Lazard.
  • Genentech (DNA) Raised to Buy at Jefferies.
  • Interval Leisure Group (IILG) Started as Outperform at FBR.
  • Lexmark (LXK) Raised to Buy at Citigroup.
  • Nuance (NUAN) Raised to Buy at Goldman Sachs.
  • Steel Dynamics (STLD) Raised to Buy at Goldman Sachs.
  • Tellabs (TLAB) Raised to Hold at Jefferies.

Jon C. Ogg
October 22, 2008

Posted on: October 22, 2008 – 7:02 am in Analyst Calls, , , , , , , , ,

JPMorgan Makes Key Tech Upgrades & Downgrades (AAPL, IBM, HPQ, EMC, DELL, LXK, NTAP)

JPMorgan has come out with some changes in its technology and imaging sector today.  The firm wants to be defensive right now with steady revenue streams and steady margins.  It is cautious on PC sales, printing, and servers.

Apple Inc. (NASDAQ: AAPL) and IBM (NYSE: IBM) were both raised to Overweight from Neutral.

The firm is positive on storage on a relative basis to other spots in tech right now.  Hewlett-Packard (NYSE: HPQ) and EMC Corp. (NYSE: EMC) were also maintained overweight ratings.

PC-maker Dell Inc. (NASDAQ: DELL) was kicked while it’s down as shares were downgraded to Neutral from Overweight as it continues to struggle and lag.  Lexmark (NYSE: LXK) saw its shares downgraded to Underweight from Neutral.  NetApp (NASDAQ: NTAP) was downgraded to Neutral from Overweight.

Jon C. Ogg
October 15, 2008

Posted on: October 15, 2008 – 6:26 am in Analyst Calls, Technology Companies, , , , , , ,

Top Pre-Market Analyst Downgrades (AEP, DOV, GS, HWCC, ITT, LXK, TYC, UTHR, WYNN)

These are some of the key analyst downgrades or negative calls we are seeing this Tuesday morning:

  • American Electric Power (AEP) Cut to Neutral at JPMorgan.
  • Dover (DOV) Cut to Neutral at JPMorgan.
  • Goldman Sachs (GS) Cut to Hold at Deutsche Bank.
  • Houston Wire & Cable (HWCC) Cut to Neutral at Piper Jaffray.
  • ITT Corp. (ITT) Cut to Underweight at JPMorgan.
  • Lexmark (LXK) Started as Underperform at Credit Suisse.
  • Tyco International (TYC) Cut to Neutral at JPMorgan.
  • United Therapeutics Corp. (UTHR) Started as Sell at Piper Jaffray.
  • Wynn Resorts (WYNN) Cut to Neutral at JPMorgan.

Jon C. Ogg
August 12, 2008

Posted on: August 12, 2008 – 6:29 am in Analyst Calls, , , , , , , , ,

Goldman Sachs Lists Tech Picks & Pans (HPQ, IBM, STX, IM, EMC, AAPL, DELL, LXK, IVAC, MSFT)

Goldman Sachs has issued a broader snapshot of what to expect from Q4 earnings now that we have seen some of the companies report.  This is also ahead of the earning deluge next week.  The bulge bracket firm believes that results will be mostly in-line with expectation from year end seasonality and a weak US Dollar.  But Goldman Sachs is maintaining its defensive stance for enterprise-facing hardware stocks in early 2008 as CIO’s underspend on budgets in early 2008.

This actually outlines some of its favorite tech names that have double-digit earnings growth and P/E ratios under the S&P 500.  Here are some of the picks below:

  • Hewlett-Packard (NYSE:HPQ) remains its number one pick.
  • IBM (NYSE:IBM), Seagate Tech (NYSE: STX), and Ingram Micro (NYSE: IM) are also listed.
  • Apple (NASDAQ: AAPL) is noted as one that investors should continue to own for its upcoming catalysts.
  • EMC Corp. (NYSE: EMC) is noted as another standout stock.
  • Dell Inc. (NASDAQ: DELL) is also noted positively here as one to own because of its long-term turnaround potential.

While it is positive on these names above, Goldman Sachs is negative on two companies that it doesn’t believe benefited from any spending.  The two negative stocks noted are:

  • Lexmark (NYSE: LXK) was noted as likely to post weak numbers, and it is less than $1.00 above the 52-week lows;
  • Intevac Inc. (NASDAQ: IVAC), which is trading only about 1% above its 52-week low.

This also follows its raise yesterday where Microsoft (NASDAQ:MSFT) was raised to the Americas Conviction Buy List.

Jon C. Ogg
January 18, 2008

Posted on: January 18, 2008 – 7:59 am in Analyst Calls, Technology Companies, , , , , , , , , ,

H-P To Set Next 60-Day Tone For PC’s & Tech (HPQ, DELL, LXK, INTC, AMD, MSFT)

As far as investors are concerned, today’s Hewlett-Packard (NYSE:HPQ) announcement is perhaps the single largest investment event for investors who have been trying to figure out if they can really hide their investment bucks in PC-related companies or not for the rest of the year.

First Call has estimates at $0.82 EPS on $27.39 Billion in revenues, and this will mark H-P’s fiscal 2007 year-end.  Estimates for next quarter are $0.77 EPS and $26.99 Billion in revenues, while expectations for fiscal 2008 are $3.26 EPS on $109.46 Billion in revenues.

Options may be a hard judge with the 2% drop today, but options traders appear to be braced for a move of up to $2.20 to $2.45 in either direction.  The average analyst buy target is still north of $55.00.  With shares under $50.00, this one is under the 50-day moving average of $50.80 and still well above the 200-day moving average of $45.77.  H-P’s chart has been at a crossroads since it dropped out of that 18-month uptrend band over the last month, so the reaction to today’s earnings has a real shot at setting the trend for more than just a few days.

The U.S. is seeing a weak consumer.  But if you use the Internet regularly (that’s you if you are reading this), you will know that if you haven’t upgraded your PC to the new dual core processors and the 2MB DRAM and graphic chipsets that Web 2.0 eats up your PC like no tomorrow.  So it is possible that the new-dual core PC’s (or at least the fastest single cores) will be a necessity rather than an option.  The company has also turned itself into an enterprise IT consultant and software provider via recent acquisitions, so there’s going to be a little bit for everyone today.

H-P is the largest PC-maker now, so it will likely have ripples either way.  In PC’s, Dell (NASDAQ:DELL) has turned itself back into a competitor again after losing the pole position.  Goldman Sachs recently made a key change on its Conviction Buy List: removed H-P and added Dell.Lexmark (NYSE:LXK) competes in printer sales.  If any weakness came into the sector over the last few weeks you cannot have a weakening PC market with a strengthening processor market, so watch Intel (NASDAQ:INTC) and AMD (NYSE:AMD).  Microsoft (NASDAQ:MSFT) traded to new multi-year highs after earnings in October, and it is still by far the only benchmark for O/S sales (Vista AND XP) in PC’s.  The food chain can go on and on from DRAM makers, contract manufactures, circuit boards, graphic chipsets, flat screen makers, and hard drives…. so in tech-land, H-P may be one of the single largest events for tech traders over the next two weeks going into the holiday season.

Jon C. Ogg
November 19, 2007

Jon Ogg can be reached at jonogg@247wallst.com and he produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers. 

Posted on: November 19, 2007 – 12:22 pm in Earnings, PC Companies, Software, Technology Companies, , , , , ,

The Web Ruins The Printer Business

Hewlett=Packard (HPQ) has set out on a big campaign to get Web 2.0 users to make greater use of its printers. HP’s printer business is not only large, it’s profitable. In the last quarter, according to the HPQ 10-Q, printing and imaging brought in almost $7.2 billion. The business had an operating margin of over 16%.

HPQ wants to protect that business. It has announced that it will try to get enterprises to use its printers to make hard copies of content found on the web. It is also setting up a partnership with Yahoo! (YHOO) to create a printing toolbar that will provide printing support and services. Another partnership, with Microsoft (MSFT), will encourage users of the Microsoft Live Spaces community to print their photos of the web.

According to MarketWatch: "For its business and commercial customers, H-P will launch Scitex X2 printhead technology for faster and cheaper wide-format printing, and a new Web-based imaging and printing platform called Open Extensibility, which allows printing technology developers to create industry-specific applications online with support from H-P"

It won’t matter. The bleeding for printing operations like the HPQ unit, Kodak (EK), and Lexmark (LXK) has already started. Shares in LXK are down by half over the last 52-months.

The trouble is that many businesses don’t need printers at all. Images and text can be moved around, changed, and saved using software like Word, and photo are shared on huge photo sites like Photobucket, which was recently bought by by MySpace.

Sharing and transferring text and images is in. So is storing these same things on hard drives and remote servers.

Printing is out. And, it isn’t coming back.

Douglas A. McIntyre

Posted on: August 28, 2007 – 7:04 am in Hardware, , ,

Pre-Market Stock News (July 10, 2007)

(AA) Alcoa $0.81 EPS vs $0.81e; will likely have to sweeten Alcan bid before getting any approval from Alcan.
(BOT) CBOT holders approve the CME merger offer.
(CACS) Carrier Access lowered guidance.
(CAKE) Cheesecake Factory put revenues at $373.2 million vs $371 million consensus estimate.
(CVTX) CV Therapeutics identified possible anti-diabetic characteristics in Ranexa.
(DELL) Dell has new smaller business initiative being released today.
(ENCY) Encysive announced its CFO is resigning.
(FORM) Form Factor in strategic pact with Elpida for test cost reductions.
(GMST) Gemstar TV-Guide hired UBS to explore strategic alternatives.
(HD) Home Depot issued earnings warning, but stock called flat to marginally higher.
(LXK) Lexmark issued earnings warning.
(SHLD) Sears lowered guidance to %0.98-1.24 EPS (vs. $2.12 est.) because of home appliances and other sales being weaker; increased share buyback plan.
(THRX)  Theravance announced positive results from phase II clinical study that met primary endpoints fot staph and other skin based infections.
(UNCA) Unica lowered guidance.
(WDFC) WD-40 $0.44 EPS vs $0.47e; lowered annual EPS guidance.

Jon C. Ogg
July 10, 2007

Posted on: July 10, 2007 – 7:08 am in Pre-Market Activity, , , , , , , , , , , , , , , ,

The 52-Week Low Club

Lexmark (LXK) Printer company lowers guidance. Hits $43.50, down from $74.68.

Quaker Fabric (QFAB) Getting near a liquidation. Down to $.09 against 52-week high of $1.66.

Childrens Place (PLCE) Same store sales off 4%. Drops to $46.13 from 52-week high of $71.81.

Corrections Corp (CXW) Some insider selling. Prison business is not what it used to be. Drops to $32.17 from 52-week high of $66.50. Stock split today.

Douglas A. McIntyre

Posted on: July 9, 2007 – 4:02 pm in Uncategorized, , , ,

Lexmark (LXK): Canary In The Coal Mine?

After Lexmark (LXK) told Wall St. that it would miss second and third quarter numbers, the stock dropped about 10% to $45 after hitting a 52-week low of $43.50 earlier in the day.

It seems that the printer business is not so hot.

But, are the printer and PC businesses that disconnected? Dell (DELL) and HP (HPQ) both trade near 52-week highs. Dell is around $25 up from $20.52 as a low over the last year. HP is at almost $46, up from $30. HP has a very large printer operation.

The market would have to believe, as clearly it does now, that Lexmark’s problems are restricted to the company and have not spread to other firms in the industry.

But, that may not be true.

Douglas A. McIntyre

Posted on: July 9, 2007 – 8:56 am in Uncategorized, , ,

Early Research Calls 7/9/2007

Bear Stearns Upgrades PCAR to outperform.

Think Equity downgrades YHOO to accumulate.

LXK cuts guidance for Q2.

TEVA upgraded to outperform at Bear Strearns.

ESV downgraded to underperform at Credit Suisse.

GOOG target upped to $700 at Think Equity.

TYC downgraded to sell at Citi.

Douglas A. McIntyre

Posted on: July 9, 2007 – 6:40 am in Uncategorized, , , , , , ,