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These are the top upgrades and positive calls we have seen from analysts on Wall Street this Friday morning:
JON C. OGG
Valassis Communications (VCI) Q3 loss and outlook cut. Plunges to $1.78 from 52-week high of $16.80.
Syniverse (SVR) Baird downgrades shares. Falls to $9.79 from 52-week high of $22.93.
McDermott International (MDR) Lower profit. Downgrades from Jefferies and Credit Suisse. Daily double. Off to $10.26 from 52-week high of $67.14.
Ann Taylor Stores (ANN) Grim outlook on sales. Sells down to $8.74 from 52-week high of $33.28.
These are some of the many analyst downgrades we have seen on Wall Street this Thursday morning:
Jon C. Ogg
November 6, 2008
These are some of the top pre-market analyst upgrades we are seeing this Wednesday morning:
Jon C. Ogg
October 8, 2008
Corning (GLW) Revises forecasts down. Falls to $17.04 from 52-week high of $28.07.
Forest Laboratories (FRX) Major drug plans go off track. Down to $29.81 from 52-week high of $43.38.
McDermott International (MDR) Oil-related stocks still doing badly. Sells down to $28.10 from 52-week high of $67.14.
Barrick Gold (ABX) Gold stocks keep moving South. Dips to $30.94 from 52-week high of $54.74.
Coeur d’Alene Mines (CDE) Bad day for commodities stocks. Drifts down to $1.62 from 52-week high of $5.18
Newfield Exploration (NFX) Crude down $6. Bad day for oil exploration stocks. Falls to $39.98 from 52-week high of $69.77.
McDermott International (MDR) Oil and gas equipment supplier. Drops to $31.14 from 52-week high of $67.14.
The drop in commodities isn’t good for everyone apparently. Many metals stocks are on the list today, as are others. Here is a partial list of some semi-active stocks hitting 52-week lows today:
These are not the only calls impacting stocks, but these are the top ten individual calls that 247WallSt.com is focusing on:
Jon C. Ogg
March 6, 2008
2007 was one volatile year and for now it appears that will be the norm for at least the start of 2008. Everyone’s favorite market pundit or least liked pundit is obviously Jim Cramer. If you love Cramer or can’t stand him it really doesn’t matter. He signed a new multi-year deal with CNBC recently. Here are some of his major calls this year that will still be referred to in 2008:
Here were Cramer’s TOP 9 STOCKS FOR 2007, with a call broken down for each one. Borat would say HI FIVE on some and NOT SO NICE on others, as would be expected. Cramer’s 14,582 year-end DJIA target…..Friday’s close was 13,365.87……although we did hit 14,279.96 on OCT11, 2007. Cramer also gave a batch of price targets on most of theDJIA components:
Cramer’s Stock Picks FOR 5-YEARS OUT:
SOME LISTS: His list of recession proof stocks compared to ours. We are updating our
Defensive Stocks For The First Half Of 2008" currently. Cramer gave a huge list of companies he expects to benefit from the alternative energy traders (SGR, FWLT, BWA, OMG, FSLR, FTEK, WFR, TTEK, ZOLT, BP, SPWR, CY, CPST, ITRI)… Jim Cramer pondered which US companies China would want to acquire, about 3 months before sovereign funds started buying into US companies. Cramer’s mortgage winners and losers…… Here were his MAJOR BULL MARKET STOCK PICKS(MHS, CVS, AGN, CELG, GENZ, CEPH, RIG, HAL, EMR, CAT, CMI, UTX, KO,PEP, CL, GS, SKS, VFC, UNP, CSX, BA), some of which are DJIAcomponents. Cramer produced a "MUST OWN" list of stocks, many of whichare up significantly and some are down (WHR, BDK, ATI, BGC, HON, ASD, JCI, MDR, FWLT, CAT, TEX, DE, QCOM)
Cramer spent lots of time on International stocks that most US investors might not cover on their own. He made a big call on Mercadolibre (MELI) (also BIDU, GOOG) with some emphasis on buying immediately, right before it made a huge run up. Cramer’s Hidden Video Game Investment Perfect World (PWRD, ATVI, ERTS, VIA) was one he said could run more than 50% for 2008. Cramer made 5 TOP CHINESE PICKS (CEO, CHL, SSW, FMCN, BIDU, GMR). We’ll see in 2008 if any of his Canadian OIL TRUSTS get acquired in 2008 (BTE, CNE, PGH, PVX, PWE, AAV, GDI). Cramer also went over his top picks from Europe for American investors (TOT, SI, ABB, PHG, BF)
ON TECHNOLOGY: Cramer’s NEW HORSEMEN OF TECH…. will the list change in 2008??? Did Cramer Say $1,000.00 on Google, Or Is It $600.00? That was in May 2007. Cramer Gave Monster Price targets to Baidu.com (BIDU, GOOG).. will these targets change in 2008? Cramer was very positive on all the GPS stocks,although we’d expect that Cramer will change his tune in 2008 now thatthe holiday madness is behind us (GRMN, UA, CROX, NVT, TRMB, SIRF).
Would it be fair not to include the Barron’s attack on Cramer from summer for those of you that criticize his every word?
ON WARREN BUFFETT…. Cramer noted that BROOKFIELD ASSET MANAGEMENT in Canada may be the next Berkshire Hathaway (NYSE:BRK/A) NYSE: BAM). Cramer reviewed 10 Warren Buffett stocks for analysis and then reviewed 10 More Warren Buffett stocks:
Will his buyout of ALCOA (AA) prediction come true in 2008??? Cramer gave a list of stocks that had bought back so much stock that they might be taking themselves private.
Join our free email distribution list for other Cramer calls or for updates we send out regarding IPO’s, spin-offs, restructuring, reorganization, activist investors and more.
Happy New Years from the 247WallSt.com team!
Jon C. Ogg
December 31, 2007
McDermott (NYSE:MDR) realigned its its B&W into 4 units, mostly aspects of nuclear but it also is focusing on cleaner coal and carbon capture.
Google (NASDAQ:GOOG) is going greener than green with a new business venture… in alternative energy generation and a search to eliminate carbon from coal. As Google’s initiative is aimed at eliminating and lowering coal use emissions, one key player there (that was not mentioned at all) is Fuel Tech Inc. (NASDAQ:FTEK) and it has been beaten up lately.
Gulf Ethanol (OTC-BB:GFET), which you have likely seen advertised all over the internet, licensed a ‘breakthrough technology" in an agreement to acquire the exclusive rights to a cellulose feed-stock processing technology and will have the exclusive right to deliver this new technology solution to the ethanol industry.
Active Power, Inc. (NASDAQ:ACPW) announced its CleanSource UPS (uninterruptible power supply) system was awarded the 2007 Product Design Innovation of the Year by the Institution of Engineering and Technology….noise rather than financial news.
Hewlett-Packard (NYSE:HPQ) announced relationships with two renewable energy providers, SunPower Corp. in the U.S. and Airtricity in Ireland, as part of the company’s strategy to reduce its global carbon footprint. HP will install its first-ever, large-scale solar power installation at its San Diego facility. And now it will ensure that nearly 90 percent of HP’s energy use in Ireland is renewable, exceeding the company’s 2007 target for carbon emission reductions.
Yingli Green Energy Holding Company Limited (NYSE:YGE) announced it has signed three polysilicon contracts with a leading polysilicon manufacturer to produce over 40 MW of PV modules over the life of the contracts.
Last night, Corning Incorporated (NYSE: GLW) completed expansion of its clean-air products facility, Corning Shanghai Company, Ltd. in Shanghai, China. The additional capacity will help Corning to increase its manufacturing capabilities to meet anticipated local and global demand for advanced ceramic substrates for light-duty vehicle applications.
Yesterday, Hoku Scientific (NASDAQ:HOKU) rose sharply by 38% after signing a Phase II $306 million polysilicon supply pact spread over 8-years with Solarfun (NASDAQ:SOLF).
It’s been a while, but Honda Motors (NYSE:HMC) has gotten a significant amount of attention after the announced launch of the Fuel Cell car, its FCX Clarity. We gave a review of how investors should view this with an explanation as to why. It’s definitely a different take than you’d expect and we show the others in the sector too.
In another note, we recently featured Capstone Turbine (NASDAQ:CPST) on our "10 Stocks Under $10" subscriber letter. We feel the aggressive target where Lazard Capital Markets called for it to essentially double may end up being quite conservative.
To set your RSS feeds to out "Business Day in Global Warming" set your feed to the following URL:
http://www.247wallst.com/alternative_energy/index.html
Jon C. Ogg
November 27, 2008
24/7 Wall St. also has its open email distribution list where we cover IPO’s, merger arbitrage, small cap stocks, reorganizations, upcoming events, and other special situations.
As a reminder, whether you prefer the term "Global Warming" or "Climate Change" is not the issue as far as 24/7 Wall St. covers it. Green business has become big business, and this affects many public companies today.
McDermott International Inc. (NYSE:MDR) is undergoing a bit of an interesting restructuring in its Babcock & Wilcox Company subsidiary. It is reorganizing into four groups including the newly formed nuclear power group and launch a new brand identity. The focus here seems to be more nuclear, and the company mentions more of a focus to lead the development of new clean coal and carbon capture technologies. These are key buzzwords for "going greener" for alternative energy investors and this is on the infrastructure side of it.
B&W has formed a new subsidiary, Babcock & Wilcox Nuclear Power Generation Group, Inc. (B&W NPG) that has aligned the resources and capabilities of the overall company to provide nuclear power plant products, services and construction for utilities worldwide. Other units being renamed are as follows:
The truth is that none of these units are actually new as they have been inside McDermott. In fact, if you visit their website you’ll see that they have already designed and manufactured more than 200 nuclear steam generators. This appears to be more of a rebranding and realignment for reporting. It is also unlikely that this would generate a break-up or spin-off candidate because unlike other conglomerates being discounted by Wall Street, the more and more vertical an infrastructure player can become in power generation and facility related construction the better.
Jon C. Ogg
November 27, 2007
Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.
If you have watched the infrastructure stock news this week, you will know most of these companies have beat earnings expectations and the industry isn’t seeing any major weakness ahead.
Fluor (NYSE:FLR) posted $1.05 EPS on $4.22 Billion in revenues, and estimates were $0.95 EPS and $3.8 Billion in revenues. The power division and oil and gas projects were mostly credited. Its shares were up about 3% yesterday in after-hours trading and that is in-line with pre-market indications on no volume so far.
McDermott International Inc. (NYSE:MDR) posted a profit thattripled, and it even split its stock 2 for 1. The company posted $1.31 EPS and estimates were under $1.00, and revenues were $1.42 Billion versus $1.39 Billion expected. Shares were up almost 3% in after-hours trading yesterday and are actually indicated up over 4% for the open.
AECOM Technology (NYSE:ACM), the company that is considered the bridge design and engineering contract winner, also is trading higher pre-market. The company posted $0.26 EPS on $1.1 Billion in revenues, and estimates were $0.25 EPS and $1.07 Billion revenues. Aecom shares are up more than 5% pre-market.
Foster Wheeler Ltd. (NASDAQ:FWLT) is actually indicated a bit lower this morning after its earnings report. The company posted $1.41 EPS, above the $1.33 EPS estimate (actual net results were $0.99 on items). But revenues were $1.19 Billion, compared to estimates of $1.2 Billion. That EPS number is before a increased reserve charge for a legacy power project. The global power group unit has its highest backlog in years and it expects high bookings in engineering and construction in the second half. Foster Wheeler shares are trading down 2% pre-market.
The market cap of these companies combined is more than $30 Billion.
Jon C. Ogg
August 8, 2007
Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
Stock Tickers: DE, MON, SQM, CAT, TEX, MTW, FWLT, MDR, JEC, BA, UTX
Cramer tonight discussed where the wild bull markets are that you want to be in. He has six bull markets.
1) Agriculture: the subsidies bring in $55 Billion in revenues to large farm companies alone. His 3 picks in this are Deere (DE), Monsanto (MON), and Sociedad QM (SQM).
2) Machinery: his pick is Caterpillar (CAT); Cramer also likes Terex (TEX) and likes Manitowoc (MTW), but he said CAT’s the best of breed pick and that’s the one he wants.
3) Infrastructure, perhaps the most wild bull market: the two cheapest after the big runs are Foster-Wheeler (FWLT) and McDermott (MDR), both of which he has been behind for large runs. All the asbestos issues are behind the companies and they are very undercovered on Wall Street. Jacobs Engineering (JEC) is the runner up.
4) Aerospace: Cramer’s pick is Boeing (BA) as it should be up more than it is, particularly after Airbus woes. He said he likes United Tech (UTX) but the best is Boeing and Boeing is now going north of $100.00.
Jon C. Ogg
May 29, 2007
Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
On tonight’s Sell Block on CNBC’s MAD MONEY, Jim Cramer reviewed many of his picks you need to sell:
He said the CEO of Syntax-Brillian (BRLC) is one he doesn’t trust and he’s against the stock right now. If you read my own commentary regularly then this may sound familiar after I said they can’t be trusted.
HealthSouth (HLS) is one where Cramer is no longer on the fence and you have to sell it. The debt credit spreads are bad.
Because of the potential backlash on drug stocks, he wants to take the 16% gain on Novo Nordisk (NVO).
He wants to stick with McDermott (MDR) at $75, Foster Wheeler (FWLT) sell at $100, Fluor (FLR) at $115.
Dynegy (DYN) is being run well and he doesn’t think it needs to go down.
Cisco Sytems (CSCO) is one he liked repeatedly and he thought it would go up and it didn’t; But Cramer said he is not going negative and he is saying to not sell it. He would be a buyer if you haven’t bought. As a reminder this was Cramer’s #3 Top Growth Pick for 2007.
Jon C. Ogg
May 10, 2007
Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
Stock Tickers: WHR, BDK, ATI, BGC, HON, ASD, JCI, MDR, FWLT, CAT, TEX, DE, QCOM
On tonight’s MAD MONEY on CNBC Jim Cramer addressed the opportunity created by the big down day. He thinks some stocks are so loved that hedge funds and mutual funds just keep buying. These funds can’t buy what they want all at once any longer, so they just keep buying and then the smaller funds jump on board. The other change is that the companies are shrinking because of buybacks. On days like today they sold off and that’s an opportunity for you to buy. The floats on these are small enough that they almost trade like small cap stocks. He has a dozen of these stocks:
Whirlpool (WHR), Black & Decker (BDK), Allegheny Tech (ATI), General Cable (BGC), Honeywell (HON), American Standard (ASD), Johnson Controls (JCI), McDermott (MDR), Foster Wheeler (FWLT), Caterpillar (CAT) and Terex (TEX), and Deere (DE).
This follows up on yesterday’s feature by Cramer where he sort of touted this as a scam on Wall Street in Qualcomm (QCOM).
Jon C. Ogg
May 10, 2007
Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
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