24/7 Wall St. » MDRX

24/7 Wall St. Closing Bell (PM, SNDK, BIDU, AMZN, ALU, ELY, CLWR, DECK, WY, TRP, GT, PG, NWL, MRK, HELE, F, COV, CVX, MDRX, EXPE, WDC)

Paul Ausick — Fri, 27 Apr 2012 20:05:47 +0000

Markets opened higher this morning following a lower-than-expected GDP growth estimate of 2.2%. That was weaker, but not awful (our coverage here). The consumer sentiment survey rose a couple of ticks in April, but Americans still believe the future will better than the present (our coverage here). The US dollar index fell today, now down -0.25% at 78.725. The GSCI commodity index is up 0.07% at 682.08, with commodities mostly higher on the slightly weaker dollar. WTI crude oil closed up 0.4% at $104.93/barrel, and Brent crude trades down -0.23% at $119.64/barrel. Gold settled up 0.3% today, at $1,664.80/ounce.

The unofficial closing bells put the DJIA up nearly 24 points to 13,228.24 (0.18%), the NASDAQ rose nearly 19 points (0.61%) to 3,069.20, and the S&P 500 rose 0.24% or more than 3 points to 1,403.37.

There were several analyst upgrades and downgrades today, including Philip Morris International Inc. (NYSE: PM) reiterated as ‘buy’ and target price raised to $94 at Argus; SanDisk Corp. (NASDAQ: SNDK) raised to ‘buy’ at Jefferies; Baidu Inc. (NASDAQ: BIDU) maintained as ‘neutral’ but target price cut at Credit Suisse; Amazon.com Inc. (NASDAQ: AMZN) raised to ‘buy’ at BofA/ML, Nomura, and Goldman Sachs; and Alcatel-Lucent SA (NYSE: ALU) maintained as ‘underperform’ and estimates cut at Jefferies.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: Amazon.com is up 15.6% at $226.64; Callaway Golf Co. (NYSE: ELY) is down -14.9% at $5.94 (our coverage here); Clearwire Corp. (NASDAQ: CLWR) is down -2.7% at $1.43; Deckers Outdoor Corp. (NASDAQ: DECK) is down -25.5% at $51.78 after posting a new 52-week low of $51.03 (our coverage here); Weyerhaeuser Corp. (NYSE: WY) is down -0.3% at $20.81 (more coverage here); TransCanada Corp. (NYSE: TRP) is up 0.5% at $44.01; The Goodyear Tire & Rubber Co. (NYSE: GT) is down -5.1% at $11.32; Procter & Gamble Co. (NYSE: PG) is down -4% at $64.18 (our coverage here); Newell Rubbermaid Inc. (NYSE: NWL) is up 3.6% at $18.61; Merck & Co. (NYSE: MRK) is down -0.2% at $38.38; Helen of Troy Ltd. (NASDAQ: HELE) is up 4.4% at $35.33; Ford Motor Co. (NYSE: F) is down -2.1% at $11.62 (our coverage here); and Covidien plc (NYSE: COV) is up 0.5% at $55.32.

Be sure to look at our list of next week’s big earnings.

Other standouts from today include the following stocks:

Chevron Corp. (NYSE: CVX) is up 0.2% at $106.44. The supermajor oil company reported earnings in line, but production was down. More coverage here.

Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) is down -36% at $10.25 after posting a new 52-week low of $9.00. The healthcare services provider fired its chairman, and the list of woes goes on. More coverage here.

Expedia Inc. (NASDAQ: EXPE) is up 24.4% at $40.59. The Internet travel company posted better-than-expected quarterly results. More coverage here.

Western Digital Corp. (NYSE: WDC) is down -14.2% at $37.83. The disk drive maker had solid earnings, but worries abound about next quarter. More coverage here.

Stay tuned for Monday. We have noted the following events on the schedule (all times Eastern):

8:30 a.m. – Personal income and spending
9:45 a.m. – Chicago PMI
10:30 a.m. – Dallas Fed manufacturing survey
11:30 a.m. – 3- and 6-month bill auctions
3:00 p.m. – Farm Prices

Have a great weekend!

Paul Ausick

Filed under: HI/LOW, Market Close Tagged: ALU, AMZN, BIDU, CLWR, COV, CVX, DECK, ELY, EXPE, F, GT, HELE, MDRX, MRK, NWL, PG, PM, SNDK, TRP, WDC, WY

Allscripts Plunges on Perfect Storm of Bad News (MDRX)

Paul Ausick — Fri, 27 Apr 2012 16:29:21 +0000

Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) fired its board chairman, saw three directors leave in protest, and announced the resignation of the company’s CFO all at the same time that it reported quarterly earnings that were half the consensus estimates. This perfect storm of negative factors adds up to a -40% drop in the company’s share price.

Allscripts’ chairman, Phil Pead, had been CEO of Eclipsys, a company Allscripts acquired in 2010. He will receive a severance package described in the “terminated without cause” clause in his contract. The three directors who opposed Pead’s firing resigned following the decision to fire Pead.

The company’s CFO is leaving to accept a position with a company outside the healthcare industry. He has been temporarily replaced by another former employee of Eclipsys.

Finally, the earnings collapse was blamed on lower-than-expected sales and “an unfavorable sales mix.” Presumably that latter was due to “a number of our clients and prospects [who] delayed commitments as they wait for us to introduce new releases and demonstrate more robust integration.” Those clients and prospects are probably scattered to the four winds today.

Shares are down -40.7% at $9.50 after posting a new 52-week intraday low of $9.00 earlier. The prior 52-week range had been $13.85-$21.92. The stock closed at $16.02 last night.

Paul Ausick

Filed under: Corporate Governance, Earnings, Healthcare, HI/LOW, Shareholder Issues Tagged: board of directors, firing chairman, MDRX, resignations

Top Analyst Upgrades & Downgrades (AET, AEM, APD, ALU, MDRX, AMZN, AMCC, BIDU, CBG, CTCT, DECK, EBAY, LOGI, PCS, PM, REGN, SNDK, STX, WDC, ZNGA)

Administrator — Fri, 27 Apr 2012 12:17:32 +0000

These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Friday.

Aetna Inc. (NYSE: AET) Reiterated Buy with a target price of $55 at Argus.

Agnico-Eagle Mines Limited (NYSE: AEM) Raised to Outperform at Credit Suisse.

Air Products & Chemicals Inc. (NYSE: APD) Cut to Neutral at Citigroup.

Alcatel-Lucent SA (NYSE: ALU) Maintained Underperform and cut estimates at Jefferies.

Allscripts Healthcare (NASDAQ: MDRX) Cut to Neutral at Credit Suisse; Cut to Equal-weight at Barclays.

Amazon.com Inc. (NASDAQ: AMZN) Raised to Buy at BofA/ML; Raised to Buy at Nomura; Raised to Buy at Goldman Sachs; Maintained Hold but raised target to $230 at Canaccord Genuity.

Applied Micro Circuits Corp. (NASDAQ: AMCC) Cut to Hold at Wunderlich.

Baidu, Inc. (NASDAQ: BIDU) Maintained Neutral but target cut at Credit Suisse.

CBRE Group, Inc. (NYSE: CBG) named Bull of the Day at Zacks.

Constant Contact (NASDAQ: CTCT) Cut to Neutral at Janney; Cut to Market Perform William Blair.

Deckers Outdoor Corp. (NASDAQ: DECK) Cut to Hold at Jefferies; Cut to Hold at Canaccord Genuity.

eBay Inc. (NASDAQ: EBAY) Reiterated Buy and raised target to $48 from $40 at Argus.

Logitech International (NASDAQ: LOGI) Raised to Outperform at BNP Paribas.

MetroPCS (NYSE: PCS) Cut to Hold at Argus; Cut to Hold at Deutsche Bank; Cut to Hold at Canaccord Genuity.

Philip Morris International Inc. (NYSE: PM) Reiterated Buy and raised target to $94 from $88 at Argus.

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) Cut to Market Perform at BMO.

SanDisk Corporation (NASDAQ: SNDK) Raised to Buy at Jefferies.

Seagate Technology PLC (NASDAQ: STX) Cut to Neutral at BofA/ML.

Western Digital Corporation (NYSE: WDC) Cut to Neutral at BofA/ML.

Zynga, Inc. (NASDAQ: ZNGA) Raised to Neutral at BofA/ML; Raised to Overweight at JPMorgan; Maintained Hold but cut target to $13 from $15 at Canaccord Genuity.

AAR Corporation (NYSE: AIR) named Bear of the Day at Zacks.

If you enjoyed the top analyst upgrades and downgrades, you can join our free email newsletter that includes analyst summaries each morning sent right to your inbox. We also cover top issues such as IPOs, special financial exclusives, mergers and more. Sign up in the box below.

JON C. OGG

Filed under: Analyst Calls Tagged: AEM, AET, ALU, AMCC, AMZN, APD, BIDU, CBG, CTCT, DECK, EBAY, LOGI, MDRX, PCS, PM, REGN, SNDK, STX, WDC, ZNGA

Top Analyst Upgrades & Downgrades (ACN, MDRX, BLK, FMCN, FRO, HD, NRGY, JAH, KMI, LNKD, L, MU, OPEN, ORCL, RGLD, USB)

Administrator — Wed, 21 Mar 2012 12:20:54 +0000

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

Accenture plc (NYSE: ACN) Raised to Hold at Soc-Gen.

Allscripts Healthcare Solutions (NASDAQ: MDRX) Cut to Neutral at JPMorgan.

BlackRock Inc. (NYSE: BLK) Cut to Equal Weight at Morgan Stanley.

Focus Media Holding Limited (NASDAQ: FMCN) Raised to Overweight at JPMorgan.

Frontline Ltd. (NYSE: FRO) Cut to Underperform at Wells Fargo.

Home Depot Inc. (NYSE: HD) Reiterated Outperform and raised target to $55 at Credit Suisse.

Inergy L.P. (NYSE: NRGY) Started as Outperform at Credit Suisse.

Jarden Corporation (NYSE: JAH) named as Value stock of the day at Zacks.

Kinder Morgan. Inc. (NYSE: KMI) Raised target price to $36 from $32 at Credit Suisse.

LinkedIn Corporation (NYSE: LNKD) Raised to Buy at Goldman Sachs.

Loews Corporation (NYSE: L) named Bear of the Day at Zacks.

Micron Technology, Inc. (NASDAQ: MU) Started as Outperform at RBC.

OpenTable, Inc. (NASDAQ: OPEN) Raised to Buy at Benchmark.

Oracle Corporation (NASDAQ: ORCL) Raised estimates and maintained on Focus List at Credit Suisse.

Royal Gold, Inc. (NASDAQ: RGLD) Raised to Outperform at National Bank.

U.S. Bancorp (NYSE: USB) named as Bull of the Day at Zacks.

JON C. OGG

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: ACN, BLK, FMCN, FRO, HD, JAH, KMI, L, LNKD, MDRX, MU, NRGY, OPEN, ORCL, RGLD, USB

Top Analyst Upgrades & Downgrades (MDRX, AREX, FSLR, FSL, JKS, KBH, KR, ORCL, PEP, QSII, STP, TWX, VE, DIS)

Administrator — Mon, 12 Mar 2012 12:42:38 +0000

These are some of this Monday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls.

Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) Started as Outperform at Credit Suisse.

Approach Resources Inc. (NASDAQ: AREX) reiterated Buy and raised target to $44 at Canaccord Genuity.

First Solar, Inc. (NASDAQ: FSLR) Maintained Hold but cut target to $30 at Canaccord Genuity.

Freescale Semiconductor (NYSE: FSL) Raised to Outperform at RBC.

Jinko Solar Holding Co. (NYSE: JKS) maintained Neutral but raised target to $10 at Credit Suisse.

K.B. Home (NYSE: KBH) Raised to Overweight at Barclays.

Kroger Co. (NYSE: KR) named as Value stock of the day at Zacks.

Oracle Corporation (NASDAQ: ORCL) Cut to Hold at Jefferies.

Pepsico, Inc. (NYSE: PEP) Reiterated Buy at Gabelli.

Quality Systems, Inc. (NASDAQ: QSII) Started as Neutral at Credit Suisse.

Suntech Power Holdings Co.. Ltd. (NYSE: STP) Cut estimates at Credit Suisse.

Time Warner Inc. (NYSE: TWX) Cut to Neutral at Janney Capital.

Veolia Environnement (NYSE: VE) Raised to Overweight at Morgan Stanley.

Walt Disney Co. (NYSE: DIS) Raised to Buy at Janney Capital.

JON C. OGG

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: AREX, DIS, FSL, FSLR, JKS, KBH, KR, MDRX, ORCL, PEP, QSII, STP, TWX, VE

Top Analyst Upgrades & Downgrades (MDRX, ANR, AMCX, AEO, BAC, CBRL, EMR, JNY, LDK, PERY, PCLN, R, HOT, SXC, VPRT)

Administrator — Tue, 30 Aug 2011 12:08:36 +0000

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

Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) Reiterated Buy with $27 target at Argus.
Alpha Natural Resources, Inc. (NYSE: ANR) Started as Neutral at JPMorgan.
AMC Networks Inc. (NASDAQ: AMCX) Started as Buy with $42 target at BofA/ML.
American Eagle Outfitters, Inc. (NYSE: AEO) Cut to Hold at Citigroup.
Bank of America Corporation (NYSE: BAC) Maintained Outperform with $14 target at Credit Suisse.
Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) Cut to Neutral at SunTrust.
Emerson Electric Co. (NYSE: EMR) Cut to Hold at Argus.
The Jones Group Inc. (NYSE: JNY) Raised to Buy with $14 target at BofA/ML.
LDK Solar Co., Ltd. (NYSE: LDK) Cut to Underperform at Wells Fargo.
Perry Ellis International (NASDAQ: PERY) Raised to Buy with $26 target at BofA/ML.
Priceline.com Inc. (NASDAQ: PCLN) Reiterated Outperform as Bull of the Day at Zacks.
Ryder System, Inc. (NYSE: R) named Value stock of the day at Zacks.
Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) Maintained Outperform but cut target to $64 at Credit Suisse.
SunCoke Energy Inc. (NYSE: SXC) Started as Outperform with $19 target at Credit Suisse.
VistaPrint NV (NASDAQ: VPRT) Cut to Neutral as Bear of the Day at Zacks.

JON C. OGG

Filed under: Analyst Calls Tagged: AEO, AMCX, ANR, BAC, CBRL, EMR, HOT, JNY, LDK, MDRX, PCLN, PERY, R, SXC, VPRT

Top Analyst Upgrades & Downgrades (MDRX, AMR, ADI, BHP, BYD, CHH, KIOR, LEAP, MRO, MAR, PCS, OSG, PFCB, RDC, SKH, TXN, VLO, YNDX)

Administrator — Wed, 03 Aug 2011 12:12:42 +0000

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

Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) Raised to Buy at Auriga.
AMR Corporation (NYSE: AMR) Cut to Neutral at JPMorgan.
Analog Devices Inc. (NYSE: ADI) Cut to Neutral at Stern Agee.
BHP Billiton Ltd. (NYSE: BHP) Cut to Neutral at Credit Suisse.
Boyd Gaming Corp. (NYSE: BYD) Cut to Underperform at BofA/ML.
Choice Hotels (NYSE: CHH) Raised to Neutral at Credit Suisse.
KiOR, Inc. (NASDAQ: KIOR) Started as Outperform at Credit Suisse.
Leap Wireless International Inc. (NASDAQ: LEAP) Cut to Neutral at Baird.
Marathon Oil Corporation (NYSE: MRO) Cut to Neutral at Credit Suisse.
Marriott International, Inc. (NYSE: MAR) Cut to Neutral at BofA/ML.
MetroPCS Communications, Inc. (NYSE: PCS) Cut to Neutral at Baird; Maintained Neutral but cut target to $12 at Credit Suisse; Maintained Buy with $22 target at Argus.
Overseas Shipholding Group Inc. (NYSE: OSG) Cut to Sell at Deutsche Bank; Cut to Hold at Jefferies.
P.F. Chang’s China Bistro, Inc. (NASDAQ: PFCB) Cut to Sell at Argus.
Rowan Companies (NYSE: RDC) Raised to Neutral at Credit Suisse.
Skilled Healthcare Group, Inc. (NYSE: SKH) Started as Underperform at BofA/ML.
Texas Instruments Inc. (NYSE: TXN) Cut to Neutral at Stern Agee.
Valero Energy Corporation (NYSE: VLO) Reiterated Buy with $35 target at Argus.
Yandex N. V. (NASDAQ: YNDX) Started as Overweight at JPMorgan.

You are invited to 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, AMR, BHP, BYD, CHH, KIOR, LEAP, MAR, MDRX, MRO, OSG, PCS, PFCB, RDC, SKH, TXN, VLO, YNDX

The Twitter-24/7 Wall St. Stock Market Report 6.9.2010 The Wisdom Of Crowds?

247wallst — Wed, 09 Jun 2010 12:57:06 +0000

Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds.

24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, MarketWatch, CNBC, and 24/7 Wall St. each day to see which stocks are most frequently mentioned. It is clear that in this area of social media these tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 Twitter users which makes them a sizeable sample of Wall St.’s interests. In some cases, we will publish the actual tweets from the sites.

Among the most tweeted stocks on market aggregator Top Stock Tweets are EURUSD , Apple Inc. (NASDAQ: AAPL), GBPUSD, BP plc (NYSE: BP), Google Inc. (NASDAQ: GOOG), AUDUSD, Microsoft Corporation (NASDAQ: MSFT), Bank of America Corporation (NYSE: BAC), Eclipsys Corporation (NASDAQ: ECLP), and Allscripts-Misys Healthcare Solutions, Inc. (NASDAQ: MDRX).Reuters Biz: Amid gloom, some bulls roam Wall Street http://link.reuters.com/xus98k

FT: Hopes for Chinese exports boost confidence: Global Market Overview: Reports that Beijing’s exports saw a 50% jump … http://bit.ly/creNY2

FT: JPMorgan forms China IPO joint venture: The US bank unveils a new securities joint venture in the latest move by a… http://bit.ly/cO0kgn

Yahoo ! Finance: Allscripts-Misys buying Eclipsys in $1.3B deal combining healthcare information tech companies http://yhoo.it/alWGKP $MDRX $ECLP

Daily Finance: Banco Santander Buys Back Stake in Mexico Subsidiary From BofA http://bit.ly/aFcYzf

Reuters Biz: Germany, France urge EU to eye short selling ban http://link.reuters.com/dat98k

Douglas A. McIntyre

Filed under: Research Tagged: AAPL, BAC, BP, ECLP, GOOG, MDRX, MSFT

Top Analyst Upgrades and Downgrades (ABB, MDRX, BSX, DROOY, GFI, HMY, WFR, BTU, POT, PHM, PUK, STM, WEN)

Administrator — Wed, 09 Jun 2010 12:30:51 +0000

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

ABB Ltd. (NYSE: ABB) Raised to Buy at Goldman Sachs.
Allscripts-Misys Healthcare Solutions, Inc. (NASDAQ: MDRX) Raised to Overweight at Thomas Weisel.
Boston Scientific Corporation (NYSE: BSX) Maintained Sell at Goldman Sachs, but removed from Conviction Sell List.
DRDGold (NASDAQ: DROOY) Started as Overweight at Morgan Stanley.
Gold Fields Ltd. (NYSE: GFI) Started as Equal-weight at Morgan Stanley.
Harmony Gold Mining Co. (NYSE: HMY) Started as Overweight at Morgan Stanley.
MEMC Electronic Materials Inc. (NYSE: WFR) Cut to Buy from Strong Buy at S&P (late yesterday).
Peabody Energy (NYSE: BTU) Raised to Outperform at BMO Capital.
Potash Corp of Saskatchewan (NYSE: POT) Raised to Buy at UBS.
Pulte Homes (NYSE: PHM) Raised to Hold at Stifel Nicolaus.
Prudential plc (NYSE: PUK) Started as Buy at UBS.
STMicroelectronics NV (NYSE: STM) Started as Buy at Jefferies.
Wendy’s/Arby’s (NYSE: WEN) Raised to Buy at SunTrust.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Sponsor: 5 best investments for 2010 – The next nine months represent a bold new era for investors.

Filed under: Analyst Calls Tagged: ABB, BSX, BTU, DROOY, GFI, HMY, MDRX, PHM, POT, PUK, STM, WEN, WFR

Top Analyst Upgrades and Downgrades (AEZS, ACV, MDRX, CAAS, DELL, HPQ, BEE, SIMG, SY, TEF, TIVO, WCRX)

Administrator — Mon, 17 May 2010 12:22:46 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen in Wall Street research calls this Monday:

Aeterna Zentaris Inc. (NASDAQ: AEZS) Reiterated Outperform but Target raised to $2 from $1.50 at RBC.
Alberto-Culver Co. (NYSE: ACV) Raised to Buy at Goldman Sachs.
Allscripts-Misys Healthcare Solutions, Inc. (NASDAQ: MDRX) Raised to Buy at Jefferies.
China Automotive Systems Inc. (NASDAQ: CAAS) Started as Outperform at Oppenheimer.
Dell Inc. (NASDAQ: DELL) Started as Buy at Brean Murray.
Hewlett Packard Co. (NYSE: HPQ) Started as Buy at Brean Murray.
Strategic Hotels & Resorts (NYSE: BEE) Raised to Neutral at Baird.
Silicon Image Inc. (NASDAQ: SIMG) Raised to Buy at Needham.
Sybase, Inc. (NYSE: SY) Cut to Neutral at JPMorgan.
TiVo Inc. (NASDAQ: TIVO) Cut to Hold at Kaufman; Cut at Lazard late Friday on the bad court review news. TiVo’s technical trade set-ups are also available at VSInvestor.com.
Telefonica SA (NYSE: TEF) Raised to Buy at Citigroup.
Warner Chilcott plc (NASDAQ: WCRX) Raised to Buy at Jefferies.

JON C. OGG

Filed under: Analyst Calls Tagged: ACV, AEZS, BEE, CAAS, DELL, HPQ, MDRX, SIMG, SY, TEF, TIVO, WCRX