Posts for Ticker ‘MIR’

Top Analyst Downgrades (ADBE, ABX, CVH, FCL, MSO, MIR, S, VZ)

These are this Wednesday’s top pre-market analyst downgrades and cautious research calls we have seen from Wall Street firms:

Adobe Systems (ADBE) Cut to Hold at Jefferies.
Barrick Gold (ABX) Started as Reduce at Nomura.
Coventry Health (CVH) Cut to Sell at Goldman Sachs.
Felcor Lodging (FCL) Started as Sell at Citigroup.
Martha Stewart (MSO) Cut to Underweight at JPMorgan.
Mirant (MIR) Cut to Sell at Citigroup.
Sprint Nextel (S) Cut to Market Weight at Thomas Weisel.
Verizon Communication (VZ) Cut to Neutral at UBS.

JON C. OGG

Posted on: September 16, 2009 – 8:18 am in Analyst Calls, , , , , , , ,

52-Week Low Club (ALTU, SIL, CEG, COMV, EIX, ZINC, MIR, ZOLT)

Over the last three days it has been thin for 52-week lows, but a good market drop sure brings a reminder to the wall of shame.  Here are some of today’s key 52-week lows.

  • Altus Pharmaceuticals (NASDAQ: ALTU) tanked after Phase III cystic fibrosis tests failed to please on all fronts.
  • Apex Silver Mines (AMEX: SIL) fell nearly 40% after earnings disappointed.  At least they can use those mines for mushroom growth if they don’t find silver.

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Posted on: August 12, 2008 – 3:09 pm in HI/LOW, , , , , , , ,

The 52-Week Low Club 7/23/2008 (MIR)(CVG)(ADTC)(FORM)

Sad_clownMirant (MIR) Downgrade from Lehman Brothers. Falls off to $30.90 from 52-week high of $44.61.

Convergy (CVG) Good profits, but cuts forecast. Sells down to $12.69 from 52-week high of $24.30.

A D C Telecommunications (ADTC) Poor outlook with earnings. Drops to $9.70. from 52-week high of $21.

FormFactor (FORM) Oppenheimer downgrade. Dips to $15.56 from 52-week high of $48.48.

Douglas A. McIntyre

Posted on: July 23, 2008 – 2:55 pm in HI/LOW, , , ,

Top Pre-Market Analyst Downgrades (ADCT, ALV, CAT, FORM, GMR, GIII, MIR, SNIC, TGT, TOPS, WM, ZMH)

These are some of the top downgrades or negative analyst calls we are seeing this Wednesday morning in early pre-market hours:

  • ADC Telecom (ADCT) Cut to Neutral at Baird; Cut to Market Perform at FBR.
  • Autoliv (ALV) Cut to Hold at Deutsche Bank.
  • Caterpillar (CAT) Cut to Neutral at JPMorgan.
  • FormFactor (FORM) Cut to Perform  at Oppenheimer.
  • General Maritime (GMR) Cut to Neutral at JPMorgan.
  • G-III Apparel Group (GIII) Cut to Market Weight at Thomas Weisel.
  • Mirant (MIR) Cut to Equal Weight at Lehman.
  • Sonic Solutions (SNIC) Cut to Neutral at JPMorgan.
  • Target Corp. (TGT) Cut to Neutral at Credit Suisse.
  • Top Ships (TOPS) Cut to Underweight at JPMorgan.
  • Washington Mutual (WM) Cut to Sell at Piper Jaffray.
  • Zimmer Holdings (ZMH) Cut to Neutral at Piper Jaffray.

Jon C. Ogg
July 23, 2008

Posted on: July 23, 2008 – 6:29 am in Analyst Calls, , , , , , , , , , , ,

52-Week Low Club (AYE, AXL, APL, AUO, CHB, CMLS, GAP, MAC, MIR, RRI, SGLP, SWY, VRTU)

52_week_low_image_2Its Friday, and despite a fairly stable market today there were of course many 52-week lows.  Some look like a mid-city explosion from news, and some are just the normal selling.  As a reminder, some of these stocks are not under the 52-week lows at the time this published but these would have hit prior 52-week lows or traded under them on an intra-day basis. 

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Posted on: July 18, 2008 – 2:29 pm in HI/LOW, , , , , , , , , , , , ,

Top NYSE Short Interest Increases (CVS, AMD, HD, MU, WMT, MIR, BIG)

It is always interesting seeing which groups and which stocks saw the biggest changes in short interest.  This list doesn’t show financials because we’ve already shown that individually.  Here are some of the largest key short interest INCREASES from October 31 to November 15:

Stock (Ticker)                    NOV 15            OCT 31           Change
CVS Caremark(CVS)     67,661,461     37,871,140     29,790,321
Advanced Micro (AMD)   68,231,116     67,071,442     1,159,674
Home Depot (HD)          62,955,046     57,367,957     5,587,089
Micron Technol (MU)      58,664,775     51,730,612     6,934,163
Wal-Mart Stores (WMT)  51,603,102     44,236,637     7,366,465
Mirant Corp (MIR)            50,241,294     23,796,710     26,444,584
Big Lots Inc (BIG)            34,616,813     28,812,272     5,804,541   

Jon C. Ogg
November 23, 2007

Posted on: November 23, 2007 – 8:36 am in Short Interest, , , , , , ,

Top 10 Pre-Market Analyst Calls (BHI, HAL, FNM, FRE, INTC, MAT, MSFT, ORCL, MIR, NOVL, FTO, TSO, VLO)

These are not the only impacting analyst calls in the land of upgrades & downgrades, but these are the top ten analyst calls 24/7 Wall St. is looking at today:

  • Baker Hughes (BHI) & Halliburton (HAL) raised to Outperform at Bernstein.
  • Fannie Mae (FNM) & Freddie Mac (FRE) cut to Equal Weight at Lehman.
  • Frontier Oil (FTO), Tesoro (TSO) & Valero (VLO) estimates lowered at Goldman Sachs.
  • Intel (INTC) added to Goldman Sachs conviction Buy List, to replace the Long SNDK, Short AMAT pairs trade.
  • Mattel (MAT) raised to Overweight at J.P.Morgan.
  • Microsoft (MSFT) cut to Neutral from Buy at Merrill Lynch.
  • Mirant (MIR) raised to Overweight at Lehman.
  • Novell (NOVL) raised to Buy at UBS.
  • Oracle (ORCL) cut to Neutral from Buy at Merrill Lynch.

Jon C. Ogg
November 12, 2007

Posted on: November 12, 2007 – 8:08 am in Analyst Calls, , , , , , , , , , , , ,

The Week of Stock Buybacks & Repurchase (COH, FIC, MIR, AVCT, HOT, AGO, HEES, CBG, TER, FDO, RWT, LH, VIGN, CSCO)

Coach (NYSE:COH) has decided that the recent stock crush is a good opportunity to announce a $1 Billion share buyback plan. This represents roughly 30 million shares, or 5-times average volume; $12 Billion market cap.

Fair Isaac (NYSE:FIC) approved a $250 million share buyback plan, compared to a market cap of $2 Billion.

Mirant Corp. (NYSE:MIR) had one of the more impressive buybacks and share retirement plans announced, although its shares fell 8% because of losses.  Mirant’s total return plan is some $4.6 Billion, which includes $1 Billion in open market purchases and a $ 1Billion accelerated buyback plan.  This has been under review for the Special Situation Investing Newsletter.

Avocent Corp. (NASDAQ:AVCT) added 3 million shares to its stock repurchase program; Avocent has repurchased 11.2 million shares of the 12 million shares previously approved. The buyback equates to $75 million more in buybacks if completed, compared to a $1.25 Billion market cap and it represents about 8 days of trading volume.

Starwood Hotels & Resorts (NYSE:HOT) raised its dividend and added $1 Billion to share buybacks, compared to a $10.5 Billion market cap.  This one has also been under review for the Special Situation Investing Newsletter.

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Posted on: November 9, 2007 – 12:39 pm in Stock Buybacks, , , , , , , , , , , , , ,

Pre-Market Stock News (November 9, 2007)

  • Allscripts (MDRX) traded down 25% after missing earnings estimates and after lower guidance for 2007 and 2008.
  • American Tower (AMT) replacing Alltel (AT) in S&P.
  • ARM Holdings plc (ARMHY) trading down about 4% pre-market.
  • Barclays (BCS) trading down 4% over rumors of credit losses and rumors of excutive departures.
  • Clearwire’s (CLWR) WiMAX offering with Sprint is being called off; shares down 15%.
  • Estee Lauder (EL) named new head from P&G; raised dividend and announced a share buyback.
  • IMAX (IMAX) -$0.19 EPS vs -$0.07 est.
  • JA Solar (JASO) traded up 5% after earnings.
  • Jones Soda (JSDA) traded down 15% after earnings
  • Manitowoc (MTW) being added to S&P.
  • Merck (MRK) settling about 1/3 of outstanding lawsuits on Vioxx for some $4.5 Billion.
  • Mirants (MIR) $1.14 EPS vs $0.84 est.; announced a $1 Billion share buyback.
  • NVIDIA (NVDA) traded up 6% after earnings and guidance, but shares were initially down in after-hours trading.
  • Priceline (PCLN) trading up over 10% after beating earnings.
  • Qualcomm (QCOM) trading down 7% after guidance disappointed.
  • Siemens (SI) announced a multi-billion Euro buyback in shares.
  • Starwood (HOT) raised dividend to rate of $0.90/year and added $1 Billion to share buybacks.
  • Wachovia (WB) taking a $1.1 Billion writedown on CDO’s; stock down 3%.

Jon C. Ogg
November 9, 2007

Posted on: November 9, 2007 – 8:29 am in Pre-Market Activity, , , , , , , , , , , , , , , , , ,

NYSE Short Interest For October 31, 2007

Below is the short interest for major companies traded on the NYSE and changes from October 15, 2007 to the most current date, October 31, 2007.

Company                                           Shares Short               

Ford (F)                                             165.7 million shares short

Countrywide (CFC)                             106.9 million

Qwest (Q)                                           82.0 million

Time Warner (TWX)                             69.0 million

AMD (AMD)                                        67.1 million

Increase In Shares Sold Short

Company                                           Increase.

Countrywide                                       Up 27.1 million shares

LSI Logic (LSI)                                   Up 16.5 million

Applied Bio (ABI)                               Up 13.8 million

CItigroup (C)                                      Up 10.2 million

Mirant (MIR)                                      Up  9.9 million

Largest Decreases In Shares Sold Short

Company                                          Decrease In Shares Short

Marsh (MMC)                                    Down 16.4 million shares

Sprint (S)                                          Down 12.3 million shares

AMD                                                Down 8.8 million shares

Medtronic (MDT)                               Down 8.7 million shares

Sources: NYSE and WSJ

Douglas A. McIntyre

Posted on: November 6, 2007 – 5:24 pm in Short Interest, , , , , , , , , , , ,