Posts for Ticker ‘NITE’

Top 10 Anlayst Upgrades, Downgrades, Initiations (AXP, COF, DE, DHI, JEF, NITE, NDAQ, SLB, SBUX, WLP)

These are this Monday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls:

American Express (NYSE: AXP) Started as Overweight at Morgan Stanley.
Capital One (NYSE: COF) Started as Equal Weight at Morgan Stanley.
Deere (NYSE: DE) Raised to Overweight at Morgan Stanley.
D.R. Horton (NYSE: DHI) Raised to Hold at Citigroup.
Jefferies (NYSE: JEF) Cut to Sell at Goldman Sachs.
Knight Capital (NASDAQ: NITE) Cut to Neutral at Goldman Sachs.
NASDAQ OMX (NASDAQ: NDAQ) Raised to Buy at Goldman Sachs.
Schlumberger (NYSE: SLB) Raised to Outperform at Credit Suisse.
Starbucks (NASDAQ: SBUX) Raised to Buy at Jefferies.
Wellpoint (NYSE: WLP) Raised to Overweight at JPMorgan.

You can join our open email distribution list to hear more news on key analyst calls, top day trader alerts, mergers and acquisitions, Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Posted on: November 23, 2009 – 7:32 am in Analyst Calls, , , , , , , , , ,

Knight Capital Out-Jousts Peers (NITE)

Knight_trading_logoKnight Capital Group Inc. (NASDAQ: NITE) is doing what other trading shops aren’t: it is winning in uncertain times.  The trading and brokerage firm posted earnings of $0.40 on revenues of $269.9 million, while First Call had estimates pegged at $0.24 EPS and $211.5 million in revenues.

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Posted on: October 22, 2008 – 7:48 am in Brokerage Firms, Earnings,

Early Bird Analyst Upgrades (ALVR, ABV, ABC, NITE, MSSR, NDAQ, PCX, TRMB)

These are some of the analyst upgrades and positive calls coming from Wall Street this Wednesday morning with more than two hours to the open:

  • Alvarion (ALVR) Started as Buy at Deutsche Bank.
  • AmBev (ABV) Raised to Outperform at Credit Suisse.
  • AmerisourceBergen (ABC) Raised To Buy at Merrill Lynch.
  • Knight Capital (NITE) Raised to Buy at Goldman Sachs.
  • McCormick & Schmick’s (MSSR) Started as Buy at Jefferies.
  • Nasdaq OMX (NDAQ) Raised To Buy at Goldman Sachs.
  • Patriot Coal (PCX) Started as Buy at UBS.
  • Trimble Navigation (TRMB) Started as Buy at Deutsche Bank.

Jon C. Ogg
September 24, 2008

Posted on: September 24, 2008 – 6:23 am in Analyst Calls, , , , , , , ,

Top 10 Pre-Market Analyst Calls (WTR, BYD, CNET, CTRP, GOOG, SOLD, NITE, NYX, SOHU, VDSI)

These are ten of the top analyst calls we are focusing on this morning:

  • Aqua America (NYSE: WTR) cut to Market Perform at Wachovia.
  • Boyd Gaming (NYSE: BYD) started as Sell at Banc of America.
  • CNET (NASDAQ: CNET) started as Buy at Kaufman Bros.
  • Ctrip.com (NASDAQ: CTRP) cut to Neutral at Piper Jaffray.
  • Google (NASDAQ:    GOOG) started as Buy at Kaufman Bros
  • Housevalues (NASDAQ: SOLD) raised to Buy at Cantor Fitzgerald.
  • Knight Capital Group (NASDAQ: NITE) cut to Equal Weight at Lehman Brothers.
  • NYSE Euronext (NYSE: NYX) raised to Buy at Deutsche Bank.
  • Sohu.com (NASDAQ: SOHU) cut to Hold at Deutsche Bank.
  • VASCO Data Security (NASDAQ: VDSI) raised to Buy at Jefferies.

Jon C. Ogg
May 7, 2008

Posted on: May 7, 2008 – 7:01 am in Analyst Calls, , , , , , , , , ,

Financial Earnings Winners & Losers (BLK, JPM, NITE, MER, WFC)

BlackRock, Inc. (NYSE: BLK) posted a 25% gain in earnings, but reported $1.90 EPS versus $2.00 estimates; Assets under management are now $1.364 Trillion.  Shares are trading down by 2% pre-market.

JPMorgan Chase (NYSE: JPM) $0.69 EPS vs. $0.64 est.; $2.6 Billion markdowns; expect weakness to continue and expects capital market stress to continue; sees issues affecting results for remainder of 2008 or longer; shares are trading up over 2% in pre-market.

Knight Capital Group, Inc. (NASDAQ: NITE) $0.35 EPS vs. $0.30 estimates; trading volume surged in dollar terms and decreased in volume for march, noted de-leveraging of financial markets; stock trading up over 6% pre-market.

Merrill Lynch (NYSE: MER) is taking another $6.8 Billion in write-offs according to WSJ, although shares are up almost 1% pre-market.

Wells Fargo (NYSE: WFC) posted an 11% decrease in earnings but earnings were $0.60 EPS vs $0.57 est; setting aside $2.03 billion to cover delinquencies and defaults among mortgages and other loans; non-performing assets up 16% to $4.5 billion as of March 31, up from $3.87 billion at December 31, 2007; Shares are trading up over 7% in pre-market trading.

Jon C. Ogg
April 16, 2008

Jon Ogg produces the Special Situation Investing Newsletter.  He can be reached at jonogg@247wallst.com and he does not own securities in the companies he covers.

Posted on: April 16, 2008 – 7:52 am in Banking, Earnings, Financial Stocks, , , , ,

Goldman Sachs Makes Key Financial Calls (BEN, JNS, NYX, NDAQ, MET, FII, NITE, OZM)

Goldman Sachs has issued a call on its asset manager universe, and says it’s time to go on the offensive.  Its rating on the group is now attractive.  The bulge bracket brokerage leader has also made some key calls in the financial sector this morning.

In the call it has raised the following to Buy from Neutral:

  • Franklin Resources, Inc. (NYSE: BEN), Janus Capital Group, Inc. (NYSE: JNS), NYSE Euronext, Inc. (NYSE: NYX), MetLife Inc. (NYSE: MET)

There were actually some downgrades as well, with the following downgraded to Neutral from Buy:

  • Federated Investors, INC. (NYSE: FII), Knight Capital Group, Inc. (NASDAQ: NITE), Och-Ziff Capital Management (NYSE: OZM).

It has maintained a Neutral rating on NASDAQ OMX Group (NASDAQ: NDAQ), although it raised estimates by $0.10 for both 2008 and 2009. 

Jon C. Ogg
April 8, 2008

Posted on: April 8, 2008 – 8:00 am in Analyst Calls, Financial Stocks, , , , , , , ,

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, , , , , , , , , , , , , , , , , ,

The 52-Week Low Club

Enterra Energy (ENT) Second big daily drop after suspending dividend. Down to $1.63 from 52-week high of $10.30.

Bearingpoint (BE) Management consultants. Not doing a very good job of it. Drops to $4.51 from 52-week high of $9.00.

Navigant Consulting (NCI) Financial and regulatory consultancy company to do reorganization, may hit financial statement. Consulting must not be a very good business. Down to $12.55 from 52-week high of $22.63.

Animal Health (AHII) Distributor of animal health products posts earnings and Wall St. is not happy. Falls to $8.78 from 52-week high of $15.74.

Syntax Brillian (BRLC) LCD TV maker still dropping after weak numbers. Down to $3.58 from 52-week high of $11.70.

Knight Capital (NITE) Wall St. unhappy that NITE owns a hedge fund. Shares keep moving down. Hit $11.73 from 52-week high of $21.78.

Douglas A. McIntyre

Posted on: September 18, 2007 – 3:11 pm in HI/LOW, , , , ,

Media Digest 8/29/2007 Reuters, WSJ, NYTimes, FT, Barron’s

According to Reuters, Isuzu and GM (GM) will increase their cooperation in South America to improve their share in the truck market.

Reuters writes that Knight Capital (NITE) may have to refund fees collected by one of its funds which has been affected by market turmoil.

The Wall Street Journal writes that it has told the UAW that it may sell some non-core assets which have union employees

The Wall Street Journal reports that the CFO of Google (GOOG) will step down.

The Wall Street Journal writes that job losses in the Mexican community are hurting Wal-Mart (WMT) sales.

The Wall Street Journal writes that Home Depot (HD) will continue with plans for a share buy-back.

The Wall Street Journal writes that Lockheed Martin is looking for growth in its IT business to offset slowing defence sales.

The New York Times writes that phone companies in Europe are stepping up their investment to bring internet TV to consumer’s homes.

The FT writes that BMW and Daimler are warning China that it is copying models of their cars.

The FT writes that Merrill Lynch (MER) is moving aggressively into India.

Barron’s writes that Apple (AAPL) may introduce new models of the iPod at a Sept 5 event.

The Inquirer writes that Google (GOOG) may introduce a phone in September.

Douglas A. McIntyre

Posted on: August 29, 2007 – 3:14 am in Press Digest, , , , , , ,

Pre-Market Stock News (August 13, 2007)

(BEAS) BEA Systems trading up 6% pre-market on 3 upgrades: Raised to Buy at B of A; raised to Buy at UBS; raised to Outperform at Bear Stearns.
(BX) Blackstone earned posted revenues $975M vs $1.06 Billion.
(C) Citigroup disclosed $500+ million in credit losses, yet stock indicated higher.
(EMC) EMC trading up 2% ahead of VMware IPO pricing (as of now VMware IPO should price today and trade Tuesday).
(GS) Goldman Sachs is adding $3 Billion in additional capital into one of its ‘undervalued’ hedge funds.
(HOV) Hovnanian said quarterly net contracts are down 24% and forecast higher cancellations.
(IDEV)  Indevus Pharm announced receipt of a $49.9 Million milestone payment from Esprit Pharmaceuticals.
(LCRY) LeCroy $0.12 EPS vs. $0.06 est.
(MOT) Motorola signed contracts with China Mobile for nearly $400 million.
(NITE) Knight Trading said that Goldman Sachs invested for a minority interest in its Direct Edge ECN.
(PHTN) Photon Dynamics raised mid-point of range.
(Q) Qwest Communications names Edward A. Mueller Chairman and Chief Executive Officer
(SHLD) Sears is lowering KMart and Sears sales.
(SYY) Sysco Foods $0.49 EPS vs $0.46 est.
(USBE) US Bioenergy $0.15 EPS vs $0.12 est.

Jon C. Ogg
August 13, 2007

Posted on: August 13, 2007 – 7:32 am in Pre-Market Activity, , , , , , , , , , , ,

Pre-Market Stock News (July 18, 2007)

(ABT) Abbott Labs $0.69 EPS vs $0.68 estimate; guidance looks soft.
(ASD) American Standard $0.84 EPS net, but $1.05 before items; estimates were $1.08. Spin-off/sale remains on track.
(BLK) Blackrock $1.80 EPS vs $1.67 estimate.
(BSC) Bear Stearns said two of its funds are virtually worthless.
(CLDA) Clinical Data priced a 3 million share secondary at $22.00 per share.
(DAL) Delta Air $0.70 EPS; generated $1.1 Billion in free cash flow.
(DJ) Dow Jones board has approved a deal with Rupert Murdoch and will meet with Bancroft family.
(INTC) Intel trading down 5% after earnings last night.
(ISPH) Inspire Pharma announced a $75 million convertible preferred financing pact with Warburg Pincus.
(ITWO) i2 Technologies lowered guidance.
(JCI) Johnson Controls $1.98 EPS vs $1.98 estimate.
(JPM) JP Morgan Chase & Co $1.20 EPS vs $1.09 estimate.
(JUPM) JupiterMedia announced a $20 million acquisition of MediaBistro.com.
(LUV) Southwest Airlines $0.25 EPS vs $0.23 estimate; revenue performance looks better than expected so far for Q3.
(MO) Altria $1.05 EPS vs $1.13 estimate.
(NITE) Knight Trading $0.24 EPS vs $0.26 estimate; announced a $500 million share buyback plan..
(ORB) Orbital $0.23 EPS vs $0.21 estimate.
(PFE) Pfizer $0.42 EPS before items vs $0.50 estimates; reaffirmed 2007-2008 targets.
(STJ) St. Jude Medical$0.45 EPS vs $0.43 estimate.
(UTX) United Technologies $1.16 EPS vs. $1.15 estimates; reaffirmed targets.
(WFMI) Whole Foods’ board of directors started an investigation into CEO John Mackey Yahoo Message Boards postings.
(YHOO) Yahoo! trading down over 5% after earnings last night. YHOO target lowered at many firms: Goldman Sachs, Piper Jaffray, Credit Suisse, Bernstein, ThinkEquity and probably more.

Jon C. Ogg
July 18, 2007

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

Posted on: July 18, 2007 – 7:15 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , , ,

Shorts Up Against Online Brokers (May 2007) (ETFC, AMTD, SCHW, NITE, OXPS, TRAD, IBKR)

Stock Tickers: ETFC, AMTD, SCHW, NITE, OXPS, TRAD, IBKR

The short interest in online brokers is often a guage as to what traders are thinking about the markets because it is one of the directly affected areas by rising or falling trading volume in the overall stock markets.  So if shares in the short interest are rising, then short sellers in these names are either building positions for an impending fall in the markets or a drop in trading volume, or they are just fighting the tape.

Stock (Ticker)                     MAY       APRIL    CHANGE
E*Trade (ETFC)             16.72M    10.96M     52%
TD Ameritrade (AMTD)  21.45M    13.96M     53%
Schwab (SCHW)            20.66M    18.2M       13.5%
Knight Trading (NITE)   10.02M    8.79M        14%
optionsXpress (OXPS)   5.05M       5.4M        -7%
Interactive Brkrs (IBKR)   415K        N/A          N/A
TradeStation (TRAD)      2.05M        2.1M       -2.6%

Jon C. Ogg
May 25, 2007

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

Posted on: May 25, 2007 – 8:05 am in Brokerage Firms, Internet, Short Interest, , , , , , ,