Posts for Ticker ‘RIO’

Top 10 Pre-Market Analyst Calls (CPST, CHKP, RIO, COCO, ETR, GM, IDTI, MGM, PCG, TEN)

These are ten of the individual analyst calls we are looking at from Wall Street this Thursday morning:

  • Capstone Turbine Corp. (NASDAQ: CPST) started as Buy at Broadpoint Capital.
  • Check Point Software (NASDAQ: CHKP) raised to Overweight at Lehman Brothers.
  • Comp Vale Do Rio (NYSE: RIO) started as Overweight at Lehman Brothers.
  • Corinthian Colleges (NASDAQ: COCO) Raised to Overweight from Equalweight at Lehman Brothers.
  • Entergy (NYSE: ETR) Cut to Neutral from Buy at Banc Of America.
  • General Motors (NYSE: GM) downgraded to Sell from Neutral at Goldman Sachs.
  • Integrated Device Tech (NASDAQ: IDTI) Raised to Neutral from Underperform at Merrill Lynch.
  • MGM Mirage (NYSE: MGM) Cut to Neutral from Overweight at JPMorgan.
  • PG&E (NYSE: PCG) Cut to Hold from Buy at Jefferies.
  • Tenneco (NYSE: TEN) and Lear Corp. (NYSE: LEA) were both downgraded at Goldman Sachs.

Jon C. Ogg
June 26, 2008

Posted on: June 26, 2008 – 6:57 am in Analyst Calls, , , , , , , , , ,

Goldman Sachs Adds RIO to Conviction Buy List (RIO)

Goldman Sachs is maintaining its Buy rating this morning on Companhia Vale do Rio Doce (NYSE: RIO), but the firm is adding the stock to its Americas Conviction Buy List.  Shares are down over 13% over the past month, worse than -2% for S&P 500.  Goldman also notes that shares look fairly inexpensive.  In fact, it sees an 88% upside opportunity to its 12 month target of $58 per ADR.  The company settled 2008 pellet prices at an 87% year over year increase, well above Goldman Sachs projected 45% increase.  The firm also believe that iron ore consumption will be less affected than other metals due to the industrialization and urbanization in BRIC countries.

Jon C. Ogg
March 24, 2008

Posted on: March 24, 2008 – 6:53 am in Analyst Calls, Metals,

Cramer’s Grooming Tip: Get A Brazilian (PBR, RIO, AMX, GFA, MELI, GOL, EWZ)

This week on MAD MONEY on CNBC, Jim Cramer had some international advice.  He wants portfolios to have Brazilians, but not the waxing type.  He has an oil play, a metals and mining play, a Latin American telecom play, and even a housing play.  Below are his picks and some of the stats for the stocks, and we followed up with some other recent Cramer picks for Brazil or Latin America and even threw in the more diversified ETF’s:

  • Petroleo Brasileiro (NYSE: PBR), or PetroBras, is Brazil’s integrated oil play that has quietly become one of the larger oil stocks with a $244 Billion market cap. At $111+, it spent much of this last week roughly 10% off of highs, and its 52-week trading range is $41.38 to $119.16.  This is also one of Ken Heebner’s long-term favorites in the sector.
  • Companhia Vale do Rio Doce (NYSE: RIO) is a diversified metals and mining company that operates globally, and its market cap is $146.6 Billion as of now.  At $30.35, its is nestled between its 52-week trading range of $15.57 to $38.32. 
  • Another of his picks for Brazil was actually the Mexico-based America Movil S.A.B. de C.V. (NYSE: AMX) as the wireless and fixed telecom play for all of Latin America.  This is a Carlos Slim entity, and its market cap is now $102 Billion.  This had roughly 150 million subscribers throughout Latin America.  Not bad for a company whose origins go all the way back to 2000, wait only 8-years?  On a split-adjusted basis this is still up 10-fold since coming public in February 2001.
  • The last Cramer pick in Brazil was homebuilder Gafisa S.A. (NYSE: GFA).  At $30.85 this market cap is only about $4 Billion, small for picks this week, and shares are nestled in a $20.67 to $42.74 range of the last year.  This one has barely been public for a year, and we had previously noted how this was Sam Zell’s investment down in Brazil. Apparently Brazil’s housing market growth is not yet having the same issues of over-inflated prices with poor overextended borrowers like in the U.S.  Hopefully they know to look north and now see what problems to avoid.

Another recent Cramer pick on Latin America was the individual and corporate e-commerce platform provider MercadoLibre (NASDAQ: MELI), although this one was battered and deep fried in recent weeks and we recently questioned whether or not you should buy the stock since it tapped the secondary markets this soon.  It is based in Argentina, but also has ‘clientes’ in Brazil and elsewhere in Latin America.  In the past Cramer also noted GOL as the airline of choice for Brazil.

We know that Cramer would rather have a diversified portfolio of roughly five large stocks at any time rather than mutual funds, but there are many diversified ways to play the Brazilian stock market without having to choose one of the individual stocks.  If investors want to diversify via ETF’s, there is always the iShares MSCI Brazil Index (NYSE: EWZ).  It closed at $75.11 Friday and its 52-week trading range is $39.80 to $87.67.

A way to partially play Brazil with more diversification is also the SPDR S&P BRIC 40 (AMEX: BIK), although as a "BRIC" play you have to understand that this is more geographically diversified as Brazil, Russia, India, and China. The iShares also has a similar one called the iShares MSCI BRIC Index (NYSE: BKF), and Claymore has the Claymore/BNY BRIC (AMEX: EEB).

Jon C. Ogg
February 9, 2008

Posted on: February 9, 2008 – 9:24 am in ADR, Cramer, ETF, International Markets, , , , , , ,

Pre-Market Analyst Calls (Oct. 3, 2007)

AMD started as Underweight at Morgan Stanley.
APH started as Buy at B of A.
ARW started as Neutral at B of A.
AVGN started as Neutral at Credit Suisse.
AVT started as Neutral at B of A.
CIEN raised estimates at Goldman Sachs; raised to Buy at Merrill Lynch.
CNX started as Buy at UBS.
CRL raised to Buy at UBS.
CVD cut to Peer Perform at Bear Stearns.
CYT cut to Hold at Jefferies.
CXG started as Buy at UBS.
DVAX started as Outperform at Credit Suisse.
GM raised to Neutral at B of A.
GMCR started as Outperform at Piper Jaffray.
GME cut to Hold at Citigroup.
GWW started as Neutral at B of A.
IART started as Outperform at RBC.
INTC started as Underweight at Morgan Stanley.
KALU raised to Outperform at Bear Stearns.
MOLX cut to Neutral at B of A.
MSM started as Neutral at B of A.
NDAQ started as Buy at Jefferies.
NRGN started as Neutral at Credit Suisse.
NVDA started as underweight at Morgan Stanley.
NVT cut to Neutral at B of A.
PH cut to Sell at UBS.
PMCS raised to Overweight at Morgan Stanley.
RIMM target raised to $100 at Credit Suisse.
RIO cut to Neutral at JPMorgan.
SKT started as Neutral at Goldman Sachs.
SVNT started as Outperform at Credit Suisse.
TD cut to Peer Perform at CIBC.
TKC raised to Buy at Merrill Lynch.
TEL started as Buy at B of A.
TIN raised to Overweight at Lehman.
WCC started as Buy at B of A.

Jon C. Ogg
October 3, 2007

Posted on: October 3, 2007 – 7:06 am in Analyst Calls, , , , , , , , , , , , ,

Top Earnings Next Week: July 30 & 31 (APC, FPL, HUM, MNST, OSTK, RSH, SUNW, VZ, AEP, ADP, AVR, BWLD, CMG, COH, RIO, FSLR, GM, IACI, IMCL, NVT, NMX, RNWK, RUTH, SIRI, UA, WFMI)

MONDAY, JULY 30, 2007
ABN AMRO (ABN)
Anadarko Petroleum Corp. (APC)
Archer Daniels Midland (ADM)
Cameco (CCJ)
FPL Group (FPL)
HSBC Holdings (HBC)
Humana (HUM)
Monster Worldwide (MNST)
Overstock.com (OSTK)
RadioShack Corp. (RSH)
Simon Property (SPG)
Statoil (STO)
Sun Microsystems (SUNW)
Principal Financial Group (PFG)
Tyson Foods (TSN)
Verizon (VZ)
Wm Wrigley (WWY)

TUESDAY, JULY 31, 2007
Alcan (AL)
American Capital Strategies (ACAS)
American Electric Power    (AEP)
Aon Corporation    (AOC)
Automatic Data Processing (ADP)
Aventine Renewable Energy (AVR)
Avon Products (AVP)
Buffalo Wild Wings, Inc. (BWLD)
CBS Corp. (CBS)
Chipotle Mexican Grill (CMG)
Coach, Inc. (COH)
Companhia Vale do Rio Doce-CVRD    (RIO)
Crown Castle International (CCI)   
CryoLife, Inc. (CRY)
Denny’s Corp. (DENN)
DreamWorks Animation SKG (DWA)
Encore Acquisition Company (EAC)
FEI Company (FEIC)
First Solar (FSLR)
Fresh Del Monte (FDP)
Gartner (IT)
General Cable Corp. (BGC)
General Motors (GM)
Headwaters Inc. (HW)   
IAC/Interactive (IACI)
ImClone Systems (IMCL)
IndyMac Bancorp    (IMB)
Liz Claiborne (LIZ)
Marathon Oil (MRO)
MetLife Inc. (MET)
NAVTEQ Corp. (NVT)
NCR Corp. (NCR)
Nicor Inc. (GAS)
Northwest Airlines (NWA)
NYMEX Holdings (NMX)
PMI Group (PMI)
RealNetworks (RNWK)
RenaissanceRe Holdings (RNR)
Ruth’s Chris Steak House (RUTH)
SiRF Tech (SIRF)   
Sirius Satellite Radio (SIRI)
St. Joe Company    (JOE)
Trimble Navigation (TRMB)
Tupperware Brands (TUP)
Turbochef (OVEN)
Under Armour (UA)
Valero Energy (VLO)
Vornado Realty Trust (VNO)
Waste Industries (WWIN)
Waste Management (WMI)
Watts Water Tech (WTS)
WebMD Health (WBMD)   
Whole Foods Market (WFMI)

We will be following up with many of these individually over the weekend and early in the week with full earnings previews.  Have a great weekend.

-The 24/7 Wall St., LLC team

Posted on: July 27, 2007 – 3:43 pm in Calendar, Earnings, , , , , , , , , , , , , , , , , , , , , , , , , ,

Market Trades For Super-Bulls, Chicken-Bulls, and Outright Bears

Stock Tickers: AAPL, GOOG, RIMM, BA, UTX, ATI, RTP, RIO, FLR, SGR, PEP, KO, BUD, CAG, HNZ, CPB, HRL, K, GIS, KFT, MCD, MRK, PFE, ALO, PYX, HME, WTR, SNH, SRZ, PG, CL, MO, RAI, CLX, NVO, BRK/A, FLO, DLM, PSQ, DOG, SSO, SH, BIL, IEI, TLT, TLH

There is more than enough bantering back and forth out there about the week’s sell-off in reaction to long-term interest rates and the Bill Gross predictions for potentially higher rates longer-term.  So, if you are a super-bull then you’d want to use the leadership stocks to pile surplus cash into thinking the world didn’t really change.  If you are a chicken-bull (want to buy but not overly aggressive and still cautious) then you want to buy defensive stocks.  If you’re a bear, well at least you get the 5% interest.  We wanted to provide at least a partial list of the bull and bear go-to picks ahead of the weekend when many will be doing extra amounts of reading.

Aggressive Bullish Picks

IF this was just an unwarranted sell-off that came because of a rate spook and if Mr. Gross is wrong, then you go hard and fast into what has been working before.  Aerospace, Infrastructure, Metals & Mining, very selective Tech.  So out of selective tech the two most obvious names are Apple (AAPL) and either Google (GOOG) or Research-in-Motion (RIMM).  In Aerospace the go-to names are Boeing (BA) and United Tech (UTX).  In metals its Allegheny Tech (ATI), Rio Tinto (RTP), and Companhia Vale do Rio Doce ‘CVRD’ (RIO).  In infrastructure the go-to names are Fluor (FLR), Shaw Group (SGR).  This week Jim Cramer gave his New Four Horsemen of Technology and booted the old ones.

Defensive Stock Plays For Chicken-Bull

Because this sell-off is for a different reason, we have eliminated the power companies because of the tie being so geared toward higher rates.  We’ve also pulled out the debt collection companies because they ran so much after the last sub-prime scare.  Here was the first line of 20 defensive stocks back in February from the mini-Asian meltdown and here was the list of second-line defensive names.   This still leaves plenty of options, and we added in a few more.

First Line Defensive Stocks: Coca-Cola (KO), PepsiCo (PEP), Anheuser-Busch (BUD), ConAgra (CAG), Heinz (HNZ), Campbell Soup (CPB), Hormel (HRL), Kellogg (K), General Mills (GIS), Kraft (KFT), McDonalds (MCD), Merck (MRK), Pfizer (PFE), P & G (PG), Colgate-Polmolive (CL), Altria (MO), Reynolds American (RAI), and Clorox (CLX).

Second-Line Defensive Stocks:  Berkshire Hathaway (BRK/a), Flowers Foods (FLO), Del Monte Foods (DLM), Novo Nordisk (NVO), Alpharma (ALO), Playtex (PYX), Home Properties (HME), Aqua America (WTR), and Senior Housing (SNH), Sunrise Senior Living (SRZ).

The Bearish Trades

If you are still bearish or are completely bearish, then you’ve got Treasuries and all of the inverse ETF funds.  Some of the negative market ETF trades that move invesrely are the SHORT QQQ PROSHARES (PSQ), SHORT DOW30 PROSHARES (DOG), ULTRA S&P500 PROSHARES (SSO), SHORT S&P500 PROSHARES (SH), and more.  For short-term rate ETF’s you have the fairly new STREETTRACKS SERIES TRUST Lehman 1-3 MO T-BILL (BIL).  The more liquid interest rate ETF’s that actually trade are the iShares Lehman 20+ Year Treas Bond (TLT), iShares Lehman 10-20 Year Treas Bond (TLH), iShares Lehman 3-7 Year T-Note (IEI), and more.

As a reminder, defensive stocks still tend to get hit when the market gets so bad that they throw out the baby with the bath water, but they usually start to fall less and less and are usually the first stocks that traders commit money to at the turns.  Defensive doesn’t mean immune.  Also, all of these are merely part of a partial list and the list could have easily been 3-times the size.   

Jon C. Ogg
June 8, 2007

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

Posted on: June 8, 2007 – 2:14 pm in ETF, Economy, HI/LOW, Shareholder Issues, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,