Posts for Ticker ‘SFD’

Top Analyst Downgrades (ARB, DB, ETFC, FPL, HXL, M, SFD, UA, ZUMZ)

These are most of the top early bird pre-market downgrades and negative research calls we have seen from Wall Street analysts this Wednesday morning:

Arbitron (ARB) Cut to Neutral at JPMorgan.
Deutsche Bank (DB) Cut to Underperform at Credit Suisse.
E*TRADE (ETFC) Cut to Underperform at FBR.
FPL Group (FPL) Cut to Hold at KeyBanc.
Hexcel (HXL) Cut to Hold at Deutsche Bank.
Macy’s (M) Cut to Neutral at JPMorgan.
Smithfield Foods (SFD) Cut to Underweight at Barclays.
Under Armour (UA) Cut to Sell at Wedbush Morgan.
Zumiez (ZUMZ) Cut to Sell at UBS.

JON C. OGG

Posted on: April 29, 2009 – 6:55 am in Analyst Calls, , , , , , , , ,

Early Bird Analyst Upgrades & Downgrades (CBY, CNP, DLTR, PHG, SFD, AGU, AIB, AAUK, IRE, CETV)

money-stack-image1These are the early bird analyst calls with upgrades and downgrades from Wall Street this morning with about two and a half hours until the market opens:

Cadbury (CBY) Raised to Buy at Jefferies.
CenterPoint Energy (CNP) Raised to Buy at Jefferies.
Dollar Tree (DLTR) Raised to Overweight at JPMorgan.
Philips (PHG) Raised to Neutral from underweight at HSBC.
Smithfield Foods (SFD) Raised to Overweight at JPMorgan.
Agrium (AGU) Cut to Neutral at UBS.
Allied Irish Banks (AIB) Cut to Sell at Citigroup.
Anglo American (AAUK) Cut to Underweight at JPMorgan.
Bank of Ireland (IRE) Cut to Sell at Citigroup.
Central European Media (CETV) Cut to Underweight at Thomas Weisel.

Jon C. Ogg
February 26, 2009

Posted on: February 26, 2009 – 7:10 am in Analyst Calls, , , , , , , , , ,

Pre-Market Analyst Upgrades & Downgrades (ADSK, CVA, SFD, MMM, ATU, BLK, CBEY, ITW, RFMD, ROP, UPS)

These are some of the top pre-market analyst upgrades and downgrades we are seeing this Tuesday morning:

  • AutoDesk (ADSK) Started as Buy at KeyBanc.
  • Covanta (CVA) Started as Buy at Jefferies.
  • Smithfield Foods (SFD) Raised to Buy at Deutsche Bank.
  • 3M (MMM) Cut to Underweight at Barclays.
  • Actuant (ATU) Cut to Neutral at Baird.
  • BlackRock (BLK) Cut to Market Perform at Wachovia.
  • Cbeyond (CBEY) Cut to Underperform at Jefferies.
  • Illinois Tool Works (ITW) Cut to Underweight at Barclays.
  • RF Micro Devices (RFMD) Cut to Neutral at UBS.
  • Roper (ROP) Cut to Hold at Citigroup.
  • UPS (UPS) Cut to Neutral at JPMorgan.

Jon C. Ogg
December 9, 2008

Posted on: December 9, 2008 – 7:40 am in Analyst Calls, , , , , , , , , , ,

The 52-Week 9/26/2008 (MRVL)(RIMM)(WM)(JAVA)(SFD)(NCC)

Sad_clownWashington Mutual (WM) Shut down by feds. Drops to $.148 from 52-week high of $26.47.

Smithfield Foods (SFD) Credit concerns. Sells down to $13.95 from 52-week high of $32.26.

Sun (JAVA) Company shares continue to drift off on growth worries. Falls to $7.52 from 52-week high of $25.04.

Research in Motion (RIMM) Misses Wall St. forecast numbers. Plunges to $69.50 from 52-week high of $148.13.

NCC (NCC) Picks up worries from Washington Mutual collapse. Down to $2 from 52-week high of $27.21.

Marvell Tech (MRVL) Key supplier to RIMM. Drops to $9.57 from 52-week high of $18.84.

Posted on: September 26, 2008 – 2:40 pm in HI/LOW, , , , , ,

Top Pre-Market Analyst Downgrades (BBY, BBBY, CC, DELL, HPQ, JNS, LIZ, LSI, PIR, RACK, RSH, SFD)

These are some of the top Downgrades or negative calls we are seeing early this Tuesday morning.  Neutral and Hold ratings are not technically negative, but they aren’t ringing endorsements either.

  • Best Buy (BBY) Started as Hold at KeyBanc.
  • Bed Bath & Beyond (BBBY) Started as Hold at KeyBanc.

Read More »

Posted on: August 5, 2008 – 6:25 am in Analyst Calls, , , , , , , , , , , , ,

The 52-Week Low Club (ABK)(WM)(HUN)(IGT)(AEO)(SFD)

Smithfield Foods (SFD) S&P downgrades due to credit problems. Falls to $19.75 from 52-week high of $24.69.

American Eagle Outfitters (AEO) President of the company is leaving, and retail is poor. Falls to $13.37 from 52-week high of $28.28.

International Game Technology (IGT) Morgan Stanley downgrades after earnings. Sells down to $24.38 from 52-week high of $49.41.

Huntsman (HUN) Still falling after failed IPO. Down to $9.76 from 52-week high of $28.40.

Washington Mutual (WM) Still grave concerns about write-offs. Drops to $4.65 from 52-week high of $44.04.

Ambac (ABK) More worries about future credit agency downgrades. Dips ot $1.60 from 52-week high of $88.65.

Douglas A. McIntyre

Posted on: June 27, 2008 – 2:47 pm in HI/LOW, , , , , ,

Cramer’s Piggy Call (HRL, SFD)

On tonight’s MAD MONEY on CNBC, Jim Cramer was going over his play on how to win from lower hog prices.  Apparently pigs and hogs were not slaughtered enough and the breeding drove up supply.  He had two stocks he likes in this:

  • Smithfield Foods (NYSE: SFD)
  • Hormel Foods Corp. (NYSE: HRL)

But he really likes Hormel better, and noted strong Spam sales and other brands.  He thinks they have better exposure to the savings off of a supply surge in pork as it buys more of its pork than Smithfield.  He also noted that the company beat earnings estimates.  He noted that Hormel probably only has $3.00 downside here, but it’s probably going to $48.00.

Sometimes you can’t make this up, even though it makes sense when defensive stocks still rule.  This was actually one of our own defensive stocks we track, although it isn’t currently on our defensive stocks with a value tone for the start of this year.

Jon C. Ogg
March 12, 2008

Posted on: March 12, 2008 – 5:25 pm in Cramer, Food, ,

Pre-Market Stock News (June 7, 2007)

(A) Agilent reiterated guidance after completing Stratagene buyout.
(ADCT) ADC Telecom trading up 3% after posting $0.35 EPS vs $0.24 estimates.
(ANN) Ann Taylor May s-s-s -4.6% versus -3.1% estimate.
(ATVI) Activision will take $66.7 million non-cash and pre-tax charge for options back-dating.
(BEBE) Bebe Stroes May s-s-s -3% versus -2.8% estimate.
(BHI) Baker Hughes rig count rose 23 to 1,007 versus April and up from 920 in May 2006.
(BMET) Biomet’s private equity buyout raised to $46.00.
(CALL) CallWave announced the ‘industry’s first’ Visual Voicemail gadget for Google Personalized Homepage.
(CHINA) CDC Corp. appointed two new directors.
(COST) CostCo s-s-s were +7% in May, above 5.5% estimates.
(DJ) Dow Jones may have some interest from owner of Philadelphia Inquirer.
(DSCO) Discovery Laboratories initiated a Phase II clinical trial evaluating the use of Surfaxin in children up to two years of age suffering from Acute Respiratory Failure.
(ESLT) Elbit Systems awarded $110 million order by Thales UK to provide ISTAR capability for UK armed forces.
(FINL) Finish Line guided Q1 earnings below estimates and now sees a loss.
(HGSI) Human Genome Sciences shows positive final results Of Phase 2b trial of Albuferon
(IDEV) Indevus Pharmaceuticals reports positive data from Phase III NEBIDO trial for development for the treatment of male hypogonadism.
(INFN) Infinera Corp. IPO priced 14M shares at $13.00, above the 410.00 to $12.00 range.
(IMMC) Immunicon has released highlights from podium presentations made at ASCO meeting.
(JOSB) Jos. A. Banks may s-s-s +13.5% versus +4% estimate.
(JCP) JC Penney May s-s-s -2% vs +0.3% estimates.
(JWN) JW Nordstrom’s May s-s-s +6.3% versus +2.6% estimate.
(LTD) Limited Brands May s-s-s _2% vs -1% estimate.
(MSFT) Microsoft has entered a cross license pact with LG Electronics for further development of current and future product lines.
(OPTT) Ocean Power Tech awarded a $1.7 million Navy order for its PowerBuoys.
(SFD) Smithfield Foods $0.34 EPS vs $0.34e; named new CFO.
(SHRP) Sharper Image May s-s-s -8% vs -13% estimate.
(UTIW) UTI Worldwide $0.18 EPS vs $0.16e.
(WMT) Wal-Mart s-s-s +1.1% vs 1.2% estimate; sales were +1.3% after fuel.
(YANB) Yardville National gets $35.00 buyout from PNC.

Jon C. Ogg
June 7, 2007

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

Posted on: June 7, 2007 – 7:20 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Pre-Market Stock News (May 30, 2007)

(AAPL) Apple trading up 0.5% after Morgan Stanley raised its $110 target to $150.
(BGP) Borders Group posted a -$0.51 EPS loss vs. -$0.38e.
(BIIB) Biogen Idec announced up to $3 Billion in share repurchases.
(CDWC) CDW agrees to be acquired by Madison Dearborn Partners for $87.75 in cash.
(CWTR) Coldwater Creek trading up more than 10% after beating earnings expectations.
(DBRN) Dress Barn said May comparable s-s-s rose 10%.
(DNDN) Dendreon hit with a class action lawsuit.
(ESEA) Euroseas traded up close to 10% after the Greek shipping company doubled earnings.
(ESPD) eSpeed is being combined by Cantor Fitzgerald with Cantor’s BGC unit in what is said to be a $1.3 Billion deal, although this is sort of a zero sum game to ESPD holders on the surface.
(HGSI) Human Genome Sciences announces that dosing has begun in BLISS-52, the second of two pivotal Phase 3 clinical trials of LymphoStat-B in patients with active lupus.
(ICE) IntercontinentalExchange and CBOE have confirmed an agreement regarding CBOE exercise rights as part of the planned merger between ICE and Chicago Board of trade and sign an agreement in principle.
(LYO) Lyondell announced a $500M note offering.
(MNST) Monster’s job search will now be available through the Comcast portal.
(MSFT) Microsoft has introduced a new touch screen PC called “Surface” that is essentially a coffee table.
(PAY) VeriFone fell 4% after missing expectations and after “raised guidance” looked shy.
(PHM) Pulte Homes announced a 16% workforce cut.
(SFD) Smithfield Foods fell 5% after earnings warning.
(WSM) William Sonoma $0.16 EPS vs $0.13e.

Jon C. Ogg
May 30, 2007

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

Posted on: May 30, 2007 – 7:09 am in Pre-Market Activity, , , , , , , , , , , , , , , , , ,