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Early Bird Analyst Downgrades (AAPL, RATE, COP, INFN, MOT, SMOD, TSCM, THO, WM, WGO)

247wallst — Mon, 29 Sep 2008 06:06:48 +0000

These are not all of the analyst downgrades this Monday morning, but these are some of the standout calls we have seen affecting shares early with more than two hours to the open:

Apple (AAPL) Cut to Equal Weight at Morgan Stanley.
Bankrate (RATE) Cut to Neutral at Merriman Curhan Ford.
ConocoPhillips (COP) Cut To Neutral at Goldman Sachs.
Infinera (INFN) Cut To Sell at Goldman Sachs.
Motorola (MOT) Cut to Hold at Citigroup.
Smart Modular Tech (SMOD) Cut to Hold at Deutsche Bank.
TheStreet.com (TSCM) Cut to Neutral at Merriman Curhan Ford.
Thor Industries (THO) Cut to Underperform at Baird.
Washington Mutual (WM) Cut to Underperform at KBW.
Winnebago Industries (WGO) Cut to Underperform at Baird.

Jon C. Ogg
September 29, 2008

Posted in Analyst Calls Tagged: AAPL, COP, INFN, MOT, RATE, SMOD, THO, TSCM, WGO, WM

Top Pre-Market Analyst Downgrades (CPHD, DRIV, FDRY, MAN, MLM, MPEL, MPS, SMOD, VMC)

247wallst — Wed, 10 Sep 2008 06:35:39 +0000

These are some of the top analyst downgrades we are seeing affecting shares of stock this morning:

Cepheid (CPHD) Cut to Neutral at Piper Jaffray.
Digital River (DRIV) Cut to Market Weight at Thomas Weisel.
Foundry Networks (FDRY) Cut to Neutral at Baird.
Manpower (MAN) Started as Sell at Deutsche Bank.
Martin Marietta (MLM) Cut to Neutral at JPMorgan.
Melco Crown (MPEL) Cut to Hold at Citigroup.
MPS Group (MPS) Started as Sell at Deutsche Bank.
Smart Modular (SMOD) Cut to Hold at Needham.
Vulcan Materials (VMC) Cut to Underweight at JPMorgan.

Jon C. Ogg
September 10, 2008

Pre-Market Stock News (December 20, 2007) (ACN, ATVI, ALTU, ARRY, ATHX, BSC, BX, CAKE, ECHO, INTU, FDX, MLHR, IDEV, LDK, LEG, LOCM, NKE, ORCL, PIR, RIMM, RAD, RUTH, SMOD, SCS, DEEP, TRB)

247wallst — Thu, 20 Dec 2007 08:02:20 +0000

This is not every bit of news on individual stocks but this is the major news affecting many shares in pre-market activity this Thursday morning:

Accenture (ACN) stock up 4% after posting $0.60 EPS vs. estimate of $0.56.
Activision (ATVI) again guided earnings higher.
Altus Pharmaceuticals (ALTU) traded down almost 20% after it reacquired ALTU-238 development and commercialization rights for North America from Genentech, an end to the development pact.
Array BioPharma (ARRY) traded down almost 20% after it announced initial results from a Phase II study comparing its monotherapy with temozolomide in the first-line treatment of advanced melanoma showed no apparent difference in efficacy for the primary endpoint.
Athersys (ATHX) and Angiotech announce authorization of Phase I stem cell trial for heart attacks.
Bear Stearns (BSC) expected to post first loss.
Blackstone (BX) plans to sell a $9 Billion CMBS offer backed by Hilton Hotels in Q1 2008.
Cheesecake Factory (CAKE) had a 10% stake taken by activist Nelson Peltz.
Electronic Clearing house (ECHO) getting acquired by intuit for $17.00 per share.
FedEx (FDX) $1.54 EPS vs. $1.50 estimates (had been lowered) but next quarter $1.15-1.30 vs. $1.38 est.; $6.40 to $6.70 for year bvs. $6.47 estimate.
Herman Miller (MLHR) $0.72EPS Vs. estimate of $0.59; stock rose about 10%.
Indevus Pharma (IDEV) trading down about 5% on a non-approvable letter from the FDA for VALSTAR NDA supplement (submitted May 2007).
Intuit (INTU) paying $131 Million for ECHO.
LDK Solar (LDK) $0.37 EPS on $157M revenues vs. $0.37/$143.22M est.; Q4 guidance $0.40-$0.41 on $180-$185M revenues vs. $0.41/$167.5M est.; stock indicated down 5%.
Leggett & Platt (LEG) stock down about 5% on lower guidance.
Local.com (LOCM) announced a strategic partnership with IAC/Interactive’s Citysearch; stock trading up 7% on news.
Nike (NKE) traded up 3% after $0.71 EPS on $4.3 Billion revenues vs. estimates $0.66/$4.3B.
Oracle (ORCL) traded up 6% after beating earnings and giving slightly higher guidance; sees enterprise spending lasting into 2008.
Pier 1 (PIR) -$0.11 EPS vs -$0.24 estimate.
Research-in-Motion (RIMM) reports earnings after the close today.
Rite Aid (RAD) indicated down about 5% after posting loss.
Ruths Chris (RUTH) gave an earnings warning.
Smart Modular Tech (SMOD) $0.18 EPS vs. $0.17 estimate.
Steelcase (SCS) $0.30 EPS vs. $0.28 estimate.
Superior Offshore (DEEP) signed a letter of intent with a strategic partner for ownership of a DP-III deepwater construction and dive support vessel expected to be delivered in late 2008.
Tribune (TRB) buyout supposedly set to close today.

Jon C. Ogg
December 20, 2007

The 52-Week Low Club

247wallst — Tue, 11 Sep 2007 15:47:50 +0000

King Pharmaceuticals (KG) One of the company’s patents found to be invalid. Down to $12.59 from 52-week high of $22.25.

Korn Ferry (KFY) Earnings and employment outlook not doing executive search firm any good. Down to $17.45 from 52-week high of $27.13.

New York Times Company (NYT) Stock get bad rating from Banc of America. Down to $20.21 from 52-week high of $26.90.

Applied Digital Solutions (ADSX) Majority holder of VeriChip (CHIP) who implantable chip technology creates cancer in animals. Down to $.88 from 52-week high of $2.82.

Smart Modular Technologies (SMOD) Chip maker offered disappointing preliminary fiscal fourth-quarter and 2007 results. Down to $6.86 from 52-week high of $15.89.

Active Power (ACPW) Power transport solutions shares just keep sliding. Down to $1.28 from $2.94.

Himax Technologies (HIMX) CFO of Taiwanese semiconductor-company named in class action suits. Drops to $3.53 from 52-week high of $7.10.

Douglas A. McIntyre