Posts for Ticker ‘SNDK’

Top 10 Analyst Upgrades, Downgrades, Initiations (AKS, APOL, BP, CRDN, RX, SNDK, STI, TGT, TXN, WYNN)

These are this Wednesday’s top 10 seen analyst upgrades, downgrades and initiations which we have seen from Wall Street research calls:

AK Steel (NYSE: AKS) Raised to Buy at Citigroup.
Apollo Group (NASDAQ: APOL) Cut to Neutral at BofA/Merrill.
BP plc (NYSE: BP) Cut to Hold at Citigroup; Raised to Neutral at Goldman Sachs.
Ceradyne (NASDAQ: CRDN) Raised to Market Perform at Wells Fargo.
IMS Health (NYSE: RX) Cut to Underperform at BofA/Merrill
SanDisk (NASDAQ: SNDK) Cut to Neutral at Goldman Sachs.
SunTrust (NYSE: STI) Raised to “Top Picks” list at Citigroup.
Target Corp. (NYSE: TGT) Raised to Buy from Sell at Citigroup.
Texas Instruments (NYSE: TXN) Raised to Buy at Goldman Sachs.
Wynn Resorts Ltd. (NASDAQ: WYNN) Raised to Outperform at Oppenheimer.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG
OCTOBER 28, 2009

Posted on: October 28, 2009 – 7:29 am in Analyst Calls, , , , , , , , , ,

Top Day Trader Alerts (YHOO, ISRG, PLCM, SNDK, FNM, FRE)

These are this morning’s top pre-market day trader alert stocks for Wednesday.  We have more detailed analysis and data on each stock linked through to VSInvestor.com:

Yahoo! Inc. (NASDAQ: YHOO) is trading up at 52-week highs after earnings.

Intuitive Surgical Inc. (NASDAQ: ISRG) is a huge point loser, but down 5% after earnings.

Polycom Inc. (NASDAQ: PLCM) is the biggest loser by percentages this morning after earnings.

SanDisk Corporation (NASDAQ: SNDK) is still up, but off its after-hours highs, after blowing out earnings.

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are trying to make it three in a row after that ZERO VALUE call from KBW on Monday.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG
OCTOBER 21, 2009

Posted on: October 21, 2009 – 9:04 am in After-Hours Activity, Pre-Market Activity, Trading Alert, , , , , ,

SanDisk Smokes Estimates (SNDK)

SanDisk LogoSanDisk Corp. (NASDAQ: SNDK) was already a screamer as shares were up a massive 300% from their 52-week lows due to a return to profitability in the June quarter (2 quarters early).  The flash memory leader just posted earnings of $0.75 in non-GAAP EPS and $935 million in revenues.  Thomson Reuters had estimates of $0.26 EPS and $787.9 million in revenues.
Read More »

Posted on: October 20, 2009 – 4:18 pm in Earnings, Semiconductor, Technology Companies,

Major Tech Earnings on Deck (AAPL, TXN, SNDK, STX, WDC, YHOO, EBAY, VMW, EMC, AMZN, BRCM, JNPR, SYNA, MSFT)

This week is going to make last week’s earnings flood look like elementary school.  We have the floodgates opening for technology, web, software, hardware, and IT, and 24/7 Wall Street has previewed 14 of the top technology stocks that are on deck to report earnings this coming week:  Apple Inc. (NASDAQ: AAPL), Texas Instruments Inc. (NYSE: TXN), SanDisk Corp. (NASDAQ: SNDK), Seagate Technology (NASDAQ: STX), Western Digital Corp. (NYSE: WDC), Yahoo! Inc. (NASDAQ: YHOO), eBay Inc. (NASDAQ: EBAY), VMware, Inc. (NYSE: VMW), EMC Corp. (NYSE: EMC), Amazon.com, Inc. (NASDAQ: AMZN), Broadcom Corp. (NASDAQ: BRCM), Juniper Networks, Inc. (NASDAQ: JNPR), Synaptics Inc. (NASDAQ: SYNA), and Microsoft Corporation (NASDAQ: MSFT).

We have provided the first details for earnings, Thomson Reuters consensus data, added color of our own on the earnings trends, listed key issues to watch, and included the performance from the June 30 close and from the March 9 close that traders are using as the key pivotal turning day where the bear market died and a new bull market run began.
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Posted on: October 17, 2009 – 11:25 am in Calendar, Earnings, Internet, Semiconductor, Technology Companies, , , , , , , , , , , , , , ,

Media Digest 10/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters: The healthcare plan is about to take a step forward in Congress.

Reuters:   The debt swap at CIT (NYSE:CIT) is in trouble and could cause bankruptcy.

Reuters:   Summers says Obama policies saved economy. Read More »

Posted on: October 13, 2009 – 3:58 am in Press Digest, , , , , , , , , , , ,

Top Analyst Downgrades (BRCD, DPS, DWA, EL, NOK, SNDK, VE)

These are the early-bird analyst downgrades and cautious research calls we have seen from Wall Street this Monday morning:

Brocade Communications (BRCD) Cut to Perform at Oppenheimer.
Dr. Pepper Snapple Group, Inc. (DPS) Cut to Hold at Deutsche Bank.
Dreamworks (DWA) Cut to Market Weight at Thomas Weisel.
Estee Lauder (EL) Cut to Conviction Sell List, but was already Sell, at Goldman Sachs.
Nokia (NOK) Cut to Neutral at HSBC.
SanDisk (SNDK) Cut to Sell at UBS.
Veolia Environment (VE) Cut to Neutral at HSBC.

JON C. OGG

Posted on: October 12, 2009 – 7:12 am in Analyst Calls, , , , , , ,

Top Analyst Upgrades (COF, EBAY, GS, JBLU, LTM, MA, SNDK, UPS, WYNN)

There are still many upgrades coming considering the light and shortened week.  These are this Wednesday’s top early bird analyst upgrades and positive research calls that we have seen:

Capital One (COF) Raised to Buy at Citi.
eBay (EBAY) Raised to Outperform at Bernstein.
Goldman Sachs (GS) Raised to Outperform at JMP Securities.
Jetblue (JBLU) Raised to Buy at Argus.
Life Time Fitness (LTM) Started as Buy at Jefferies.
Mastercard (MA) Raised to Hold at Citi.
SanDisk (SNDK) Raised to Buy at Deutsche Bank.
UPS (UPS) Raised to Overweight at JPMorgan.
Wynn Resorts (WYNN) Raised to ‘Perform’ at Oppenheimer.

JON C. OGG

Posted on: September 9, 2009 – 8:18 am in Analyst Calls, , , , , , , , ,

Top Day Trader Alerts (MEDX, ISRG, OREX, CELG, EBAY, SNDK, PSUN, QCOM)

The following are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com:

Medarex Inc. (Nasdaq: MEDX) shares are up about 90 percent after Bristol-Myers Squibb Co. (NYSE: BMY) said it plans to buy the company for $2.4 billion, or $16 a share.

Pacific Sunwear of California Inc. (Nasdaq: PSUN) shares are getting hit on a second-quarter warning.

Orexigen Therapeutics Inc. (Nasdaq: OREX) shares are falling, and are among the most actively traded Nasdaq stocks after the company proposed a 9 million-share offering.

Celgene Corp. (Nasdaq: CELG) shares are up more than 10 percent on stronger-than-expected revenue and net procedure sales growth.

Intuitive Surgical Inc. (Nasdaq: ISRG) shares are up strongly on better-than-expected earnings and strong procedure growth guidance.

eBay Inc. (Nasdaq: EBAY) shares are up after beating quarterly expectations and guiding third-quarter revenue slightly higher.

SanDisk Corp. (Nasdaq: SNDK) shares are down after it beat Q2 expectations, but gave cautious guidance.

Qualcomm Inc. (Nasdaq: QCOM) shares are falling after it beat expectations, but only guided in-line, amid analyst concerns about average selling prices.

– The 24/7 Wall St. Team

Posted on: July 23, 2009 – 7:47 am in Pre-Market Activity, Trading Alert, , , , , , , ,

SanDisk Made Money… Can It Be? (SNDK)

SanDisk LogoFlash memory giant SanDisk Corp. (NASDAQ: SNDK) posted a surprise profit.  Earnings were $52.5 million, or $0.23 EPS, but its non-GAAP earnings were $0.36 EPS.  That compares to a loss of $73.75 million a year ago.  Revenues came in down almost 10% at $730.5 million from $816 million a year ago.  Thomson Reuters had the non-GAAP consensus as a loss of -$0.16 EPS and $709.69 million in revenues.  It is almost hard to believe after so much weakness has become the norm, but the company noted increased pricing, higher royalty revenue, and strong execution.
Read More »

Posted on: July 22, 2009 – 4:21 pm in Earnings, Semiconductor,

Top Day Trader Alerts (BAC, C, BEAT, OSIP, BEAT, SNDK, RINO, CPHD, JASO)

These are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com:

Banking stocks including Bank of America (NYSE: BAC) are up based on the Goldman upgrade from Meredith Whitney….

CardioNet Inc. (Nasdaq: BEAT) shares are down as much as 30 percent after withdrawing guidance.

OSI Pharmaceuticals Inc. (Nasdaq: OSIP) shares are rising following new data from its Phase III Saturn study of Tarceva.

SanDisk Corp. (Nasdaq: SNDK) shares are rising on a Thomas Weisel upgrade.

Rino International (Nasdaq: RINO) shares are rising after it was granted a Nasdaq Global Markets listing.

Cephid (Nasdaq: CPHD) shares are up after it received the FDA’s OK for a new test.

JA Solar Holdings Co. (Nasdaq: JASO) shares are up on a Needham & Co. initiation.

-The 24/7 Wall St. Team

Posted on: July 13, 2009 – 8:08 am in Pre-Market Activity, Trading Alert, , , , , , , ,

Top Analyst Upgrades and Downgrades (BBY, CPLA, GS, HGSI, MAR, SNDK, SGMS)

These are the top pre-market upgrades and downgrades seen early this Monday morning ahead of the earnings season rush:

Best Buy (BBY) Raised to Outperform at Oppenheimer.
Capella Education (CPLA) Cut to Neutral at Creedit Suisse.
Goldman Sachs (GS) Raised to Buy by Meredith Whitney.
Human Genome Science (HGSI) Cut to Neutral at UBS.
Marriott (MAR) Raised to Outperform at JMP Securities.
Royal Bank of Scotland (RBS) Raised to Neutral from Sell at UBS.
SanDisk (SNDK) Raised to Overweight at Thomas Weisel.
Scientific Games (SGMS) Raised to Overweight at JPMorgan.

Jon C. Ogg
July 10, 2009

Posted on: July 13, 2009 – 6:50 am in Analyst Calls, , , , , , ,

Asia Markets And Europe Open 6/11/2009

chinaMarket in Asia were mixed.

The Nikkei dropped 10% to 9,961.

The Hang Seng dropped .4% to 18,718.

The Shanghai Composite fell .7% to 2,798.

At the open in Europe, the FTSE was down .3% to 4,422. The Dax was down .3% to 5,064. The CAC 49 dropped .3% to 3,306. HSBC (HBC) was up as bank shares rose. Among research calls Candisk (SNDK) was upped to neutrel from sell at Goldman Sachs (GS).

Data from Reuters and MarketWatch.

Douglas A. McIntyre

Posted on: June 11, 2009 – 2:20 am in International Markets, , , ,

Cramer’s Mobile Web & Digital TV Stocks (AAPL, RIMM, PALM, QCOM, ADI, BRCM, MRVL, RFMD, SNDK, STAR, SWKS, TXN, RSH)

Cramer ImageIf you are a fan of and an investor in the mobile web via smartphones and portable devices, then you do not even have to be a dedicated fan of Jim Cramer to become a fan of Jim Cramer for at least the time being.  On tonight’s MAD MONEY on CNBC, Cramer endorsed this move to the mobile web as the next investor opportunity as huge opportunity for many companies in the space.  But he also noted that he wants to buy the tech companies on pullbacks as he thinks the market for technology stocks is taking a little breather here.  Cramer believes that there is room for all of these major companies to make major cash as a result of the switch to newer and fast smartphones and mobile web devices.  He thinks there is room for all companies like Apple Inc. (NASDAQ: AAPL) for the iPhone, Research in Motion (NASDAQ: RIMM) for the Blackberry, and Palm Inc. (NASDAQ: PALM) for the new Pre smartphone.  He also noted QUALCOMM Inc. (NASDAQ: QCOM) as a winner in the space.
Read More »

Posted on: June 10, 2009 – 5:52 pm in Consumer Electronics, Cramer, Internet, Semiconductor, Technology Companies, WiMAX, Wireless, , , , , , , , , , , , ,

Short Interest In Banks Plunges

bankThe short interest in most large banks fell very sharply for the period ending May 29, an indication that traders believe that TARP repayments and ongoing strong earnings mean the fate of American financial firms will continue to improve.

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Posted on: June 10, 2009 – 5:46 am in Short Interest, , , , , , , , , , , , , , , , ,

SanDisk Embraces ‘Less-Bad’ Notion (SNDK)

sandisk-logo2SanDisk Corp. (NASDAQ: SNDK) reported earnings of -$0.48 in non-GAAP EPS on a 22% revenue decline to $659 million.  Estimates from Thomson Reuters were -$0.76 EPS on $537.7 million in sales for the quarter.  The company noted that it is encouraged that industry supply and demand balance is becoming better aligned  resulting in higher flash pricing.

We did not see guidance, so consider this unfinished business until the conference call is complete.

Shares closed up 2.3% at $13.71 today and their 52-week trading range is $5.07 to $33.17; so far we are seeing the stock up at $14.60 in after-hours trading.

JON C. OGG

Posted on: April 21, 2009 – 3:10 pm in Earnings, Semiconductor,

Can SanDisk Win As Spansion Goes Bankrupt? (SNDK, SPSN, AMD)

burning-money-pic2Spansion Inc. (NASDAQ: SPSN) is toast.  At least that is the case for shareholders.  The maker and designer of flash memory chips has filed for Chapter 11 bankruptcy protection.  Spansion was not the largest player in the sector, but you have to wonder if competitors like SanDisk Corp. (NASDAQ: SNDK) and others could actually come out ahead while Spansion is suffering through bankruptcy.
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Posted on: March 2, 2009 – 10:48 am in Semiconductor, Turnarounds, , ,

Media Digest 2/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaper1According to Reuters, the White House is finishing a bank rescue package , that involves investment by private equity.

Reuters reports that a poll of analysts cut Q2 earnings forecasts.

Reuters reports that Amazon (AMZN) launched a new Kindle Read More »

Posted on: February 10, 2009 – 4:05 am in Press Digest, , , , , , , , , , , , , , ,

Media Digest 2/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

NewspaperAccording to Reuters, Bank of America (BAC) and Merrill Lynch did agree on a bonus package for employees before the merger. There had been questions about the approval.

Reuters reports that January could make a new low in retail sales.

Reuters writes that Citigroup (C) is considering breaking its deal with the NY Mets for stadium naming rights.

Read More »

Posted on: February 3, 2009 – 4:02 am in Press Digest, , , , , , , , , , , , , ,

Tough Times At Sandisk (SNDK)

R218533_855025SanDisk reported Q4 net loss of $1.86 billion, or $8.25 a share, compared with a net profit of $106 million, or $.45, in the same period a year ago.. Revenue was $863.9 million, down from $1.25 billion.

SNDK results included $1.91 billion in one-time expenses, including $1.02 billion for a combined pre-tax goodwill and intangible asset impairment charge. That made the adjusted net loss $1.65 a share. Analysts had expected Sandisk to post a net loss of $.60 a share, on revenue of $766.7 million, according to a consensus estimate by Thomson Reuters

Douglas A. McIntyre

Posted on: February 2, 2009 – 4:26 pm in Earnings Warning,

Top Analyst Downgrades (AVP, CAH, ETR, ETFC, F, IP, ITRI, LAB, NDAQ, NYX, SNDK, WYN)

Burning_money_picThese are some of the top pre-market analyst downgrades and negative calls we have seen on Wall Street this morning:

  • Avon Products (AVP) Cut to Neutral at Goldman Sachs.
  • Cardinal Health (CAH) Cut to Neutral at Goldman Sachs.
  • Entergy (ETR) Cut to Hold at Jefferies.
  • E*TRADE (ETFC) Cut to Equal Weight at Barclays.
  • Ford (F) Cut to Underweight at Barclays.
  • International Paper (IP) Cut to Sell at Goldman Sachs.
  • Itron (ITRI) Cut to Neutral at UBS.
  • LaBranche (LAB) Cut to Neutral at Goldman Sachs.
  • NASDAQ: OMX (NDAQ) Cut to Neutral at Goldman Sachs.
  • NYSE (NYX) Cut to Sell at Goldman Sachs; Cut to Market Perform at KBW.
  • SanDisk (SNDK) Cut to Sell at Auriga.
  • Wyndam Worldwide (WYN) Cut to Neutral at Goldman Sachs.

Jon C. Ogg
February 2, 2009

Posted on: February 2, 2009 – 7:45 am in Analyst Calls, , , , , , , , , , , ,