Posts for Ticker ‘STM’

Top 10 Analyst Upgrades, Downgrades, Initiations (CHK, EOG, FFIV, FCX, MOT, NVLS, SAP, STJ, STM, TSCO)

These are this Thursday morning’s top ten analyst upgrades, downgrades, and initiations we have seen from Wall Street research calls:

Chesapeake Energy (NYSE: CHK) Cut to Neutral at UBS.
EOG Resources (NYSE: EOG) Cut to Neutral at UBS.
F5 Networks (NASDAQ: FFIV) Raised to Neutral at UBS; Raised to Buy at Canaccord Adams.
Freeport McMoRan (NYSE: FCX) Raised to Buy at Deutsche Bank.
Motorola (NYSE: MOT) Raised to Overweight at Thomas Weisel.
Novellus Systems (NASDAQ: NVLS) Raised to Hold at Deutsche Bank.
SAP AG (NYSE: SAP) Cut to Neutral from Buy at Bank of America Merrill Lynch.
St. Jude Medical (NYSE: STJ) Raised to Buy at UBS.
STMicroelectronics NV (NYSE: STM) Cut to Sell at RBS.
Tractor Supply Co. (NASDAQ: TSCO) Cut to Underweight at Piper Jaffray.

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JON C. OGG
OCTOBER 22, 2009

Posted on: October 22, 2009 – 8:13 am in Analyst Calls, , , , , , , , , ,

Morgan Stanley’s Key Technology Upgrades & Downgrades (IBM, DELL, CTXS, ADSK, NVLS, TXN, STM, PMCS, QLGC, LRCX, XLNX)

Bull and Bear ImageMorgan Stanley has made several key downgrades in technology, as well as a few lesser upgrades.  Both IBM (NYSE: IBM) and Dell Inc. (NASDAQ: DELL) were downgraded to Equal-Weight from Overweight.  Also cut to underweight were Citrix Systems (NASDAQ: CTXS) and Autodesk (NASDAQ: ADSK).  Novellus Systems (NASDAQ: NVLS) and Texas Instruments (NYSE: TXN) were downgraded to Equal-Weight from Overweight; and STMicroelectronics (NYSE: STM) was cut to Underweight.

There were actually a few Morgan Stanley upgrades in the broader call as well.  PMC-Sierra (NASDAQ: PMCS), QLogic (NASDAQ: QLGC), Lam Research (NASDAQ: LRCX) and Xilinx (NASDAQ: XLNX) were all raised to Overweight.

JON C. OGG

Posted on: September 8, 2009 – 9:01 am in Analyst Calls, Software, Technology Companies, , , , , , , , , , ,

Top 10 Analyst Upgrades and Downgrades (APD, CHTT, CTXS, FCX, PLAB, QCOM, SAP, PCU, STM, HOT)

These are the top ten pre-market analyst upgrades, downgrades, and initiations we have seen from Wall Street analysts this Wednesday morning with about two and a half hours until the market opens:

  • Air Products (APD) Raised to Buy at KeyBanc.
  • Chattem (CHTT) Cut to Hold at Jefferies.
  • Citrix Systems (CTXS) Cut to Perform at Oppenheimer.
  • Freeport-McMoRan (FCX) Raised to Buy at Citigroup.
  • Photronics (PLAB) Raised to Buy at UBS.
  • Qualcomm (QCOM) Started as Outperform at Morgan Keegan.
  • SAP (SAP) Raised to Buy at Jefferies.
  • Southern Copper (PCU) Raised to Hold at Citigroup.
  • STMicro (STM) Raised to Buy at BofA/Merrill.
  • Starwood Hotels (HOT) Cut to Underperform at Baird.

JON C. OGG
JULY 8, 2009

Posted on: July 8, 2009 – 6:16 am in Analyst Calls, , , , , , , , , ,

Analysts Changing Semiconductor Ratings (ALTR, AMCC, ASML, BRCM, LSCC, MRVL, WFR, MU, PMCS, STM, XLNX)

We have seen many semiconductor and circuit calls this morning with upgrades and downgrades from Wall Street analysts.  Here are some of these upgrades and downgrades:

Altera (ALTR) Cut to Underweight at Morgan Stanley.
Applied Micro Circuits (AMCC) Cut to Underweight at Morgan Stanley.
ASML (ASML) Cut to Neutral at Goldman Sachs.
Broadcom (BRCM) Raised to Overweight at Morgan Stanley.
Lattice Semiconductor (LSCC) Cut to Underweight at Morgan Stanley.
Marvell Tech (MRVL) Raised to Overweight at Morgan Stanley.
MEMC (WFR) Raised to Equal Weight at Morgan Stanley.
Micron Technology (MU) Raised to Overweight at Morgan Stanley.
PMC-Sierra (PMCS) Cut to Equal Weight at Morgan Stanley.
STMicroelectronics (STM) Raised to Buy at Goldman Sachs.
Xilinx (XLNX) Cut to Underweight at Morgan Stanley.

JON C. OGG

Posted on: May 18, 2009 – 6:45 am in Analyst Calls, Semiconductor, , , , , , , , , , ,

Early Bird Analyst Upgrades & Downgrades (A, GNTX, PFE, AA, AGN, HOG, PBH, SSS, STM, TEN)

Money_stack_picThese are some of the top early bird upgrades and downgrades we have seen from Wall Street analysts this Monday morning:

  • Agilent (NYSE: A) Raised to Outperform at Baird.
  • Gentex (NASDAQ: GNTX) Raised to Outperform at Baird.
  • Pfizer (NYSE: PFE) Raised to Neutral at Goldman Sachs.
  • Alcoa (NYSE: AA) Cut to Sell at Deutsche Bank.
  • Allergan (NYSE: AGN) Cut to Hold at Lazard.
  • Harley-Davidson (NYSE: HOG) Cut to Sell at Goldman Sachs.
  • Prestige Brands (NYSE: PBH) Cut to Underweight at JPMorgan.
  • Sovran Self Storage (NYSE: SSS) Cut to Underperform at Oppenheimer.
  • STMicroelectronics (NYSE: STM) Cut to Sell at UBS.
  • Tenneco (NYSE: TEN) Cut to Market Perform at Wachovia.

Jon C. Ogg
January 12, 2009

Posted on: January 12, 2009 – 7:31 am in Analyst Calls, , , , , , , , , ,

Top Pre-Market Analyst Upgrades & Downgrades (ACN, ACL, BHP, PGI, ASML, IPAR, ITRN, STM)

It is looking fairly quiet on the analyst research front this Monday morning.  Here are today’s early bird upgrades and downgrades from Wall Street analysts:

  • Accenture (ACN) Raised to Buy at SocGen.
  • Alcon (ACL) Raised to Outperform at Wachovia.
  • BHP Billiton (BHP) reinitiated as Buy at SocGen.
  • Premiere Global Services (PGI) Raised to Outperform at Oppenheimer.
  • ASML Holding N.V. (ASML) Started as Underperform at Jefferies.
  • Inter Parfums, Inc. (IPAR) Cut to Neutral at HSBC.
  • Ituran Location and Control, Ltd. (ITRN) Cut to Neutral at JPMorgan.
  • STMicro (STM) Cut to Sell at SocGen; targets cut at JPMorgan and UBS as well.

Jon C. Ogg
December 1, 2008

Posted on: December 1, 2008 – 7:20 am in Analyst Calls, , , , , , , ,

Day Trader Alert: Big Pre-Market Drops on Guidance (MOLX, STM, VPRT, WSM)

Down_arrow_redWe have seen earnings disappointments or guidance disappointments from many companies over the recent weeks.   Molex Inc. (NASDAQ: MOLX), STMicroelectronics N.V. (NYSE: STM), VistaPrint (NASDAQ: VPRT), and Williams-Sonoma (NYSE: WSM) are all trading lower this morning after their earnings and guidance.

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Posted on: October 29, 2008 – 8:01 am in Earnings, HI/LOW, Trading Alert, , , ,

Early Bird Analyst Downgrades (ADCT, ACL, AMMD, BGH, CNB, CNW, ERTS, FCX, NAT, OSG, PCU, STM)

Down_arrow_redThese are some of the top analyst downgrades we are seeing from Wall Street firms this Thursday morning with more than two hours to the open:

  • ADC Telecommunications (ADCT) Cut to Underweight from Overweight at JPMorgan.
  • Alcon (ACL) Cut to Neutral from Overweight at JPMorgan.
  • American Medical Systems (AMMD) Cut to Market Weight at Thomas Weisel.
  • Buckeye Group Holdings LP (BGH) Cut to Neutral at Goldman Sachs.
  • Colonial Bancgroup Inc. (CNB) Cut to Neutral at JPMorgan.
  • Con-Way,Iinc (CNW) Cut to Neutral at Baird.
  • Electronic Arts (ERTS) Cut to Sell at S&P Equity Research.
  • Freeport-McMoRan (FCX) Cut to Neutral from Buy at Goldman Sachs.
  • Nordic American Tanker (NAT) Cut to Neutral at JPMorgan.
  • Overseas Shipholding (OSG) Cut to Neutral at JPMorgan.
  • Souhern Copper (PCU) Cut to Sell at Goldman Sachs.
  • STMicroelectronics (STM) Cut to Hold at S&P Equity Research.

Jon C. Ogg
October 23, 2008

Posted on: October 23, 2008 – 6:30 am in Analyst Calls, , , , , , , , , , , ,

Top Pre-Market Upgrades & Downgrades (APC, ATPG, BCS, CRZO, DNDN, EBAY, FPL, STM)

These are some of the top analyst upgrades and downgrades we are seeing from Wall Street analysts this Thursday morning:

  • Anadarko Petroleum (APC) Raised to Buy at Jefferies.
  • ATP Oil & Gas (ATPG) Cut to Hold at Jefferies.
  • Barclays PLC (BCS) Raised to Hold from Sell at Citigroup.
  • Carrizo Oil & Gas (CRZO) raised to Buy at Jefferies.
  • Dendreon Corp. (DNDN) started as SELL at Merriman Curhan Ford.
  • eBay (EBAY) Cut to Neutral at piper Jaffray and cut to Neutral at JPMorgan.
  • FPL Group (FPL) Cut to Hold at Citigroup.
  • STMicroelectronics (STM) Cut to Underperform from Neutral at Credit Suisse.

Jon C. Ogg
October 16, 2008

Posted on: October 16, 2008 – 6:42 am in Analyst Calls, , , , , , , ,

Early Bird Analyst Downgrades (CHS, FIG, GE, MPEL, MTB, SNY, SLGN, STM, STI)

These are not all of the downgrades or negative analyst calls affecting stocks this Tuesday, but these are some of the highlights we have seen with over 2 and a half hours to the market open:

  • Chico’s FAS (NYSE: CHS) Cut to Neutral at Piper Jaffray.
  • Fortress Investment (NYSE: FIG) Cut to Market Perform at KBW.
  • General Electric (NYSE: GE) Cut to Neutral at Merrill Lynch.
  • Melco Crown Entertainment (NASDAQ: MPEL) Cut to Neutral at JPMorgan.
  • M&T Bank (NYSE: MTB) Cut to Underperform at Baird.
  • Sanofi-Aventis (NYSE: SNY) Cut to Underperform at Credit Suisse.
  • Silgan Holdings (NASDAQ: SLGN) Cut to Neutral at Goldman Sachs.
  • STMicroelectronics (NYSE: STM) Cut to Neutral at JPMorgan.
  • SunTrust Banks (NYSE: STI) Cut to Neutral at Baird.

Jon C. Ogg
September 23, 2008

Posted on: September 23, 2008 – 6:03 am in Analyst Calls, , , , , , , , ,

Europe Markets 4/24/2008 (BHP)(BCS)(SAP)(ALU)(STM)

Markets in Europe were off at 6.35 AM New York time.

The FTSE was down 1.7% to 5,977. Barclays (BCS) was down 2.4% to 445.  BHP Billiton (BHP) was off 5% to 1831.

The DAXX dropped .9% to 6,733. Bayer was up 2.6% to 53.36. SAP (SAP) was down 1.7% to 32.11.

The CAC 40 was off 1.2% to 4,887. Alcatel-Lucent (ALU) was down 1.6% to 3.99. ST Micro (STM) was down 2.1% to 6.94.

Data from Reuters

Douglas A. McIntyre

Posted on: April 24, 2008 – 5:39 am in International Markets, , , , , ,

Europe Markets 3/28/2009 (BHP)(SAP)(STM)

Markets in Europe were slightly higher at 6.10 AM New York time.

The FTSE rose .2% to 5,730. BHP Billiton (BHP) was up 1.9% to 1501. British Airways was off 3.3% to 239.

The DAXX was up .1% to 6,587. Commerzbank was up 2.2% to 19.89. SAP (SAP) was up 1.6% to 31.79.

The CAC rose .1% to 4,726. Sanofi-Aventis was up 2.3% to 48.12. ST Micro (STM) was up 1.4% to 6.76.

Data from Reuters

Douglas A. McIntyre

Posted on: March 28, 2008 – 5:19 am in International Markets, , ,

Europe Markets 3/3/2008 (BCS)(HBC)(ALU)(SI)

Markets in Europe were down over 1% at 6 AM New York time.

The FTSE fell 1.2% to 5,811. Barclays (BCS) was down 3.3% to 461.75. HSBC (HBC) was up 1.1% to 774.5.

The DAXX fell 1.3% to 6,657. SAP (SAP) was off .4% to 31.48. Siemens (SI) was down 2.3% to 37.27.

The CAC 40 was off 1.5% to 4,720. Alcatel-Lucent (ALU) was off 2.3% to 3.82. ST Micro (STM) was of 2.3% to 7.82.

Data from Reuters

Douglas A. McIntyre

Posted on: March 3, 2008 – 6:01 am in International Markets, , , , , ,

Media Digest 1/23/2008 Reuters, WSJ, NYTimes, FT, Barron’s

According to Reuters, Apple’s (AAPL) forecast for its next quarter disappointed Wall St. sending shares down 13%.

Reuters writes that Texas Instruments (TXN) posted higher profits.

Reuters reports that Big Oil’s rally may be threatened by the recession.

Reuters reports that the head of PepsiCo (PEP) says that comfort food sales will not be hurt by the recession.

Reuters writes that Microsoft (MSFT) and Dell (DELL) will jointly market computers with part of the sales price going to donating AIDS-fight drugs in Africa.

The Wall Street Journal writes that the government’s stimulus plan could be broadened.

The Wall Street Journal writes that Starbucks (SBUX) will test a $1 cup of coffee.

The Wall Street Journal writes that a turnaround at Sears (SHLD) may include a spin-off of its real estate holdings.

The Wall Street Journal writes that the fall in the stock market could kill some LBO deals like those for Clear Channel and BCE.

The New York Times writes that Ambac (ABK) is looking for alternative financing after posting a large loss.

The New York Times writes that more than half of Wal-Mart’s workers have enrolled in its healthcare plan.

The FT writes that some officials are telling sovereign funds that they should adopt a common code for disclosures as they invest in overseas companies.

Barron’s reports that STMicro (STM) reported in line earnings.

Bloomberg writes that an investment strategist concludes that stocks need to drop 4% more to price in a recession.

Douglas A. McIntyre

Posted on: January 23, 2008 – 3:51 am in Press Digest, , , , , , , , ,

Top 10 Pre-Market Analyst Calls (BSC, CAL, DELL, ESRX, HON, ILMN, NUAN, SPW, STM, AU, DROOY, GFI, GBN, HMY)

These are not the only big analysts calls this Friday morning, but these are the ones that 24/7WallSt.com is focusing on this morning:

  • Bear Stearns (BSC) raised to Buy at Merrill Lynch.
  • Continental (CAL) raised to Outperform from Peer Perform at Bear Stearns.
  • Dell (DELL) raised to Overweight from Neutral at JPMorgan.
  • Express Scripts (ESRX) started as Buy at Deutsche Bank.
  • Honeywell (HON) raised to Neutral at JPMorgan.
  • Illumina (ILMN) raised to Overweight from Equal Weight at Lehman; raised to Buy at UBS.
  • Nuance Communications (NUAN) raised to Buy from Hold at Citigroup.
  • SPX Corp. (SPW) raised to Overweight at JPMorgan.
  • STMicroelectronics (STM) downgraded to Neutral from Outperform.

DEUTSCHE BANK Downgrades Gold Stocks:

  • Anglogold (AU) downgraded to Sell from Hold;
  • DRDGOLD (DROOY) downgraded to Hold from Buy;
  • Gold Fields (GFI) downgraded to Sell from Hold;
  • Great Basin Gold (GBN) downgraded to Hold from Buy;
  • Hamrmony Gold (HMY) downgraded to Sell from Hold.

Jon C. Ogg
January 11, 2008

Posted on: January 11, 2008 – 7:31 am in Analyst Calls, , , , , , , , , , , , , ,

Europe Markets 1/9/2008 (BP)(BCS)(SI)

Market in Europe were down at 6.20 AM New York time.

The FTSE was off 1% to 6,295. Barclays (BCS) was down 3% to 458.75. BP (BP) was down 4.2% to 607. Marks and Spencer was off 18% to 414.

The DAXX fell .5% to 7,809. Infineon was off 3% to 7.12. Siemens (SI) was down 5% to 98.4.

The CAC 40 sold off .7% to 5,456. Alcatel-Lucent (ALU) was off 2.2% to 4.53. ST Micro (STM) was down 1.8% to 8.8.

Data from Reuters.

Douglas A. McIntyre

Posted on: January 9, 2008 – 6:23 am in International Markets, , , , ,

Europe Markets 1/3/2008

Markets in Europe were lower at 6.40 AM New York time.

The FTSE was off .2% to 6,403. BP (BP) was up 2.2% to 630. Intercontinental Hotels was off 4.5% to 820.

The DAXX was off .8% to 7,885. Daimler was down 3.5% to 62.41. Siemens (SI) was off 2% to 105.17.

The CAC 40 fell .5% to 5,521. France Telecom (FTE) was off 1.3% to 24.14. ST Micro (STM) was down 2.3% to 9.42.

Douglas A. McIntyre

Posted on: January 3, 2008 – 6:46 am in International Markets, , , ,

52-Week Low Club: Transport, Semiconductors & Financials (January 2, 2008)

Truckers led the drop after a fake $100 oil print and after a YRC Worldwide (NASDAQ: YRCW) acquisition write-down, pulling down Arkansas Best (NASDAQ: ABFS) and others.  With no surprise, airlines followed suit with Airtrain (AAI), AMR Corp. (NYSE: AMR), Continental Airlines (NYSE:CAL), Delta (NYSE: DAL), FedEx (FDX), Jetblue (NASDAQ:JBLU), Mesa Air (NASDAQ: MESA), Northwest Air (NYSE: NWA), Southwest Airlines (NYSE:LUV), US Air (NYSE: LCC).

Chip and tech stocks on 52-week lows: AMAT, AMD, ADTN, ARRS, ATML, BBND, CHRT, FCS, FEIC, IDTI, IM, KLAC, KLIC, LRCX, LSCC, LSI, MCRL, MRVL, MU, NSM, STM, TER, XLNX

Financial Giants on 52-Week lows: BAC, BBT, BSC, CYN, DFG, EFX, FIC, FITB, FHN, MCO, NCC, PNSN, SNV, SBP, WFC, ZION.

We kept the REIT’s and the usual suspects in retail off the list that have been here day in and day out (although many hit new 52-week lows).  Here is the huge list of others 52-week lows:

  • Automatic Data (ADP), Cardinal Health (CAH), Career Education (CECO), Diebold (NYSE: DBD), EchoStar (DISH), Superior Offshore (DEEP), Dow Chemical (DOW), Eastman Kodak (EK), Emmis (EMMS), Ford (F), Fortune Brands (FO), General Motors (GM), Hasbro (HAS), Helen of Troy (HELE), Interpublic (IPG), Mattel (MAT), McClatchy (MNI), Media General (MEG), Nortel Networks (NT), Owens Corning (OC), Paychex (OPAYX), PHH Corp. (PHH), Playboy (PLA), Radio Shack (RSH), Rite Aid (RAD), Sherwin Williams (SHW), Sprint Nextel (S), Starbucks (SBUX), Starwood Hotels (HOT), Sun Microsystems (JAVA), Symantec (SYMC), Travelzoo (TZOO), VF Corp (VFC), Warner Music Group (WMG), Waste Management (WMI), Weight Watchers (WTW), Wendy’s (WEN)

Imagine how large this list would have been if retailers and REIT’s were included.
Jon C. Ogg
January 2, 2008

Posted on: January 2, 2008 – 4:23 pm in HI/LOW, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Markets In Europe And Japan Fall Apart For The Year, The US Holds Its Own

The Nikkei 225 will end the year down about 11%. The FTSE 100 will be slightly better than flat. The Swiss market will be down 3% and a number of other indices in Europe will close the year in the red.

It is perhaps a bit cruel to compare these markets to the Shanghai Composite, which is up 100% in 2007. Comparing them to the US markets may be more reasonable.

What happened to the old world exchanges? Clearly they had financial shares which fell due to the sub-prime financial troubles. Their car companies may not have done well because of the pullback in spending in many regions. Even shares in Toyota (TM), the most successful car company, are down 20%. The large pharma companies in these regions have done badly because of competition from generics.

But, the real reason that Japan and Europe are down is the same reason that they are not likely to recover. The saving grace for US markets has been tech. Japan and Europe do not have it, and it is almost certainly too late to get it. That is not to say that Sony (SNE) and ST Micro (STM) are not good companies. But, they are not in the league of Microsoft (MSFT), Cisco (CSCO), Google (GOOG), Intel (INTC), or Hewlett-Packard.

Europe and Japan will under-perform the US markets, perhaps from years, because they do not have the key industry that drives growth–tech. It may be an accident of history, but hardware, software, and the internet were largely built in the US and it remains that way.

As a coda, it is worth remembering that much of the rise in the markets in China is based on oil, telecom, and manufacturing companies. They are no less vulnerable than their counterparts in Europe. It is just that the time horizon is different.

Douglas A. McIntyre

Posted on: December 31, 2007 – 5:48 am in Index, , , , , , ,

Key Chip & Semiconductor Stocks Hit 52-Week Lows (MRVL, MU, SNDK, STM)

It was a bit surprising today to see some of the names that were on the 52-week low list that were chip stocks.  So far AMD has managed to escape this list today, although it’s only about 1% above the $7.54 52-week low.  It looks like that PC surge isn’t helping more than a few.  Here are some of the key names:

  • SanDisk Corp. (NASDAQ:SNDK) is down almost 2.5% at $34.25, under the 52-week trading band of $34.43 to $59.75. This actually marks the bottom of a two-year trading range and now shares would have to fall back to $20-ish to reach the 2004 lows before this range was in place.  Maybe the company should have stuck with being the Flash memory leader rather than  having tried to compete against iPod sales with its own MP3 flash player.
  • Micron Technology (NYSE: MU) at $7.35 after today’s 2% drop is just under the new low 52-week lows of $7.37 after it’s earnings prove it can’t turnaround.  THIS ONE NEEDS A BREAK-UP.
  • Marvell Technology Group Ltd. (NASDAQ: MRVL) was a bit surprising to see, even if it has been losing its old steam.  This looks like it broke the lows of 2005 and this could fall to $10.00 before traders start pointing to any linear support on its chart.  Ouch.
  • STMicroelectronics NV (NYSE: STM) was a surprise to see on the list, but this is just a re-touch of the $14.34 lows.

Other key chip stocks and chip related names that are within about 3% of 52-week lows: AMAT, CHRT, IMOS, AMD…

Jon C. Ogg
December 27, 2007

Posted on: December 27, 2007 – 1:13 pm in HI/LOW, Semiconductor, , , ,