52-Week Low Club (AYE, AXL, APL, AUO, CHB, CMLS, GAP, MAC, MIR, RRI, SGLP, SWY, VRTU)

247wallst — Fri, 18 Jul 2008 14:29:00 +0000

Its Friday, and despite a fairly stable market today there were of course many 52-week lows. Some look like a mid-city explosion from news, and some are just the normal selling. As a reminder, some of these stocks are not under the 52-week lows at the time this published but these would have hit prior 52-week lows or traded under them on an intra-day basis.

Here is today’s list on the 52-week lows:

Allegheny Energy Inc. (NYSE: AYE)
American Axle & Manufacturing (NYSE: AXL)… gotta love those auto suppliers.
Atlas Pipeline Partners (NYSE: APL)
AU Optronics Corp. (NYSE: AUO) hit but didn’t stay under low
Champion Enterprises (NYSE: CHB) again from yesterday
Cumulus Media Inc. (NASDAQ: CMLS)
Great Atlantic Pacific & Tea (NYSE: GAP)… who says food is safe???
Macerich (NYSE: MAC) downgrade
Mirant (NYSE: MIR)
Reliant Energy Inc. (NYSE: RRI)
Semgroup Energy (NASDAQ: SGLP) battered again after parent woes.
Safeway Stores Inc. (NYSE: SWY)… who says food is safe???
Virtusa Corp. (NASDAQ: VRTU) on downgrade

Jon C. Ogg
July 18, 2008

Top Analyst Downgrades (BBY, KO, EBAY, GILD, IGT, MAC, SUN, TSO, VRTU)

247wallst — Fri, 18 Jul 2008 06:46:09 +0000

These are not all of the Downgrades or negative analyst calls seen this morning but these are some of the top calls seen this Friday morning:

Best Buy (NYSE: BBY) Cut to Outperform from Top Pick at RBC Capital.
Coca Cola (NYSE: KO) removed from Goldman Sachs Conviction Buy List.
EBay (NASDAQ: EBAY) Cut to Neutral from Buy at Goldman Sachs.
Gilead Sciences (NASDAQ: GILD) Cut to Hold from Buy at Jefferies.
International Game Technology (NYSE: IGT) Cut to Hold from Buy at Citigroup; Cut to Perform at Oppenheimer.
Macerich (NYSE: MAC) Cut To Neutral From Buy By Goldman Sachs
Sunoco (NYSE: SUN) and Tesoro (NYSE: TSO) Cut to Market Perform from Outperform at Bernstein.
Virtusa (NASDAQ: VRTU) Cut to Neutral from Overweight at JPMorgan.

Jon C. Ogg
July 18, 2008

24/7 Wall St. » VRTU

52-Week Low Club (AYE, AXL, APL, AUO, CHB, CMLS, GAP, MAC, MIR, RRI, SGLP, SWY, VRTU)

Top Analyst Downgrades (BBY, KO, EBAY, GILD, IGT, MAC, SUN, TSO, VRTU)