FeedPosted Feb 8th 2010 12:50PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Exxon Mobil (XOM), AutoZone Inc (AZO), Analyst Initiations, Broadcom Corp'A' (BRCM), Genzyme (GENZ)
Analyst upgrades:
- Jefferies upgraded CME Group (CME) to Buy from Hold and has a $330 target on the stock. The firm believes increased regulatory concerns have created a buying opportunity and notes that CME Group's fundamentals are stable-to-improving.
- Susquehanna upgraded Priceline.com (PCLN) to Positive from Neutral and has a $230 target on the stock. The firm believes Priceline.com likely outperformed expectations in Q4.
- Citigroup upgraded AutoZone (AZO) to Buy from Hold citing an attractive valuation, favorable industry trends, and the potential for margin expansion. The firm raised its target price on shares to $188 from $176.
- Genzyme (GENZ) was raised to Sell from Conviction Sell at Goldman.
- Disney (DIS) was upgraded to Neutral from Underweight at JP Morgan.
- Exxon Mobil (XOM) was upgraded at Collins Stewart to Buy from Hold.
Continue reading Analyst Upgrades, Downgrades and Initiations: CME, AZO, XOM, DNB, GENZ ...
Posted Dec 30th 2009 12:40PM by Mark Fightmaster (RSS feed)
Filed under: Broadcom Corp'A' (BRCM)
Tech firm Broadcom (BRCM) announced that it has agreed in principle to settle a pending class action litigation against the company and some of its current and former officers. The litigation surrounded the company's historical stock-option accounting practices, and was settled for $160.5 million in cash.
The legal action was on behalf of persons and entities that bought or acquired shares of BRCM between July 21, 2005 and July 13, 2006. The $160.5 million cash payment will result in the release and dismissal (with prejudice) of the claims against both the company and its officers and directors. In December 2006, BRCM was singled out as a company participating in backdating of stock options, an illegal practice.
Continue reading Broadcom Settles Stock-Option Dispute
Posted Dec 11th 2009 2:00PM by Joseph Lazzaro (RSS feed)
Filed under: Broadcom Corp'A' (BRCM), Stocks to Buy

There's little to suggest that the secular trend of broadband and mobile connectivity in the globalization era is fading, hence that's a very good reason to reiterate my buy rating for semiconductor provider Broadcom Corp. (
BRCM), first recommended
on June 8, 2009 at a price of $25.82.
Institutional investors have shrugged off BRCM's 2009 revenue decline and are looking to 2010, during which recent design improvements in digital t.v., Bluetooth, Wireless LAN, and other mobile handsets products should drive market share gains as consumer demand recovers, particularly in the Asia-Pacific region. Look for 2010 revenue to rise an impressive 20-25%.
Continue reading Broadcom: Super digital, media, wireless semiconductor play
Posted Oct 26th 2009 2:00PM by Steven Halpern (RSS feed)
Filed under: Newsletters, Broadcom Corp'A' (BRCM), Stocks to Buy
Options expert and stock trader Bernie Schaeffer combines fundamental, technical and sentiment-based metrics to select his specific trades.
In his latest The Options Advisor, he looks at a trio of diverse trades: wireless semiconductor play, Broadcom (NASDAQ: BRCM); homebuilder, Ryland Group (NYSE: RYL); and miner, Southern Copper (NYSE: PCU).
"Broadcom has rocketed up the charts in 2009, racking up a year-to-date gain of about 74%. The stock has stair-stepped consistently higher since January, capitalizing on support at its 10-week and 20-week moving averages.
"BRCM's relentless upward momentum has forced many short sellers out of their bearish positions, as short interest on the equity dropped by nearly 20% during the past month.
Continue reading Bernie's bets: A trio of trades from Schaeffer
Posted Oct 26th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: Apple Inc (AAPL), Market Matters, Broadcom Corp'A' (BRCM), Marvell Technology Group (MRVL), Stocks to Buy, Cramer on BloggingStocks
The Street.com's Jim Cramer says that after a tough week, the semiconductor industry finally gets some good news. Will
Marvell Technology (NASDAQ:
MRVL) (
Cramer's Take) give what
TriQuint (NASDAQ:
TQNT) (
Cramer's Take) and
Broadcom (NASDAQ:
BRCM) (
Cramer's Take) took away?
Last week, we had the one-two punch of TriQuint and Broadcom really making the whole Internet tsunami look more like a tropical storm. They both talked about withering demand, and Broadcom verified the bears' double-order thesis, but this morning Marvell says that things are on target, there's no wavering and demand is strong. Bears can take their pick.
Continue reading Cramer on BloggingStocks: Marvell could be a boon for the semis
Posted Oct 24th 2009 2:20PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Apple Inc (AAPL), Amazon.com (AMZN), McDonald's (MCD), 3M Corporation (MMM), Caterpillar (CAT), New York Times'A' (NYT), Bank of New York (BK), Hershey Co (HSY), Gannett Co (GCI), Morgan Stanley (MS), Kimberly-Clark (KMB), United Parcel'B' (UPS), Lockheed Martin (LMT), Broadcom Corp'A' (BRCM), SLM Corp (SLM)
Continue reading Earnings highlights: Amazon, Apple, Caterpillar, Hershey, McDonald's, UPS ...
Posted Oct 23rd 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Microsoft (MSFT), Amazon.com (AMZN), Broadcom Corp'A' (BRCM)

This was the day that could have been. Earnings were coming out favorably, yet the data just couldn't support the stocks. There were also trader comments that BofA/Merrill had large sell orders or sell programs throughout the day. It looks like the DJIA even closed out under the 10,000 mark on an unofficial basis.
Here were today's unofficial closing bell levels:
Dow 9,974.75 -106.56 (-1.06%)
S&P 500 1,079.73 -13.18 (-1.21%)
Nasdaq 2,154.47 -10.82 (-0.50%)
Top 10 Analyst CallsTop Day Traders StocksTop Stock/Market RumorsContinue reading Closing Bell: Losing the DJIA 10K (AMZN, BIIB, BRCM, COF, DOLE, MSFT, SPWRA)
Posted Oct 8th 2009 12:20PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, eBay (EBAY), Adobe Systems (ADBE), AutoZone Inc (AZO), Clorox Co (CLX), Goldman Sachs Group (GS), Monster Worldwide (MNST), Analyst Initiations, Broadcom Corp'A' (BRCM), Wells Fargo (WFC), Northrop Grumman (NOC)
Analyst upgrades:
- Deutsche Bank upgraded Clorox (NYSE: CLX) to Buy from Hold on valuation and believes upside to earnings forecasts is likely. The firm raised its target on shares to $66 from $65.
- Kaufman Bros. upgraded eBay (NASDAQ: EBAY) to Buy from Hold on expectations improved Marketplace fundamentals will serve as a positive catalyst for shares. The firm raised its price target on the stock to $29 from $22.
- Roth Capital believes Zumiez (NASDAQ: ZUMZ) is well positioned for improved results and margins. The firm, which upgraded shares to Buy from Hold and raised its target to $22 from $16, said September back-to-school results bode well for the holiday season and demonstrate that Zumiez can drive conversion during peak shopping periods.
- Northrop Grumman (NYSE: NOC) was upgraded to Sell from Conviction Sell at Goldman.
- Adobe (NASDAQ: ADBE) was upgraded to Outperform from Neutral at Baird.
- Monster Worldwide (NYSE: MWW) was upgraded to Overweight from Neutral at JPMorgan.
Continue reading Analyst upgrades, downgrades and initiations: ADBE, AZO, EBAY, GS, NOC, WFC ...
Posted Sep 9th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Apple Inc (AAPL), General Electric (GE), Wal-Mart (WMT), PepsiCo (PEP), Intel (INTC), Market Matters, 3M Corporation (MMM), Caterpillar (CAT), Citigroup Inc. (C), Bank of America (BAC), Costco Wholesale (COST), FedEx Corp (FDX), Research in Motion (RIMM), Procter and Gamble (PG), Lennar Corp'A' (LEN), Toll Brothers (TOL), QUALCOMM Inc (QCOM), Palm Inc (PALM), Cypress Semiconductor (CY), Broadcom Corp'A' (BRCM), United Technologies (UTX), Wells Fargo (WFC), salesforce.com inc (CRM), Union Pacific Corporation (UNP), Cramer on BloggingStocks,
TheStreet.com's Jim Cramer says the action that is linked to the futures markets, such as oil, is distorting rational analysis. Maybe one day we can escape the commodity linkage and begin to trade on the fundamentals again, something that seems more distant now than any time I can recall. We are totally marching to gold, to oil, to copper, and not the fundamentals.
Throughout the era in which China has become a superpower and hedge funds have become the super arbiters or what goes up or down, we have been stuck with this fairly bogus linkage that corrupts trading and makes a mockery out of some of the most important financial analysis out there, the actual attempts to discover what's really happening at companies.
Continue reading Cramer on BloggingStocks: Fundamental distortion
Posted Jun 30th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: After the Bell, General Electric (GE), Market Matters, Broadcom Corp'A' (BRCM)

This morning's trading was looking solid enough and had enough overseas support with gains in Europe that it seemed as though we were going to have a rock solid end to one of the best performing quarters in years.
The Russell trade and the quarter-end failed to help. A
quiet ISM-prelude from Chicago Purchasing Managers was one thing, but a weak consumer confidence took the wind out of the sails of the bulls. The good news is that shares managed to close off their lows, but it still wasn't an up day. Here were today's unofficial closing bell levels:
Dow 8,448.06 -81.32 (-0.95%)
S&P 500 919.47 -7.76 (-0.84%)
Nasdaq 1,835.04 -9.02 (-0.49%)
Top Analyst UpgradesTop Analyst DowngradesContinue reading Closing Bell: The great day that could have been... (APOL, BRCM, ELX, GE, GERN, VICL)
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