FeedPosted Nov 17th 2009 11:40AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Exxon Mobil (XOM), Netflix, Inc. (NFLX), Palm Inc (PALM), Analyst initiations
Analyst upgrades:
- Barclays upgraded Exxon (XOM) to overweight from equal weight based on a higher production growth outlook. The firm, which raised its target to $92 from $90, expects Exxon to have organic growth of more than 3% in 2010 and an average growth rate of 2.6% between 2009 and 2013.
- Kaufman Bros. upgraded Palm (PALM) to buy from hold citing the recent pullback in shares and indications that Verizon (VZ) will carry webOS phones as early as 1H10. The firm has a $16 target on the stock.
- Piper Jaffray raised Medicis (MRX) to neutral from underweight and raised its target to $20 from $16. Following a management meeting, Piper said they have increased confidence in Soldyn risk and LipoSonix's safety profile.
- Illinois Tool Works (ITW) was upgraded to buy from neutral at UBS.
- Devon Energy (DVN) was upgraded to outperform from market perform at Wells Fargo.
- Carmike Cinemas (CKEC) was upgraded to buy from neutral at Merriman.
Continue reading Analyst upgrades, downgrades and initiations: DELL, NFLX, PALM, SPWRA, XOM ...
Posted Nov 11th 2009 4:05PM by Jon Ogg (RSS feed)
Filed under: Motorola (MOT), Research in Motion (RIMM), Palm Inc (PALM)
This was a strange day with a half-participation as bonds and many government offices were closed due to this being the Veterans Day holiday. Stocks were up all day and this works out to be six straight days of a rally in the DJIA. We had no economic news to digest and here are today's unofficial closing bell levels:
Dow: 10,291.10 +44.13 (0.43%)
S &P: 1,098.52, +5.51 (0.50%)
Nasdaq: 2,166.90, +15.82 (0.74%)
Top day trader alertsTop analyst callsTop market rumorsAIG
(AIG) could have a key vacancy open at the firm. Its new CEO Benmosche has expressed to its board of directors that he may step down over frustration of working under the government and over salary restrictions. This would not be welcome as he is deemed one of the few who can run that show. A late day memo from the company said he is committed and the press is over pay for those at the company. Shares were 'only' down 0.7% at $37.30 right before the close.
Continue reading Closing Bell: A six-day rally (AIG, REGN, M, MOT, PALM, RIMM)
Posted Oct 28th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: CIT Group (CIT), Palm Inc (PALM)
Maybe it was the dollar rising earlier, maybe it was poor housing data from a
drop in new home sales. Maybe they wanted more than a
marginally positive durable goods reading. Maybe it was that
oil inventory is back up. And then there is the notion that stocks have just gotten too far ahead of themselves and there were reports of a large strategist cutting GDP targets. But investors sold religiously today ahead of tomorrow's GDP figure.
Here were today's closing bell levels:
Dow 9,762.69 -119.48 (-1.21%)
S&P 500 1,042.63 -20.78 (-1.95%)
Nasdaq 2,059.61 -56.48 (-2.67%)
Top 10 Analyst CallsTop Day Trader AlertsContinue reading Closing Bell: The big giveback (ADUS, CIT, GRMN, ILMN, LVLT, PALM)
Posted Oct 19th 2009 8:00AM by Paul Foster (RSS feed)
Filed under: duPont(E.I.)deNemours (DD), Palm Inc (PALM), Options
Palm (NASDAQ: PALM) closed at $16.45. PALM's Pixi product is expected to be available at Sprint (NYSE-S) before the holidays. PALM November option implied volatility is at 67, January is at 75; verses its 26-week average of 78, according to Track Data, suggesting decreasing near term price movement.
DuPont(NYSE: DD) closed at $34.10. DD is expected to report Q3 EPS on October 20. DD November option implied volatility is at 35; January is at 36; below its 26-week average 40 according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
Posted Sep 25th 2009 10:30AM by Jim Cramer (RSS feed)
Filed under: Earnings reports, Apple Inc (AAPL), Market matters, Nokia Corp. (NOK), Sprint Nextel Corp (S), Research in Motion (RIMM), Verizon Communications (VZ), Palm Inc (PALM), Smartphones, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says Research In Motion's troubles are an exception to the greatness of the mobile Internet theme. No, this isn't meant to be a bullish article. I am just trying to put
Research In Motion (NASDAQ:
RIMM) (
Cramer's Take) in perspective because I think that people will confuse the greatness of the mobile Internet theme with the hazards of investing in the BlackBerry maker.
First, you have to ask yourself, what really went wrong with RIMM? Was it demand? No, demand was strong. They actually guided to the upper end of units. The issue was average selling price because it has gotten more competitive out there.
Continue reading Cramer on BloggingStocks: The fault lies with RIMM
Posted Sep 23rd 2009 12:20PM by Mark Fightmaster (RSS feed)
Filed under: Palm Inc (PALM)
Just before Wednesday's opening bell, tech giant Palm (NASDAQ: PALM) announced that it raised the number of shares it will sell in a new public offering. The company will now offer 20 million shares rather than the previously reported 16 million. The offering will be at $16.25 per share and should lead to $313.1 million in proceeds.
In early trading, PALM was up more than 3% -- pushing the stock through the $16 level. This level had acted as resistance in the past, so this technical advance is important. We could see the $16 level act as support if needed. Further support could come from PALM's 10- and 20-week moving averages, both of which are advancing to catch up to the equity's current position. More support can be found in the form of PALM's 10- and 20-month moving averages.
Continue reading Palm adds more shares to its new public offering
Posted Sep 18th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Sirius Satellite Radio (SIRI), Palm Inc (PALM), AMR Corp (AMR)
Today was one of those days where many traders looked like and acted like they wanted to just lock in gains after what was the first full week for many traders in about three weeks. Yet shares stayed strong. Options expiration dates and a S&P rebalance brought in some added volatility and money managers are now scared to tell their clients that they are not all-in on stocks. So while markets were up most of the day, the real closing bell with all of today's events was something that felt as though it would be down to the wire.
Here were today's unofficial closing bell levels:
Dow 9,819.52 +35.60 (0.36%)
S&P 500 1,068.26 +2.77 (0.26%)
Nasdaq 2,132.86 +6.11 (0.29%)
Top Analyst UpgradesTop Analyst DowngradesTop Day Trader Stocks
Continue reading Closing Bell: Options and index re-balance aid bulls (ARNA, AMR, PALM, SIRI, VVUS)
Posted Sep 18th 2009 11:30AM by Tom Taulli (RSS feed)
Filed under: Earnings reports, Apple Inc (AAPL), Research in Motion (RIMM), Palm Inc (PALM)
For Palm (NASDAQ: PALM), the future is really about one product: the Pre smartphone. And based on the latest quarterly report, it looks like things are going fairly well (the device was launched in June).
In fiscal Q1, Palm sustained a net loss of $161.1 million, or $1.17 per share. However, if you exclude certain items, the result was a loss of $13.6 million, or $0.10. This was much better than the Street's consensus of $0.24.
Continue reading Palm's Pre is looking smart
Posted Sep 9th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: General Electric (GE), Barrick Gold (ABX), Palm Inc (PALM)
Today was another up and away day, although after the 2:00 PM Beige Book and after a Treasury auction, it felt like today was just going to be a difficult one to call.
This is a light week on data and a light day on earnings and that makes it a hard tell each day to have serious conviction for bulls and bears alike. The DJIA went above 9,500 and marks the 4th day in a row of a rally.
Here are today's unofficial closing bell levels:
Dow 9,538.23 +40.89 (0.43%)
S&P 500 1,032.47 +7.08 (0.69%)
Nasdaq 2,058.60 +20.83 (1.02%)
Top Analyst UpgradesTop Analyst DowngradesTop Day Trader Alert Stocks
Continue reading Closing Bell: The never ending rally (ABX, GE, PALM, VVUS)
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, Marvel Entertainment (MVL)
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 Sep 8th 2009 8:30AM by Paul Foster (RSS feed)
Filed under: Palm Inc (PALM), Options
Palm (NASDAQ: PALM) closed at $14.61. PALM is expected to report quarterly Q1 EPS on September 17. PALM September option implied volatility is at 81, November call volatility is at 69, puts are at 76; below its six-month average of 81, according to Track Data, suggesting less price movement after EPS.
Rangold Resources (NASDAQ: GOLD) closed at $68.30. Gold is recently up 1.04% to $1007.10 according to Bloomberg. GOLD September and October option implied volatility of 51 is below its 26-week average of 58 according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Posted Sep 6th 2009 7:22AM by Paul Foster (RSS feed)
Filed under: Palm Inc (PALM), Options
Palm (NASDAQ: PALM) closed at $14.61. PALM is expected to report quarterly Q1 EPS on September 17. PALM September option implied volatility is at 81, November call volatility is at 69, puts are at 76; below its six-month average of 81, according to Track Data, suggesting less price movement after EPS.
Rangold Resources (NASDAQ: GOLD) closed at $68.30. Gold closed at $996.70 according to Bloomberg. GOLD September and October option implied volatility of 51 is below its 26-week average of 58 according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
Posted Aug 14th 2009 10:10AM by Jim Cramer (RSS feed)
Filed under: Apple Inc (AAPL), Market matters, AT and T (T), Verizon Communications (VZ), QUALCOMM Inc (QCOM), Palm Inc (PALM), Stocks to Buy, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says if the company you're looking at is a player in the mobile Internet space, it's probably a good bet. Does it have smartphone exposure, or doesn't it? That is the question. When I look at what's moving in tech and what's become sullen and gloomy, there's only one compass: smartphones. Think about what's moved this week:
Cree (NASDAQ:
CREE) (
Cramer's Take),
Tellabs (NASDAQ:
TLAB) (
Cramer's Take) and
ADC Telecom (NASDAQ:
ADCT) (
Cramer's Take). These are terrific plays in the smartphone food chain and are included in the "Mad Money" Mobile Internet Index.
ADC Telecom is Chinese Internet infrastructure, and we know that China's spending $40 billion to build out infrastructure that can allow aggressive adoption of smartphones. Tellabs has been waiting for next-generation telecom orders -- smartphones. I think the fact that it announced a giant buyback -- it matters when the stock is this small -- is the signal needed to suggest they are getting orders.
Continue reading Cramer on BloggingStocks: Smartphone? Smart play
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Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT)
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