NEE

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The shares of utility NextEra Energy (NEE), formerly called FPL Group and first discussed here at a price of $43.30 on March 3, 2009, have reasserted themselves in the past three months, rising to test $55 again.

Further, while there’s concern about a medium-term double-top at/near $56, the view from here argues the uptrend is stronger, and should prevail.

Fundamentally, look for NextEra’s earnings to increase about 6-8% in 2011, after a roughly 10% gain in 2010.

Continue reading NextEra Energy: Southern U.S. Utility Play

NextEra Energy: Southern U.S. Utility Play originally appeared on BloggingStocks on Fri, 25 Mar 2011 17:00:00 EST. Please see our terms for use of feeds.

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If you didn’t as outlined in October, now would be a good time to consider taking some profits off the table with utility NextEra Energy (NEE), formerly called FPL Group, and first discussed here at a price of $43.30 on March 3, 2009.

However, those investors who tolerate the risk can maintain their full position to go for an even larger gain, but keep in mind the journey to $65 and beyond probably will not be completed in 2011.

NextEra arced toward $56 in mid-2010, then corrected about 10% lower, before reversing, to currently trade at/near $54. However, a double-top is a near-term concern, hence the take-some-profits view.

Continue reading NextEra Energy: Premiere Utility Play

NextEra Energy: Premiere Utility Play originally appeared on BloggingStocks on Wed, 26 Jan 2011 17:00:00 EST. Please see our terms for use of feeds.

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Analyst Upgrades

  • Sapient (SAPE) to outperform from market perform at Wells Fargo.
  • Kroger (KR) to buy from neutral at UBS.
  • Harman (HAR) to overweight from neutral and Deutsche Bank (DB) to neutral from underweight at JPMorgan.
  • Savient (SVNT) to outperform from market perform at JMP Securities.
  • LabCorp (LH) to buy from hold at Deutsche Bank.
  • Optimer Pharm (OPTR) and Landstar System (LSTR) to outperform from neutral at RW Baird.
  • Essex Property Trust (ESS) to buy from neutral at Janney Capital.
  • Tyson Foods (TSN) to neutral from sell at Goldman.
  • Host Hotels (HST) to outperform from sector perform at RBC Capital.
  • SPX Corp. (SPW) to outperform from market perform at FBR Capital.

Continue reading Analyst Calls: AXP, COF, DB, DFS, DNDN, HST, KR, ROC, SAFM, STJ, TSN …

Analyst Calls: AXP, COF, DB, DFS, DNDN, HST, KR, ROC, SAFM, STJ, TSN … originally appeared on BloggingStocks on Wed, 01 Dec 2010 12:00:00 EST. Please see our terms for use of feeds.

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The shares of Utility NextEra Energy (NEE), formerly called FPL Group and first discussed here at a price of $43.30 on March 3, 2009, have moved smartly higher, including a push through $50 resistance, and now may be a good time to consider taking some profits off the table.

However, those investors who can tolerate the risk can consider holding a full position to go for an even larger gain.

Look for NextEra’s earnings to increase about 10% in FY2010, on a likely above-average revenue growth rate. The company changed its name in May to better reflect the company’s clean energy provider status.

Continue reading NextEra Energy: Time to Take Some Profits off the Table?

NextEra Energy: Time to Take Some Profits off the Table? originally appeared on BloggingStocks on Wed, 27 Oct 2010 15:40:00 EST. Please see our terms for use of feeds.

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