STP

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Ben Bernanke’s explanation and defense, or lack thereof to many, about his version of QE2, managed to dominate many key themes today. Gold was hitting fresh highs and European woes were discounted again. We are seeing the risk trade come in full force, although many of the sectors were soft. Late-day selling in the DJIA and S&P500 made for a close in the red, but this was close to red and black for most of the afternoon session after a fairly weak open.

Here are today’s unofficial closing bell levels:

Dow Jones 11,362.19 -19.90 (-0.17%)
S&P 500 1,223.12 -1.59 (-0.13%)
Nasdaq 2,594.92 +3.46 (0.13%)

Top Analyst Calls

Continue reading Closing Bell: Sideways Monday Goes Red (AAPL, BGP, BKS, CBRX, MCP, PFE, GLD, STP)

Closing Bell: Sideways Monday Goes Red (AAPL, BGP, BKS, CBRX, MCP, PFE, GLD, STP) originally appeared on BloggingStocks on Mon, 06 Dec 2010 16:00:00 EST. Please see our terms for use of feeds.

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Analyst Upgrades

  • Qualcomm (QCOM) was upgraded to outperform from neutral at Credit Suisse.
  • JPMorgan upgraded Allegheny Tech (ATI) to overweight from neutral.
  • NetApp (NTAP) was upgraded to buy from hold at Canaccord.
  • Estee Lauder (EL) was upgraded to perform from underperform at Oppenheimer.
  • Citigroup upgraded Suntech (STP) to hold from sell.

Continue reading Analyst Calls: ABT, ALU, CSCO, EL, F, KKR, QCOM, RIMM, SAP, STP, TIVO …

Analyst Calls: ABT, ALU, CSCO, EL, F, KKR, QCOM, RIMM, SAP, STP, TIVO … originally appeared on BloggingStocks on Thu, 18 Nov 2010 11:20:00 EST. Please see our terms for use of feeds.

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Analyst Upgrades

  • Goldman upgraded CSX (CSX) to neutral from sell.
  • General Cable (BGC) was upgraded to buy from hold at KeyBanc.
  • Morgan Stanley upgraded Chart Industries (GTLS) and Dresser Rand (DRC) to overweight from equal weight.
  • Blackrock (BLK) was upgraded to outperform from neutral at Macquarie.
  • Credit Suisse upgraded Zions Bancorp (ZION) to neutral from underperform and GameStop (GME) to outperform from neutral.
  • Honeywell (HON) was upgraded to outperform from sector perform at RBC Capital.
  • Panera Bread (PNRA) was upgraded to buy from neutral at SunTrust.

Continue reading Analyst Calls: AMD, BLK, CSX, DKS, GME, HGSI, HON, KEY, NSC, STP, ZION …

Analyst Calls: AMD, BLK, CSX, DKS, GME, HGSI, HON, KEY, NSC, STP, ZION … originally appeared on BloggingStocks on Wed, 17 Nov 2010 12:00:00 EST. Please see our terms for use of feeds.

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Suntech (STP) logoSuntech Power (STP) is taking a post-earnings plunge, as traders pan the company’s third-quarter report.

Wednesday morning, Suntech said its third-quarter profit climbed 11% to $33.1 million, or 18 cents per American depositary share (ADS), while revenue rose 57% to $743.7 million. Gross margin for the quarter contracted to 16.4% from 17.8%, due to lower selling prices.

Continue reading Suntech Power Tumbles to New Annual Low Following Earnings

Suntech Power Tumbles to New Annual Low Following Earnings originally appeared on BloggingStocks on Wed, 17 Nov 2010 11:30:00 EST. Please see our terms for use of feeds.

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