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Top Narrow Based Indexes For August 13 (UNCA, SORL, BYI)
Friday, August 13, 2010 - 1:43pm | 253By 12:46 pm, the Dow Jones Industrial Average was up 6.59 points, or 0.06%, to 10,326.54, while the broader Standard & Poor's 500 index had lost 0.89 points, or 0.08%. The NASDAQ composite index fell 7.74 points, or 0.35%. Some of the narrow based indexes that are supporting the market are...
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Deeper Loss for Raser, Misses Ests - Analyst Blog
Wednesday, August 11, 2010 - 7:14pm | 466Energy technology company Raser Technologies Inc. (RZ) announced its second-quarter 2010 operating loss of 72 cents per share, much higher than the Zacks Consensus Estimate operating loss of 11 cents per share. The results of the company were worse than the year-ago loss of 6 cents per share. Total...
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Wonder Auto Shows Improvements - Analyst Blog
Wednesday, August 11, 2010 - 8:46am | 372Wonder Auto Technology Inc. (WATG) posted a net income of $8.3 million or 24 cents per share in the second quarter of 2010, up 54% from $5.4 million or 20 cents per share in the year-earlier quarter. Wonder Auto’s net income left behind the Zacks Consensus Estimate of 19 cents per share. Revenues...
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Jim Cramer Says It’s Time To Buy, As Fed Made Positive Statements
Wednesday, August 11, 2010 - 7:38am | 263In an article on CNBC, Jim Cramer said that the Federal Reserve is doing everything possible to promote an economic recovery. According to Reuters, the Fed has retained its interest rates at the low level of 0% and 0.25% and has promised to keep them there for an extended period. Reuters quoted...
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Oppenheimer: Update On The Technology Sector
Tuesday, August 10, 2010 - 11:51am | 294Oppenheimer says, “Apple is set launch an upgraded 9.7-inch iPad adopting a new ARM Cortex-A9-based processor and 512MB RAM in the first quarter of 2011. Meanwhile, the company will also launch a 7-inch iPad using the Cortex-A9 processor and an IPS panel with a resolution of 1024×768, according to...
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Benzinga’s Top Downgrades (ADY, RBS, SWSI, ALV)
Tuesday, August 10, 2010 - 6:56am | 158American Dairy Inc (NYSE: ADY) was downgraded by Roth Capital from “buy” to “hold.” ADY’s shares closed at $9.95 yesterday. American Dairy’s quarterly earnings dipped 83.91% y/y. Credit Suisse downgraded Royal Bank of Scotland Group Plc (NYSE: RBS) from "outperform" to "neutral." RBS’ shares closed...
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Deutsche Bank Downgrades TRW To Hold
Tuesday, August 10, 2010 - 6:35am | 43Analysts at Deutsche Bank downgrade TRW Automotive Holdings Corp (NYSE: TRW) from "buy" to "hold." TRW’s shares rose 3.70% to close at $39.51 yesterday. More Analyst Ratings here
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Magna Beats Estimates - Analyst Blog
Monday, August 9, 2010 - 5:53pm | 429Magna International Inc. (MGA) posted a profit of $293 million or $2.59 per share in the second quarter of the year compared with a loss of $205 million or $1.83 per share in the prior-year quarter. The company outdid the Zacks Consensus Estimate of $1.51 per share. Magna benefited from a recovery...
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Deutsche Bank Maintains Hold Rating On Magna International
Monday, August 9, 2010 - 12:07pm | 106Deutsche Bank released a research report Magna International Inc. (NYSE: MGA) and has reiterated its ‘hold’ rating on the stock but has increased the price target from $75 to $81, citing the strong valuation possessed by the company at the current level. Magna reported its 2Q EPS of $2.78 well...
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 1
Monday, August 9, 2010 - 8:29am | 2565Year 4, Week 1 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 62.5% (v 79.6% last week) 24 long bias: 32.4% (v 17.8% last week) 3 short bias: 5.1% (v 2.6% last week) 27 positions (vs 17 last week)...
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Wells Fargo Revises Earnings Estimates Up (BC, ED, MHK, GDP, MGA)
Monday, August 9, 2010 - 8:18am | 87Wells Fargo Securities is raising earnings estimates on a slew of companies this morning. Some of the companies Wells Fargo Securities is raising estimates on are Brunswick Company (NYSE: BC), Mohawk Industries (NYSE: MHK), Consolidated Edison (NYSE: ED), Goodrich Petroleum (NYSE: GDP) and Magna...
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Magna International Up 5.3% On Earnings News (MGA)
Friday, August 6, 2010 - 3:35pm | 160Shares of automotive supplier Magna International, Inc. (NYSE: MGA) are currently up 5.3% at $78.95 per share during Friday afternoon trading. Today's trading range for shares of Magna International, Inc has been between $78.70 and $81.24 per share. The consensus price target of analysts covering...
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Bookkeeping: Selling Majority of Remaining BorgWarner (BWA), Priceline.com (PCLN), Polypore International (PPO)
Friday, August 6, 2010 - 11:04am | 780I've added some long exposure here in the past 48 hours, so to balance that I am going to cull some other names. BorgWarner (BWA) has had a big run, relative to the type of stock it is (staid). I am going to sell the majority of what I have left (keeping a holding position of 0.1%) and try to buy...
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Zacks #1 Rank Additions for Friday - Tale of the Tape
Friday, August 6, 2010 - 9:48am | 347Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Albany Molecular Research, Inc (AMRI) Alliance Financial Corp (ALNC) Arch Chemicals, Inc (ARJ) Autoliv Inc (ALV) Biogen Idec Inc (BIIB) View the entire Zacks #1 Rank List. ALLIANCE FINL (ALNC): Free Stock Analysis...
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Zacks #5 Rank Additions for Friday - Tale of the Tape
Friday, August 6, 2010 - 9:47am | 343Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Agilysys Inc (AGYS) ArvinMeritor Inc (ARM) CPI Corp (CPY) Donegal Group Inc (DGICA) drugstore.com inc (DSCM) View the entire Zacks #5 Rank List. AGILYSYS INC (AGYS): Free Stock Analysis Report ARVINMERITOR (ARM):...