-
Benzinga’s Top Downgrades (WFMI , TWTC, OZM, NICE, EQR)
Wednesday, March 24, 2010 - 9:58am | 253Whole Foods Market Inc (NASDAQ: WFMI) was downgraded by Longbow from “buy” to “neutral.” WFMI lost 1.97% to $35.26 at 9:32 am. WFMI has a 52-week trading range of $16.13-$37.10. Read more about this company here. Collins Stewart downgraded TW Telecom Inc (NASDAQ: TWTC) from “buy” to “hold.” TWTC’s...
-
3-23-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Tuesday, March 23, 2010 - 11:54am | 2350Stocks move higher as home sales top expectations Stocks are higher after sales of existing homes fell less than expected in February. The report Tuesday from the National Association of Realtors has topped forecasts but is still raising concerns about the strength of the housing market. Sales have...
-
Volume Talks Monday: A Sirius Reversal
Tuesday, March 23, 2010 - 9:39am | 2912As the market traded higher across the board Monday on lighter volume, there were many stocks which traded higher/lower on above average volume. Today's breakout report is for Monday March 22, 2010. If this is your first time reading one of my breakout reports you'll want to read the section...
-
Waddell & Reed Financial Gets “Outperform” Rating (WDR)
Monday, March 22, 2010 - 7:45pm | 146FBR Capital Markets has given a “Outperform” rating to Waddell & Reed Financial (NYSE: WDR). Waddell (WDR) is currently focusing on selling other funds to diversify its product portfolio. Waddell derives 70% of its net sales from its top two fund accounts. The financial firm is looking to raise...
-
Waddell & Reed Financial, Inc. (WDR) Upgraded To Outperform Rating; Price Target Raised
Monday, March 22, 2010 - 10:59am | 118Analysts Matt Snowling and Bill Jackson at FBR Capital Markets have upgraded Waddell & Reed Financial, Inc. (NYSE: WDR) from Market Perform to Outperform rating. The price target for Waddell & Reed Financial stock has been raised from $36 to $40. Analysts expect the company’s first-quarter...
-
Company News for March 22, 2010 - Corporate Summary
Monday, March 22, 2010 - 10:02am | 202• AIG (NYSE: AIG) former CEO Greenberg reached a deal with UBS (NYSE: UBS) to sell most of his shares in AIG, an estimated 10 million shares, for $278.2 million • Kimberly-Clark (NYSE: KMB) said it continues to see full-year earnings of $4.80-$5.00 • FBR raised its rating on Waddell & Reed (...
-
Healthcare Stocks Set To Perform Well, Says Legg Mason’s (LM) Miller
Monday, March 22, 2010 - 8:01am | 325Bill Miller, chief investment officer at Legg Mason (NYSE: LM), expects U.S. healthcare stocks to perform well over the coming few months. Miller believes that with uncertainty over legislation for reforming the sector now over, healthcare stocks should see a strong performance. On Sunday, a long...
-
Goldman Sachs Reiterates Federated Investors (FII) Sell Rating
Friday, March 19, 2010 - 10:56am | 113Goldman Sachs analysts Marc Irizarry, Alexander Blostein and Neha Killa reiterated their Sell rating for shares of Federated Investors, Inc. (NYSE: FII). The analysts wrote that they see Federated Investors as a cyclical donor in the asset management business. They also said that Federated...
-
Strategists Warn About The Financial Sector As The Financial ETF Sets A New 52-Week High
Wednesday, March 17, 2010 - 6:49pm | 2087The rally in the Financial Select Sector SPDR Fund (XLF) on Wednesday means the exchange-traded fund has more than doubled in value from a year ago. The ETF set a new 52-week high of $15.97 a share on Wednesday. One year ago on March 17, 2009, the fund touched a session low of $7.87, according to...
-
Dow Jones Climbs To Highest Level Since October 2008 (BLK, AA, MEE, F, HIG)
Wednesday, March 17, 2010 - 5:23pm | 282Bloomberg reports that the Dow Jones Industrial Average climbed to its highest level since October 2008 on Wednesday. The Index gained, led by Alcoa Inc. (NYSE: AA), which closed 4.78% higher at $14.46, with concerns that an economic recovery would stoke inflation eased. The Dow was up for the...
-
Credit Suisse Adds BLK To US Focus List
Wednesday, March 17, 2010 - 2:53pm | 51Analysts at Credit Suisse upgrade Blackrock (NYSE: BLK) from "neutral" to "outperform." Credit Suisse has added BLK’s shares to its US focus list. BLK’s shares soared 6.19% to $225.50 at 2:51 pm. More Analyst Ratings here
-
BlackRock Surging After Upgrade (BLK)
Wednesday, March 17, 2010 - 1:52pm | 128Shares of asset manager, BlackRock Inc. (NYSE: BLK) are surging today after an upgrade from Credit Suisse. Analyst Craig Siegenthaler said that he expects the firm to increase their assets under management by 9.2% to $3.5 trillion in 2010 and by 11% in 2011. Credit Suisse raised their rating from...
-
GMAC Attracts Bids For ResCap Unit (BLK, BX, GS, C)
Wednesday, March 17, 2010 - 12:23pm | 165GMAC’s Residential Capital unit is attracting many suitors. BlackRock Inc. (NYSE: BLK) and Blackstone Inc. (NYSE: BX) have expressed their interest in purchasing the unit. Famed investor Wilbur Ross is also said to be interested in the unit. GMAC has hired Goldman Sachs (NYSE: GS) and Citigroup Inc...
-
Benzinga’s Top Upgrades (STL, GHL, BLK, ATHN, NED)
Wednesday, March 17, 2010 - 9:12am | 251Sterling Bancorp (NYSE: STL) was upgraded by BMO Capital Markets from “market perform” to “outperform.” STL’s shares closed at $8.31 yesterday. STL’s shares have risen 17.54% so far this year. Read more about this company here. Keefe Bruyette upgraded Greenhill (NYSE: GHL) from “market perform” to...
-
S&P Downgrade Invesco (IVZ) from Strong Buy to Buy
Tuesday, March 16, 2010 - 6:53pm | 134S&P downgraded Invesco (NYSE: IVZ) from Strong Buy to Buy, in the Mar.17, edition of Outlook. The downgrade was based on S&P’s estimates of assets under management falling at Invesco. At the end of February assets fell 2.4% from December levels. This lagged market returns and the...