-
Benzinga’s Top Downgrades (LZ , UTIW, NLY, MELA, SUNH)
Thursday, March 25, 2010 - 10:14am | 250Lubrizol Corporation (NYSE: LZ) was downgraded by Hilliard Lyons from “long-term buy” to “neutral.” LZ closed at $93.72 yesterday. LZ has a 52-week trading range of $31.33-$94.93. Read more about this company here. Jesup & Lamont downgraded UTI Worldwide Inc (NASDAQ: UTIW) from “buy” to “hold...
-
Morgan Keegan Maintains UTi Worldwide (UTIW) Outperform Rating
Tuesday, March 23, 2010 - 10:01am | 205Morgan Keegan analysts Art W. Hatfield, Derek S. Rabe and J. Douglas Atkinson maintained their Outperform rating for shares of UTi Worldwide Inc. (Nasdaq: UTIW). Morgan Keegan does not issue price targets. The analysts released their report in advance of UTi Worldwide releasing its 4th quarter 2010...
-
Potential Options Trades in Intuitive Surgical (ISRG): Short Iron Condor and a Bull Put Spread
Friday, March 19, 2010 - 11:43am | 1849In Wednesday’s edition of Mad Money on CNBC, Jim Cramer issued a bearish call in Intuitive Surgical (NASDAQ: ISRG), simply saying “don’t buy” the shares, after having missed the last 100 points in this “terrific stock.” Over the past 50 weeks or so, ISRG shares have been on a tear, rallying from...
-
Operating Profits At FedEx (FDX) May Rise 9% Annually
Friday, March 19, 2010 - 10:17am | 135Analysts at Credit Suisse maintain their "neutral" rating on FedEx Corporation (NYSE: FDX). The target price for FDX has been raised from $99 to $100. FDX has reported its FQ3 2010 EPS above the guidance, estimates and consensus. FedEx has also raised its forecast for FY10 to $3.60-$3.80 from $3.45...
-
Stock Market News for March 19, 2010 - Market News
Friday, March 19, 2010 - 9:00am | 391Even as data suggested the economy is improving at a slow but gradual pace, investors were reluctant to buy stocks as potential policy changes and fresh signs of trouble in Greece kept sentiments jittery. However, the Dow average rose for an eighth straight day, its longest winning run since...
-
CHRW Initiated With Outperform
Friday, March 19, 2010 - 8:51am | 42Analysts at Macquarie Capital Markets initiate coverage of CH Robinson (NASDAQ: CHRW) with an "outperform" rating. CHRW’s shares closed at $56.58 yesterday. More Analyst Ratings here
-
Dow Records Gains For Eight Consecutive Days While S&P 500 Falls (BA, FDX, UPS, NKE, NBR, HP, GME, INTC, PALM)
Friday, March 19, 2010 - 7:01am | 392Dow industrials rose for the eighth consecutive day yesterday, driven by Boeing. However, a range of economic figures released yesterday, such as PPI, kept a check on the broader S&P 500 index. Boeing (NYSE: BA), which went up 2.15% to $70.87, gave the Dow its biggest boost during the day. BA’s...
-
Optimistic Reports From The Delivery Services Industry Bodes Well For This Transportation ETF
Thursday, March 18, 2010 - 4:35pm | 1737“On Thursday FedEx (FDX) reported fiscal third-quarter earnings that topped already optimistic expectations. Earnings per share of 76 cents were more than double the 31 cents in the year-ago quarter and topped the average analyst estimate for 72 cents. The news follows last month’s fourth-quarter...
-
Top Performing Industries For March 18 (NKE, ZIPR, FDX, CNC, GME)
Thursday, March 18, 2010 - 3:11pm | 356At 2:31 p.m., Dow gained 35.90, or 0.33%, to 10,769.57, while the broader Standard & Poor's 500 index fell 1.62, or 0.14%, to 1,164.59. The Nasdaq composite index added 1.39, or 0.06%, to 2390.48. The industries that are driving the market today are: Textile - Apparel Footwear & Accessories...
-
FedEx Corporation’s (FDX) Third-Quarter Profit Beats Expectations
Thursday, March 18, 2010 - 3:04pm | 249FedEx Corporation (NYSE: FDX) announced its third-quarter results on Thursday. The company saw its quarterly profit more than double as strong export volumes in Asia offset a flat demand in U.S. FedEx’s International Priority business saw an 18% increase in volume, which was led by exports from...
-
FedEx Beats Earnings Estimates (FDX)
Thursday, March 18, 2010 - 12:27pm | 120This morning prior to the opening bell, global shipping giant FedEx (NYSE: FDX) reported their quarterly earnings numbers. The Memphis, Tennessee based company earned Q4 net income of $239 million or $0.76 per share, compared to $97 million or $0.31 per share in last year's third quarter. Consensus...
-
GE’s (GE) Dividend Plans Prompt a Ratings Boost to its Stock
Thursday, March 18, 2010 - 11:22am | 1822Early Wednesday, Sterne Agee upgraded its rating on General Electric (NYSE: GE) to “neutral” from “sell.” The stock hit a new 15-month high of $18.40 in midday trading, and is up about a nickel to $18.13 in late-afternoon trading. A bit of background for this upgrade: GE has seen a lot of attention...
-
Company News for March 18, 2010 - Corporate Summary
Thursday, March 18, 2010 - 9:31am | 298• Citigroup (NYSE:C) downgraded financial shares from "overweight" to "neutral," warning that early-cycle gains in financial sector shares, up 63% over the past year, may fade heading into the bull market's second year • After the close yesterday, Nike (NYSE:NKE) reported sharply-higher-than-...
-
US Stock Futures Mixed (PFE, TEVA, GSK, NKE, NVS, FDX)
Thursday, March 18, 2010 - 9:04am | 300US stock futures were mixed today as investors got fidgety on concerns surrounding the duration of a recent rally. The reluctance of Eurozone nations to support debt-reduction initiatives in Greece also heightened investor concerns. While futures on S&P 500 lost 1.2 points to 1,159.80, those on...
-
Benzinga’s Top Pre-Market Losers (SASR, CPEX, FDX, MGIC)
Thursday, March 18, 2010 - 8:11am | 248Sandy Spring Bancorp Inc. (NASDAQ: SASR) decreased 9.32% to $13.52 in the pre-market session. Sandy Spring Bancorp announced that it has priced a public offering of 6,500,000 shares of common stock at $13.50 per share for gross proceeds of approximately $87,750,000. The 52-week trading range for...