Goldman Sachs Conviction Buy List
Goldman's Sachs' (NYSE: GS) Conviction Buy List is a listing of stocks the investment bank's research team expects to outperform.
Goldman's Sachs' regional Conviction Buy and Sell lists represent investment recommendations focused on either the size of the potential return or the likelihood of the realization of the return. (from goldmansachs.com)
SI Note: This page will track StreetInsider.com reports that mention the Goldman Sachs Conviction Buy List. It is not a complete representation of the firm's list.
To get real time e-mail alerts on Conviction Buy List news sign-up here.
UPGRADES:
Baird upgrades Netezza (NYSE: NZ) from Neutral to Outperform. Price target increased from $7 to $14.
JP Morgan upgrades Liberty Media Interactive (Nasdaq: LINTA) from Neutral to Overweight and raises their price target from $7 to $13.
UBS upgrades Hewitt Associates (NYSE: HEW) from Neutral to Buy. Price target $39.
For daily real-time Upgrades go to ...
Goldman Sachs downgrades King Pharmaceuticals Inc. (NYSE: KG) to Neutral and removes ...
Still Going…
Like the Energizer Bunny relentlessly banging that silly drum, the current rally in the stock market is “still going.” Although last week didn’t contain any really explosive moves to the upside, the banking results were good enough to help the bulls put up a sixth straight week of gains. And for those of you keeping score at home, the Dow has now rallied 1,584 points or +24.2% since March 9th while the S&P 500 is up +28.5% and the NASDAQ has tacked on an impressive +31.87%.
Despite the fact that just about everyone is looking for a pullback these days, stocks managed to finish higher again on Friday on the back of solid earnings from Citi (C), GE (GE), BB&T (BBT), and Google (GOOG) as well as a report out of the University of Michigan showing that their consumer sentiment index came in higher than expected.
The UofM/Reuters ...
Spansion Inc. (Nasdaq: SPSN) 122% HIGHER; announced that it has settled its patent litigation lawsuits with Samsung Electronics. As part of the settlement, Samsung will pay Spansion $70 million and Spansion and Samsung Electronics Company have exchanged rights in their patent portfolios in the form of licenses and covenants subject to a confidential settlement agreement. The settlement ends the patent disputes between the two companies and is a significant step forward in Spansion's reorganization process, demonstrating the company's intense focus on improving its financial position in the current economic climate.
Centex Corporation (NYSE: CTX) 31% HIGHER; announced that it and Pulte Homes (NYSE: PHM) will combine in a stock-for-stock transaction valued at $3.1 billion, including $1.8 billion of net debt. Click here for the full report.
Hartford Financial (NYSE: HIG) 28% HIGHER; insurance stocks are spiking this morning on reports that the Treasury could extend TARP funds to ...
Goldman Sachs added King Pharmaceuticals Inc. (NYSE: KG) ...
