Notable Analyst Rating Changes 6/15: YHOO, DELL, MT, CNW, TXN Upgraded; WMT, IRE, LEA, KBH Downgraded Jun 15, 2009 09:47AM

UPGRADES:
Citigroup upgrades Yahoo! (Nasdaq: YHOO) from Hold to Buy, citing valuation. The firm raised its price target from $15 to $21.

Goldman Sachs upgrades Dell (Nasdaq: DELL) from Sell to Neutral, with a $14 price target. The firm said cyclical issues start to ease.

Deutsche Bank upgrades ArcelorMittal (NYSE: MT) from Hold to Buy. Click here to see ...


David Moenning's Daily State of the Markets: 05/07 May 7, 2008 10:15AM

Paulson Joins the Chorus
Here’s a link to listen to an Audio Version of the report
Perhaps the biggest driving force behind the market’s recent rally to the highs of the year has been the idea that the worst is behind us in terms of the damage inflicted by the subprime slime and the ensuing credit crisis. This thought has been backed up by a long line of movers and shakers who have declared publically that we’ve seen the worst. And now that Treasury Secretary Henry Paulson has joined the chorus, it looks like traders may have nothing to fear but fear itself on the subject.

It was the topic of the financial crisis that once again drove trading on Tuesday as stocks first dove on a dismal report from Fannie Mae (FNM) and then rebounded on an update from AMBAC Financial (ABK). Fannie first got the market’s attention when ...


David Moenning's Daily State of the Markets: 2/7 Feb 7, 2008 09:34AM

Hope Proves Elusive

Here's a link to listen to an Audio Version of the report

Although the bulls appeared to be on track for a bounce after Tuesday’s thrashing, hope for improving market sentiment proved elusive yesterday as fear once again wound up dominating the action by the close. At the end of the day, investors were staring at a third straight down day and total losses of 543 points on the week.

Our heroes in horns seemed to have things going their way in the early going. Tuesday’s selloff felt like it had been overdone and as such, the bulls were hoping that some positive action early on might get the bears running for cover. In the plus column, stocks were bouncing across the pond, the economic data was a positive for a change as the reports on Nonfarm Productivity and Unit Labor Costs were both ...


David Moenning's Daily State of the Markets: 2/1 Feb 1, 2008 10:13AM

Mr. Softie Gets Hostile

Thursday started off like most other days so far this year with bad news on the subprime and economic fronts causing stocks to dive nearly 200 points right out of the gate. The rather surprising increase in weekly jobless claims coupled with a report from S&P saying that we should expect something
like $70B in additional writedowns appeared to give the ball back to the bears. And after Wednesday's big reversal following the Fed's big news, it felt like the retest of the lows was on.

But a funny thing happened on the way to the slaughter - it just didn't happen. A conference call with bond insurer MBIA Inc (MBI) appeared to turn the tide against our furry friends as the company said that it expects to maintain its triple-A rating. This news, coupled with the Fed's big bang, some short-covering ...