JPMorgan

Shares of Marvell (NASDAQ: MRVL) are trading down today before the company releases its fourth quarter earnings, expected after the market closes on Thursday, March 4, 2010. Shares are down 1.03% to $20.17 in the late-morning session, on a relatively 'up' day in the market.

MRVL is expected to post an EPS of $0.37 on revs of $840.89 million. The company posted a solid Q309 with a $0.35 EPS and $803.1 million in revs. Last year, for Q408, Marvell beat estimates with a $0.05 EPS and revs of $513 million. The company also cut 15% of their jobs since then.

Shares of Marvell shot up 26.9% through Q409, from $13.73 at the close October 30, 2009, to $17.43 at the close on January 29, 2009. The stock also gained 211% through 2009.

UPGRADES:
Goldman Sachs upgrades Potash Corp (NYSE: POT) from Neutral to Buy with a $140 price target. Click Here for more color.

Oppenheimer upgrades Brocade Communications (NASDAQ: BRCD) from Perform to Outperform. Price target $8.50.

Barclay's gets sunny on several stocks:
SunPower (NASDAQ: SPWRA)
upgraded to Overweight from Equal Weight, maintaining their price target of $35;
Suntech Power Holdings Co. (NYSE: STP) upgraded to Overweight from Equal Weight, raising their price target to $20 from $15; and
JA Solar (NASDAQ: JASO) from Equal Weight to Overweight, lifting ...

UPGRADES:
Goldman Sachs upgrades Juniper Networks, Inc. (Nasdaq: JNPR) from Neutral to Buy and raises their price target from $24 to $29. Click here for some more color on the upgrade.

J.P. Morgan upgrades Con-way (NYSE: CNW) from Neutral to Overweight.

Citi upgrades E*TRADE (Nasdaq: ETFC) ...

UPGRADES:
JP Morgan upgrades Continental (NYSE: CAL) from Neutral to Overweight with a $13 price target, citing valuation after recent sell-off.

Credit Suisse upgrades Domtar (NYSE: UFS) from Neutral to Outperform.

UBS upgrades China ...

Jailbreak!

Okay, let’s see a show of hands; how many really thought the recent trading range was going to break to the upside? How many were mentally bracing for another month or so of the back and forth, directionless market misery? How many thought that the combination of higher oil, GM filing for bankruptcy, and a new cycle high for interest rates would have produced a blast to the upside in the stock market? And how many are still looking for that retest of the lows the bears are so fond of talking about?

Forget that the technical analysis textbooks suggested that what was unfolding in May was a consolidation pattern. Forget the fact that a sideways consolidation usually ends with the index exiting the pattern in the same direction it was heading when it entered. The bottom line is it was hard to get past all the bad news ...