Upgrades and Downgrades - Amazon.com, Citrix Systems, Overstock.com, General Motors

Here are a few of the analyst upgrades and downgrades that I thought were worth noting this morning…Upgrades Agilent (A) Blockbuster (BBI) Broadcom (BRCM) Citrix Systems (CTXS)Downgrades Amazon.com (AMZN) Biogen Idec (BIIB) [multiple] Electronic Arts (ERTS) General Motors (GM) HCR Manor Care (HCR) Navigators Group (NAVG) Overstock.com (OSTK) Syngenta (SYT) THQ Inc (THQI) …(Read More)

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At the Open - Selling Pressure Continues

The opening bell has rung and here is what I see…Pre-open stock futures suggested weakness and that is what we have seen in the early action of the broad market indices…(Read More)

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The! Biggest! News! of! the! Day! - Not Ericsson Warning, Genentech Earnings, Bernanke Comments, or Oil Surge

Here are some of the contenders for today’s biggest…news…of…the…day…  A warning from Ericsson (ERIC) that third-quarter profits would miss expectations…Earnings from Genentech (DNA) that were slightly better-than-expected…but revenues were light…Comments from Ben Bernanke that “that lenders and investors must bear responsibility for financial decisions that caused the subprime mortgage meltdown”…The surge in oil […]

Stocks Showing Unusually Heavy Volume - Biogen Idec, Medtronic, CEPHEID, Clean Energy Fuels

Here are the results for today’s unusual stock volume scan. The scan looks at the previous day’s volume and compares it to the recent average volume…(Read More)

The Early View - Yesterday’s Weakness Continues, Ericsson Warns, Genentech Reports

Good morning everyone - welcome to the second day of the trading week where we follow yesterday’s loss with weakness in pre-open stock futures…The S&Ps are more than five points below fair value…(Read More)

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