BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Sprint Nextel scores upgrade, pays off $1B loan]]>http://www.bloggingstocks.com/2009/11/16/sprint-nextel-scores-upgrade-pays-off-1b-loan/http://www.bloggingstocks.com/2009/11/16/sprint-nextel-scores-upgrade-pays-off-1b-loan/http://www.bloggingstocks.com/2009/11/16/sprint-nextel-scores-upgrade-pays-off-1b-loan/#commentsFiled under: , , , , , ,

Sprint Nextel (S) reported this morning that it paid off an outstanding loan worth $1 billion on its $4.5 billion revolving credit facility. As a result, the wireless company no longer has an outstanding balance on its revolving credit facility. At the end of the third quarter, Sprint had $5.9 billion on hand in cash, cash equivalents, and short-term investments, plus $1.6 billion in borrowing capacity under its revolving bank credit facility.


In other Sprint news this morning, Sprint shares were upped from "neutral" to "outperform" at Credit Suisse. Analyst Jonathan Chaplin set his price target at $6, asserting that the company will benefit from cost cutting, stronger sales of prepaid service, and improved customer retention trends. Sprint's stock settled Friday at $3.10, so Chaplin's price target implies expected upside of nearly 94%.

Continue reading Sprint Nextel scores upgrade, pays off $1B loan

Sprint Nextel scores upgrade, pays off $1B loan originally appeared on BloggingStocks on Mon, 16 Nov 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>call volumeCallVolumeCredit SuisseCreditSuisseinthenewsJonathan ChaplinJonathanChaplinoptionsrevolving credit facilityRevolvingCreditFacilitysshort interestshort sellersShortInterestShortSellersSprint NextelSprintNexteltechnical analysisTechnicalAnalysisMon, 16 Nov 2009 14:00:00 EST<![CDATA[Analyst upgrades, downgrades and initiations: DLTR, JCP, JWN, LEA, RIMM, S ...]]>http://www.bloggingstocks.com/2009/11/16/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/11/16/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/11/16/analyst-upgrades-downgrades-and-initiations/#commentsFiled under: , , , , , ,

Analyst upgrades:

  • Credit Suisse upgraded Sprint Nextel (S) to outperform from neutral and raised its target to $6 from $4. The firm believes Sprint Nextel's core business is turning and that valuation is attractive. Credit Suisse also added Sprint Nextel to its Focus List.
  • Goldman expects Nordstrom (JWN) to benefit from a recovery in the high-end consumer. The firm upgraded shares to buy from neutral and raised its target to $41 from $39.
  • Deutsche Bank remains cautious on the Dry Bulk sector long-term but expects increased Q4 day rates. The firm upgraded Genco (GNK) to buy from hold and raised its target to $31 from $24; the firm also upgraded Eagle Bulk (EGLE) to hold from sell.
  • Steelcase (SCS) was upgraded to buy from hold at BB&T.
  • United Rentals (URI) was upgraded to outperform from perform at Oppenheimer.
  • GLG Partners (GLG) was upgraded to outperform from market perform at Keefe Bruyette.
  • Ladish (LDSH) was upgraded to outperform from market perform at FBR Capital.

Continue reading Analyst upgrades, downgrades and initiations: DLTR, JCP, JWN, LEA, RIMM, S ...

Analyst upgrades, downgrades and initiations: DLTR, JCP, JWN, LEA, RIMM, S ... originally appeared on BloggingStocks on Mon, 16 Nov 2009 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>analyst upgradesAZNCADXDLTRdowngradesEGLEGLGGNKGSKIMinitiationsinthenewsJCPJWNLDSHLEALNCENVSRIMMSCSSHPGYSNYSprintURIWXZAGGMon, 16 Nov 2009 11:40:00 EST<![CDATA[Clearwire nabs $1.5 billion]]>http://www.bloggingstocks.com/2009/11/10/clearwire-nabs-1-5-billion/http://www.bloggingstocks.com/2009/11/10/clearwire-nabs-1-5-billion/http://www.bloggingstocks.com/2009/11/10/clearwire-nabs-1-5-billion/#commentsFiled under: , ,

The vision of Clearwire (CLWR) is definitely ambitious: to "give you faster Internet at home, at work and on the go, so that people everywhere will have the magic of the Internet with them all the time." This means building a sophisticated network across the country, which does not come cheap.

Tuesday, Clearwire announced yet another financing round, which comes to $1.56 billion. The investors include Sprint Nextel (S), Comcast (CMCSA), Time Warner Cable (TWC), Intel (INTC), Eagle River Holdings LLC, and Bright House Networks LLC.

Continue reading Clearwire nabs $1.5 billion

Clearwire nabs $1.5 billion originally appeared on BloggingStocks on Tue, 10 Nov 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>4GBright House NetworksClearwireCLWRCMSCAComcastEagle River HoldingsGOOGGoogleINTCIntelinthenewsSprint NextelTime Warner CableTWCVerizonVZTue, 10 Nov 2009 14:00:00 EST<![CDATA[Before the bell: Futures climb as Wall Street eyes deals]]>http://www.bloggingstocks.com/2009/11/09/before-the-bell-futures-climb-as-wall-street-eyes-deals/http://www.bloggingstocks.com/2009/11/09/before-the-bell-futures-climb-as-wall-street-eyes-deals/http://www.bloggingstocks.com/2009/11/09/before-the-bell-futures-climb-as-wall-street-eyes-deals/#commentsFiled under: , , , , , , , , ,

U.S. stock futures climbed significantly higher Monday morning, pointing to a strong open on Wall Street following gains in overseas stock markets. With little in the way of economics data and earnings, investors mostly are following several potential deal news.

Last week, with mostly encouraging economic data and generally better-than-expected earnings, the Dow reclaimed the 10,000 mark and remained above it despite the unemployment rate reaching 10.2%. It seems for now, the promise of a recovery and a Federal Reserve that's keeping stimulating policies are enough to boost sentiment.

Continue reading Before the bell: Futures climb as Wall Street eyes deals

Before the bell: Futures climb as Wall Street eyes deals originally appeared on BloggingStocks on Mon, 09 Nov 2009 07:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredMon, 09 Nov 2009 07:40:00 EST<![CDATA[Verizon to unveil Droid Eris phone for $99 -- and kills Sprint Nextel's $180 price for the HTC Hero]]>http://www.bloggingstocks.com/2009/11/05/verizon-to-unveil-droid-eris-phone-for-99-and-kills-sprint-n/http://www.bloggingstocks.com/2009/11/05/verizon-to-unveil-droid-eris-phone-for-99-and-kills-sprint-n/http://www.bloggingstocks.com/2009/11/05/verizon-to-unveil-droid-eris-phone-for-99-and-kills-sprint-n/#commentsFiled under: , , ,

While Sprint Nextel Corp. (NYSE: S) continues losing hundreds of thousands of customers every quarter, it has actually raised the bar on offering cutting-edge smartphones at the same time. Smartphones, which are slowly but surely replacing the standard cellphone for the typical "always need to be connected" consumer, are helping wireless carriers drum up wireless data revenue to replace the lost voice revenue as customers talk less.

Continue reading Verizon to unveil Droid Eris phone for $99 -- and kills Sprint Nextel's $180 price for the HTC Hero

Verizon to unveil Droid Eris phone for $99 -- and kills Sprint Nextel's $180 price for the HTC Hero originally appeared on BloggingStocks on Thu, 05 Nov 2009 13:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>aaplDroid EridDroidEridgoogHTC HeroHTC SprintHtcHeroHtcSprintinthenewsiphonestVerizon DroidVerizonDroidThu, 05 Nov 2009 13:50:00 EST<![CDATA[TeleNav IPO: On a collision course with Google?]]>http://www.bloggingstocks.com/2009/11/03/telenav-ipo-on-a-collision-course-with-google/http://www.bloggingstocks.com/2009/11/03/telenav-ipo-on-a-collision-course-with-google/http://www.bloggingstocks.com/2009/11/03/telenav-ipo-on-a-collision-course-with-google/#commentsFiled under: , , , ,

Founded in 1999, TeleNav was one of the first companies to deploy GPS navigation on a cell phone in North America. Now, the company has more than 11 million paying end users.

What's next? TeleNav has filed for an IPO.

The flagship of the company is the GPS Navigator, which is more than just a GPS device with cool features like real-time traffic alerts, weather content, route-planning and so on.

Continue reading TeleNav IPO: On a collision course with Google?

TeleNav IPO: On a collision course with Google? originally appeared on BloggingStocks on Tue, 03 Nov 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredgooggrmnIPOstTeleNavtomtomTue, 03 Nov 2009 12:00:00 EST<![CDATA[Earnings highlights: Aflac, Avon, BP, Hershey, Kellogg, Nintendo, P&G, Sprint ... ]]>http://www.bloggingstocks.com/2009/10/31/earnings-highlights-aflac-avon-bp-hershey-kellogg-nintendo/http://www.bloggingstocks.com/2009/10/31/earnings-highlights-aflac-avon-bp-hershey-kellogg-nintendo/http://www.bloggingstocks.com/2009/10/31/earnings-highlights-aflac-avon-bp-hershey-kellogg-nintendo/#commentsFiled under: , , , , , , , , , ,

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Aflac, Avon, BP, Hershey, Kellogg, Nintendo, P&G, Sprint ...

Earnings highlights: Aflac, Avon, BP, Hershey, Kellogg, Nintendo, P&G, Sprint ... originally appeared on BloggingStocks on Sat, 31 Oct 2009 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AFLAflacAvonAVPBPCorningDAIDaimlerearningsExxon MobilGDGeneral DynamicsHersheyHSYJim CramerKelloggMcGraw-HillMHPNintendoNTDOYPGProcter and GambleSAPSNESonySprint NextelTootsie RollTRU.S. SteelWashington PostWellPointWiiWLPWPOXOMSat, 31 Oct 2009 10:10:00 EST<![CDATA[Sprint Nextel continues losing customers, money in Q3]]>http://www.bloggingstocks.com/2009/10/30/sprint-nextel-continues-losing-customers-money-in-q3/http://www.bloggingstocks.com/2009/10/30/sprint-nextel-continues-losing-customers-money-in-q3/http://www.bloggingstocks.com/2009/10/30/sprint-nextel-continues-losing-customers-money-in-q3/#commentsFiled under: ,

Sprint Nextel Corp. (NYSE: S) has been on a roll lately. The third-largest wireless carrier in the U.S. has been releasing a whole crop of new cutting-edge phones, has improved its customer service and seems to be on the way to a recovery. Well, everything but that last part.

Sprint Nextel, yet again, lost hundreds of thousands of customers in its most recent quarter in spite or marked improvements throughout its business.

Continue reading Sprint Nextel continues losing customers, money in Q3

Sprint Nextel continues losing customers, money in Q3 originally appeared on BloggingStocks on Fri, 30 Oct 2009 12:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dan hesseinthenewssprint nextelsprint nextel corp.Fri, 30 Oct 2009 12:15:00 EST<![CDATA[Before the bell: Stock futures higher ahead of GDP data]]>http://www.bloggingstocks.com/2009/10/29/before-the-bell-stock-futures-higher-ahead-of-gdp-data/http://www.bloggingstocks.com/2009/10/29/before-the-bell-stock-futures-higher-ahead-of-gdp-data/http://www.bloggingstocks.com/2009/10/29/before-the-bell-stock-futures-higher-ahead-of-gdp-data/#commentsFiled under: , , , , ,

U.S. stock futures were mildly higher, indicating a positive open for this Thursday morning following the previous session's sell-off. However, all bets are off before the U.S. releases third quarter gross domestic product that would give a better picture of the state of the U.S. economy and growth. The GDP data will no doubt affect investors' mood once released at 8:30 a.m., or an hour before the opening bell.

[Update 9:00 a.m.: The economy grew at a 3.5% pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. Futures got a boost from the reading.]

Economists expect GDP to have grown at a 3.2% annualized rate in the third quarter, according to Briefing.com after shrinking at an 0.7% annualized rate in the second quarter. If true, it would mean the economy is back on its feet after being knocked over by the worst recession since the 1930s. But many attribute the growth to government support programs such as cash for clunkers and mortgage modification and wonder what the fate of the economy be once gone.

Continue reading Before the bell: Stock futures higher ahead of GDP data

Before the bell: Stock futures higher ahead of GDP data originally appeared on BloggingStocks on Thu, 29 Oct 2009 07:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Thu, 29 Oct 2009 07:35:00 EST<![CDATA[Deutsche Telekom CEO: No interest in acquiring Sprint Nextel]]>http://www.bloggingstocks.com/2009/10/20/deutsche-telekom-ceo-no-interest-in-acquiring-sprint-nextel/http://www.bloggingstocks.com/2009/10/20/deutsche-telekom-ceo-no-interest-in-acquiring-sprint-nextel/http://www.bloggingstocks.com/2009/10/20/deutsche-telekom-ceo-no-interest-in-acquiring-sprint-nextel/#commentsFiled under: ,

After more than a year of speculation, it seems that German telecom giant Deutsche Telekom will not buy U.S.-based wireless giant Sprint Nextel Corp. (NYSE: S). Deutsche Telekom CFO Timotheus Hoettges indicated that the American wireless competitive landscape had consolidated enough, and the control that the four largest wireless carries in the U.S. have wouldn't make a purchase wise.

Hoettges was quoted as saying, "There are four national players in the U.S. market for 300 million households, while in Europe, where we have 350 million households, there are 50 to 70 operators." It's pretty clear that he thinks the U.S. wireless market is controlled by an oligopoly of operators, which seem to move in tandem with each other in terms of price control and roll out of new technology. Do the "large four" -- Verizon (NYSE: VZ)Wireless, AT&T (NYSE: T), Sprint Nextel, and T-Mobile USA -- move in lockstep with each other for the most part to not give any of the competition a large advantage?

Continue reading Deutsche Telekom CEO: No interest in acquiring Sprint Nextel

Deutsche Telekom CEO: No interest in acquiring Sprint Nextel originally appeared on BloggingStocks on Tue, 20 Oct 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>deutsche telekominthenewsSprint mergerSprint NextelSprintNextelTue, 20 Oct 2009 12:00:00 EST<![CDATA[Closing Bell: Deals drive home (AMGN, S, IPCS, CIT, FNM, FRE)]]>http://www.bloggingstocks.com/2009/10/19/closing-bell-deals-drive-home-amgn-s-ipcs-cit-fnm-fre/http://www.bloggingstocks.com/2009/10/19/closing-bell-deals-drive-home-amgn-s-ipcs-cit-fnm-fre/http://www.bloggingstocks.com/2009/10/19/closing-bell-deals-drive-home-amgn-s-ipcs-cit-fnm-fre/#commentsFiled under: , , ,

Despite a cautious report from home builders and despite a low volume day, today marked a clear win for the S&P 5000 and for the DJIA. The S&P broke through 1,100 and the DJIA broke through 11,000. We also had two mergers this morning, and while small they are signs that companies are willing to merge once more.

Here were today's closing bell levels:

Dow 10,090.76 +94.85 (0.95%)
S&P 500 1,097.52 +9.84 (0.90%)
Nasdaq 2,175.83 +19.03 (0.88%)

Top 10 Analyst Calls
Top Day Trader Alerts
Top Stock Rumors

Continue reading Closing Bell: Deals drive home (AMGN, S, IPCS, CIT, FNM, FRE)

Closing Bell: Deals drive home (AMGN, S, IPCS, CIT, FNM, FRE) originally appeared on BloggingStocks on Mon, 19 Oct 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>carl icahnCarlIcahncomplete response letterCompleteResponseLetterfdaFREIPCSosteoporosisproliaMon, 19 Oct 2009 16:00:00 EST<![CDATA[Sprint Nextel finally beats iPCS]]>http://www.bloggingstocks.com/2009/10/19/sprint-nextel-finally-beats-ipcs/http://www.bloggingstocks.com/2009/10/19/sprint-nextel-finally-beats-ipcs/http://www.bloggingstocks.com/2009/10/19/sprint-nextel-finally-beats-ipcs/#commentsFiled under:

For the past few years, Sprint Nextel (NYSE: S) has tried to enter the markets of its affiliate, iPCS (NASDAQ: IPCS). The result has been extensive litigation.

Well, in such matters, money is often the solution. So this week, Sprint agreed to purchase iPCS for $831 million (which includes the assumption of $405 million in debt). As a result, the litigation has been suspended.

Continue reading Sprint Nextel finally beats iPCS

Sprint Nextel finally beats iPCS originally appeared on BloggingStocks on Mon, 19 Oct 2009 14:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>iPCSSSprintMon, 19 Oct 2009 14:10:00 EST<![CDATA[Sprint Nextel and Virgin Mobile settle lawsuits over upcoming acquisition]]>http://www.bloggingstocks.com/2009/10/08/sprint-nextel-and-virgin-mobile-settle-lawsuits-over-upcoming-ac/http://www.bloggingstocks.com/2009/10/08/sprint-nextel-and-virgin-mobile-settle-lawsuits-over-upcoming-ac/http://www.bloggingstocks.com/2009/10/08/sprint-nextel-and-virgin-mobile-settle-lawsuits-over-upcoming-ac/#commentsFiled under: ,

Sprint Nextel Corp. (NYSE: S) will be purchasing the prepaid wireless carrier Virgin Mobile USA soon, and the last legal hurdle preventing the finalization of that acquisition seems to be history. Sprint Nextel will settle all the outstanding class-action lawsuits -- many of which see Virgin Mobile's $483 million price tag as undervaluing the company.

So, Sprint will become the leader of value wireless as a result sometime later this year. It already provides the most value-conscious contract wireless customers with values you won't find on any other carrier, like free and unlimited calling at any time to any wireless subscriber in the U.S. on certain plans. Combine that with its Boost Mobile prepaid brand and its $50 "all you can eat" plan, and Virgin Mobile's large customer base, and Sprint's resurgence under CEO Dan Hesse is being built on value more than anything.

Continue reading Sprint Nextel and Virgin Mobile settle lawsuits over upcoming acquisition

Sprint Nextel and Virgin Mobile settle lawsuits over upcoming acquisition originally appeared on BloggingStocks on Thu, 08 Oct 2009 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsSSprint LawsuitsSprint NextelSprint Virgin MobileVirgin MobileThu, 08 Oct 2009 11:40:00 EST<![CDATA[Cramer on BloggingStocks: The fault lies with RIMM ]]>http://www.bloggingstocks.com/2009/09/25/cramer-on-bloggingstocks-the-fault-lies-with-rimm/http://www.bloggingstocks.com/2009/09/25/cramer-on-bloggingstocks-the-fault-lies-with-rimm/http://www.bloggingstocks.com/2009/09/25/cramer-on-bloggingstocks-the-fault-lies-with-rimm/#commentsFiled under: , , , , , , , , ,

TheStreet.com's Jim Cramer says Research In Motion's troubles are an exception to the greatness of the mobile Internet theme.

No, this isn't meant to be a bullish article. I am just trying to put Research In Motion (NASDAQ: RIMM) (Cramer's Take) in perspective because I think that people will confuse the greatness of the mobile Internet theme with the hazards of investing in the BlackBerry maker.

First, you have to ask yourself, what really went wrong with RIMM? Was it demand? No, demand was strong. They actually guided to the upper end of units. The issue was average selling price because it has gotten more competitive out there.

Continue reading Cramer on BloggingStocks: The fault lies with RIMM

Cramer on BloggingStocks: The fault lies with RIMM originally appeared on BloggingStocks on Fri, 25 Sep 2009 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aaplblackberryfeaturedjim cramerJimCramernokpalmrimmsvzFri, 25 Sep 2009 10:30:00 EST<![CDATA[Clearwire eases pressure on Sprint Nextel, says CEO Hesse]]>http://www.bloggingstocks.com/2009/09/23/clearwire-eases-pressure-on-sprint-nextel-says-ceo-hesse/http://www.bloggingstocks.com/2009/09/23/clearwire-eases-pressure-on-sprint-nextel-says-ceo-hesse/http://www.bloggingstocks.com/2009/09/23/clearwire-eases-pressure-on-sprint-nextel-says-ceo-hesse/#commentsFiled under: ,

Clearwire Corp.'s (NASDAQ: CLWR) may be able to relieve some pressure on Sprint Nextel Corp.'s (NYSE: S) national wireless network, according to Sprint CEO Dan Hesse. Although Sprint's existing 3G network is touted to be one of the most reliable in the U.S., moving customers to a more efficient and faster 4G network -- like the ones Clearwire continues to launch -- de-stresses Sprint's existing network.

Continue reading Clearwire eases pressure on Sprint Nextel, says CEO Hesse

Clearwire eases pressure on Sprint Nextel, says CEO Hesse originally appeared on BloggingStocks on Wed, 23 Sep 2009 14:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>4GClearwireDan HesseDanHesseinthenewsLTESSprint nextelSprintNextelWiMAXWed, 23 Sep 2009 14:40:00 EST<![CDATA[Sprint Nextel offers unlimited free calling to any mobile phone in the U.S.]]>http://www.bloggingstocks.com/2009/09/22/sprint-nextel-offers-unlimited-free-calling-to-any-mobile-phone/http://www.bloggingstocks.com/2009/09/22/sprint-nextel-offers-unlimited-free-calling-to-any-mobile-phone/http://www.bloggingstocks.com/2009/09/22/sprint-nextel-offers-unlimited-free-calling-to-any-mobile-phone/#commentsFiled under: ,

Sprint Nextel Corp. (NYSE: S) sent a letter to its Everything Data customers recently informing them that they could now call any mobile phone number in the U.S. -- at any time -- for free.

Sprint's new Any Mobile, Anytime calling plan gives those customers with at least a $70/month bill this new capability.

Continue reading Sprint Nextel offers unlimited free calling to any mobile phone in the U.S.

Sprint Nextel offers unlimited free calling to any mobile phone in the U.S. originally appeared on BloggingStocks on Tue, 22 Sep 2009 10:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ATTFriends and FamilyinthenewsMy CircleSprintSprint NextelSprint unlimited callingSprintNextelTue, 22 Sep 2009 10:50:00 EST<![CDATA[Sprint Nextel gets downgraded as Deutsche Telekom deal becomes more unlikely]]>http://www.bloggingstocks.com/2009/09/17/sprint-nextel-gets-downgraded-as-deutsche-telekom-deal-becomes-m/http://www.bloggingstocks.com/2009/09/17/sprint-nextel-gets-downgraded-as-deutsche-telekom-deal-becomes-m/http://www.bloggingstocks.com/2009/09/17/sprint-nextel-gets-downgraded-as-deutsche-telekom-deal-becomes-m/#commentsFiled under: , ,

Sprint Nextel Corp. (NYSE: S) was just rumored to be under the takeover auspices of European telecom giant Deutsche Telekom. DT has been rumored to be looking strongly at Sprint Nextel to bolster its T-Mobile USA brand in the U.S. But now, that deal appears unlikely according to Thomas Weisel analyst James Breen.

Continue reading Sprint Nextel gets downgraded as Deutsche Telekom deal becomes more unlikely

Sprint Nextel gets downgraded as Deutsche Telekom deal becomes more unlikely originally appeared on BloggingStocks on Thu, 17 Sep 2009 16:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Deutsche TelekomDeutscheTelekomSSprint downgradeSprint NextelSprintDowngradeSprintNextelT-Mobile USAT-mobileUsaThomas WeiselThomasWeiselThu, 17 Sep 2009 16:30:00 EST<![CDATA[Analyst upgrades, downgrades and initiations: ADBE, GIS, MAR, S, TTWO, VZ ...]]>http://www.bloggingstocks.com/2009/09/16/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/09/16/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/09/16/analyst-upgrades-downgrades-and-initiations/#commentsFiled under: , , , , ,

Analyst upgrades:

  • Deutsche Bank upgraded Garmin (NASDAQ: GRMN) to Hold from Sell as it believes the company's second half of 2009 is tracking better than expected due to retailer restocking. Deutsche raised its target on shares to $33 from $15 but thinks Garmin's long-term trends remain unfavorable.
  • Goldman upgraded Fortune Brands (NYSE: FO) to Buy from Neutral citing potential EPS improvement driven by the Home division. Fortune Brands price target to $49 from $45. Note that the firm downgraded General Mills to Neutral from Buy.
  • Oppenheimer upgraded FPIC Insurance (NASDAQ: FPIC) to Outperform from Perform to reflect the company's acquisition of Advocate MD and management's commitment to share repurchases. The firm set a $49 price target on the stock.
  • PPG Industries (NYSE: PPG) and Olin Corp. (NYSE: OLN) were upgraded to Neutral from Sell at UBS.
  • Synovus (NYSE: SNV) was upgraded to Neutral from Underperform at BofA/Merrill.
  • Take-Two (NASDAQ: TTWO) was upgraded to Overweight from Neutral at Piper Jaffray.

Continue reading Analyst upgrades, downgrades and initiations: ADBE, GIS, MAR, S, TTWO, VZ ...

Analyst upgrades, downgrades and initiations: ADBE, GIS, MAR, S, TTWO, VZ ... originally appeared on BloggingStocks on Wed, 16 Sep 2009 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ADBEAdobeanalyst upgradesARDdowngradesEMSFOFPICGeneral MillsGISGRMNHOTHSTinitiationsLHOMARMarriottMSOOLNOMTRPPGPPSSHOSNVSprint NextelTTWOVerizonVZWLPZUMZWed, 16 Sep 2009 10:40:00 EST<![CDATA[Closing Bell: Bulls 97, Bears 4 (BBY, CVM, KR, MSO, HD, MOT, S) ]]>http://www.bloggingstocks.com/2009/09/15/closing-bell-bulls-97-bears-4-bby-cvm-kr-mso-hd-mot-s/http://www.bloggingstocks.com/2009/09/15/closing-bell-bulls-97-bears-4-bby-cvm-kr-mso-hd-mot-s/http://www.bloggingstocks.com/2009/09/15/closing-bell-bulls-97-bears-4-bby-cvm-kr-mso-hd-mot-s/#commentsFiled under: , , , ,

Today was another up day and you have to wonder if the woes of the world we all felt a few short months ago are just gone for good. Bernanke said the recession is effectively lower. The inventories are getting low enough that a manufacturing surge could come. And inflationary fears are not scaring traders. If this was a football game, it seems that the bulls keep scoring, and the bears just got a couple accidental safety scores.

Here are today's unofficial closing bell levels:

Dow 9,683.41 +56.61 (0.59%)
S&P 500 1,052.63 +3.29 (0.31%)
Nasdaq 2,102.64 +10.86 (0.52%)

Top Analyst Upgrades
Top Analyst Downgrades
Top Trader Alerts

Continue reading Closing Bell: Bulls 97, Bears 4 (BBY, CVM, KR, MSO, HD, MOT, S)

Closing Bell: Bulls 97, Bears 4 (BBY, CVM, KR, MSO, HD, MOT, S) originally appeared on BloggingStocks on Tue, 15 Sep 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bernankeinventoryrecessionTue, 15 Sep 2009 16:00:00 EST<![CDATA[T-Mobile parent could snag Sprint Nextel for just over $10 billion]]>http://www.bloggingstocks.com/2009/09/14/t-mobile-parent-could-snag-sprint-nextel-for-just-over-10-billi/http://www.bloggingstocks.com/2009/09/14/t-mobile-parent-could-snag-sprint-nextel-for-just-over-10-billi/http://www.bloggingstocks.com/2009/09/14/t-mobile-parent-could-snag-sprint-nextel-for-just-over-10-billi/#commentsFiled under: ,

Deutsche Telekom may be looking to beef up its T-Mobile USA wireless brand with a takeover of troubled Sprint Nextel Corp. (NYSE: S).

Although Sprint Nextel has made strides in trying to keep valuable contract wireless customers, it continues to lose hundreds of thousands of them per quarter. The one bright spot: it's adding hundreds of thousands of less-profitable prepaid wireless customers at the same time through its Boost Mobile prepaid brand.

Continue reading T-Mobile parent could snag Sprint Nextel for just over $10 billion

T-Mobile parent could snag Sprint Nextel for just over $10 billion originally appeared on BloggingStocks on Mon, 14 Sep 2009 14:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Deutsche TelekominthenewsSSprint NextelSprintNextelT-Mobile USAMon, 14 Sep 2009 14:40:00 EST