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Wednesday, October 17, 2007 

Stock on move this afternoon

Take a look at some stocks that are showing good and poor performance today:


Most actives : INTC , YHOO , MSFT

Gainers : TSON , NRMX , CNTF , LCRY , FTEK

Losers : EXAS , IMH , TGIC , RDN , SPC , MTG


Macro Economic news :

- The Consumer Price Index for September rose .3% versus estimates of a .2% gain and a -.1% decline in August.

- The CPI Ex Food and Energy for September rose .2% versus estimates of a .2% increase and a .2% gain in August.

- Housing Starts for September fell to 1191K versus estimates of 1280K and 1327K in August.

- Building Permits for September fell to 1226K versus estimates of 1285K and 1322K in August.


Buy / Sell Recommendations :

YHOO - Analysts at UBS reiterate their "buy" rating on Yahoo! Inc. The target price has been raised from $35 to $36. - Analysts at RBC Capital Markets reiterate their "outperform" rating on Yahoo! Inc. The target price has been raised from $34 to $36.

MCBC - Analysts at RBC Capital Markets maintain their "underperform" rating on Macatawa Bank Corporation, while reducing their estimates for the company. The target price has been reduced from $13 to $11.

ADBE -
Analysts at Lehman Brothers reiterate their "overweight" rating on Adobe Systems Incorporated. The target price has been raised from $48 to $50.

LVLT -
Analysts at Cowen & Co downgrade Level 3 Communications Inc from "outperform" to "neutral".

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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