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Stock Research Updates: JDS Uniphase Boosted by High Fiber Optic Diet

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Wall Street ratings agencies set the tone for today's stock market.

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MINYANVILLE ORIGINAL Santa seemed to lose his way a little in Monday's shortened session, which traditionally marks the start of Wall Street's "Santa Claus rally." But on this occasion, we saw stocks fall for a third session in four. Perhaps his compass was overly dependent on Garmin (GRMN), which gaped down 1.0%, or worse still, one of those infernal Apple (AAPL) map apps.

Shares endured their worst pre-Christmas trading day since 2006, thus making a mockery of what has historically been the single best month of the year in the markets. Bah humbug - "History is bunk," as Henry Ford (F) famously said and, after his car company jumped 4.55% to top the entire S&P 500 Index (^GSPC), he can certainly afford to be skeptical.

Other good gainers on an otherwise down day included aircraft outfit Fly Leasing (FLY), which rose 1.94% after upbeat comments at Citigroup (C), which once got into awfully hot water hosting the Money Honey on its own private jet. Similarly bullish analyst chatter sent Yahoo (YHOO) surging 1.55%, which was music to the ears of its classically trained ballerina CEO Marissa Mayer, especially as it coincided with an NYSE visit by a ballet troupe. On the same hallowed halls, as is tradition, traders sang the iconic 1905 song "Wait 'Till the Sun Shines, Nellie," but a fat lot of good that did First Solar (FSLR), which slumped 2.13%.

Adopting the twin colors of the season, Greenbrier (GBX) was a sea of red, tumbling another 3.10%. And beleaguered Herbalife (HLF) fell a further 4.44% even after its CEO - who has clearly studied his Bill And Ted - called Bill (Ackman's) pyramid-scheme allegation "bogus." Today at 10:00 a.m. Eastern, analysts expect a decrease in December's Richmond Federal Reserve survey of regional manufacturing activity.

Aegerion Pharmaceuticals (AEGR): Shares are up ahead of this morning's opening bell after Leerink Swann took its price target up by $5, to $30. JPMorgan is also reiterating its Overweight rating on the name after its Juxtapid product was approved.

Cabela's (CAB): Shares are reiterated as a top pick at Northland Securities.

Callidus Software (CALD): Northland is bullish on the stock this morning, saying its channel checks are positive and indicate healthy customer demand, with purchases skewing more towards broader product suites. Its Outperform recommendation and $8 price objective is reiterated.

JDS Uniphase (NASDAQ:JDSU): Piper Jaffray increases its price objective on the fiber optic outfit to $16 from $12 and reaffirms its recommendation of Overweight. The broker says the optical sector will see improved demand trends in 2013.

Mosaic (MOS): Goldman Sachs says fundamentals at the fertilizer firm are approaching a trough.

Southcross Energy Partners (SXE): The limited partnership is launched at an Outperform with Wells Fargo.

Yum Brands (NYSE:YUM): The owner of KFC, Pizza Hut, and Taco Bell, up 1.77% in Monday's down market, is mentioned positively at Bank of America-Merrill Lynch. A buying opportunity is seen in the wake of last week's steep slide in the share price.
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No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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