Comverge, Inc. (NASDAQ: COMV) was today downgraded by Ardour Capital to Hold from Buy, and reduced their price target to $11.50 from $17. COMV is now down 4.81% at $10.09. In the last six months, COMV is up only 3%.
Chordiant Software, Inc. (NASDAQ: CHRD) was today downgraded by Wedbush Morgan to Neutral from Out Perform and reduced its price target from $4.75 to $3.50. Now, CHRD is down 9.16% to $2.92.
Verisign, Inc. (NASDAQ: VRSN) fell 1.23% to $21.61 on 1.45 million shares after Wedbush Morgan downgraded VRSN to Neutral from Outperform and also reduced its price target from $25 to $23.
CSX Corporation (NYSE: CSX) fell 1.30% to $48.46 on 834K shares in the morning trading hours. Today Stifel Nicolaus downgraded CSX to Hold from Buy. So far this year, CSX gained over 49%.
Bank of Florida Corporation (NASDAQ: BOFL) plummeted 19.60% to $0.800 after Stifel Nicolaus downgraded BOFL to Sell from Buy. BOFL also made a 52 week low at $0.68.
There will be blood all right and not just in oil which suffered a steep drop to fall for the first day in four. As Twilight tweens screamed to see another gory story at the box office S&P 500 equities endured their worst bloodbath of the month. This after the Big Board’s opening bell was rung by big wigs at a Beijing based blood bank. Suffice to say its shares slid in common with myriad other banks after more mortgage-backed pessimism from Meredith.Meanwhile analyst advice against bottom fishing for chips caused semis to slide. See also Inventory in Semiconductors ...
CSX (NYSE: CSX) closed yesterday at $49.14. So far the stock has hit a 52-week low of $20.70 and 52-week high of $50.15. CSX stock has been showing support around 48.17 and resistance in the 50.29 range. Technical indicators for the stock are Bullish and S&P gives CSX a positive 4 STAR (out of 5) buy ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
As the old saying goes, “You’re either a contrarian, or a victim.”
It just so happens that one of the savviest contrarians I know is my colleague, Louis Basenese.
And nobody takes that to heart more than Lou does. I’ve scratched my head in bewilderment on many occasions after reading one of Lou’s bold ...
by David Fessler, Energy & Infrastructure Expert
Friday, November 20, 2009: Issue #1142
As the old saying goes, “You’re either a contrarian, or a victim.”
It just so happens that one of the savviest contrarians I know is my colleague, Louis Basenese.
And nobody takes that to heart more than Lou does. I’ve scratched my [...]
As the old saying goes, “You’re either a contrarian, or a victim.”
It just so happens that one of the savviest contrarians I know is my colleague, Louis Basenese.
And nobody takes that to heart more than Lou does. I’ve scratched my head in bewilderment on many occasions after reading one of Lou’s bold predictions – only to see his intuition prove uncanny time after time.[More...]
BloggingStocks: Now that Warren Buffett likes the railroads, maybe you should consider shares in one, too, and that's one reason I'm reiterating my Buy rating for eastern U.S. railroad CSX Corporation (CSX), first recommended on May 1, 2009 at a price of $30.56. If ... Read more
It was a volatile morning while stocks bounced around and experienced fast swings in a tight range. We got shaken out of a couple of trades in the morning. But, soon, much attention turned to gold as it rallied to a new record high, trading above $1084/ounce! Gold surged on news that the Reserve Bank [...]
Companies featured in this segment: Norfolk Southern Corporation’s (NYSE:NSC), CSX Corporation (NYSE:CSX), Northrop Grumman Corporation (NYSE:NOC), Allegheny Energy (NYSE:AYE), Ameren Services Company (NYSE:AEE), Vectren Corporation (NYSE:VVC), American Electric Power (NYSE:AEP), Duke Energy Corporation’s (NYSE:DUK), AREVA (EPA:CEI)
Companies featured in this segment: General Electric Company (NYSE:GE), CSX Corporation (NYSE:CSX), Burlington Northern Santa Fe Corporation (NYSE:BNI), Union Pacific Corporation (NYSE:UNP), General Motors Corporation (OTC:GMGMQ), National Grid plc (NYSE:NGG), Siemens AG (NYSE:SI), and E.ON AG (OTC:EONGY)
Siemens AG (NYSE:SI), Abbott Laboratories (NYSE:ABT), CSX Corporation (NYSE:CSX), E.ON AG (OTC:EONGY), Maire Tecnimont SpA (BIT:MT), Saudi Basic Industries Corporation (SAU:2010), Takeda Pharmaceutical Company (TYO:4502), Alstom SA (EPA:ALO), GDF Suez SA (EPA:GSZ), and Bharat Heavy Electricals Limited (BSE:500103)
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