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Over the weekend, global leaders including President Obama, abandoned any pretense that next month's long-hyped gathering in Copenhagen would yield meaningful results. For true believers this is blasphemy.
Theflyonthewall.com is Wall Street's specialist in breaking equity news. Veteran traders build a proprietary feed of news that's faster and more relevant than any other source. Try us for free and discover for yourself.
With the Obama administration now spreading around $3.4 billion in electrical infrastructure funding, it pays to know where the money's going. $3.4 billion in grants: Who won? Ways to play: stocks vs. ETFsSmart grid's ‘ripple effect’ on energy demand[More...]
Exelon Corporation (EXC) reported third-quarter earnings per share [EPS] of 96 cents per diluted share, a penny above the Zacks Consensus Estimate. However, it fell short of the year-ago figure of $1.07 per diluted share.
On a year-over-year basis, the fall in EPS was primarily due to lower energy gross margins, higher generation costs, cool [...]
Asian shares were mostly higher Monday with S.Korean shares helped by upbeat economics.Bank failures in US exceed 100 for this year, most closings since 1992.China's September coal imports increase 7% from August as economy recoversOil prices slipped to near $80 a barrel in AsiaDollar falls versus Euro as recovery signs, stock gains sap safety demand.Japan to punish BNP Paribas's unit over convertible bond, share price manipulation.Japan's PM Hatoyama says recovery 'unpredictable,’ unemployment may worsen.S Korea's Q3 GDP rises 2.9% - fastest quarterly pace in more than seven years.SEC considering filing securities fraud charges against ICAP's US subsidiary.[More...]
Robert W. Baird gave the Diversified Utilities industry some bad news as it announced a downgrade on one of its stocks.
Integrys Energy Group, Inc. (TEG) [Chart - News - Analysis] was downgraded from Outperform » Neutral on 10/12/2009---a negative sign for the stock that investors will have to endure. FYI, Robert W. Baird uses the following rating scale when analyzing stocks: Outperform, Neutral, Underperform.
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Integrys Energy Group, Inc. has an average analyst recommendation score of 2.2 and competes for investment dollars with Exelon Corp. (EXC) [Chart - News - Analysis] and Public Service Enterprise Group Inc. (PEG) [Chart - News - Analysis]---two other stocks in the Diversified Utilities industry that have average analyst recommendation scores of 2.2 and 2.2 respectively.
Analyst recommendations are averaged and scored using the following rating scale:
- 1.0 = Strong Buy
- 2.0 = Buy
- 3.0 = Hold
- 4.0 = Sell
- 5.0 = Strong Sell
Why are Upgrades and Initiations Good and Downgrades Bad?
One event that is almost certain to get a reaction from Wall Street is an analyst upgrade or downgrade. Everyone is looking for an edge in the stock market, and quite often, traders turn to stock analysts to get that edge.
Upgrades and coverage initiations are typically good for stocks because they show that analysts either believe that the stock is going to perform better in the future or that the stock is worth covering and providing analysis on.
Downgrades are typically bad for stocks because they show that analysts believe that the stock is going to perform worse in the future.
A stock analysts is a person---typically employed by a large bank, investment firm or analysis company---who devotes his/her life to learning and making predictions about a company and its future performance.
Stock analysts sift through company reports and filings, talk to company management, probe customers and competitors and basically do whatever they can to find out if a company is healthy and growing or sick and shrinking. Because this is incredibly demanding work, stock analysts typically only monitor one or two companies at a time.
Wunderlich gave the Diversified Utilities industry some good news as it announced it has initiated coverage on one of its stocks.
Northeast Utilities (NU) [Chart - News - Analysis] was given a rating of Buy on 10/8/2009---a positive sign for the stock that investors typically welcome. FYI, Wunderlich uses the following rating scale when analyzing stocks: Accumulate, Buy, Hold, Sell.
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Northeast Utilities has an average analyst recommendation score of 2.0 and competes for investment dollars with Exelon Corp. (EXC) [Chart - News - Analysis] and Public Service Enterprise Group Inc. (PEG) [Chart - News - Analysis]---two other stocks in the Diversified Utilities industry that have average analyst recommendation scores of 2.2 and 2.2 respectively.
Analyst recommendations are averaged and scored using the following rating scale:
- 1.0 = Strong Buy
- 2.0 = Buy
- 3.0 = Hold
- 4.0 = Sell
- 5.0 = Strong Sell
Why are Upgrades and Initiations Good and Downgrades Bad?
One event that is almost certain to get a reaction from Wall Street is an analyst upgrade or downgrade. Everyone is looking for an edge in the stock market, and quite often, traders turn to stock analysts to get that edge.
Upgrades and coverage initiations are typically good for stocks because they show that analysts either believe that the stock is going to perform better in the future or that the stock is worth covering and providing analysis on.
Downgrades are typically bad for stocks because they show that analysts believe that the stock is going to perform worse in the future.
A stock analysts is a person---typically employed by a large bank, investment firm or analysis company---who devotes his/her life to learning and making predictions about a company and its future performance.
Stock analysts sift through company reports and filings, talk to company management, probe customers and competitors and basically do whatever they can to find out if a company is healthy and growing or sick and shrinking. Because this is incredibly demanding work, stock analysts typically only monitor one or two companies at a time.
Companies featured in this segment: PG&E Corp. (NYSE:PCG), Exelon (NYSE:EXC), PNM Resources (NYSE:PNM), Duke Energy (NYSE:DUK), Chicago Bridge & Iron Company NV (NYSE:CBI), Tesoro Corporation (NYSE:TSO), BP plc (NYSE:BP), Foster Wheeler AG (NASDAQ:FWLT)
Companies featured in this segment: Dynegy (NYSE:DYN), Exelon Corporation (NYSE:EXC), Sempra Energy (NYSE:SRE), American Electric Power (NYSE:AEP), General Motors Corporation (NYSE:GM), Southern Union Company (NYSE:SUG), Electricite de France SA (EPA:EDF), and Areva SA (EPA:CEI)
Companies featured in this segment: Genentech (NYSE:DNA), Roche Holding Limited (OTC:RHHBY), NRG Energy Incorporated (NYSE:NRG), Exelon Corporation (NYSE:EXC), DTE Energy (NYSE:DTE), KHD Humboldt Wedag International Limited (NYSE:KHD), Dresser-Rand Group Incorporated (NYSE:DRC), Royal Dutch Shell plc (NYSE:RDS.A), National Grid Plc (NYSE:NGG), Scottish and Southern Energy Plc (LSE:SSE), Iberdrola SA (MCE:IBE), Royal Bank of Canada Capital Markets (TSX:RY), Willis Group Holdings Limited (NYSE:WSH), Aventine Renewable Energy Incorporated (NYSE:AVR), General Motors Corporation (NYSE:GM), Ford Motor Company (NYSE:F) and Chrysler LLC.
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