Archive for June 23rd, 2009

Select financial stocks outgain the rest of the pack (UBS)

A fairly broad selection of financial stocks are moving higher in premarket trading as of 8:45 on Tuesday, even though the XLF is closely tracking the market with about a 1% gain. UBS AG (NYSE: UBS) shares were among the most active. The Justice Department may drop a legal case that would have required UBS [...]

Intel creeps higher in the premarket on possible deal (INTC)

Intel Corp. (Nasdaq: INTC) shares are up less than 2% in average premarket trading volume, although it remains a stock to watch. According to Bloomberg, Intel will announce today that it plans to sell processors to Nokia Corp. (NYSE: NOK) to use in mobile devices offered by the leading cell phone maker. Financial details were not provided. [...]

It's been a while, but Motorola rises on an upgrade (MOT)

Motorola Inc. (NYSE: MOT) shares are up 4% in premarket trading after analysts at Bank of America raised their rating to Buy from Neutral, and their price target on the stock to $9 from$ $7. Based upon a $6.03 close Monday, that is almost 50% upside projected. B of A believes that Motorola is having at least [...]

Index funds will be forced to buy MetroPCS (PCS)

MetroPCS shares are up about 5% in the premarket on strong early volumes after S&P announced it will be added to the S&P 500 Index, in place of Tyco. Index funds tracking the S&P 500 will need to buy about 25 million shares of the stock cumulatively. S&P 500 inclusion does not always boost a [...]

Starbucks leads stocks percolating on analyst actions (SBUX, ETFC)

Starbucks Corp. (Nasdaq: SBUX) shares are up about 2% on fairly strong premarket volumes after analysts at Robert Baird upgraded the shares to an Outperform rating, raising their price target to $17 from $15. Analysts noted that industry traffic has improved over the past three months and that the company continues to make cost cuts. [...]

Smith & Wesson only looked on target (SWHC)

Smith & Wesson Holding corp (Nasdaq: SWHC) shares are down about 3% in early premarket trading on strong volume after the handgun manufacturer beat earnings expectations by $0.02 a share last night, but reported that it expects a slide in order backlog for its fiscal first quarter. Industrywide, the company reported only 15 percent growth [...]