Market Overview

Two Winning Analyst Rating Trades for June 15

Related SAI
Benzinga's Top Initiations
SAIC Board of Directors Approves Spin-Off of its Services Business; Will Change Name to Leidos Holdings; Immediately AfterSseparation, Leidos to Effectuate a 1:4 Reverse Stock Split

Analyst ratings didn't fail to move stocks in their implied directions today. 12 out of 13 stocks subjected to upgrades appreciated from the opening prices. Four of them have edged down since, but 12 out of 13 before lunch is no small feat.

Here are two of today's highest-return moves with respective rating firms"

JP Morgan on SAIC

JP Morgan upgraded SAIC (NYSE: SAI) from Neutral to Overweight with a $13 price target. Shares opened at $11.88 and reached a high of $12.42 minutes at 12:00pm, a 3.3 percent gain. Benzinga reported this change at 6:03 AM.

Citigroup on Nokia

Citigroup upgraded Nokia Corporation (NYSE: NOK) from Sell to Neutral after shares experienced tough trading yesterday. NOK opened at $2.36 and reached $2.49 by 11:36 AM, a 5.5 percent gain in a little over two hours. Benzinga reported this change at 5:59 AM.

Had one traded these and the rest of the lower-return upgrades this morning with our scenario of $5,000 position per trade, the profit before lunch would have equaled over $1,300, for a money-weighted average of 2.1 percent.

Follow me at @ilirshkurti

Posted-In: Citigroup JP MorganAnalyst Color Upgrades Downgrades Analyst Ratings Movers Trading Ideas Best of Benzinga

 

Most Popular

Related Articles (NOK + SAI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free