Winning Trades Based on Analyst Ratings for June 27, 2012

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Eleven stocks received new
bullish
or
bearish
ratings from sell-side analysts this morning. New bearish ratings are initiations with or downgrades to a Sell, Underperform or Underweight rating. New bullish ratings are initiations with or upgrades to Buy, Overweight and Outperform ratings. Below are the associated analyst calls and stocks that had the largest price moves from the opening.
Keefe Bruyette & Woods on Heartland Payment Systems
At 6:09 AM this morning, Benzinga Professional reported that Keefe Bruyette & Woods upgraded Heartland Payment Systems
HPY
from Market Perform to Outperform. Shares opened at $28.04 and reached an intraday high of $30.11 at 12:38 PM for 7.38 percent.
(Summary on this report not available.)Cantor Fitzgerald on Fluidigm Corporation
At 6:00 AM this morning, Benzinga Professional reported that analysts at Cantor Fitzgerald initiated coverage on Fluidigm Corporation
FLDM
with a Buy rating. Shares opened at $14.63 per unit, and by 9:45 AM had reached an intraday high of $15.20. That 15-minute price move equals 3.9 percent. A preview of this summary is available
here
.
Piper Jaffray on Sirius XM Radio
Benzinga Professional reported at 6:00 AM that Piper Jaffray analysts had initiated Sirius XM Radio
SIRI
with an Overweight rating and a $2.50 price target. Trading opened at 1.83 a share. Trades topped out at $1.89 within 42 minutes for a 3.28 percent rise. A preview of the summary on this report is available
here
.
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Stifel Nicolaus on HomeAway
Stifel Nicolaus upgraded HomeAway
AWAY
from Hold to Buy, as reported by Benzinga Professional at 7:52 AM this morning. Trading opened at $21.00 and topped out at $21.66 less than a minute into trading. That one-minute move was 3.14 percent. A preview of the summary on this report is available
here
.
The Rest of the Ratings
Out of the eleven stocks mentioned at the beginning, only one stock had a favorable move of less than one percent from its opening price. A favorable move is when price of a security moves (
up
after being rated with a new bullish rating, or
down
after being rated with a new bearish rating.) Favorable moves averaged 2.52 percent across all 11 stocks at respective intraday optimal prices. For reference, the optimal price is the high of the day for stocks that have new bullish ratings, or conversely, the low of the day for stocks that have new bearish ratings. Currently, this 11-stock composite is up just 0.37%.
Trading the Ratings
Had traders assumed positions of up to $5,000 on each stock - selling bearish-rated stocks and buying bullish-rated ones - the maximum profit would have been $1,386 (2.52 percent) on $55,000 traded. If those positions were still open, the profit would have been $205 (0.37 percent). Total commissions would have been $110 in both cases.
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Posted In: Analyst ColorUpgradesInitiationAnalyst RatingsMoversTrading IdeasCantor FitzgeraldKeefe Bruyette & WoodsPiper JaffrayStifel Nicolaus
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