Equity Moves on Sell-Side Sentiment for July 12, 2012

Benzinga tracks new bullish and bearish ratings and the effect they have on underlying equities' price action once trading opens. If a stock that is newly rated bearishly - Sell, Underweight or Underperform - drops in relation to its opening price, it is said to move in-line with its new rating. Likewise, a stock is said to move in-line with a new bullish rating - Buy, Overweight or Outperform - if it goes up from its opening price.

For the second day this week - the other being Tuesday - stocks have had a tough time moving in-line with new ratings. 27 such stocks this morning have a collective positive move of 0.2 percent, all equally-weighed.

The highest return on a ratings trade would have been from The Greenbrier Companies (NYSE: GBX). At 7:48 AM, Benzinga Professional reported that the company's shares were upgraded to Buy at Stifel Nicolaus this morning. GBX opened at $14.66 and reached an intraday $15.30 by 1:25 PM, for 4.37 percent.

Trinity Industries (NYSE: TRN) is also approaching 4% in its in-line move towards its new Buy rating, also from Stifel Nicolaus. Shares opened at $21.87 and is working on toppling an intraday high of 22.74 as we speak. Benzinga Professional reported this rating at 7:48 AM.

Taken individually, all but one of the equities were in-line with their rating for at least a while, averaging a positive 1.4 percent from their respective opening prices at their intraday highs (for new bullish ratings) or lows (for bearish ratings).

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