Monica Gerson

Monica Gerson


Market Roundup (SPWRA, UBS, MGM, TWX, LGF)

Posted on 03/19/10 at 2:51pm
SunPower (NASDAQ: SPWRA) announced that it intends to restate its earnings for 2008-2010, following the completion of an internal investigation into accounting issues, resulting in $33.2 million of additional expenses and a $16.9 million reduction in income. SPWRA has also reported a 70% downturn in its Q4 profit on margin contraction.
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Top Performing Industries For March 19 (CNC, HANS, CAJ, BBY, GENT)

Posted on 03/19/10 at 2:08pm
At 1:22 p.m., Dow lost 56.38, or 0.52%, to 10,722.79, while the broader Standard & Poor's 500 index fell 6.66, or 0.57%, to 1,159.16. The Nasdaq composite index moved down 21.11, or 0.88%, to 2370.17. The industries that are driving the market today are:
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CTAS Well Positioned To Pursue Acquisitions

Posted on 03/19/10 at 2:04pm
Analysts at Northcoast Research reiterate their “buy” rating on Cintas (NASDAQ: CTAS).The target price for CTAS is set to $32.
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Stocks That Created New 52-Week Highs (LOPE, HBOS, HDSN, ITMN, INET)

Posted on 03/19/10 at 1:58pm
Grand Canyon Education Inc (NASDAQ: LOPE) shares climbed to $25.45, creating a new 52-week high, before slipping to $25.33, reflecting a 1.04% gain. LOPE’s quarterly earnings growth stands at 402.30% y/y. Read more about this company here.
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Benzinga’s Volume Movers (CTEL, IPSU, HANS, TEVA, TRMB)

Posted on 03/19/10 at 1:56pm
City Telecom Limited (NASDAQ: CTEL) shares climbed 14.60% to $14.21. The volume of CTEL shares traded was 1,688% higher than normal. CTEL celebrated 10 years of being listed on the NASDAQ. Read more about this company here.
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Benzinga’s Top Upgrades (TTEK, ETE, CPSI)

Posted on 03/19/10 at 10:51am
Tetra Tech Inc (NASDAQ: TTEK) was upgraded by Janney Montgomery Scott from “neutral” to “buy.” TTEK’s shares closed at $20.75 yesterday. TTEK’s shares have fallen 23.63% year-to-date. Read more about this company here.
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SunPower (SPWRA) 2010 Guidance Conservative

Posted on 03/19/10 at 10:33am
Analysts at Robert W Baird reiterate their "outperform" rating on SunPower Corporation (NASDAQ: SPWRA), while reducing their estimates for the company. The target price for SPWRA is set to $34.
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Operating Profits At FedEx (FDX) May Rise 9% Annually

Posted on 03/19/10 at 10:17am
Analysts at Credit Suisse maintain their "neutral" rating on FedEx Corporation (NYSE: FDX). The target price for FDX has been raised from $99 to $100.
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Palm’s Survival Doubtful Going Forward

Posted on 03/19/10 at 10:07am
Analysts at Morgan Joseph downgrade Palm Inc (NASDAQ: PALM) from “hold” to "sell." The target price for PALM is set to $0.
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Are You Game For GameStop (GME)?

Posted on 03/19/10 at 9:49am
According to an article in Seeking Alpha, the valuation of GameStop (NYSE: GME) stock seems too good to be true. GameStop is the largest video game retail chain in the world, with 6,457 stores in 17 countries.
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