Market Overview

Two Winning Analyst Rating Trades for June 15

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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.

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Latest Ratings for SAI

Oct 2013JefferiesInitiates Coverage onHold
Oct 2013Wells FargoInitiates Coverage onUnderperform
Oct 2013JP MorganInitiates Coverage onOverweight

View More Analyst Ratings for SAI
View the Latest Analyst Ratings

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


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