Analysts up grades and down grades can have a strong influence on a stocks performance. At times companies may go for months without any of the analysts changing their ratings. Then one analysts adopts a new position, either up or down. The stock may move on this, but the important thing is that other analysts may follow suit shortly. Several analysts moving in the same direction on a stock can generate forward momentum. It can be helpful, therefore, to become aware of new, recent upgrades as they happen.
The following is a list of stocks which received their first upgrade in the prior 6 months by the analyst or have been upgraded two steps. Information is from cnbc.com and was listed on 02/04/2010 during the trading day.
NV Energy Incorporated Symbol: NVE Price: $11.57 PE: 15.3 Dividend: $0.44 Yield: 3.79%
NE is involved in the transmission and distribution of electricity.. Upgraded to strong buy from hold by Oppenheimer & Co, . This is a two step upgrade.
Akamai Technology Symbol: AKAM Price: $25.60 PE:33 Dividend: $0.00 yield: 0%
AKAM is involved in improving content delivery over the internet.. Upgraded to hold from under perform by Merriman Curran and Goldman Sachs.
Affymetrix Symbol: AFFX Price: $7.24 PE -20.9 Dividend: $0.00Yield: 0%
Produces products used in genetic analysis.. Upgraded to hold from under perform by JP Morgan
Broadcom Corporation Symbol: BRCM Price: $27.87 PE: 254 Dividend: $0.00 Yield:0%
Broadcom is a leading chip manufacturer. Upgraded to buy from hold by GC Research
U.S. Airways Group Symbol LCC Price: $5.58 PE -3.6 Dividend: $0.00 Yield: 0%
operates an air carrier network via a number of subsidiaries.. Upgraded to buy from hold by J.P. Morgan
Full Disclosure: I am not employed in any fashion by any firm in the securities industry nor do I have a business relationship of any type with the companies mentioned. As of this writing I do not have a holding in any investment or company discussed. This is not an offer to buy or sell any security, nor is it a recommendation. Please consult your own investment advisor and research any security thoroughly before making any investment.