Collins Stewart analyst Thomas Eagan thinks you may be swapping your Comcast shares for Time Warner Cable sometime soon.
In a note to clients this morning, Eagan writes that investors may rotate out of Comcast if the company decides to invest $12 billion to $14 billion for a stake in GE’s NBC-Universal, as rumored.
The best days for the Palm Pre may already have past. That was the implication of the Sell call on the stock this morning from Morgan Joseph – and the same theme can be found in a similarly bearish note this morning from Collins Stewart analyst Ashok Kumar.
Collins Stewart analyst Ashok Kumar this morning upped his rating on Apple to Buy from Hold, setting a $170 price target.
Kumar contends that Apple will gain share in the smart phone segment from both Research In Motion and Microsof Windows Mobile. He also writes that Google Android is “positioned to be a winner” in the sector.
Shares of both Seagate and Western Digital are getting battered on fears that the hard-drive sector could once again soon find itself with a glut of supply.
At least in part, the Street is reacting to this morning’s downgrade of Marvell by Barclays Capital, which as I noted earlier was in response to indications from Taiwanese component makers of a slowdown PC demand.
Unable to get the attention of the wireless carriers, Dell has decided to enter the mobile phone market by selling its wares direct through retailers, according to Collins Stewart analyst Ashok Kumar. The analyst writes that the carriers have decided to pass on Dell’s handset, “citing a non-compelling product with a roadmap that lags competition.”
Analyst Daniel Ries of Collins Stewart points out the “harsh pricing environment” in the solar sector as the main reason for the cut in his rating on Canadian Solar. The company is not a low-cost producer, but it’s up against low-cost producers in a climate that has buyers–particularly European ones–demanding lower prices.
The Street continues to ratchet down its expectations for Google (GOOG) ahead of the company’s third-quarter earnings coming up next Thursday.
While continuing to recommend the stock, analysts at both RBC Capital and Bernstein Research today trimmed both their earnings estimates and price targets for the Internet search giant. That follows similar moves by analysts at Stifel, Morgan Stanley, AmTech and Collins Stewart.
More trouble lurks ahead for Yahoo (YHOO), Collins Stewart analyst Sandeep Agrawal warned this morning.
“We believe that the fundamentals at YHOO are deteriorating,” he writes in a research note. “On the one hand, economic headwinds and turmoil in the financial markets are causing weaker display ad revenues.”
Shares of glass maker Corning (GLW), LCD panel producers AU Optronics (AUO) and LG Display (LPL) are all down sharply today amid a new wave of market jitters on the prospects for the flat-panel display market.
Several recent Street research reports note that conditions in the LCD panel sector have been difficult for much of the third quarter, raising questions about the companies’ ability to hit current Street estimates.
Google’s third-quarter results will feel the effects of a strengthening dollar, Collins Stewart analyst Sandeep Aggarwal observed in a research note this morning. Aggarwal points out that currency has lifted earnings in each of the last 10 quarters, but that the company will suffer a sequential foreign exchange loss in Q3, with the year-over-year benefit “materially lower” than in recent quarters.
U.S. cable operator Cablevision’s (CVC) announcement this morning that it will pay a quarterly dividend of 10 cents a share does not preclude the company from doing a large share buyback, says Collins Stewart analyst Thomas Eagan in a note to clients this morning.
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