Futuurid kauplevad täna hommikul eilse sulgumisega võrreldes tänu madalamale naftahinnale ja Aasia turgude tugevusele tunduvalt kõrgematel tasemetel.
Wachovia initiates NYMEX (NMX 132.97) with an Outperform, as they believe the co is well positioned in expanding energy markets with long-term positive industry trends in place and with the connection of its trading floor to CME's Globex, they expect the electronification of its markets will create above-consensus earnings power.
Cantor Fitzgerald initiates Shutterfly (SFLY 16.00) with a Buy and sets a $21 tgt, as they expect the co to benefit from transformations now underway in the photo-services and personal publishing markets that are fueled by the proliferation of digital cameras and the continued adoption of broadband connections worldwide
Thomas Weisel initiates National CineMedia (NCMI 25.70) with an Overweight and sets a $33 tgt, as they believe NCM could be among the fastest-growing, ad-supported media companies in the U.S. given its ownership in NCM LLC, which has quickly established a leadership position in the fast-growing cinema advertising market
Stifel initiates Marvel Enterprises (MVL 27.78) with a Buy and sets a $34 tgt, as they see an attractive longer-term growth opportunity with the impending launch of the co's film slate, an initiative that serves as a catalyst for the business and offers significant earnings and cash flow upside potential while its toy operations should benefit from a new master license agreement with Hasbro which will add to cash flow with $110 mln in nonrefundable guaranteed payments expected in future periods
Goldman upgrades Chicago Bridge and Iron (CBI 30.21) and Foster Wheeler (FWLT 58.60) to Buy from Neutral..
.Credit Suisse adds UTX to their U.S Focus List saying they believe that UTX provides investors with an attractive long-term capital appreciation opportunity along with solid defensive characteristics. The firm believes there is a substantial amount of margin expansion opportunity across a majority of the businesses at UTX.
Jefferies believes that MU will report weak results for its sensor business when the co reports earnings on April 4, and they think this weakness will be viewed as a negative indicator for the entire CMOS sensor industry, specifically OVTI. Firm would stay on the sidelines until there are indications of pricing pressure subsiding or a mix shift to higher ASP megapixel sensors. Reits Hold on OVTI.
Suntrust believes that the garden season has gotten off to a strong start, especially in the key locations of California, Texas, and Florida. Firm expects CENT will be the primary benefactor of the California weather, as its sales are more skewed towards this region, although continued margin pressure from birdseed input costs could weigh on Q2 results. Despite difficult comps, firm looks for SMG to post strong rev in Q2 as well, but thinks the co will also be impacted by input costs. Finally, firm believes that SPC's lawn & garden business has had a strong start to the season.