Stockpickr Lists: Buffett Eyeing Countrywide?
Editor's Note: In this feature from Stockpickr, we highlight lists of stocks that have been upgraded by analysts, or which are experiencing activist situations or other market-moving events.
Rumors of the Day: Shares of Countrywide Financial (CFC) are 10% higher Tuesday after reports in the Wall Street Journal that billionaire investor Warren Buffett could be interested in parts of the company if they are sold.
The Journal said Buffett could find the company's debt-servicing business and its portfolio of mortgages and mortgage-backed securities attractive. The stock surged $2.07 to $21.88.
Today's Hot List: Dick's Sporting Goods (DKS) reports second-quarter earnings of 83 cents a share, beating estimates by 6 cents. The company reported revenue of $1.01 billion, vs. $991.8 million consensus. The stock is increasing $4.32, or 7.8%, to $59.90.Analyst Downgrades: Goldman downgraded Tim Hortons (THI) to neutral from buy, on the basis of valuation relative to other restaurant plays. The firm sees the coffee and donut chain as a "safe haven" for investors because of strong fundamentals, but it also sees limited upside. Goldman gave Tim Hortons a $35 price target. The stock was dipping 22 cents at $32.03. Analyst Upgrades: Goldman upgraded Darden Restaurants (DRI) to buy from neutral, on the basis of valuation. The firm also increased its price target to $50, as Darden's successful closure of its Rare Hospitality (RARE) acquisition and upward EPS revisions are driving shares higher. The stock is up $1.17, or 2.9%, to $41.47. Latest Activist Situations: In an amended regulatory filing on Freeport-McMoRan (FCX), Atticus Capital disclosed that it had raised its stake in the company to 7.48%. In its original filing, Atticus said it had "met with, and may in the future continue to meet with, third parties to encourage them to consider strategic transactions." The stock is increasing $1.95, or 2.4%, to $81.91.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV