Editor's note: In this feature from Stockpickr, we highlight lists of stocks that have been upgraded by analysts, are experiencing activist situations or some other market moving events.
suggests that home builder
. Cramer said they should do it now, because Hovnanian shares are unlikely to fall much, as it will discount many
rate moves. Shares of Toll are down 68 cents to $22.04, while Hovnanian fell $1.50 to $13.05.
expects third-quarter earnings, before special items, to be in the upper end of its 34 cents to 37 cents a share guidance range. The Wall Street consensus is 36 cents. "This is a reflection of the company's strong performance throughout the first two months of this quarter as well as continued strengthening of the yen, which could increase earnings per share by 1 cent this quarter," the company said. Third-quarter sales are expected to be between $1.53 billion and $1.58 billion. The Wall Street consensus is $1.55 billion. Corning was sinking 21 cents to $23.81.
reported third-quarter earnings of $1.38 a share, below the consensus of $1.53 a share. The company reported revenue of $8 billion, also below the consensus of $8.32 billion. "Morgan Stanley's diversification across businesses and regions helped us deliver
return on equity of 17.2% this quarter, despite the impact of the severe market disruption on some areas of the firm -- including our credit products, leveraged lending and quantitative strategies businesses," said Chairman and CEO John J. Mack. "Even with these turbulent markets, Morgan Stanley still delivered strong performances across many core businesses and achieved record results in our prime brokerage, derivatives and interest rate and currencies businesses." The stock was sinking $1.64 to $66.87.
: Deutsche Bank downgraded soft drink bottler
to a hold. The firm said the stock has hit its $25 target price and fundamental trends appear mixed. Shares are down 8 cents to $24.51.
: JPMorgan upgraded restaurant chain
to overweight from neutral. The stock surged $1.01 to $20.01.
: In a regulatory filing after the close, Breeden Capital disclosed a 7.72% stake in jewelry retailer
. Breeden Capital is run by former
Securities and Exchange Commission
Chairman Richard Breeden. The firm has pushed for changes at
, winning board seats at both companies. Shares of Zale soared $1.16, or 4.9%, to $25.
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