Month: January 2012

JP Morgan issued a note to clients Tuesday, naming its best long and short near-term ideas from its fundamental analysts.The near-term short ideas included; Boyd Gaming Corp (NYSE:BYD), Hewlett-Packard (NYSE:HPQ) and Choice Hotels (NYSE:CHH).On the other side, the bank’s near-term long ideas included a number of ideas for each sector. By sector, the ideas included Raytheon Company (NYSE:RTN), Stericycle (NASDAQ:SRCL) and Terex Corp. (NYSE:TEX) in the capital goods/industrials industries.Among consumer names, JPM advised getting long the following names; United Continental (NYSE:UAL), Macy’s (NYSE:M), Las Vegas Sands (NYSE:LVS), Wal-Mart (NYSE:WMT), Lennar (NYSE:LEN), Owins Corning (NYSE:OC), Wyndham Worldwide (NYSE:WYN) among other names.In the energy space, JPM advised clients to get long NRG Energy (NYSE:NRG), Nexen (NYSE:NXY) and Weatherford International (NYSE:WFT).Among financials, JPM likes Prudential (NYSE:PRU), Allstate Corp (NYSE:ALL), Citigroup (NYSE:C) and Zions Bancorp (NASDAQ:ZIONS).

CA (CA) today had its estimates and price target raised by Credit Suisse (CS) to $24, as the company has been experiencing higher realized margins. A neutral rating was issued.

Jan. 25 (Bloomberg) — Thomas Murphy, managing partner at Family Office Research & Management Ltd. in Sydney, a private wealth-management firm, talks about global stocks and his investment strategy. Murphy also discusses President Barack Obama’s State of the Union address. He speaks with Susan Li on Bloomberg Television’s “Asia Edge.” (Source: Bloomberg)

Intel Corporation (INTC) maintained its quarterly dividend of 21 cents per share. The dividend will be payable on March 1, 2012 to stockholders of record on Feb.

Sources tell the Wall Street Journal that Sony (NYSE:SNE), Fujifilm, and Temuro are in preliminary discussions to invest as much as $1.3 billion in Olympus.Sony could likely acquire as much as a 30% stake in Olympus.Sony is currently below its 200-day moving average (MA) of $22.38 and should find support at its 50-day MA of $17.48.

Rockwell Automation (NYSE:ROK) is expected to report Q1 earnings before the market open on Wednesday.According to First Call, analysts are looking for EPS of $1.21 on revenue of $1.51 billion. The consensus range is $1.14-$1.30 for EPS, and $1.45 billion-$1.58 billion.Over the past four quarters, the company has met or topped EPS and revenue estimates.Rockwell Automation (NYSE:ROK) has potential upside of 1.2% based on a current price of $81.19 and an average consensus analyst price target of $82.15.Rockwell Automation is currently above its 50-day moving average (MA) of $74.41 and above its 200-day of $73.79.

Jan. 25 (Bloomberg) — Martin Schulz, a senior economist at Fujitsu Research Institute in Tokyo, talks about Japan’s economy and the yen. Japan’s exports fell for the third consecutive month in December, capping the first annual trade deficit in 31 years, figures underscoring the toll slower global growth and March’s earthquake have taken on the economy. Schulz speaks with Susan Li on Bloomberg Television’s “First Up.” (Source: Bloomberg)

Jan. 25 (Bloomberg) — Investors are turning increasingly bullish on U.S. markets as they declare its economy in better health than major rivals from Europe to Asia, according to a Bloomberg Global Poll. Forty-eight percent of respondents predict the U.S. will be among the world’s best-performing markets this year, according to the quarterly poll of 1,209 investors, analysts and traders who are Bloomberg subscribers that was conducted Jan. 23-24. Sara Eisen reports on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)

Boeing (NYSE:BA) is expected to report Q4 earnings on Wednesday before the market open with a conference call scheduled for 10:00 am ET.According to First Call, analysts are looking for EPS of $1.01 on revenue of $19.38 billion. The consensus range is $0.82-$1.15 for EPS, and $18.32 billion-$20.97 billion for revenue.In the Q3, the company reported mixed results, beating EPS but narrowly missing revenue estimates.Boeing (NYSE:BA) has potential upside of 8.1% based on a current price of $75.56 and an average consensus analyst price target of $81.65.

In trading on Wednesday, agriculture & farm products shares were relative laggards, down on the day by about 1.6%. Helping drag down the group were shares of Origin Agritech Limited (SEED), off about 4.4% and shares of CVR Partners Limited (UAN) down about 1.7% on the day.