PennyOmega.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Monday August 24, 2009
PennyOmega.com Short Highlights Before the Bell!
PennyOmega.com Short Highlights Before The Bell!
PennyOmega.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Monday August 24, 2009
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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience solutions, today announced that the Company’s sales are growing rapidly in the Middle East through their established distributor, Nanofan Industrial Coatings, Ltd., in the UAE., Bahrain, Oman and Qatar, and the company’s new distributor, Saudi Environmental Projects Ltd., in Saudi Arabia.
Cisco Systems (NASDAQ: CSCO) will host webcasts in a two part series with senior executives the week of August 24th, 2009 after the close of the market. Cisco will be discussing our Service Provider and Business Networks strategy, product portfolio and go to market approach. This is an opportunity for Cisco’s senior leaders to outline their vision to drive overall growth within each of Cisco’s Core Businesses and extend those capabilities into new market adjacencies. Following a brief presentation, a question & answer session will be held.
3PAR® (NYSE: PAR), the leading global provider of utility storage, announced today that Mary Kay®, one of the largest direct sellers of skin care and color cosmetics, has reduced storage capacity and associated energy requirements by 50 percent by deploying highly virtualized 3PAR Utility Storage. With 3PAR, Mary Kay has reduced storage costs by 20 percent and achieved an administration time savings of 60 percent over legacy storage, which is not virtualized. Since deploying 3PAR, Mary Kay has not only reduced CAPEX and OPEX, but has also significantly increased high availability in their storage environment. In addition, 3PAR Utility Storage has given Mary Kay superior performance and scalability in their storage infrastructure, enabling the cosmetics giant to better meet customer demands.
GT Legend Automotive Holdings Inc. (PINKSHEETS: GTLA) announces a pending letter of intent to acquire Sovereign Transfer Services Corporation, trading as Sovereign Card Services and the resignation of its officers, Joe Flores and Michael Bacon.
China Direct Industries, Inc. (NASDAQ: CDII), a U.S.-owned, rapidly growing holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials, announced today that its wholly owned subsidiary, CDII Trading, Inc. (”CDII Trading”) has entered into a strategic partnership agreement with China Armco Metals, Inc. (”Armco”) (OTCBB: CNAM). Under the terms of the agreement CDII Trading will assist Armco in procuring various metals including copper ore, manganese ore, chrome ore, and iron ore for distribution in China. As part of this relationship CDII Trading is in the process of arranging an initial shipment of copper ore sourced out of Zambia, Africa.
Stocks Upgraded Today
| Company | Ticker | Brokerage Firm | Ratings Change | Price Target |
|---|---|---|---|---|
| Sinclair Broadcast | SBGI | Benchmark | Hold » Buy | $6 |
| Brocade | BRCD | Argus | Hold » Buy | $11 |
| Zimmer Hldgs | ZMH | Thomas Weisel | Market Weight » Overweight | |
| Microsemi | MSCC | Thomas Weisel | Market Weight » Overweight | |
| Ashland | ASH | KeyBanc Capital Mkts | Hold » Buy | $53 |
| American Express | AXP | Barclays Capital | Equal Weight » Overweight | $28 » $38 |
| Discover Financial Services | DFS | Barclays Capital | Equal Weight » Overweight | $30 » $50 |
| Advanced Micro | AMD | Citigroup | Hold » Buy | |
| Repsol SA | REP | UBS | Neutral » Buy | |
| WPP Group plc | WPPGY | Deutsche Securities | Hold » Buy |
Stocks Downgraded Today
| Company | Ticker | Brokerage Firm | Ratings Change | Price Target |
|---|---|---|---|---|
| Natural Resource | NRP | Citigroup | Hold » Sell | |
| Airmedia | AMCN | Susquehanna Financial | Neutral » Negative | |
| Stryker | SYK | Thomas Weisel | Overweight » Market Weight | |
| KC Southern | KSU | UBS | Buy » Neutral | |
| Toll Brothers | TOL | Citigroup | Buy » Hold | |
| Cree | CREE | Kaufman Bros | Buy » Hold | $36 |
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Do your Homework, and like always BE READY for the Action!!!
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Tags: AMCN, ASH, AXP, BRCD, CDII, CREE, CSCO, DFS, GTLA, INTK, KSU, MSCC, NRP, PAR, REP, SBGI, SYK, TOLL, WPPGY, ZMH
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