Carnival Shares Hit By Costa Concordia, Wells Fargo Lifted from Earnings, TD Ameritrade Revs Light

Following MLK holiday weekend, investors and traders came back to work with another positive lift to the markets in Tuesday trading. The DJIA is trading above 12,500 and the S&P 500 is trading above 1,300. The Dow is within a couple percentage points of its 3 year trading high. Here’s what analysts had to say about the following publicly traded companies today:

Carnival Corporation (NYSE:CCL): JP Morgan cuts Carnival to neutral. The firm dropped Carnival from overweight to neutral and lowered target from $38 to $30. The firm noted the Costa Concordia grounding incident and how the tragedy will effect “an already soft consumer environment (particularly in Europe), and the resulting price discounting…that we believe will follow.” Carnival Corporation is trading down 13.97 percent.

Wells Fargo & Company (NYSE:WFC): A reduction in foreclosures has Wells Fargo moving up. Foreclosed assets were down from third quarter of $4.9 billion to $4.7 billion and actions for the Wachovia assumption closed in this quarter.  The company’s nonperforming assets were down -3 percent quarter-over-quarter to $26 billion.  Shares are up 1.86 percent.

Convio, Inc. (NASDAQ:CNVO): Blackbaud (NASDAQ:BLKB) strikes a deal for Convio that will pump up 2012 earnings.  The company says at $16 per share  they are getting a deal that adds considerable cash flow. Convio, Inc. is up 48.04 percent.

Check Point Software Technologies Ltd. (NASDAQ:CHKP): Check Point revises estimates upward, moving earnings-per-share (NYSE:EPS) from $.72 to a range of $0.69 to $0.73 and revenues from $313.6 million to a range of $305 million to $315 million.  Ranges were moved upward for 2012 estimates as well, EPS from $3.16 to a range of $3.10 to $3.20 and revenues from $1.381 billion to a range of $1.345 to 1.395 billion.  Shares are up 4.28 percent.

TD Ameritrade Holding Corp. (NASDAQ:AMTD): TD Ameritrade beat their fiscal quarter earnings-per-share estimate of $0.28 beats by $0.02. Year-over-year revenues, off $18 million, came in at $653.4 million.  Shares are down 1.78 percent.

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