Intel Stock a Top Pick at Wells Fargo, Ebay Shares Rise 1%, CME, Mosaic Up 3.5%
On Thursday, the Dow Jones Industrial Average (NYSEARCA:DIA) is down 102 points, or .83%, to 12,315. The S&P 500 (NYSEARCA:SPY) is down 7 points, or .60%, to 1,269, and the Nasdaq (NASDAQ:QQQ) is down 6 points, or .26%, to 2,641. These companies saw analyst catalysts amidst the trading action today:
Intel Corporation (NASDAQ:INTC): Wells Fargo thinks growth at Intel is underestimated. Recovery from the flooding in Thailand could be underway by March along with other factors that could benefit Intel. Wells Fargo sees earning-per-share growing at a 15-20 percent annual pace and continues Intel as its Top Pick for 2012.
eBay Inc. (NASDAQ:EBAY): Argus says there is a Buying opportunity in eBay weakness. The departure of the president of eBay’s PayPal caused the decline, but Argus sees execution, not strategy, driving PayPal’s growth. Expecting increasing margins in the near term, the firm maintains eBay’s Buy rating.
CME Group Inc. (NASDAQ:CME): Stifel Nicolaus lowers CME Group target from $325 to$280. The reduction came after CME reported that at the end of 2011 open interest was down 7.7 percent compared to 2010. The firm likes CME’s valuation, but there could be a decline in volume. The firm maintains a Buy rating.
Seagate Technology (NASDAQ:STX): Brean Murray says Seagate guidance indicates higher than expected earnings. Updating guidance for the December and March quarters, Seagate implied earning for the full calendar could be well above estimates. While citing lower costs and stronger than expected pricing, Brean Murray maintained its Buy rating and $23 price target. but if conditions warrant, might raising its target.
Mosaic Co. (NYSE:MOS): Lazard Capital says Mosaic guidance weak as expected. The firm said Mosaic’s second quarter results had no major surprises, merely stating current conditions other companies are facing. The firm expects spring planting to improve reiterating a Buy rating.
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