Lakeway, TX -- (SBWIRE) -- 02/22/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
The downgrade on Home Depot (HD +1.6%) from Stifel Nicolaus isn't a bet against the house market, but an assessment of valuation on the home improvement company with sector momentum already baked in. Stifel's rationale for moving to the sidelines: "We expect multiple-normalization will limit outperformance and risk/reward favorability over the next 12 months."
Is HD after A Solid Pop Up? Find Out Here
Credit Suisse (CS) is being investigated by the DOJ over MBS the bank packaged and sold back in the day, according to sources. The bank has already settled with the SEC over MBS and has been sued by the NY AG, but this probe stems from a federal task force - the RMBS Working Group - established one year ago.
Will CS Continue To Trend Higher After The Recent Gain? Find Out Here
Chip stocks are outperforming (SOXX +2%) in the wake of Marvell's FQ4 beat and solid guidance, and Texas Instruments' dividend/buyback hike. Also norteworthy: 1) SEMI estimates the book-to-bill for North American chip equipment makers rose to 1.14 in January; that's up from 0.92 in December, and the first reading above 1 since May '12. 2) Taiwanese analog chipmakers posted strong January sales thanks to demand from LED and smartphone clients; the results could be a positive leading indicator.
Is SOXX a Buy Opportunity After The Recent Slump? Find Out Here
John Hempton throws in the towel on his Linn Energy (LINE) short following yesterday's acquisition of Berry Petroleum (BRY). It's a swap of what Hempton believes is near-worthless stock for old, but valuable oil assets. Those assets can generate enough cash to keep what he believes is a Ponzi, rolling for many more years.
Is LINE Still a Buy After The Recent momentum? Find Out Here
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