The Oxen Group

Dollar and Sense: Goldman Sachs Upgrade/Downgrades Analysis for April, Part 1

David Ristau — Fri, 25 May 2012 18:29:18 +0000

We continued our analysis of Goldman Sachs' upgrades and downgrades with a look at April upgrades and downgrades done by the company. We are looking to see if there is any consistency we can trade off of based on upgrades and downgrades that Goldman Sachs does. What we are trying to discover is if a certain set of upgrades and downgrades have very lasting impacts on the market. In Part One, we investigate day-over-day, week-over-week, and two week changes. We looked at Buy to Conviction Buy (B to CB), Buy to Neutral (B to N), Conviction Buy to Buy (CB to B), Neutral to Buy (N to B), Neutral to Conviction Buy (N to CB), Neutral to Conviction Sell (N to CS), Neutral to Sell (N to S), Sell to Buy (S to B), Sell to Neutral (S to N).

Buy or Sell? – UA, FDO, DG, NSC

Joey — Fri, 25 May 2012 17:23:45 +0000

We continue our search for the most technically attractive charts in the market. The market continued its weak trend today and I don’t see a reversal to that anytime soon. Therefore, today I strived to find technically attractive charts that will outperform the markets and a chart that looks to continue to fall apart in this weak environment. Should you buy or sell the chart?

Under Armour (UA):

The Oxen Report: Long Weekend Ahead, Light Volume, and Lovely Europe

David Ristau — Fri, 25 May 2012 13:27:10 +0000

Market Outlook

The market is continuing its very flat, rangey week with another flat day today. The market is reacting to weakness in Europe before the weekend and shrugging off a fairly solid Michigan Consumer Sentiment number that came in at 79.3 vs. 77.5 consensus estimates. Its going to be a fairly light day with light volume that will definitely make things interesting, but overall, we would expect things to bounce around pretty flat. We are staying pretty neutral right now, staying the course. Michigan Consumer Sentiment should keep us in check overall, but some end of the day weakness might be expected going into a long weekend.

Current Positions

Option Spread Portfolio – Trading McDonald’s Into June’15th

Giorgio Ferrero — Fri, 25 May 2012 11:59:01 +0000

Market Opinion: The S&P500 has support at $1300 but how much longer can this last? I expected Tuesday to be the last day of a dead cat bounce rally from the sell-offs last week. However, if we can rally today on some strong volume I will be inclined to think we trend sideways for the summer instead of moving another leg lower. If the S&P does break 1300 with conviction then I would expect secondary support lines at $1250 and $1200.

EquityAnalytics: Upgrade/Downgrade of BMC, Monster Beverage, MEMC, and Warnaco

David Ristau — Fri, 25 May 2012 03:41:26 +0000

Our EquityAnalytics department is always updating price targets and ratings on companies that we cover based on new information. Our price targets and ratings are thoroughly researched and use financial analysis tools to determine stock prices. Today we are updating the following companies from our coverage: BMC Software (BMC), Monster Beverage (MNST), MEMC Electronics (WFR), and Warnaco Group (WRC).

The chart below shows new ratings, price targets, and buy/sell ranges vs. old ones: