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Stock Downgrades: BAC, BA, PC, TM


Bank of America (BAC), Boeing (BA), Panasonic (PC) and Toyota (TM) were among some of the widely held stocks downgraded by Louis Navellier in his latest fundamental stock analysis on April 12, 2010.

Financial stock Bank of America (BAC) will announce first quarter 2010 earnings on April 16, and has been showing signs of weakness in anticipation of the report despite a stock upgrade two weeks ago. The struggling fundamentals of BAC stock caused the stock to get a downgrade a C grade or “hold” in Portfolio Grader to a D grade or “sell” this week.

Aerospace and defense stock Boeing (BA) was briefly upgraded last week, but has seen a stock downgrade now that reports indicate first-quarter deliveries declined 11%. .The stock was downgraded from from a B grade or “buy” last week to a C grade or “hold” this week in Louis Navellier’s database of stocks to buy and sell.

Consumer electronics company Panasonic (PC) has seen weakness lately in anticipation of its May 7 quarterly earnings report. PC stock was downgraded a C grade or “hold” in Portfolio Grader to a D grade or “sell” this week in Portfolio Grader

Recalls have weighed on auto stock Toyota (TM). Now, rumors of a dividend cut have undercut TM stock even more. The stock was downgraded from a D grade or “sell” last week to a F grade or “strong sell” this week in Portfolio Grader’s fundamental stock analysis.

Also check out Louis Navellier’s Stock Upgrades: COST, LLY, RDS, WMT.

About Portfolio Grader: Every Sunday, renowned growth stock adviser Louis Navellier runs a fundamental analysis on the top 5,000 Wall Street companies. Armed with this research, Navellier offers a rating for each company reflected as  a simple letter grade, with A being “strong buy” and F being “strong sell.” Portfolio Grader’s stock data is free and open to the public, and can be accessed online here.

AET Aetna Inc. Health Care Providers $14.2 D C
AFL AFLAC Inc. Insurance $26.1 C B
AMX America Movil S.A.B. de C.V. (ADS) Telecommunications $82.7 C B
BAC Bank of America Corp. Financial Services $160.8 D C
BNS Bank of Nova Scotia Banking $51.8 C B
BBBY Bed Bath & Beyond Inc. Specialty Retail $11.9 C B
BLK Blackrock Inc. Capital Markets $12.8 C B
BA Boeing Co. Aerospace & Defense $52.6 C B
CNI Canadian National Railway Co. Road & Rail $28.7 D C
CAJ Canon Inc. (ADS) Office Electronics $56.8 C B
CME CME Group Inc.  (Cl A) Financial Services $20.8 D C
ED Consolidated Edison Inc. Multi-Utilities $12.6 D C
DAL Delta Air Lines Inc. Airlines $11.4 C B
DFS Discover Financial Services Consumer Finance $8.4 D C
ECL Ecolab Inc. Chemicals $10.7 D C
FLR Fluor Corp. Construction & Engineering $9.1 F D
FRX Forest Laboratories Inc. Pharmaceuticals $8.5 C B
TV Grupo Televisa Media $12.0 D C
HIT Hitachi Ltd. (ADS) Electronic Equipment $13.2 D C
ING ING Groep N.V. (ADS) Financial Services $20.8 F D
ITT ITT Corp. Aerospace & Defense $9.9 D C
JCI Johnson Controls Inc. Auto Components $21.6 C B
LNC Lincoln National Corp. Insurance $9.6 C B
NBG National Bank of Greece Commercial Banks $12.0 F D
NOK Nokia Corp. (ADR) Communications Equipment $55.7 D C
JWN Nordstrom Inc. Multiline Retail $9.3 C B
PC Panasonic Corp. (ADS) Household Durables $31.6 D C
PWE Penn West Energy Trust Oil Gas & Fuels $8.9 C B
PBR Petrobras Petroleo Brasileiro Oil Gas & Fuels $198.4 F D
PT Portugal Telecom Telecommunication Services $9.7 C B
PFG Principal Financial Group Inc. Insurance $9.3 D C
DGX Quest Diagnostics Inc. Health Care Providers $10.7 C B
RSG Republic Services Inc. Commercial Services & Supplies $11.4 C B
SLT Sterlite Industries (India) Metals & Mining $16.6 C B
SLF Sun Life Financial Inc. Insurance $18.5 D C
TLM Talisman Energy Inc. Oil Gas & Fuels $17.9 F D
TM Toyota Motor Corp. (ADS) Automobiles $125.3 F D
RIG Transocean Ltd. Energy Equipment & Services $27.5 F D
UNH UnitedHealth Group Inc. Health Care Providers $37.0 C B
VLO Valero Energy Corp. Oil Gas & Fuels $11.3 F D
WAG Walgreen Co. Food & Staples Retailing $36.3 C B
WBK Westpac Banking Commercial Banks $76.0 C B
WF Woori Finance Holdings Commercial Banks $12.1 C B

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