Downgrades This Week – COST, XOM, MS

Costco (COST), Exxon Mobil (XOM) and Morgan Stanley (MS) were among some of the widely held stocks downgraded by Louis Navellier in his latest fundamental stock analysis on March 29, 2010.

Costco (COST) missed expectations in its March earnings report despite strong international sales. Costco didn’t offer an outlook but said its fiscal second-quarter results were in line with internal projections. Costco was downgraded from “Buy” to “Sell.”

Exxon Mobil (XOM) is making a $28.5 billion bet on natural gas even as most Wall Street experts are betting on prices falling, according to a Bloomberg news report. Exxon was downgraded from a “Sell” to a “Strong Sell.”

Morgan Stanley (MS) recently has been chosen to underwrite and advise the government as the United States looks to sell its nearly 30% stake in Citigroup (C). Morgan Stanley was downgraded from a “Sell” to a “Strong Sell.”

A complete look at this week’s downgrades among widely held stocks is below. Also please check out this week’s stock upgrades.

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.

SYMBOL COMPANY NAME SECTOR MARKET CAP (B) THIS WEEK LAST WEEK
ABX Barrick Gold Corp. Metals & Mining $36.8 F D
ACH Aluminum Corp. of China Metals & Mining $13.6 F D
ADI Analog Devices Inc. Semiconductors $8.5 C B
AEM Agnico-Eagle Mines Ltd. Metals & Mining $8.7 F D
AET Aetna Inc. Health Care Providers $14.8 C A
AGN Allergan Inc. Pharmaceuticals $19.5 D C
AMT American Tower Corp. Telecommunications $16.7 D C
BAX Baxter International Inc. Health Care Equipment $35.1 C A
BCR C.R. Bard Inc. Health Care Equipment $8.2 D C
BMC BMC Software Inc. Software $7.0 D C
BRCM Broadcom Corp. Semiconductors $16.4 C B
BSX Boston Scientific Corp. Health Care Equipment $10.6 F D
CA CA Inc. Software $12.1 D C
CCI Crown Castle International Telecommunications $10.8 C B
CHRW C.H. Robinson Worldwide Air Freight & Logistics $9.3 D C
COST Costco Wholesale Corp. Food & Staples Retailing $26.5 C B
CX Cemex S.A.B. Construction Materials $9.6 F D
DGX Quest Diagnostics Inc. Health Care Providers $10.6 C B
GENZ Genzyme Corp. Biotechnology $14.1 F D
IR Ingersoll-Rand Plc Machinery $11.1 C B
LOW Lowe’s Cos. Specialty Retail $35.7 D C
MS Morgan Stanley Capital Markets $39.3 F D
NOV National Oilwell Varco Energy Equipment $16.7 F D
PAYX Paychex Inc. IT Services $11.3 D C
PGN Progress Energy Inc. Electric Utilities $11.0 D C
PKX POSCO (ADR) Metals & Mining $35.8 D C
PTR PetroChina Co. Oil Gas & Fuels $205.8 F D
SPLS Staples Inc. Specialty Retail $17.3 D C
UBS UBS AG Capital Markets $54.5 F D
UNH UnitedHealth Group Health Care Providers $37.4 C A
XOM Exxon Mobil Corp. Oil Gas & Fuels $314.5 F D
ZMH Zimmer Holdings Inc. Health Care Equipment $11.7 C B

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