Wells Fargo (WFC), Goldman Sachs (GS), and Yahoo! (YHOO) were among the widely-held stocks downgraded by Louis Navellier in his latest fundamental stock analysis on March 1, 2010.
Wells Fargo (WFC) has recently been in the news because of court-ordered modifications for the company. Wells Fargo had 137,128 trials and permanent modifications made at the end of January, according to a U.S. Treasury report earlier this month. These court-ordered changes to loan agreements result in lower payouts for WFC. Wells Fargo was downgraded from “hold” to “sell” in Portfolio Grader this week.
Goldman Sachs (GS) came under fire last week over the role the investment bank played in helping Greece conceal its debts, which enabled the country to join the European single currency in 2001. This makes the already unpopular bank the focus of yet more bad press, and could weigh on shares. Goldman was downgraded from “hold” to “sell” in Portfolio Grader on Monday morning.
Internet icon Yahoo! (YHOO) came under fire last week after Michael Arrington of TechCrunch posted a story about “the steady, efficient decline” of the company, repeatedly citing an analyst at Thomas Weisel Partners as proof the company was doomed. This has weighed on shares, and YHOO was downgraded from “hold” to “sell” in Portfolio Grader this week.
Other notable companies downgraded this Monday include energy companies Transocean (RIG), Petrobras (PBR), Occidental Petroleum (OXY), and Schlumberger (SLB).
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 (Bil) |
This Week’s Grade |
Last Week’s Grade |
| AEP | American Electric Power | Electric Utilities |
$16.05
|
D
|
C
|
| AGN | Allergan | Pharmaceuticals |
$17.77
|
D
|
C
|
| ATVI | Activision Blizzard | Software |
$13.47
|
D
|
C
|
| BBT | BB&T | Commercial Banks |
$19.68
|
D
|
C
|
| BBVA | Banco Bilbao Vizcaya Argentaria | Commercial Banks |
$48.51
|
D
|
C
|
| CHT | Chunghwa Telecom | Telecommunications |
$18.11
|
D
|
C
|
| CRH | CRH PLC | Construction Materials |
$12.35
|
D
|
C
|
| DT | Deutsche Telekom | Telecommunications |
$56.15
|
D
|
C
|
| ECA | EnCana Corp. | Oil Gas & Fuels |
$24.63
|
D
|
C
|
| ECL | Ecolab Inc. | Chemicals |
$10.01
|
D
|
C
|
| ETR | Entergy Corp. | Electric Utilities |
$14.37
|
D
|
C
|
| GS | Goldman Sachs | Capital Markets |
$80.22
|
D
|
C
|
| HD | Home Depot Inc. | Specialty Retail |
$53.07
|
D
|
C
|
| HES | Hess Corp. | Oil Gas & Fuels |
$19.23
|
F
|
D
|
| IMO | Imperial Oil Ltd. | Oil Gas & Fuels |
$31.24
|
F
|
D
|
| ING | ING Groep | Financial Services |
$18.10
|
F
|
D
|
| NOV | National Oilwell Varco | Energy Equipment |
$18.19
|
D
|
C
|
| NXY | Nexen Inc. | Oil Gas & Fuels |
$11.74
|
D
|
C
|
| OXY | Occidental Petroleum | Oil Gas & Fuels |
$64.81
|
D
|
C
|
| PBR | Petrobras Petroleo Brasileiro | Oil Gas & Fuels |
$187.11
|
D
|
C
|
| PGR | Progressive Corp. | Insurance |
$11.54
|
D
|
C
|
| PNC | PNC Financial Services | Commercial Banks |
$24.84
|
D
|
C
|
| PPL | PPL Corp. | Electric Utilities |
$10.73
|
F
|
D
|
| PSA | Public Storage | REITs |
$13.84
|
D
|
C
|
| RBS | Royal Bank of Scotland | Commercial Banks |
$26.33
|
D
|
C
|
| REP | Repsol YPF S.A. | Oil Gas & Fuels |
$27.69
|
D
|
C
|
| RIG | Transocean Ltd. | Energy Equipment |
$25.63
|
F
|
D
|
| SLB | Schlumberger Ltd. | Energy Equipment |
$73.01
|
D
|
C
|
| SLF | Sun Life Financial Inc. | Insurance |
$16.03
|
D
|
C
|
| SO | Southern Co. | Electric Utilities |
$26.05
|
D
|
C
|
| SRE | Sempra Energy | Multi-Utilities |
$12.10
|
D
|
C
|
| STI | SunTrust Banks Inc. | Commercial Banks |
$11.88
|
D
|
B
|
| STT | State Street Corp. | Capital Markets |
$22.23
|
D
|
C
|
| SU | Suncor Energy Inc. | Oil Gas & Fuels |
$45.09
|
D
|
C
|
| TKC | Turkcell Iletisim Hizmetleri | Telecommunications |
$13.03
|
D
|
C
|
| TRI | Thomson Reuters | Media |
$28.81
|
D
|
B
|
| TV | Grupo Televisa | Media |
$10.39
|
D
|
C
|
| USB | U.S. Bancorp | Commercial Banks |
$47.08
|
D
|
C
|
| WFC | Wells Fargo | Commercial Banks |
$141.58
|
D
|
C
|
| YHOO | Yahoo! Inc. | Internet Software |
$21.43
|
D
|
C
|
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Small, innovative companies are watching their earnings explode — and they are the next ten-baggers. Investing pro Louis Navellier reveals his secrets to identifying these small cap innovators, plus five of his favorite small cap stocks — download your FREE profit guide here.
