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.
| SYMBOL | COMPANY | SECTOR | MARKET CAP (B) | THIS WEEK | LAST WEEK |
| 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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