Google (GOOG), Lockheed Martin (LMT) and Sony (SNE) were among some of the widely held stocks downgraded by Louis Navellier in his latest fundamental stock analysis on April 19, 2010.
Internet stock Google (GOOG) announced first-quarter earnings on Friday, April 15. GOOG stock fell after the report on fears of increased spending even though Google reported strong growth in profits. GOOG stock was downgraded from its rating of a B grade or “buy” last week in Portfolio Grader to a C grade or “hold” this week in Louis Navellier’s database of stocks to buy and sell.
Aerospace and defense stock Lockheed Martin (LMT) was downgraded a C grade or “hold” in Portfolio Grader to a D grade or “sell” this week in Portfolio Grader in anticipation of its Wednesday, April 21, earnings report. It’s key competitor Boeing (BA) was also downgraded from “hold” to “sell” the week before in the April 12 Portfolio Grader rankings.
Electronics giant Sony (SNE) was downgraded from its rating of a B grade or “buy” last week in to a C grade or “hold” this week in Portfolio Grader’s fundamental stock analysis. March video game sales showed strength for software, but weak hardware sales have caused trouble for Sony and it’s PlayStation 3 console.
Get a complete list of this week’s stock downgrades below.
| Symbol | Company Name | Industry |
Market Cap (B)
|
Grade This Week
|
Grade Last Week
|
| AGU | Agrium Inc. | Chemicals |
$9.9
|
D
|
C
|
| AGN | Allergan Inc. | Pharmaceuticals |
$18.8
|
D
|
C
|
| ACH | Aluminum Corp. of China | Metals & Mining |
$14.4
|
F
|
D
|
| AEP | American Electric Power | Electric Utilities |
$16.1
|
C
|
B
|
| AXP | American Express Co. | Consumer Finance |
$53.8
|
C
|
B
|
| AON | AON Corp. | Insurance |
$11.5
|
D
|
C
|
| AUO | AU Optronics Corp. | Electronic Equipment |
$9.8
|
D
|
C
|
| BCS | Barclays PLC | Commercial Banks |
$65.4
|
D
|
C
|
| BBT | BB&T Corp. | Commercial Banks |
$23.3
|
D
|
C
|
| BHP | BHP Billiton Ltd. | Metals & Mining |
$220.3
|
D
|
C
|
| BXP | Boston Properties Inc. | Real Estate Investment Trusts |
$10.5
|
D
|
C
|
| BCR | C.R. Bard Inc. | Health Care Equipment |
$8.2
|
D
|
C
|
| CUK | Carnival PLC | Hotels Restaurants & Leisure |
$8.7
|
C
|
B
|
| CHA | China Telecom Corp. | Telecommunication Services |
$39.5
|
F
|
D
|
| CI | CIGNA Corp. | Health Care Providers & Services |
$9.5
|
C
|
B
|
| CEO | CNOOC Ltd. | Oil Gas & Fuels |
$78.3
|
D
|
C
|
| DVN | Devon Energy Corp. | Oil Gas & Fuels |
$29.1
|
F
|
D
|
| DOW | Dow Chemical Co. | Chemicals |
$35.1
|
C
|
B
|
| LLY | Eli Lilly & Co. | Pharmaceuticals |
$40.2
|
D
|
C
|
| ETR | Entergy Corp. | Electric Utilities |
$15.2
|
D
|
C
|
| EXC | Exelon Corp. | Electric Utilities |
$28.8
|
F
|
D
|
| GGB | Gerdau S.A. | Metals & Mining |
$15.8
|
C
|
B
|
| GOOG | Google Inc. | Internet Software & Services |
$174.8
|
C
|
B
|
| LYG | Lloyds Banking Group | Commercial Banks |
$64.1
|
D
|
C
|
| LMT | Lockheed Martin | Aerospace & Defense |
$31.0
|
D
|
C
|
| MFC | Manulife Financial | Insurance |
$33.7
|
F
|
D
|
| MHP | McGraw-Hill Cos. | Media |
$11.0
|
D
|
C
|
| MDT | Medtronic Inc. | Health Care Equipment |
$49.8
|
C
|
B
|
| MOT | Motorola Inc. | Communications Equipment |
$16.9
|
D
|
C
|
| NE | Noble Corp. | Energy Equipment & Services |
$10.6
|
D
|
C
|
| RL | Polo Ralph Lauren Corp. | Textiles Apparel & Luxury Goods |
$8.9
|
C
|
B
|
| PKX | POSCO (ADR) | Metals & Mining |
$36.2
|
D
|
C
|
| RF | Regions Financial | Commercial Banks |
$9.9
|
D
|
C
|
| RY | Royal Bank of Canada | @NA |
$85.8
|
C
|
B
|
| SAP | SAP AG | Software |
$57.8
|
D
|
C
|
| SI | Siemens AG | Industrial Conglomerates |
$83.6
|
D
|
C
|
| SNE | Sony Corp. | Household Durables |
$35.7
|
C
|
B
|
| SE | Spectra Energy Corp. | Oil Gas & Fuels |
$14.8
|
C
|
B
|
| STJ | St. Jude Medical Inc. | Health Care Equipment |
$13.3
|
C
|
B
|
| SYK | Stryker Corp. | Health Care Equipment |
$22.8
|
C
|
B
|
| SYMC | Symantec Corp. | Software |
$13.4
|
D
|
C
|
| TLK | Telekomunikasi Indonesia | Telecommunication Services |
$17.5
|
D
|
C
|
| TS | Tenaris S.A. | Energy Equipment & Services |
$24.3
|
D
|
C
|
| TEL | Tyco Electronics Ltd. | Electronic Equipment |
$13.1
|
C
|
B
|
| USB | U.S. Bancorp | Commercial Banks |
$52.5
|
D
|
C
|
| UMC | United Microelectronics | Semiconductors |
$9.4
|
D
|
C
|
| VE | Veolia Environnement | Multi-Utilities |
$16.4
|
D
|
C
|
| VNO | Vornado Realty Trust | Real Estate Investment Trusts |
$13.9
|
D
|
C
|
| WM | Waste Management Inc. | Commercial Services |
$17.0
|
C
|
B
|
| XRX | Xerox Corp. | Office Electronics |
$9.0
|
C
|
B
|
| YZC | Yanzhou Coal Mining | Oil Gas & Fuels |
$11.7
|
C
|
B
|
| ZMH | Zimmer Holdings Inc. | Health Care Equipment |
$12.4
|
C
|
B
|
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.
