Goldman upgraded Nokia (NYSE: NOK) to Neutral from Sell on valuation and believes the company's guidance is realistic.
SMH Capital upgraded GMX Resources (NASDAQ: GMXR) to Accumulate from Neutral and is positive on the company's capex reduction.
Wachovia raised Nationwide Health Services (NYSE: NHP) to Outperform from Market Perform to reflect the company's diversified portfolio and "solid" capital position.
Portugal Telecom (NYSE: PT) was upgraded to Equal Weight from Underweight at Morgan Stanley.
Omnicare (NYSE: OCR) was upgraded to Buy from Hold at Soleil.
SKF AB (OTC: SKFRY) was upgraded at JP Morgan to Neutral from Underweight.
This has been a tough year and a very tough 3rd quarter for all sectors. Energy was affected as much if not worse than most of the other sectors. Here I will detail the performance of the virtual mutual fund I've set up for the Energy sector on the Marketocracy web site. Orange line in the chart below shows how my Energy Fund has performed relative to the m100 (a collective Marketocracy fund that uses picks from the top 100 members), S&P 500, Dow Jones Index, and Nasdaq. <a[More...]
Wow, a week in the energy world that wasn’t cause for resource fund managers to look through the help wanted adds while working on their tans in the Hamptons. It seems energy companies are not about to go out of business and the sentiment meter on the E&P and Oil Service sectors has ticked up (...)[More...]