Přehled titulů, na které bylo v předchozím obchodním dni vydáno nové doporučení. V první části tabulky naleznete přehled společností, kterým bylo zlepšeno doporučení (upgrade), druhá část tabulky naopak nabízí přehled těch titulů, na které bylo doporučení zhoršeno (downgrade). V tabulkách nechybí samozřejmě ani staré a nové doporučení, název společnosti, která doporučení vydala a případně i cílová cena. Pod tabulkou naleznete vysvětlení všech pojmů, které se v tabulkách vyskytují.
| Titul | Společnost | Cílová cena | Původní doporučení | Nové doporučení | Změna |
| Black Box | Robert W. Baird | 46,00 | Underperform | Neutral |
|
| Cablevision | Friedman Billings | 28,00 | Mkt Perform | Outperform |
|
| Intermagnetics | Needham & Co | 33,00 | Strong Buy | Buy |
|
| Jackson Hewitt | Morgan Stanley | - | Overweight | Equal-weight |
|
| La-Z-Boy | Morgan Keegan | - | Mkt Perform | Underperform |
|
| Leapfrog | Merriman Curhan Ford | - | Buy | Neutral |
|
| Meridian Diagnostics | Robert W. Baird | - | Outperform | Neutral |
|
| Monsanto | UBS | - | Buy | Neutral |
|
| Norstan | Miller Johnson | 6,00 | Buy | Neutral |
|
| PDI Inc | William Blair | - | Outperform | Mkt Perform |
|
| Pharmos Corporation | RBC Capital Mkts | 2,00 | Outperform | Sector perform |
|
| Primus Guaranty | Keefe Bruyette | 16,00 | Outperform | Mkt Perform |
|
| Public Service | Jefferies & Co | - | Buy | Hold |
|
| Rayovac | UBS | 34,00 | Buy | Neutral |
|
| Silicon Storage | Piper Jaffray | - | Outperform | Market Perform |
|
| Silicon Storage | WR Hambrecht | 5,00 | Hold | Sell |
|
| Time Warner | Morgan Stanley | - | Overweight | Equal-weight |
|
| USI Holdings | Sandler O'Neill | - | Buy | Hold |
|
| York Intl | JP Morgan | - | Overweight | Neutral |
|
| York Intl | KeyBanc Capital Mkts / McDonald | - | Hold | Underweight |
|
| Aladdin Knowledge Systems | Wedbush Morgan | - | Initiated | Hold |
|
| American Express | JP Morgan | - | Initiated | Overweight |
|
| Ascential | UBS | - | Initiated | Buy |
|
| ATMI | Piper Jaffray | - | Initiated | Market Perform |
|
| Beazer Homes | JP Morgan | - | Initiated | Underweight |
|
| Beverly Enterprises | Friedman Billings | - | Initiated | Outperform |
|
| Blackbaud | William Blair | - | Initiated | Outperform |
|
| Blue Nile | Legg Mason | - | Initiated | Buy |
|
| Brigham Exploration | First Albany | - | Initiated | Neutral |
|
| Brocade | AG Edwards | - | Initiated | Buy |
|
| Brown-Forman Corp | DA Davidson | - | Initiated | Buy |
|
| Calpine | Smith Barney Citigroup | - | Initiated | Sell |
|
| Capital One | JP Morgan | - | Initiated | Overweight |
|
| Carrizo Oil & Gas, Inc. | First Albany | - | Initiated | Buy |
|
| China Netcom | Smith Barney Citigroup | - | Initiated | Buy |
|
| Commscope | Lehman Brothers | - | Initiated | Overweight |
|
| Community Health | Goldman Sachs | - | Initiated | In-Line |
|
| Cooper Industries | Friedman Billings | - | Initiated | Mkt Perform |
|
| Delta Petroleum Corp. | First Albany | - | Initiated | Neutral |
|
| Doral Fincl | Deutsche Securities | - | Initiated | Buy |
|
| Double Eagle Petro.& Min. | First Albany | - | Initiated | Buy |
|
| Endo Pharm | Oppenheimer | - | Initiated | Buy |
|
| Entravision | Banc of America Sec | - | Initiated | Buy |
|
| Fisher Scientific | UBS | - | Initiated | Buy |
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| Fluor | JP Morgan | - | Initiated | Neutral |
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| Forest Oil | First Albany | - | Initiated | Buy |
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| Genesis HealthCare | Friedman Billings | - | Initiated | Mkt Perform |
|
| Gold Kist | JP Morgan | - | Initiated | Neutral |
|
| Greenfield Online | Pacific Growth Equities | - | Initiated | Over Weight |
|
| HCR Manor Care | Friedman Billings | - | Initiated | Outperform |
|
| Health Management | Goldman Sachs | - | Initiated | Outperform |
|
| Hovnanian Entrpr | JP Morgan | - | Initiated | Overweight |
|
| IndyMac Banc | Deutsche Securities | - | Initiated | Buy |
|
| Informatica | UBS | - | Initiated | Buy |
|
| Jamdat Mobile | Merriman Curhan Ford | - | Initiated | Buy |
|
| Lexar Media | Needham & Co | - | Initiated | Hold |
|
| Lifepoint Hospitals | Goldman Sachs | - | Initiated | In-Line |
|
| MBNA Corp | JP Morgan | - | Initiated | Neutral |
|
| McData | AG Edwards | - | Initiated | Buy |
|
| MDC Holdings | JP Morgan | - | Initiated | Underweight |
|
| Mid-America Aptmt | Morgan Keegan | - | Initiated | Mkt Perform |
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| MoneyGram Intl | Jefferies & Co | - | Initiated | Buy |
|
| Motorola | Oppenheimer | - | Initiated | Buy |
|
| Nalco Holding | Deutsche Securities | - | Initiated | Hold |
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| Nalco Holding | Goldman Sachs | - | Initiated | In-Line |
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| Nalco Holding | JP Morgan | - | Initiated | Neutral |
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| Nalco Holding | UBS | - | Initiated | Neutral |
|
| Netease.com | Roth Capital | - | Initiated | Buy |
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| Neurobiological Tech. | Merriman Curhan Ford | - | Initiated | Buy |
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| New York Mortgage Trust | Ryan, Beck & Co | - | Initiated | Outperform |
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| Newell Rubbermaid | Deutsche Securities | - | Initiated | Buy |
|
| Nike | Prudential | - | Initiated | Neutral |
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| NRG Energy | Smith Barney Citigroup | - | Initiated | Buy |
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| Odyssey Healthcare | RBC Capital Mkts | - | Initiated | Underperform |
|
| Ormat Tech | Deutsche Securities | - | Initiated | Sell |
|
| Ormat Tech | Lehman Brothers | - | Initiated | Equal-weight |
|
| Parametric | AG Edwards | - | Initiated | Hold |
|
| Petroleum Development | First Albany | - | Initiated | Neutral |
|
| Pier 1 Imports | JP Morgan | - | Initiated | Underweight |
|
| Pilgrim's Pride | JP Morgan | - | Initiated | Overweight |
|
| Pioneer Natural | First Albany | - | Initiated | Neutral |
|
| Progressive | Stanford | - | Initiated | Hold |
|
| Providian | JP Morgan | - | Initiated | Underweight |
|
| Qwest | Smith Barney Citigroup | - | Initiated | Sell |
|
| Reebok | Prudential | - | Initiated | Overweight |
|
| Rightnow Tech | Prudential | - | Initiated | Neutral |
|
| Ritchie Bros. | Barrington Research | - | Initiated | Mkt Perform |
|
| Ryland Group | JP Morgan | - | Initiated | Overweight |
|
| S & T Bancorp | Ryan, Beck & Co | - | Initiated | Mkt Perform |
|
| SanDisk | Merrill Lynch | - | Initiated | Buy |
|
| Shanda Interactive | Roth Capital | - | Initiated | Buy |
|
| Shopping.com | Legg Mason | - | Initiated | Hold |
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| SiRF Technology | IRG Research | - | Initiated | Buy |
|
| SiRF Technology | Jefferies & Co | - | Initiated | Buy |
|
| Smithfield Foods | JP Morgan | - | Initiated | Neutral |
|
| Spinnaker Exp | First Albany | - | Initiated | Buy |
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| Standard Pacific | JP Morgan | - | Initiated | Neutral |
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| Supertex, Inc. | Janney Mntgmy Scott | - | Initiated | Hold |
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| Sysco Corp | Smith Barney Citigroup | - | Initiated | Buy |
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| Tenet Healthcare | Goldman Sachs | - | Initiated | Underperform |
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| Thomson | JP Morgan | - | Initiated | Overweight |
|
| Tibco Software | UBS | - | Initiated | Buy |
|
| Triad Hospitals | Goldman Sachs | - | Initiated | Outperform |
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| Tyson Foods | JP Morgan | - | Initiated | Overweight |
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| U.S. Xpress | Morgan Keegan | - | Initiated | Outperform |
|
| VASCO Data Security Int'l | Wedbush Morgan | - | Initiated | Hold |
|
| VistaCare | RBC Capital Mkts | - | Initiated | Sector perform |
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| Websense | Avondale Partners | - | Initiated | Mkt Outperform |
|
| Williams-Sonoma | JP Morgan | - | Initiated | Neutral |
|
| Ziprealty | Pacific Growth Equities | - | Initiated | Over Weight |
|
| Ziprealty | Thomas Weisel | - | Initiated | Outperform |
|
| Cablevision | Smith Barney Citigroup | 31,00 | Hold | Buy |
|
| Cambridge Antibody | Merrill Lynch | - | Neutral | Buy |
|
| Comerica | Oppenheimer | 68,00 | Neutral | Buy |
|
| CONSOL Energy | Smith Barney Citigroup | - | Hold | Buy |
|
| Electro Scientific | Needham & Co | 23,00 | Hold | Buy |
|
| Ferrellgas Partners | UBS | 21,00 | Neutral | Buy |
|
| Google | Caris & Company | - | Above Average | Buy |
|
| Intel | Lehman Brothers | - | Equal-weight | Overweight |
|
| Koninklijke KPN | Lehman Brothers | - | Equal-weight | Overweight |
|
| Limited | Prudential | 22,00 | Underweight | Neutral |
|
| McAfee | Susquehanna Financial | - | Net Neutral | Net Positive |
|
| Mission West | BB&T Capital Mkts | 12,00 | Underweight | Buy |
|
| Myers Industries, Inc. | KeyBanc Capital Mkts / McDonald | 14,00 | Hold | Buy |
|
| Newmont Mining | UBS | 54,00 | Neutral | Buy |
|
| Nextel | CSFB | - | Neutral | Outperform |
|
| Nobility Homes | AG Edwards | 25,00 | Hold | Buy |
|
| Salesforce.com | Wachovia | - | Mkt Perform | Outperform |
|
| Sirenza Micro | Oppenheimer | 8,00 | Neutral | Buy |
|
| Ambassadors Intl | DA Davidson | 14,00 | Neutral | Underperform |
|
| American Health | Dougherty & Company | - | Buy | Neutral |
|
| Endo Pharm | Smith Barney Citigroup | - | Buy | Hold |
|
| Euronet | Morgan Keegan | - | Outperform | Mkt Perform |
|
| Greenhill & Co. | UBS | 25,00 | Neutral | Reduce |
|
| H & R Block | Morgan Stanley | - | Equal-weight | Underweight |
|
Nejčastěji používané škály investičních doporučení
Strong buy …. Silné doporučení kupovat
Buy … Kupovat
Neutral … Neutrální doporučení / Držet
Sell … Prodat
Strong sell … Silné doporučení prodat
Buy … Kupovat
Accumulate … Akumulovat (pomalu kupovat, využívat občasných výkyvů v ceně)
Hold … Držet
Reduce … Redukovat (pomalu prodávat, využívat občasných výkyvů v ceně)
Sell … Prodávat
(Market) Outperform … Očekává se, že kurz titulu se bude vyvíjet lépe než celý akciový trh
(Market) Perform …. Kurz titulu se bude vyvíjet podobně jako trh
(Market) Underperform … Očekává se, že kurz titulu se bude vyvíjet hůře než celý akciový trh
Overweight … Zastoupení titulu v portfoliu má být větší, než jaké je v benchmark indexu (fond manažer bývá zpravidla hodnocen podle toho, o kolik je výkonnost fondu lepší než výkonnost benchmarku). Doporučení overweight tedy znamená, že jeho autor si myslí, že titul je natolik dobrý, že fond manažer by jej měl mít v portfoliu víc, než jak mu říká benchmark, a tím by se měla zlepšit výkonnost fondu vůči tomuto benchmarku.
Equal-weight … Tzn. Vyhlídky titulu nejsou ani tak dobré, ani tak špatné, aby se portfolio manažer uchyloval od benchmarku.
Underweight …vyhlídky titulu jsou natolik neatraktivní, že autor doporučení radí fond manažerovi, aby tento titul měl menší zastoupení v portfoliu, než jaké má v benchmarkovém indexu.
Časové rozlišení (horizont)
Long-term (LT) … Doporučení pro dlouhodobý horizont
Intermediate … Doporučení pro střednědobý horizont
Medium-term (MT) … Doporučení pro střednědobý horizont
Short-term (ST) … Doporučení pro krátkodobý horizont
Near-term (NT) … Doporučení pro krátkodobý horizont
Milan Procházka, Patria Finance