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 |
| Anixter | Stifel Nicolaus | 43,00 | Market Perform | Outperform/Buy |
|
| Autobytel | Kaufman Bros | 6,00 | Sell | Hold |
|
| Domino's Pizza | CSFB | 20,00 | Outperform | Neutral |
|
| Electronic Arts | Pacific Crest | - | Outperform | Sector perform |
|
| Electronic Arts | Wedbush Morgan | 62,00 | Buy | Hold |
|
| Finish Line | Banc of America Sec | - | Buy | Neutral |
|
| Hilb, Rogal & Hobbs | Sandler O'Neill | - | Buy | Hold |
|
| Honeywell | Deutsche Securities | - | Buy | Hold |
|
| Kerzner | CIBC Wrld Mkts | - | Sector perform | Sector Underperform |
|
| Kirklands | Jefferies & Co | 11,00 | Buy | Hold |
|
| Marriott | CIBC Wrld Mkts | - | Sector Outperform | Sector perform |
|
| Marsh McLennan | Keefe Bruyette | 24,00 | Mkt Perform | Underperform |
|
| Meritage Corp | Friedman Billings | 88,00 | Mkt Perform | Underperform |
|
| MicroStrategy | First Albany | - | Strong Buy | Neutral |
|
| MicroStrategy | Wedbush Morgan | 60,00 | Buy | Hold |
|
| Oracle | Bernstein | - | Outperform | Mkt Perform |
|
| Pinnacle | CIBC Wrld Mkts | - | Sector perform | Sector Underperform |
|
| Portugal Telecom | Bear Stearns | - | Peer Perform | Underperform |
|
| Quest Diagnostics | CIBC Wrld Mkts | - | Sector Outperform | Sector perform |
|
| Realty Income | AG Edwards | - | Buy | Hold |
|
| Silicon Storage | CE Unterberg Towbin | - | Buy | Market Perform |
|
| Sonus Networks | Pacific Growth Equities | - | Over Weight | Equal Weight |
|
| Station Casinos | CIBC Wrld Mkts | - | Sector perform | Sector Underperform |
|
| Symantec | Avondale Partners | 30,00 | Mkt Outperform | Mkt Perform |
|
| TEKELEC | Oppenheimer | - | Buy | Neutral |
|
| Tippingpoint | Wedbush Morgan | 47,00 | Buy | Hold |
|
| Tuesday Morning | First Albany | - | Buy | Neutral |
|
| Tuesday Morning | Jefferies & Co | 31,00 | Buy | Hold |
|
| Vodafone PLC | Goldman Sachs | - | Outperform | In-Line |
|
| Willis Group | Keefe Bruyette | 40,00 | Outperform | Mkt Perform |
|
| Albany Molecular | Legg Mason | - | Initiated | Hold |
|
| American Campus Communities | JP Morgan | - | Initiated | Neutral |
|
| Apollo Group | Robert W. Baird | - | Initiated | Outperform |
|
| Apple Computer | AmTech Research | - | Initiated | Buy |
|
| ATI Tech | JMP Securities | - | Initiated | Mkt Perform |
|
| Brookstone | IRG Research | - | Initiated | Buy |
|
| Cambrex Corp | Legg Mason | - | Initiated | Buy |
|
| Cardiome Pharma | Punk, Ziegel & Co | - | Initiated | Buy |
|
| Career Education | Robert W. Baird | - | Initiated | Outperform |
|
| Chicago Bridge | Banc of America Sec | - | Initiated | Neutral |
|
| Concur Tech | Piper Jaffray | - | Initiated | Outperform |
|
| Corinthian Colleges | Robert W. Baird | - | Initiated | Outperform |
|
| Doral Fincl | KeyBanc Capital Mkts / McDonald | - | Initiated | Buy |
|
| Dreamworks Animation | Goldman Sachs | - | Initiated | In-Line |
|
| Esterline Techs | KeyBanc Capital Mkts / McDonald | - | Initiated | Hold |
|
| Fisher Scientific | Legg Mason | - | Initiated | Buy |
|
| Ingram Micro | Needham & Co | - | Initiated | Buy |
|
| Investment Tech | Keefe Bruyette | - | Initiated | Outperform |
|
| ITT Educational | Robert W. Baird | - | Initiated | Neutral |
|
| Laureate Education | Robert W. Baird | - | Initiated | Outperform |
|
| Liberty Media | Banc of America Sec | - | Initiated | Buy |
|
| Macromedia | JP Morgan | - | Initiated | Neutral |
|
| Manpower | Ryan, Beck & Co | - | Initiated | Outperform |
|
| McCormick | Bear Stearns | - | Initiated | Outperform |
|
| Merix | KeyBanc Capital Mkts / McDonald | - | Initiated | Hold |
|
| News Corp | Banc of America Sec | - | Initiated | Buy |
|
| Northstar Realty | Friedman Billings | - | Initiated | Outperform |
|
| Novatel Wireless | Avondale Partners | - | Initiated | Mkt Outperform |
|
| NVIDIA | JMP Securities | - | Initiated | Mkt Outperform |
|
| Qualcomm | RBC Capital Mkts | - | Initiated | Outperform |
|
| Rightnow Tech | Piper Jaffray | - | Initiated | Market Perform |
|
| Salesforce.com | Piper Jaffray | - | Initiated | Underperform |
|
| Silicon Labs | Smith Barney Citigroup | - | Initiated | Buy |
|
| Skyworks | Smith Barney Citigroup | - | Initiated | Buy |
|
| Steel Dynamics | Jefferies & Co | - | Initiated | Hold |
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| Texas Instruments | RBC Capital Mkts | - | Initiated | Sector perform |
|
| Time Warner | Banc of America Sec | - | Initiated | Buy |
|
| TTM Tech | KeyBanc Capital Mkts / McDonald | - | Initiated | Buy |
|
| U-Store-It | Raymond James | - | Initiated | Mkt Perform |
|
| Ultimate Software | Piper Jaffray | - | Initiated | Underperform |
|
| United Industrial | Kaufman Bros | - | Initiated | Buy |
|
| Universal Health | CSFB | - | Initiated | Neutral |
|
| US Shipping | KeyBanc Capital Mkts / McDonald | - | Initiated | Buy |
|
| WellCare Group | Legg Mason | - | Initiated | Hold |
|
| Wells-Gardner Electronics | Merriman Curhan Ford | - | Initiated | Buy |
|
| Equity Office | Merrill Lynch | - | Sell | Neutral |
|
| Hilton Hotels | CIBC Wrld Mkts | - | Sector perform | Sector Outperform |
|
| Isle of Capri | CIBC Wrld Mkts | - | Sector perform | Sector Outperform |
|
| Kilroy Realty | Merrill Lynch | - | Neutral | Buy |
|
| Kyphon | UBS | - | Neutral | Buy |
|
| Penn Natl Gaming | CIBC Wrld Mkts | - | Sector perform | Sector Outperform |
|
| Siemens AG | Smith Barney Citigroup | 99,00 | Hold | Buy |
|
| Sprint FON | CIBC Wrld Mkts | - | Sector perform | Sector Outperform |
|
| Starwood Hotels | CIBC Wrld Mkts | - | Sector perform | Sector Outperform |
|
| Steris Corp | Thomas Weisel | - | Peer Perform | Outperform |
|
| Trizec | Merrill Lynch | - | Neutral | Buy |
|
| Urban Outfitters | Pacific Growth Equities | - | Equal Weight | Over Weight |
|
| Verint Systems | CIBC Wrld Mkts | 43,00 | Sector perform | Sector Outperform |
|
| Veritas Software | Garban | 31,00 | Neutral | Buy |
|
| WMS Industries | CIBC Wrld Mkts | - | Sector Underperform | Sector perform |
|
| Adtran | Janney Mntgmy Scott | 18,00 | Buy | Hold |
|
| Adtran | Robert W. Baird | - | Outperform | Neutral |
|
| Adtran | WR Hambrecht | 16,00 | Buy | Hold |
|
| Alcoa | JP Morgan | - | Overweight | Neutral |
|
| Ameristar Casinos | CIBC Wrld Mkts | - | Sector perform | Sector Underperform |
|
| Aon Corp | Keefe Bruyette | 20,00 | Mkt Perform | Underperform |
|
| Applied Films | Lehman Brothers | - | Overweight | Equal-weight |
|
| Autobytel | Moors & Cabot | - | Buy | Hold |
|
| Buffalo Wild Wings | Monarch Research | 31,00 | Hold | Sell |
|
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