Three Winning Analyst Rating Trades for June 14
Traders looking for equities with high-probability moves in an Up or Down direction should look no further than analyst rating changes. Stocks being reported with new ratings equivalent to "Buy" - such as upgrades to Overweight or initiations with Outperform - have a notable propensity for upward moves in the first three hours of trading. The same applies to newly announced Sell (Underweight, Underperform) ratings with downward-moves.
Here are three of today's highest-return moves in ascending order:
Brean Murray Carret on Ventrus Biosciences
Brean Murray Carret initiated Ventrus Biosciences (NASDAQ: VTUS) with a Buy rating and a $30 price target. The stock opened at 10.50 and moved to 10.94 at 11:45 AM, making a long trade at open profitable by 4.19 percent. Benzinga reported the upgrade at 6:24 AM, three hours before markets opened.
Albert Fried on Pandora
Albert Fried & Company upgraded Pandora (NYSE: P) from Market Perform to Overweight with the same $13 price target. The stock opened at $10.09 and reached $10.58 by 11:52 AM, which means a long entry at the opening price would have brought a 4.86 percent gain. Benzinga reported this at 8:22 AM, over an hour before session opened.
Robert W. Baird on Nokia Corporation (Previous summary not available)
Robert W. Baird downgraded Nokia Corporation (NYSE: NOK) from Neutral to Underperform this morning. The stock opened at $2.44 at 9:30 AM and moved as low as $2.30 by 11:17 AM. A short entry at open would have brought a yield of 5.74 percent. Benzinga reported the downgrade at 8:54 AM, over half an hour before open.
Four other similarly actionable rating changes hit our wires this morning; the lowest return on whom was a positive 0.63 percent. If a trader traded all of these stock with $5,000 position, their profit would have been over $1,000 before lunch.
All of Benzinga's Analyst Ratings news can be viewed here.
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Latest Ratings for VTUS
Date | Firm | Action | From | To |
---|---|---|---|---|
May 2014 | Cantor Fitzgerald | Maintains | Hold | |
Feb 2014 | William Blair | Downgrades | Outperform | Market Perform |
Feb 2014 | Cantor Fitzgerald | Downgrades | Buy | Hold |
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