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Technical Trade Alerts on Recent Analyst Upgrade Notables: IVGN, DENN, POT, NOK, CP, MF

Positive upgrades mostly drove bullish moves for several companies spanning numerous industries including biotechnology, restaurants, agricultural chemical, communications, railroads and financial companies.

(EMAILWIRE.COM, October 31, 2008 ) DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering recent analyst upgrades: Invitrogen Corp. (Nasdaq: IVGN), Denny’s Corp. (Nasdaq: DENN), Potash Corp. of Saskatchewan Inc. (NYSE: POT), Nokia Corp. (NYSE: NOK), Canadian Pacific Railway Ltd. (NYSE: CP) and MF Global Ltd. (NYSE: MF).

In the Trade Alert, the author highlights Invitrogen’s Buy rating, and shareholders vote to approve merger with Applied Biosystems Inc.:

“Invitrogen Corp. (IVGN) shares climbed 2.53% to $27.59 Thursday mid-day. Invitrogen engages in the development, manufacture and marketing of research tools in reagent, kit and applications forms for the life sciences research, drug discovery and diagnostics customers, as well as biological products manufacturers. … Deutsche Bank recently upgraded Invitrogen to Buy. … Invitrogen recently announced its shareholders have voted to approve the company’s proposed $6.4 billion merger with Applied Biosystems Inc. at a recent special shareholders' meeting. The company agreed to buy Applied Biosystems in June for $38 per share in cash and stock. Both companies said more than 80% of their shareholders voted in favor of the deal, which will combine the companies under the Applied Biosystems name.”

The Trade Alert author also featured Denny's upgrade to Buy, as well as a doubling in the company’s Q3 profits:

“Denny's Corp. (DENN) shares soared 9.74% Thursday mid-day, trading at $1.69. Denny's, through its subsidiaries, engages in the ownership and operation of family-style restaurants primarily in the United States. … Merriman Curhan recently upgraded Denny's from Neutral to Buy. … Denny's recently reported its profit more than doubled in the third quarter. For the quarter ended September 24, the company said its net income increased to $10.6 million, or 11 cents per share, up from $5 million, or 5 cents per share, during the prior year. Analysts polled by Thomson Reuters expected the company to earn 7 cents per share for the quarter.”


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Source: BeaconEquity.com

Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com

Contact Information:
Beacon Equity Research
Jeff Bishop
Tel: (469)-252-3505
Email us


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