Downgrades This Week – COST, XOM, MS

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Costco ( COST ), Exxon Mobil ( XOM ) and Morgan Stanley ( MS ) were among some of the widely held stocks downgraded by Louis Navellier in his latest fundamental stock analysis on March 29, 2010.

Costco ( COST ) missed expectations in its March earnings report despite strong international sales. Costco didn't offer an outlook but said its fiscal second-quarter results were in line with internal projections. Costco was downgraded from "Buy" to "Sell."

Exxon Mobil ( XOM ) is making a $28.5 billion bet on natural gas even as most Wall Street experts are betting on prices falling, according to a Bloomberg news report. Exxon was downgraded from a "Sell" to a "Strong Sell."

Morgan Stanley ( MS ) recently has been chosen to underwrite and advise the government as the United States looks to sell its nearly 30% stake in Citigroup ( C ). Morgan Stanley was downgraded from a "Sell" to a "Strong Sell."

A complete look at this week's downgrades among widely held stocks is below. Also please check out this week's stock upgrades .

About Portfolio Grader: Every Sunday, renowned growth stock adviser Louis Navellier runs a fundamental analysis on the top 5,000 Wall Street companies. Armed with this research, Navellier offers a rating for each company reflected as  a simple letter grade, with A being "strong buy" and F being "strong sell." Portfolio Grader's stock data is free and open to the public, and can be accessed online here .

SYMBOL COMPANY NAME SECTOR MARKET CAP ( B ) THIS WEEK LAST WEEK ABX Barrick Gold Corp. Metals & Mining $36.8 F D ACH Aluminum Corp. of China Metals & Mining $13.6 F D ADI Analog Devices Inc. Semiconductors $8.5 C B AEM Agnico-Eagle Mines Ltd. Metals & Mining $8.7 F D AET Aetna Inc. Health Care Providers $14.8 C A AGN Allergan Inc. Pharmaceuticals $19.5 D C AMT American Tower Corp. Telecommunications $16.7 D C BAX Baxter International Inc. Health Care Equipment $35.1 C A BCR C.R. Bard Inc. Health Care Equipment $8.2 D C BMC BMC Software Inc. Software $7.0 D C BRCM Broadcom Corp. Semiconductors $16.4 C B BSX Boston Scientific Corp. Health Care Equipment $10.6 F D CA CA Inc. Software $12.1 D C CCI Crown Castle International Telecommunications $10.8 C B CHRW C.H. Robinson Worldwide Air Freight & Logistics $9.3 D C COST Costco Wholesale Corp. Food & Staples Retailing $26.5 C B CX Cemex S.A.B. Construction Materials $9.6 F D DGX Quest Diagnostics Inc. Health Care Providers $10.6 C B GENZ Genzyme Corp. Biotechnology $14.1 F D IR Ingersoll-Rand Plc Machinery $11.1 C B LOW Lowe's Cos. Specialty Retail $35.7 D C MS Morgan Stanley Capital Markets $39.3 F D NOV National Oilwell Varco Energy Equipment $16.7 F D PAYX Paychex Inc. IT Services $11.3 D C PGN Progress Energy Inc. Electric Utilities $11.0 D C PKX POSCO (ADR) Metals & Mining $35.8 D C PTR PetroChina Co. Oil Gas & Fuels $205.8 F D SPLS Staples Inc. Specialty Retail $17.3 D C UBS UBS AG Capital Markets $54.5 F D UNH UnitedHealth Group Health Care Providers $37.4 C A XOM Exxon Mobil Corp. Oil Gas & Fuels $314.5 F D ZMH Zimmer Holdings Inc. Health Care Equipment $11.7 C B



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

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Louis Navellier

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