Stock Downgrades: GOOG, LMT, SNE

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Google ( GOOG ), Lockheed Martin ( LMT ) and Sony ( SNE ) were among some of the widely held stocks downgraded by Louis Navellier in his latest fundamental stock analysis on April 19, 2010.

Internet stock Google ( GOOG ) announced first-quarter earnings on Friday, April 15. GOOG stock fell after the report on fears of increased spending even though Google reported strong growth in profits. GOOG stock was downgraded from its rating of a B grade or "buy" last week in Portfolio Grader to a C grade or "hold" this week in Louis Navellier's database of stocks to buy and sell.

Aerospace and defense stock Lockheed Martin ( LMT ) was downgraded a C grade or "hold" in Portfolio Grader to a D grade or "sell" this week in Portfolio Grader in anticipation of its Wednesday, April 21, earnings report. It's key competitor Boeing ( BA ) was also downgraded from "hold" to "sell " the week before in the April 12 Portfolio Grader rankings.

Electronics giant Sony ( SNE ) was downgraded from its rating of a B grade or "buy" last week in to a C grade or "hold" this week in Portfolio Grader's fundamental stock analysis. March video game sales showed strength for software, but weak hardware sales have caused trouble for Sony and it's PlayStation 3 console.

Get a complete list of this week's stock downgrades below.

Symbol Company Name Industry

Market Cap ( B )

Grade This Week

Grade Last Week

AGU Agrium Inc. Chemicals

$9.9

D

C

AGN Allergan Inc. Pharmaceuticals

$18.8

D

C

ACH Aluminum Corp. of China Metals & Mining

$14.4

F

D

AEP American Electric Power Electric Utilities

$16.1

C

B

AXP American Express Co. Consumer Finance

$53.8

C

B

AON AON Corp. Insurance

$11.5

D

C

AUO AU Optronics Corp. Electronic Equipment

$9.8

D

C

BCS Barclays PLC Commercial Banks

$65.4

D

C

BBT BB&T Corp. Commercial Banks

$23.3

D

C

BHP BHP Billiton Ltd. Metals & Mining

$220.3

D

C

BXP Boston Properties Inc. Real Estate Investment Trusts

$10.5

D

C

BCR C.R. Bard Inc. Health Care Equipment

$8.2

D

C

CUK Carnival PLC Hotels Restaurants & Leisure

$8.7

C

B

CHA China Telecom Corp. Telecommunication Services

$39.5

F

D

CI CIGNA Corp. Health Care Providers & Services

$9.5

C

B

CEO CNOOC Ltd. Oil Gas & Fuels

$78.3

D

C

DVN Devon Energy Corp. Oil Gas & Fuels

$29.1

F

D

DOW Dow Chemical Co. Chemicals

$35.1

C

B

LLY Eli Lilly & Co. Pharmaceuticals

$40.2

D

C

ETR Entergy Corp. Electric Utilities

$15.2

D

C

EXC Exelon Corp. Electric Utilities

$28.8

F

D

GGB Gerdau S.A. Metals & Mining

$15.8

C

B

GOOG Google Inc. Internet Software & Services

$174.8

C

B

LYG Lloyds Banking Group Commercial Banks

$64.1

D

C

LMT Lockheed Martin Aerospace & Defense

$31.0

D

C

MFC Manulife Financial Insurance

$33.7

F

D

MHP McGraw-Hill Cos. Media

$11.0

D

C

MDT Medtronic Inc. Health Care Equipment

$49.8

C

B

MOT Motorola Inc. Communications Equipment

$16.9

D

C

NE Noble Corp. Energy Equipment & Services

$10.6

D

C

RL Polo Ralph Lauren Corp. Textiles Apparel & Luxury Goods

$8.9

C

B

PKX POSCO ( ADR ) Metals & Mining

$36.2

D

C

RF Regions Financial Commercial Banks

$9.9

D

C

RY Royal Bank of Canada @NA

$85.8

C

B

SAP SAP AG Software

$57.8

D

C

SI Siemens AG Industrial Conglomerates

$83.6

D

C

SNE Sony Corp. Household Durables

$35.7

C

B

SE Spectra Energy Corp. Oil Gas & Fuels

$14.8

C

B

STJ St. Jude Medical Inc. Health Care Equipment

$13.3

C

B

SYK Stryker Corp. Health Care Equipment

$22.8

C

B

SYMC Symantec Corp. Software

$13.4

D

C

TLK Telekomunikasi Indonesia Telecommunication Services

$17.5

D

C

TS Tenaris S.A. Energy Equipment & Services

$24.3

D

C

TEL Tyco Electronics Ltd. Electronic Equipment

$13.1

C

B

USB U.S. Bancorp Commercial Banks

$52.5

D

C

UMC United Microelectronics Semiconductors

$9.4

D

C

VE Veolia Environnement Multi-Utilities

$16.4

D

C

VNO Vornado Realty Trust Real Estate Investment Trusts

$13.9

D

C

WM Waste Management Inc. Commercial Services

$17.0

C

B

XRX Xerox Corp. Office Electronics

$9.0

C

B

YZC Yanzhou Coal Mining Oil Gas & Fuels

$11.7

C

B

ZMH Zimmer Holdings Inc. Health Care Equipment

$12.4

C

B

 

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 .

More Portfolio Grader stock analysis:

 

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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


Louis Navellier

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