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Trading The Deluge Of Upgrades

It appears Wall Street analysts were out in force on Monday issuing a string of notable upgrades.

The Fast Money traders feel you should know about at least 8 of them. They follow as well as trading insights, as appropriate.

Morgan Stanley

The Street: The financial giant received two positive notes; Credit Suisse upgraded Morgan Stanley to ‘Outperform’ from ‘Neutral’ and raised its price target to $38 from $35, while UBS lifted its outlook to ‘Buy’ from ‘Neutral.’ Both firms cited potential from the Smith Barney integration as a positive catalyst.

Symbol
Price
 
Change
%Change
MS
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Fast Money: I think Morgan as well as Goldman are trading cheaply, says Pete Najarian. Both should go higher but I’d also be a buyer of puts for protection.

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Boeing

The Street: The aerospace giant received two upgrades; Barclays raised the stock to ‘Overweight’ from ‘Equal-weight’ while Jesup & Lamont upgraded the firm to 'Buy' from 'Hold.' The latter said the stock represents a "compelling investment" as the industry has stabilized and is showing signs of recovery.

Symbol
Price
 
Change
%Change
XCS
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Oil Refiners

The Street: Deutsche boosted its outlook on refiners as a group and raised its rating on several names, including Valero and Sunoco saying it expects oil demand in the US to rise.

Fast Money: Look at Chevron says Mike Khouw of Cantor Fitzgerald on the Halftime Report. CVX trades at an attractive multiple.

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Intel

The Street: Baird upgraded the chip maker to ‘Outperform’ from ‘Neutral’ and raised its price target on the stock to $26 from $24 on expectations for a rebound in corporate PC spending.

Fast Money: With all the positive data out Monday, I'd have though Intel would make a 52-week high and it didn't, says Guy Adami. You take it from there.

Symbol
Price
 
Change
%Change
INTC
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Google

The Street: FBR Capital analyst Heath Terry reiterated his ‘Outperform’ rating on Google, and lifted his price target to $810, from $680. “We continue to believe that Google is the best-positioned of the large-cap Internet companies,” he wrote in a research note.

Fast Money: And with the new Nexus One smartphone expected to debut this week, Google stands to win that much more of the lucrative mobile search market, adds Pete Najarian. It's a win, win.

Symbol
Price
 
Change
%Change
GOOGL
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UnitedHealth

The Street: Citigroup analyst Charles Boorady raised his rating on UnitedHealth to ‘Buy’ from ‘Hold’ citing attractive valuations and an expectation that health care reform will likely benefit this company.

Fast Money: I like UNH, says Guy Adami but I think Citi is late to the trade.

Symbol
Price
 
Change
%Change
UNH
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Las Vegas Sands & Wynn

The Street: Robin Farley of UBS raised Las Vegas Sands to ‘Buy’ from ‘Neutral,’ saying she anticipates higher-than-expected gaming revenue from the Macau business this year. The brokerage also upgraded Wynn Resorts to "buy" from "neutral" on valuation.

Symbol
Price
 
Change
%Change
LVS
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Fast Money: In a good tape LVS probably gets you done, says Guy Adami. But personally I think the stock is in no man’s land.

Symbol
Price
 
Change
%Change
WYNN
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To hear more from Robin Farley please watch the video.

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Trader disclosure: On January 4th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;

For Guy Adami:
Adami Owns (AGU)
Adami Owns (C)
Adami Owns (GS)
Adami Owns (INTC)
Adami Owns (MSFT)
Adami Owns (NUE)
Adami Owns (BTU)

For Pete Najarian:
Najarian Owns (CLF), Is Short (CLF) Calls
Najarian Owns (MGM)
Najarian Owns (MS)
Najarian Owns (CAT) Call Spread
Najarian Owns (BP) Call Spread
Najarian Owns (BG) Call Spread

For Karen Finerman:
Finerman Owns (GOOG)
Finerman's Firm Is Short (IJR)
Finerman's Firm Is Short (IWM)
Finerman's Firm Is Short (MDY)
Finerman's Firm Is Short (SPY)
Finerman Owns (AAPL)
Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads
Finerman Owns (BAC) Preferred, (BAC)
Finerman's Firm Owns (CSCO)
Finerman's Firm Owns (MSFT)
Finerman's Firm And Finerman Own (RIG)
Finerman's Firm Owns (VOLC)
Finerman's Firm And Finerman Own (WFC) Preferred
Finerman's Firm Owns (CMP)

For Tim Seymour:
Seymour Owns (AAPL)
Seymour Owns (BAC)
Seygem Asset Management Owns (CZZ)
Seymour Owns (FXI)
Seymour Owns GE
Seymour Owns (INTC)
Seymour Owns (LVS)
Seymour Owns (MSFT)

GE Is The Parent Company Of CNBC

For Mark Mahaney:
A Citi Associate Owns (YHOO)
A Citi Associate And A Citi Research Assistant Own (GOOG)
Citigroup Global Markets Or Affiliates Owns 1% Or More Of (YHOO), (PCLN),
(NFLX), (AKAM)
Citigroup Global Markets Or Affiliate Received Non-Investment Banking Compensation From (GOOG), (AMZN), (YHOO), (EXPE) In Past 12 Months
(GOOG), (AMZN), (YHOO) Are Or In Past 12 Months Were Non-Investment
Banking Clients Of Citigroup Global Markets (Securities-Related Services)
(GOOG), (AMZN), (YHOO), (EXPE) Are Or In Past 12 Months Were Non-Investment Banking Clients Of Citigroup Global Markets (Non-Securities-Related)
Citigroup Global Markets Is A Market Maker In (GOOG), (AMZN), (YHOO), (EXPE), (PCLN), (NFLX), (AKAM)
Citigroup Global Markets And/Or Affiliates Has A Significant Financial Interest In Relation To (GOOG), (YHOO), (EXPE)
Citigroup Global Markets Or Affiliates Owns 2% Or More Of (YHOO)

For Robin Farley:
UBS AG & Affiliates Owned 1% Or More Of (WYNN) As Of End Of Last Month
(WYNN) Is Or In Past 12 Months Was An Investment Banking Client Of UBS
Securities LLC
UBS Securities LLC Received CompensationFrom (WYNN) In Past 12 Months


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