Here are the highlights of stocks discussed on CNBC’s Fast Money Halftime Report for Thursday, July 28th.
Cisco Systems, Inc. (NASDAQ:CSCO)
Goldman Sachs raised its 12-month price target by 34 percent to $21 and upgraded the company to "buy" from "neutral." The fast traders were split on their take.
Guy Adami stated:
“Cisco is still a little bit of a disaster. I think a $15 handle is left in this stock.”
Patty Edwards said:
“The stock isn’t cheap enough given all the issues they have.”
Steve Cortes was slightly more bullish even in the face of government austerity, saying:
“If Cisco holds $15 it looks interesting… if Cisco trades $15.50 then I’ll pull the trigger.”
Cisco designs, manufactures and sells IP-based networking and other products related to the communications and information technology industry worldwide. The company is trading significantly below analysts' estimates. CSCO has a median price target of $20 by 36 brokers and a high target of $28. The last up/downgrade activity was on May 12, 2011, when Robert W. Baird downgraded the company from Outperform to Neutral.
Amazon.com, Inc. (NASDAQ:AMZN)
Amazon inked a video streaming deal with NBC Universal on top of a deal with CBS last week. Amazon will have more than 8,000 movies and TV shows available this summer on its prime service.
Steve Cortes was bullish on the name stating:
“I would like to be long Amazon… just waiting for an opportunity to buy on a pullback.”
Amazon.com, Inc. operates as an online retailer in North America and internationally. The company is trading on par with analysts' estimates. AMZN has a median price target of $215 by 23 brokers and a high target of $270. The last up/downgrade activity was on July 6, 2011, when Collins Stewart initiated coverage on the company with a Neutral rating.
Akamai Technologies Inc. (NASDAQ:AKAM) - Down 19%
Guy Adami was bearish on the name, although he had some positive remarks, saying:
“This was a sick (great) stock for most of last year… but now we are pushing towards levels we haven’t seen for about a year and a half. I think the stock is at a compelling level, but with competition comes in and margins go down… I think you stay away for a couple more days.”
Akamai Technologies, Inc., provides services for accelerating and improving the delivery of content and applications over the Internet in the United States and internationally. The company is trading significantly below analysts' estimates. AKAM has a median price target of $43.50 by 18 brokers and a high target of $46. The last up/downgrade activity was on Mar 17, 2011, when Stifel Nicolaus upgraded the company from Hold to Buy.
LSI Corporation (NASDAQ:LSI) - Up 14%
Steve Grasso was bullish with a qualification and said:
“Just a couple of days ago it held its 200 day moving average which was right around $6.38… give it the three day rule… have it fester above $7 before you dabble.”
LSI Corporation designs, develops, and markets storage and networking semiconductors and storage systems worldwide. The company is trading on par with analysts' estimates. LSI has a median price target of $7 by 7 brokers and a high target of $9. The last up/downgrade activity was on Jan 12, 2011, when Deutsche Bank downgraded the company from Buy to Hold.
E.I. DuPont de Nemours & Co. (NYSE:DD) – Up 2%
Steve Cortes was bullish on the name stating:
“Yes, good report and good forward guidance. If you want to be involved in chemicals I think this is the one to own. It has really outperformed its peers over the last few weeks.”
Du Pont operates as a science and technology company worldwide. It operates in seven segments: Agriculture & Nutrition, Electronics & Communications, Performance Chemicals, Performance Coatings, Performance Materials, Safety & Protection, and Pharmaceuticals. The company is trading below analysts' estimates. Du Pont has a median price target of $62.50 by 12 brokers and a high target of $70. The last up/downgrade activity was on July 27, 2010, when BB&T Capital Markets upgraded the company from Hold to Buy.
Crocs Inc. (NASDAQ:CROX) – Up 14%
Patty Edwards was bearish on the name, saying:
“They came out with better than expected earnings. People are apparently buying plastic shoes for the comfort factor. Not a believer… but apparently the stock is working.”
Crocs, Inc. and its subsidiaries engage in the design, development, manufacture, marketing, and distribution of footwear, apparel, and accessories for men, women, and children. The company is trading below analysts' estimates. CROX has a median price target of $28.50 by six brokers and a high target of $30. The last up/downgrade activity was on May 10 when Standpoint Research downgraded the company from Buy to Hold.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.