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Notable Stock Picks [Thursday April 14 2011]

|Includes: Check Point Software Technologies Ltd. (CHKP), GOOG, HAS, IGTE, PGR
1. Check Point Software Technologies Ltd. (Nasdaq: CHKP)
 
Years founded: 1993
Estimated number of employees: 2,200
 
CHKP provides IT security solutions globally (mostly firewall and VPN products). It markets and supports software and hardware with their network security, endpoint security, data security, and security management.
 
Competitors:
1. Cisco Systems, Inc. (Nasdaq: CSCO)
2. Fortinet, Inc. (Nasdaq: FINT)
3. Juniper Networks, Inc. (NYSE: JNPR)
 
Ratings:
Zacks: 3 (hold)
Yahoo Finance Analyst Opinion: 2.2 (Strong buy 1.0 – 5.0 Sell)
 
Price Targets:
Mean Target:
52.61
Median Target:
52.00
High Target:
60.00
Low Target:
47.00
No. of Brokers:
18
 
Upgrades and Downgrades:
Date
Research Firm
Action
From
To
Jan 6, 2011
Macquarie
Downgrade
Outperform
Neutral
Dec 17, 2010
Wunderlich
Initiated
Hold
Oct 27, 2010
HSBC Securities
Upgrade
Neutral
Overweight
Oct 7, 2010
UBS
Initiated
Buy
Aug 20, 2010
Standpoint Research
Downgrade
Buy
Hold
Apr 26, 2010
FBR Capital
Upgrade
Mkt Perform
Outperform
Feb 17, 2010
Citigroup
Initiated
Buy
Jan 29, 2010
Stifel Nicolaus
Downgrade
Buy
Hold
Oct 2, 2009
Bernstein
Initiated
Outperform
Sep 18, 2009
William Blair
Initiated
Mkt Perform
 
Chart:
From Prophet Chart (CHKP)
 
This is a 5-year chart for CHKP. Consolidation and accumulation, the stock breaks at 25 and rises ever since. Right now, at almost 52, it is too high to buy. You should wait until it falls to around 43 and long this stock. You want to get into this uptrend.
 
CHKP website: www.checkpoint.com
 
 
2. Google Inc. (Nasdaq: GOOG)
 
Years founded: 1998
Estimated number of employees: 24,400
 
GOOG is a multinational public corporation known for its Internet search, cloud computing, and other advertising technologies. Google.com is the most visited website. Its products and services include Android OS development, YouTube, Blogger, etc.
 
Competitors:
1. AOL Inc. (NYSE: AOL)
2. Yahoo! Inc. (Nasdaq: YHOO)
3. Baidu, Inc. (Nasdaq: BIDU)
 
Rankings:
Zacks: 3 (hold)
Yahoo Finance Analyst Opinion: 1.8 (Strong buy 1.0 – 5.0 Sell)
 
Price Targets:
Mean Target:
724.09
Median Target:
750.00
High Target:
800.00
Low Target:
519.00
No. of Brokers:
31
 
Upgrades and Downgrades:
Date
Research Firm
Action
From
To
Jan 19, 2011
ISI Group
Initiated
Hold
Jan 5, 2011
Canaccord Genuity
Initiated
Buy
Dec 13, 2010
Wedbush
Upgrade
Neutral
Outperform
Oct 15, 2010
Caris & Company
Upgrade
Average
Buy
Oct 12, 2010
Wedbush
Upgrade
Underperform
Neutral
Aug 17, 2010
Wedbush
Initiated
Underperform
May 21, 2010
MKM Partners
Upgrade
Neutral
Buy
May 14, 2010
Caris & Company
Initiated
Average
Feb 25, 2010
MKM Partners
Initiated
Neutral
Jan 22, 2010
Collins Stewart
Downgrade
Buy
Hold
 
Chart:
From Prophet Chart (GOOG)
 
This is a 5-year chart. It is still in the uptrend channel. If it breaks below 550, then sell it. If it breaks above 600, then buy it and hold until above 700.
 
GOOG website: www.google.com
 
 
3. Hasbro Inc. (Nasdaq: HAS)
 
Years founded: 1923
Estimated number of employees: 5,800
 
HAS is a leader in children’s and family entertainment products and services. It designs, manufactures, and markets the games and toys globally.
 
Competitors:
1. JAKKS Pacific, Inc. (Nasdaq: JAKK)
2. Mattel, Inc. (Nasdaq: MAT)
 
Rankings:
Zacks: 3 (hold)
Yahoo Finance Analyst Opinion: 2.1 (Strong buy 1.0 – 5.0 Sell)
 
Price Targets:
Mean Target:
51.14
Median Target:
54.00
High Target:
59.00
Low Target:
40.00
No. of Brokers:
14
 
Upgrades and Downgrades:
Date
Research Firm
Action
From
To
Dec 15, 2010
MKM Partners
Initiated
Buy
Mar 15, 2010
Needham
Downgrade
Strong Buy
Buy
Jan 8, 2010
Wedbush Morgan
Upgrade
Neutral
Outperform
Dec 21, 2009
BMO Capital Markets
Upgrade
Underperform
Market Perform
Nov 9, 2009
Stifel Nicolaus
Upgrade
Hold
Buy
Jun 16, 2009
KeyBanc Capital Mkts
Initiated
Buy
May 22, 2009
Morgan Joseph
Upgrade
Hold
Buy
Apr 21, 2009
Morgan Joseph
Downgrade
Buy
Hold
Feb 19, 2009
Morgan Joseph
Initiated
Buy
Dec 22, 2008
JP Morgan
Initiated
Neutral
 
Chart:
From Prophet Chart (HAS)
 
This is a 5-year chart. It is still within the channel. I would buy at 39. The lowest it can get is 32. The highest it can get is around 52.
 
HAS website: www.hasbro.com
 
 
4. iGATE Corporation (Nasdaq: IGTE)
 
Years founded: 1996
Estimated number of employees: 8,338
 
IGTE is an information technology firm that specializes in business data processing. It offers various Information Technology solutions to businesses.
 
Competitors:
1. Infosys Technologies Limited (Nasdaq: INFY)
 
Rankings:
Zacks: 4 (sell)
Yahoo Finance Analyst Opinion: 2.0 (Strong buy 1.0 – 5.0 sell)
 
Price Targets:
Mean Target:
22.75
Median Target:
23.00
High Target:
25.00
Low Target:
20.00
No. of Brokers:
4
 
Upgrades and Downgrades:
te
Research Firm
Action
From
To
Apr 13, 2011
Kaufman Bros
Initiated
Buy
Dec 21, 2010
Oppenheimer
Initiated
Outperform
May 3, 2010
Jefferies
Initiated
Buy
Jan 28, 2010
Global Hunter Securities
Initiated
Buy
Jul 22, 2009
Needham
Upgrade
Hold
Buy
Oct 13, 2008
Roth Capital
Upgrade
Hold
Buy
Sep 10, 2008
Roth Capital
Downgrade
Buy
Hold
Aug 12, 2008
Needham
Downgrade
Buy
Hold
Nov 20, 2007
Roth Capital
Upgrade
Hold
Buy
Oct 25, 2007
Roth Capital
Downgrade
Buy
Hold
 
Chart:
From Prophet Chart (IGTE)
 
This is a 2-year chart. It breaks the uptrend channel at 20. It drops back to 15 and rallies up now. I might consider buy this again at 15 if there is a chance later on. If it breaks 20, it can go up to 25 or above.
 
IGTE website: www.igate.com
 
 
5. Progressive Corporation (NYSE: PGR)
 
Years founded: 1937
Estimated number of employees: 24,638
 
PGR provides auto insurance and other specialty property-casualty insurance in the United States.
 
Competitors:
1. Allstate Corporation (NYSE: ALL)
 
Rankings:
Zacks: 3 (hold)
Yahoo Finance Analyst Opinion: 2.3 (Strong buy 1.0 – 5.0 Sell)
 
Price Targets:
Mean Target:
22.82
Median Target:
23.00
High Target:
26.00
Low Target:
20.00
No. of Brokers:
17
 
Upgrades and Downgrades:
Date
Research Firm
Action
From
To
Oct 13, 2010
RBC Capital Mkts
Initiated
Outperform
Apr 15, 2010
Credit Suisse
Upgrade
Underperform
Neutral
Mar 29, 2010
Oppenheimer
Upgrade
Underperform
Perform
Mar 26, 2010
FBR Capital
Upgrade
Mkt Perform
Outperform
Mar 26, 2010
JP Morgan
Upgrade
Underweight
Neutral
Mar 25, 2010
Janney Mntgmy Scott
Upgrade
Neutral
Buy
Mar 9, 2010
Citigroup
Initiated
Hold
Jun 22, 2009
FBR Capital
Downgrade
Outperform
Mkt Perform
Apr 16, 2009
Argus
Upgrade
Hold
Buy
Mar 27, 2009
Piper Jaffray
Initiated
Neutral
 
Chart:
From Prophet Chart (PGR)
 
This is the 10-year chart. Honestly, right now, it is very good to buy this stock. It can go up to 25. BUY NOW!