Stocks are surging after the Federal Reserve lowered the discount rate by 50
basis points and injected more cash into the banking system to help ease the
credit crisis.
Today's Upgrades:
Three stocks was upgraded to PowerRatings (for Investors) of 9. The top
rated stocks have historically done a superior job of identifying stocks which
have risen in value over the next 12 months. Among today's list of upgrades is:
Motorola (MOT | Quote | Chart | News | PowerRating) has a PowerRating (for Investors) of 9, upgraded from
8. The company builds, markets and sells products, services and applications
that make simple and seamless connections to people, information and
entertainment possible through broadband, embedded systems and wireless
networks.
Click here for all of today's
upgrades.
Today's Downgrades:
Four stocks were
downgraded to an unattractive PowerRating (for Investors) today. Stocks with low
PowerRatings (for Investors) have tended to underperform the market over the
next 12 months. Among today's list of downgrades is:
Thornburg Mortgage (TMA | Quote | Chart | News | PowerRating) was downgraded to 2, from 3. The company
is a single-family residential mortgage lender that originates, acquires and
retains investments in ARM Assets, thereby providing capital to the
single-family residential housing market.
The company, which has been suffering from the housing and credit market
problems, recently rescheduled its dividend payment date.
Click here for all of
today's downgrades.
