Your Benzinga Update 5/3: Top Downgrades, Coinstar Climbing, Volume Movers

Benzinga’s Daily Highlights Click here to read the top stories on Benzinga.com McDonald’s and Heinz: A Fast Food Dividend Match (MCD, HNZ) 05/03/2010 - 11:50 Investors looking for some safe dividend stocks for their portfolio, should take a look at the fast food combo of McDonalds (NYSE: MCD) and Heinz (NYSE: HNZ). Both companies are expanding internationally and have the “goods” to strengthen a portfolio for years to come. Click here to read more... Berkshire After Buffett (BRK.A) 05/03/2010 - 07:18 Berkshire Hathaway (NYSE:BRK.A) held its annual meeting in Omaha this weekend. According to Reuters, several of Berkshire’s investors are concerned about Buffett’s age and the company after his retirement. Click here to read more... Coinstar Climbing On Heavy Volume (CSTR) 05/03/2010 - 14:48 Coinstar (NASDAQ: CSTR) reported better than expected earnings last Friday morning and the stock gapped considerably higher. That momentum is continuing into Monday's trading session, as CSTR shares are one of the leaders on the Nasdaq exchange today, jumping 6.75% higher to $47.35. Click here to read more... Afternoon Market Update Spirit Airlines (NYSE: SPR), Delta Air Lines (NYSE: DAL), UAL Corp (NASDAQ: UAUA), Continental Airlines Inc (NYSE: CAL), General Motors 05/03/2010 - 14:22 The US Bureau of Transportation Statistics reported today that Spirit Airlines (NYSE: SPR) generated 21% of its Q4 operating revenues from the extra fees, including reservation changes and checked-on baggage, it charged customers. Click here to read more... Benzinga’s Top Downgrades (CTCT , RIG, CW, BP, PHH) 05/03/2010 - 09:09 Constant Contact Inc (NASDAQ: CTCT) was downgraded by Dougherty & Company from “neutral” to “sell.” CTCT closed at $25.55 on Friday. CTCT has a 52-week trading range of $14.70-$26.50. Read more about this company here. Click here to read more... Benzinga’s Volume Movers (SVVS, CSTR, IDSA, SHOO, IRBT) 05/03/2010 - 14:33 SAVVIS Inc (NASDAQ: SVVS) shares jumped 11.77% to $19.65. The volume of SVVS shares traded was 431% higher than normal. SVVS posted a Q1 loss of $11.3 million. Read more about this company here. Click here to read more... Citi Reiterates Buy Rating On Coca-Cola (KO) 05/03/2010 - 12:56 Citigroup (NYSE: C) analysts have reiterated their Buy recommendation on shares of Coca-Cola (NYSE: KO) after reviewing the company's latest 10-Q filing. They said that the stock is low risk and that the company is a long term growth story. The firm has a price target of $62 on KO shares. Click here to read more... United (UAUA) And Continental (CAL) To Merge In All-Stock $3.15 Billion Deal 05/03/2010 - 10:28 On Monday, Continental Airlines (NYSE: CAL) and UAL Corp. (NASDAQ: UAUA), the parent of United Airlines, announced that they will be merging their operations in an all-stock deal. This merger will create the world’s No. 1 airlines with combined revenue of $29 billion. Click here to read more... U.S. Steel Selloff Continues (X) 05/03/2010 - 10:16 Shares of U.S. Steel (NYSE: X) are showing weakness once again this morning as they slip to a fresh one-month low. Shares are down $1.90, or 3.48%, to $52.76. Click here to read more... Good Reasons To Remain Bullish On The Gold Price 05/03/2010 - 13:13 Has rallied more than 10% since February Gold bullion is at a new high for the year, and has rallied more than 10% since February. Yet it has not attracted the excitement among investors and the media that these rallies usually generate. That may be an indication it has further to go on the upside, since excessive excitement about a gold rally is usually seen before its rally ends. Click here to read more... Today's Trading Ideas Top Narrow Based Indexes For May 3 (KIRK, PHHM, ITMN) Where Does Oil Go From Here? Midday Reversal in BP Volatility Sold in XLB Benzinga’s Volume Movers (SVVS, CSTR, IDSA, SHOO, IRBT) Puts Favored in Freeport Cash Starved States Look to Add Gambling to Their Coffers Silver Looks Golden Johnson & Johnson Has Rosy Future Ahead; Barron’s (JNJ) Ford Motors (F) Quoting Well Above Its 50 Day MA Support Level of $12.97 Most Popular Gold & SP500 Day Trading Gone Wild & What’s Next? Benzinga’s Top Downgrades (CTCT , RIG, CW, BP, PHH) Benzinga’s Top Pre-Market Losers (ISIS, OMNI, NLST, ATPG, TRMA) Focus on firms with real earnings Benzinga’s Top Pre-Market Gainers (POZN, BPOP, BPAX, AIXG, ACLS) WHAT’S ON TAP? Updated Position Sheet Need Extra Cash? Find Advice Here Past Month's Best & Worst Industries McDonald’s and Heinz: A Fast Food Dividend Match (MCD, HNZ) VIDEO - Fundamental & Technical Analysis of the S&P 500's Daily & Weekly Charts: Trade Setups for May 3, 2010 Join Benzinga now to get the best stock ideas! About Us | Privacy Policy | Contact | RSS | Write for us | Badges Benzinga is a news network that provides market moving financial news and opinions to traders and investors. It features opinions from experts in industry while also covering the overall news of the day. Copyright ©2009 Benzinga.com