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22:49 EDTEXC
theflyonthewall.com: Exelon offers cheap valuation, fat dividend and a 'green' play, Barron's reports
Down 17% since the start of 2009, Exelon (EXC) has been one of the worst-performing Standard & Poor's 500 utility stocks this year. A failed bid for NRG Energy (NRG), falling profits and waning hopes for climate-change legislation in the near future are to blame. But with Exelon's stock trading at just over 12 times earnings, a hefty 4.4% dividend yield, and one of the nation's largest fleet of nuclear power plants, investors have little to lose. In fact, the shares could return 20% or better in the next year if weak power prices improve, falling electricity demand rebounds or the much talked about potential profit from legislation that reduces greenhouse gas emissions through a "cap-and-trade" system, its it hits President Obama's desk. Washington, however, remains focused on health-care reform. And Senate Democratic leaders have tabled debate on climate-change until the spring. Midterm congressional elections in 2010 could push the matter off another year. Still, Hugh Wynne, an analyst with Sanford C. Bernstein, sees a 40% probability that legislation gets passed by 2012. Reference Link :theflyonthewall.com



News For EXC From The Last 14 Days
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February 8, 2010
16:09 EDTEXC
theflyonthewall.com: Exelon files automatic mixed securities shelf

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05:58 EDTEXC
theflyonthewall.com: Exelon freezes executive salaries, Crain's reports

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February 5, 2010
09:00 EDTEXC
theflyonthewall.com: On The Fly: Analysts Downgrade Summary
MOST NOTEWORTHY: Exelon (EXC), Argon ST (STST) and Leap Wireless (LEAP) were today's noteworthy downgrades: Bernstein downgraded Exelon to Market Perform from Outperform citing margin and cash flow erosion. The firm cut its target to $45 from $55. Oppenheimer downgraded Argon ST to Perform from Outperform on valuation as it believes a take-out premium is already priced into the stock. JP Morgan downgraded Leap Wireless to Underweight from Neutral. The firm believes company sale would be challenging given its weakening fundamentals and valuation and has a $10 price target on shares...OTHER DOWNGRADES: Nordstrom (JWN) was downgraded to Neutral from Buy at Goldman. Phase Forward (PFWD) was downgraded to Hold from Buy at Needham. Meritage Homes (MTH) was downgraded to Hold from Buy at Citigroup. :theflyonthewall.com
07:26 EDTEXC
theflyonthewall.com: Exelon downgraded to Market Perform from Outperform at Bernstein
Bernstein downgraded Exelon citing margin and cash flow erosion. Target to $45 from $55. :theflyonthewall.com

January 28, 2010
21:16 EDTEXC
theflyonthewall.com: Jim Cramer's "Mad Money"
Jim Cramer said, he really "doesnt like this market", as the sellers have become too powerful, and this is shaping up to be a dip that cannot be bought. By all accounts, this market should be heading higher, Cramer told viewers. He cited countless company profits that beat expectations handedly, such as: Procter & Gamble (PG), Boeing (BA) or even Apple (AAPL). He said the big money managers have gotten fearful of of President Obama's anti-shareholder stance and fearful of a slowdown in China, and they're using any excuse they can to sell. Thursday's reason seemed to be problems in the Greek bond market. Cramer said, there may be no choice but to get more defensive and wait for the selling to come to an end. Next, Cramer spoke with Roy Vallee, chairman and CEO of Avnet (AVT). Vallee painted a rosy picture for his industry, saying that technology is leading the U.S. recovery. He said that after a year of pent up demand, companies are beginning to spend again, leading to double-digit growth at Avnet. Also contributing to the demand is Cramer's Mobile Internet Tsunami, which Vallee confirmed is alive and well with hundreds of new devices being built. Vallee also cited Avnet's new deal with Cisco (CSCO) as another catalyst for the company. Cramer called Avnet a buy, buy, buy. Then, Cramer spoke with Tom Farrell,chairman, president and CEO of Dominion Resources (D), a utility that recently beat earnings and boosted its dividend. Farrell said that construction on the company's new coal fired power plant in Virginia began 18 months ago, and will be generating 600 megawatts by 2011. Farrell said that Dominion is fortunate to serve Virginia, where the unemployment is less than the national average and where there are strong government and military operations that help stabilize demand. The company is leasing its 450,000 acres of its Marcellus shale assets and using the proceeds to build out in other areas. Cramer said Dominion remains his favorite utility and the company represents a good yield for uncertain times. Cramer interviewed Robert Gross, chairman and CEO of Monro Muffler Brake (MNRO), a company with no exposure to China and President Obama's political agenda. Gross was bullish on his business, thanks in part to the collapse of General Motor's (GM, GMGMQ) and Chrysler's dealer networks and the fact that people are holding onto their cars longer. Cramer remained bullish on Monroe, despite the fact its shares are up 62% since his first recommendation on Aug. 8, 2008. He said Monro still has many years of solid growth ahead of it. LIGHTNING ROUND: (Bullish) AKAM; EXC; DE; F. (Bearish) JOYG; QCOM. Reference Link :theflyonthewall.com

January 26, 2010
08:31 EDTEXC
theflyonthewall.com: Exelon initiated with a Neutral at SunTrust

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