ajtj99's Market Pulse

[madrose1]

ConocoPhillips-COP initiated with a Buy and $72 target@UBSW
The firm believes that the sell-off from Burlington Resources-BR is overdonw and has created a buying opportunity.

05:48 EDT MRO Marathon Oil Corp-MRO initiated with a Neutral and $74 target@UBSW
The firm says that while MRO has an attractive growth outlook through 2008, shares are fully valued.

05:47 EDT ExxonMobil-XOM initiated with a Neutral and $67 target@UBSW
The firm believes that XOM is one of the best-run integrated oil companies, but will have less PSC exposure than its peers.

AMAT & VSEA downgraded to Hold from Buy, take profits@DBAB
The broker is raising estimates and price targets for AMAT & VSEA but believes shares are fairly valued given recent strength and recommends taking profits.

Is it time to cash in on technology stocks-Barron's
Bill Alpert points out in his Technology Trader column that technology stocks have begun the year at a "sprint" and it could be time for them to cool off. Apple Computer (AAPL) and SanDisk (SNDK) have taken off with Advanced Micro Devices (AMD) and Applied Materials (AMAT) seeing levels that they have not seen in years. Alpert believes that investors may want to "pause for a breather."