Today’s upgrades are presented by various analysts for SanDisk Corporation (NASDAQ:SNDK), Arch Coal, Inc. (NYSE:ACI) and Marsh & McLennan Companies, Inc. (NYSE:MMC). Read on for more information and stock price discussion.
Both SanDisk (NASDAQ:SNDK) and iRobot Corp. (NASDAQ:IRBT) were thrown under the bus this morning after disappointing investors with Q2 earnings yet still managing to beat the Street and hold steady going forward in 2009. iRobot shares got down to $11.01 before jumping back to $11.60 and SanDisk hit $16.21 before recovering to $16.66, so are traders expecting too much on such an upbeat day? This may be an opportunity for what the Masters call -- IN-N-OUT INVESTING.
Terrible day for SanDisk (NASDAQ:SNDK) shareholders after the company posted a loss of $155 million in Q3 2008 on a drop in revenue as excess inventory forced it to cut prices. Shares are now in the $10 range.