Free Stock Picks

This morning, Ernst raised his price target for Apple (AAPL) to $500, from $300, while repeating his Buy rating. That’s the highest target for the stock among Street analysts tracked by Thomson First Call.

“With the launch of the iPhone, the App Store, the iPad, and the relaunch of Apple TV, we estimate Apple’s total addressable market for hardware, content, and services expanded from roughly $400 billion to $1.5 trillion,” he writes in a research note this morning.

Popularity: 6% [?]

Apple: Kaufman Bros. equity analyst Shaw Wu maintained a buy rating and $350 price target on shares of Apple(AAPL) on Sept. 2.

On Sept. 1, Apple, building on its dominance in the music industry, unveiled new iPod media players, added social-networking features to its iTunes software and introduced a service that lets users rent shows and movies.

The company revamped its Apple TV set-top box to offer high-definition TV-program rentals for 99¢, Chief Executive Steve Jobs said at an event in San Francisco. The $99 device also will deliver first-run movie rentals for $4.99 and work with Netflix’s (NFLX) online service.

Popularity: 6% [?]

NetEase.com, Inc. (ADR) (NASDAQ:NTES) shares rose 8.71% to $39.68 after the stock was upgraded by Roth Capital from Hold to Buy and raised the price target by from $11 to $46.

Popularity: 6% [?]

Corning Incorporated (NYSE: GLW) is a stock that Patty Edwards recommends as a buy, and she also likes Philip Morris International Inc. (NYSE: PM [FREE Stock Trend Analysis]).

Corning (GLW) is trading at 8 times earnings, and its Gorilla glass product is a phenomenal product. The sales from this product could reach $1 billion. Patty Edwards thinks that there is more room on the upside in GLW.

Philip Morris International Inc. (NYSE: PM) is totally international, and it has a 5% yield. Consumers in Europe will continue to smoke PM’s cigarettes.

Popularity: 40% [?]

Camarillo, Calif.’s Power-One (PWER, makes products that convert direct current electricity from solar panels and wind turbines to the alternating current needed to feed the power grid. The company was expected to report earnings of a penny a share for the March quarter but delivered 4 cents. Revenue grew 56% for the quarter to $152 million. Shares trade for 19 times the 45-cent estimate for earnings over the next 12 months.

Popularity: 8% [?]

Advance Auto Parts, Inc. (AAP) recently hit a new multi-year high after reporting a solid 19% earnings surprise in mid May. Estimates have since been on the rise, helping to keep the valuation picture in check with a discounted forward P/E of 13.6X.

Popularity: 34% [?]

American icon motorcycle manufacturer Harley-Davidson (NYSE: HOG) shares roared Tuesday, rising more than 8.5% after the company announced stronger-than-expected earnings results for the first-quarter.
Milwaukee-based Harley-Davidson, Inc. reported earnings of $33.3 million, or 14 cents a share, down from $117.3 million, or 50 cents a share, in the year-ago period.
Net revenue dropped to $1.04 billion from $1.28 billion as motorcycle sales continued falling.

Popularity: 21% [?]

Bed Bath and Beyond (NASDAQ: BBBY) said Wednesday night (post-close) that fourth-quarter earnings rose 56% year over year to 86 cents per share, easily trumping analysts’ expectations of 73 cents. Revenue rose 16.7% from last year, also exceeding what Wall Street was hoping for. Finally, same-store sales grew 11.5% in the period, versus a 4.3% decline last year at this time. Looking forward, BBBY officials said they expect earnings to grow 10%-15% in fiscal year 2011. So it is clear that the American consumer is continuing to spend (at least on towels, kitchen supplies, and candles).

Popularity: 18% [?]

Advanced Micro Devices Inc.: UBS Securities equity analyst Uche Orji reiterated a buy rating on shares of Advanced Micro Devices Inc. (AMD) on Apr. 7. He also raised a 12-month price target on shares of the maker of personal-computer processors to $13 from $12.

Popularity: 21% [?]

Corning (GLW): She upgrades to Buy from Hold, with a new target of $23, up from $18, asserting that the LCD cycle likely bottomed in Q4. She sees upside to Street EPS, and expected multiple expansion.

Popularity: 7% [?]

FedEx Corp. shares rose in pre-market trades Tuesday after the delivery giant raised its outlook for second-quarter earnings on increased demand for its international services as well as its cost-cutting efforts.

FedEx (FDX 89.59, +2.07, +2.37%) boosted its profit target to $1.10 a share from its previous estimate of 65 cents to 95 cents a share. The Memphis, Tenn.-based company earned $1.58 a share in the same quarter a year ago.

Popularity: 15% [?]

Apple (AAPL Quote) initiated at Calyon Securities with a Buy rating and $260 price target. Analysts mentioned the much-anticipated potential launch of a tablet product in 2010, and further market share gains for iPhone, esp in China.

Popularity: 13% [?]

Amazon has been upgraded to outperform. This is one to watch AMZN

Popularity: 6% [?]

Oracle Corp. (ORCL) shares jumped Wednesday morning after the software giant beat Wall Street’s estimates for its fourth fiscal quarter and issued a better-than-expected forecast for the current period.

Popularity: 6% [?]

The Food and Drug Administration said Wednesday that it has approved a prescription-only generic version of the contraceptive Plan B, for women aged 17 and under. Plan B, which is marketed by a subsidiary of Teva Pharmaceutical Industries , is already approved for presciption use by females of all ages, and for over-the-counter use by women aged 18 and older. TEVA

Popularity: 7% [?]

Preliminary results from the four-year study of 1,820 people were announced Tuesday by Boston Scientific Corp., which makes the $30,000 devices known as cardiac resynchronization therapy defibrillators, or CRT-Ds, and sponsored the $38 million study. The results could lead to broadened Food and Drug Administration approval for the devices and could expand the $6.2 billion market for implanted defibrillators, which have fallen well below the optimistic projections that fueled Boston Scientific’s $28.4 billion purchase of Guidant Corp. Stock Picks report Boston Scientific.

Popularity: 10% [?]

La-Z-Boy Inc. The maker of living-room recliners posted earnings excluding some items of 7 cents a share in the fourth quarter. Raymond James Financial Inc. expected the company to report a loss. Stock Picks report for La-Z-Boy

Popularity: 6% [?]

Sprint has an interesting chart that is setting up to continue its upward move. The Palm Pre has sold out and demand is high which bodes well for Sprint. Keep and eye on Sprint. Stock Picks report for Sprint

Popularity: 6% [?]

Palm shares jump on the naming of new CEO. Palm chairman Jon Rubinstein, a former Apple executive, will become Palm’s CEO. New management and new product, the Pre – William Oneill would like this news. Shares are up and this is a stock that may move up quickly. Stock Picks Report for Palm

Popularity: 6% [?]

Radio Shack is breaking into new territory and may have room to run.Stock Report Radio Shack

Popularity: 6% [?]

With gas prices on the rise – alternative fuel stocks are hot. Hydrogenics Corporation (Hydrogenics) designs, develops and manufactures hydrogen generation products based on water electrolysis technology and fuel cell products based on proton exchange membrane (PEM) technology. Stock Report Hydorgenics

Popularity: 9% [?]

ChinaCast Education Corporation (CEC) is an e-learning and training services provider in the Peoples Republic of China. The Company provides e-learning education services via its nationwide satellite broadband network and traditional bricks and mortar schools to post-secondary educational institutions, K-12 schools, government agencies and corporate enterprises. Stock has run for a while but may have some more run left.Stock Report China Cast Education

Popularity: 14% [?]