Buy - Price 6.57 on May 18 by Merriman Curhan Ford Demand for IMAX movie releases continues to strengthen. Through this past weekend, the IMAX version of "Star Trek" has generated an estimated $17.4 million, or about 11.8%, of the movie's total domestic box office. The key point is that this penetration of the movie's overall domestic box office represents an improvement from the 10.7% generated over the opening weekend -- demonstrating, in our opinion, strengthening demand for the IMAX version as 1) consumers faced sold-out shows in the opening weekend/week and 2) word of mouth of the IMAX version compared with the traditional 35mm version grew since its release... With two IMAX movie releases remaining in the second quarter, we estimate IMAX could generate between $68 and $74 million in total IMAX box office during the quarter, versus our modeled assumption of $58.9 million... We also project IMAX has no need for any additional capital to complete its installation plans before turning free-cash-flow-positive around mid-fiscal 2010. Applying a seven to eight-times multiple to our FY10 Ebitda [earnings before interest, taxes, depreciation and amortization] estimate of $70.4 million yields appreciation potential for IMAX shares to $7.75-$9.50. Market cap: $313 million.

Buy - Price 38.04 on May 18 by Jefferies & Co. McAfee hosted their annual investor event in New York City. Key Points: McAfee's goal is to become the largest dedicated security provider, a spot currently held by Symantec. By our estimates, McAfee is within a year of overtaking Symantec, although Symantec is likely to keep its large consumer lead for several more years... New consumer-focused family protection and backup products are coming. Family protection will be offered standalone in June, while the backup product (via a partnership with EMC) will be offered standalone by September, and as part of a suite in late 4Q/early 1Q. It will be priced at $50 to $60 per annum... Our $45 price target is 15 times estimated 2010 free cash flow/share of $2.66 plus $5.13, at the high end of the 10- to 15-times range for the security group. We believe the premium is warranted by high growth and market-share gains. Market cap: $5.9 billion.

Hold - Price 4.89 on May 21 by Jesup & Lamont We are maintaining our Hold rating on the common shares of Jet Blue. The company issued updated guidance for the second quarter to discuss the impact of the H1N1 flu on its business. Mexico represents less than 2% of the company's capacity, as it is [confined to] just one route, to Cancún, but the entire impact is having a disproportionate affect on the business. Some of the problem is that the H1N1 flu seems to be fairly widespread in New York [Jet Blue's home base] and, as a result, has impacted the company's business more than it has some other airlines' business. We are reducing our second-quarter and full-year earnings-per-share estimate to reflect the weaker-than-expected second-quarter revenues. We are estimating second-quarter EPS of two cents, down from our prior estimate of 10 cents and compared with a loss of three cents last year. Market cap: $1.3 billion.

Moderate Outperform - Price 49.90 on May 19 by First Global Wal-Mart delivered a decent performance in the first quarter of fiscal 2010, with the reported EPS coming in at the higher end of management's guidance, as well as ahead of our estimate. However, the company's net sales declined in the quarter due to a fall in revenue of the international business segment, which was adversely impacted by fluctuations in foreign-currency rates and a decline in Sam's Club sales on account of a fall in fuel prices. Nevertheless, WMT outperformed the competition in every market that it operates in, as the company's top line grew at a faster pace than the market despite the strengthening U.S. dollar and ongoing recession.... We believe Wal-Mart's Every Day Low Price (EDLP) strategy will continue to attract cash-strapped consumers hunting for value...We expect the company's gross margin to improve on the back of better inventory management and a higher-margin product mix, though its operating margin will come under pressure on account of increased spending on transformation projects and other technology-enhanced initiatives...We reiterate our rating of Moderate Outperform. Market cap: $192.3 billion.