FedEx is downgraded to 'underperform,' and UPS is upgraded to 'outperform.'
Bristol-Myers is downgraded to 'neutral,' and Gap is initiated with an 'underperform.'
Ford is downgraded to 'equal weight,' and Saks is initiated with a 'buy.'
Clearwire is downgraded to 'neutral,' and Halliburton is initiated with an 'outperform.'
General Electric initiated with a 'buy,' and OpenTable initiated with an 'outperform.'
In the second quarter, the portfolio manager bought shares of these companies.
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