Focus Media (FMCN) (SIFY) (SPRD) (Z) (SBSA) (HNSN) Top NASDAQ Losers

Focus Media (FMCN), Sify Technologies (SIFY), Spreadtrum (SPRD), Zillow (Z), Spanish Broadcasting (SBSA) and Hansen Medical, Inc. (HNSN) were the top losers on the NASDAQ on Monday, November 21.

Focus Media (FMCN) ended Monday down 39.49 percent, closing at $15.43. They traded in a range of $8.79 to $23.10. A total of 76,218,172 shares changed hands.

Sify Technologies (SIFY) ended Monday down 15.79 percent, closing at $4.00. They traded in a range of $4.00 to $4.60. A total of 1,152,481 shares changed hands.

Spreadtrum (SPRD) ended Monday down 13.08 percent, closing at $23.65. They traded in a range of $23.35 of $26.96. A total of 4,176,886 shares changed hands.

Zillow (Z) ended Monday down 13.05 percent, closing at $23.52. They traded in a range of $22.55 to $25.62. A total of 833,708 shares changed hands.

Spanish Broadcasting (SBSA) ended Monday down 12.96 percent, closing at $2.35. They traded in a range of $2.25 to $2.68. A total of 83,757 shares changed hands.

Hansen Medical, Inc. (HNSN) ended Monday down 12.94 percent, closing at $2.22. They traded in a range of $2.15 to $2.43. A total of 758,565 shares changed hands.

Saks (SKS) (ELN) (YSI) (FE) (FMCN) (FRT) Upgraded

Saks Inc (NYSE: SKS), Elan Corp. (NYSE: ELN), U-Store-It Trust (NYSE: YSI), FirstEnergy Corp. (NYSE: FE), Focus Media (NASDAQ: FMCN) and Federal Realty Investment Trust (NYSE: FRT) upgraded by analysts.

Saks Inc (NYSE: SKS) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating.

Elan Corp. (ELN) was upgraded by Credit Suisse (CS) from a “Neutral” rating to an “Outperform” rating.

U-Store-It Trust (YSI) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.

FirstEnergy Corp. (FE) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.

Focus Media (FMCN) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating.

Federal Realty Investment Trust (FRT) was upgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Outperform” rating.

Ratings on (DIS) (EQIX) (ETN) (FMCN) (GEL) Reiterated

Ratings on Walt Disney (NYSE: DIS), Equinix, Inc. (NASDAQ: EQIX), Eaton Corp. (NYSE: ETN), Focus Media (NASDAQ: FMCN) and Genesis Energy, L.P. (NYSE: GEL) were reiterated by analysts.

Wunderlich reiterated a “buy” rating on Walt Disney (DIS).

Goldman Sachs (NYSE:GS) reiterated a “neutral” rating on Equinix, Inc. (EQIX). They have a price target of $99.00 on the company.

Oppenheimer reiterated an “outperform” rating on Eaton Corp. (ETN).

Goldman Sachs reiterated a “buy” rating on Focus Media (FMCN). They have a price target of $43.00 on the company.

Wunderlich reiterated an “outperform” rating on Genesis Energy, L.P. (GEL). They have a price target of $32.00 on the company.

Chanos Long on (FMCN) (C) (NYX) (NDAQ) (RAX)

Jim Chanos has built his reputation on his short sales, but that has changed some, according to the latest filing of Kynikos Associates LP, which via its 13F form shows the company has taken long positions in a number of holdings, including Citigroup (NYSE:C) NYSE Euronext (NYSE:NYX), NASDAQ OMX (NASDAQ:NDAQ), Focus Media Holding Ltd (NASDAQ:FMCN) and Rackspace Hosting (NYSE:RAX).

This may be the first time Chanos's company has entered into long positions, suggesting a major shift in strategy and thinking.

It will bear watching over the months ahead to see if this is a long-term shift for the shorting legend.

There are numerous theories as to why Chanos has started going long, one of which is new investors may be pressing him to become more investment-neutral than in the past.

It'll be interesting to see if he offers up an explanation.