Equities experienced The Joy of Six - and
) - as
(^DJI) advanced for a sixth straight week amid a fresh bout of
merger mania that included the iconic retailer being bought for
(^IXIC), up 2.12%, outperformed all major indices, although
superstitious sorts will find it ominous that Swedish fashion firm
belatedly embraced the Internet age last week
. (It was the company's March 2000 opening of a Fifth Avenue
flagship that marked the very month stocks made a top.)
), up 11.9%, revisited the market's millennial madness. It unveiled
a new feature
showing what you were posting on its pages one year
, but for the company itself, nostalgia clearly ain't what it used
to be. Shares, barely $20 in August 2012, suddenly find themselves
flirting with $40. And
The New York Times
) espied a
glimmer of economic revival in Greece
. Although, having just
sold one of its flagship properties at a 93%
, it may not be the best place to comment on financial matters
around the globe.
Today in economics, analysts expect an uptick in July's Institute
for Supply Management non-manufacturing index at 10:00 a.m.
Eastern. On the earnings front,
(VNO) are all due to release results.
Canadian Solar Inc.
(CSIQ): Roth Capital covers the alternative energy company at a
Level 3 Communications
(LVLT): LVLT is launched with a Neutral at Macquarie.
(NYLD): UBS has a new Neutral on NYLD.
(PNR): JPMorgan picks up the industrial outfit at Overweight.
(PRFT): Shares are a new Buy at Needham, whose target price is $20.
Catalysts include an improvement in spending on Information
Technology services and better organic growth trends.
Stock Upgrades: Steven Madden, Ltd. Gets Out of
Stock Downgrades: Brinker International, Inc. Gets a Chili