It was anything but a
on Wall Street, with markets moving nowhere fast in desultory
trading action, but for David Karp, born the year The Bangles
released their best-selling song, Merger Monday was music to his
ears. Tumblr's 20-something boy wonder is
laughing all the way to the bank
after being bought by
) for $1.1 billion. "
" was his considered reaction to the deal, the
air being turned as blue as Marissa Mayer's
turned the air blue long ago
and his stock just surged 5.33% to the highest level in its
history, so maybe there is something to be said for swearing like a
drunken sailor. Elsewhere
Buffalo Wild Wings
) jumped 1.18% to a similar all-time best.
was clearly on to something.
No top-tier economic data due today, but expect earnings
announcements out of
Dick's Sporting Goods
(AET): Goldman Sachs starts the stock at a Buy.
(BIOS): BIOS is begun with a Buy at Jefferies.
(BZ): Longbow launches Buy-rated research on BZ.
(CRAY): Shares are initiated with a Buy at Sterne Agee.
(LNKD): The stock gets launched with a Buy at BGC Partners.
(PRXL): ISI Group gives the stock a Neutral rating.
): Jefferies resumes Buy-rated coverage on the Japanese consumer
electronics giant, whose shares have gained 48.41% over the past
(SUMR): The stock is picked up with an Overweight at Piper Jaffray.
Taylor Morrison Home
(TMHC): Shares are initiated with an Outperform and $31 price
objective at FBR Capital, which notes its Canadian brand Monarch
offers investors impressive diversification.
: Piper Jaffray assigns Overweights on
(MAT). It has a new Neutral on
(XWES): Citing the company's energy efficiency platforms, Northland
Capital rolls out Outperform-rated research with a price objective
Stock Upgrades: American Tower Stands Tall
Stock Downgrades: Carnival Set to Sink