Tuesday, you did us terribly wrong in 1929,
but boy, talk about a turnaround. From
) - which jumped 6.86% - to Tuesday afternoon, when blue chips
closed at yet another record high, the week's second day was once
again a money making machine.
(^DJI) rose for an unprecedented 18th straight Tuesday as markets
(Monday's fears the Fed will gradually ease off its bond buying
binge) to Tepper (Appaloosa's main man unreservedly recommending
equities on CNBC.)
), which knows better than most that
, is back in favor after bouncing 2.39% to a fresh peak. This as a
bicycle-riding hedge fund heavy
for once opted to Walk, man and
On the earnings front,
Jack in the Box
(SKX) are all due to report results today.
: Piper Jaffray has an Overweight on
(HALO) and rates
(PDLI) a new Neutral.
(CIEN): CIEN is covered with an Overweight at Evercore.
(FXCM): Barclays has a fresh Overweight on the foreign currency
(INSM): Lazard launches Buy rated research on the biotech, sending
it surging 9.4% before the bell.
): The professional networking name is resumed with a Neutral at
Robert W. Baird, whose price objective is $190. Catalysts,
including high incremental margins and strong free cash flow
generation, are balanced out by a rich valuation that has seen
shares surge 66.88% in the past 12 months.
(MHFI): Evercore establishes the equity at Equal Weight.
(SWY): Goldman Sachs starts the supermarket giant at a Sell, citing
secular and cyclical issues surrounding the stock.
(UIL): The electric utility is assigned an Outperform with Wells
Universal Truckload Services
(UACL): KeyBanc Capital covers the company at a Buy.
(WILN): Stifel starts the stock at a Buy, assigning a $6 target
price, amid optimism over its high-margin licensing revenue growth
Stock Upgrades: Rising Tide at Old Navy Lifts
Stock Downgrades: Domino's Pizza Is Overdue for a