111-year-old wooden escalator
might seem a slightly archaic way of moving equities to all-time
highs, but yesterday it did just fine for
). Its stock surged 9.39% to top all
(INDEXSP:.INX) issues on a day that both the index and
(INDEXDJX:.DJI) each reached fresh peaks. (US markets were also
carried skyward on the wings of a dove
.) With stocks heading north in a hurry, Canada's own
) advanced 3.03% on a
. Its Vancouver-born CEO Chip Wilson remains incredibly
controversial, however, and - unlike countryman Rob Ford - can't
being drunk and on crack
increasingly inane comments
) stock rose 4.52% amid news it
tried to buy Snapchat, so beloved of furtive
post-menopausal German politicians petrified about
, although in Angela Merkel's case "POS" refers to "Potential Obama
Snooping" as opposed to "Parent Over Shoulder".) Elsewhere,
Gisele Bundchen continues to out-earn her
, but it must now be a mighty close-run thing. This as a
Banco do Brasil
(OTCMKTS:BDORY) down 0.85% on a day Tom Brady's Ugg boots kicked
into high gear, with
) jumping another 5.49% to a new best.
In terms of events that may move US markets this morning, the
confirmation hearing for Janet Yellen to head the Fed commences at
10:00 a.m. Eastern. Regarding specific stocks, expect earnings
announcements out of
Helmerich & Payne
(BFAM): Wells Fargo starts the starts the stock at Outperform.
(BURL): Burlington Stores, owner of the eponymous Coat Factory, is
begun with an upbeat Outperform at BMO Capital, whose price
objective is $33. Bank of America-Merrill Lynch assigns an equally
bullish Buy on Burlington Stores, a recent initial public offering.
Echo Global Logistics
(ECHO): Cowen covers the company with an Outperform. Its target
price is $23 on a stock it says may benefit from acquisition
activity among transportation brokers.
(ESNT): The mortgage investment outfit is an Outperform at JMP
Securities, whose objective is $25.
Heritage Oaks Bancorp
(HEOP): Keefe Bruyette has an Outperform, and $9 target, on HEOP.
Mattress Firm Holding Corp
(MFRM): Mattress Firm Holding Corp, up 1.68% yesterday, is today
launched with a squishy Neutral at Longbow. Over the past 12
months, Mattress Firm Holding Corp stock is up 21.02%
(BP) is a new Neutral at Credit Suisse, which rates rival
Royal Dutch Shell
(NYSE:RDS.A) an Outperform.
(SNDK): Brokerage boutique Drexel Hamilton starts SanDisk at a Buy.
Since November 2012, SanDisk stock is up an extremely impressive
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