Stocks surged yet again, with the
(INDEXDJX:.DJI) now up for three straight sessions in the sort of
day only Michael Moore could dread. Compounding his misery was news
that Midland, Texas - indelibly associated with Dubya - has the
highest median household income in America
. Still, the filmmaker should keep his
, so to speak, for
) gained 25.11% to top the entire
(INDEXNASDAQ:.IXIC) on high hopes for its…well,
. Not all shares shared in the overall ebullience.
) fell 1.76% and fragrance maker
) - home to a scent Lady Gaga says "
smells like an expensive hooker
" cratered 3.35% to a fresh low. One only hopes all these oldest
professionals turned to the
of Trojan condoms maker
Church & Dwight
), which jumped 2.20% on a broker boost. Alas, BigChurch.com parent
(OTCMKTS:FFNT), better known as the owner of
, fared less well, imploding 83.84% after
entering chapter 11
. These days, "friends" are found not in musty magazines but on
), which advanced 6.02% to buck a three-session slump in some
Today the Federal Open Market Committee concludes its two-day
policy setting meeting in Washington, DC, with an interest rate
announcement expected at 2:00 p.m. Eastern. Ben Bernanke is due to
host a press conference at 2:30 p.m. In corporate earnings action,
(ORCL) are all slated to release results.
(ALL): Guggenheim begins the insurance outfit with a Buy rating and
$63 price objective.
(ARUN): Shares are set an Overweight at Piper Jaffray, whose target
(FI): UBS has a fresh Buy on the oil and gas firm and Barclays
(Overweight with a $35 price objective) is equally upbeat. Goldman
Sachs, with a new Neutral, advises greater caution.
(NYSEMKT:NGD): Barclays begins coverage at Equal Weight. Its price
target is $8.
(NUE): NUE is a new Outperform at BMO Capital Markets, whose target
price target is $54.
Phillips 66 Partners
(PSXP): The limited partnership is picked up with a Neutral at
(SMG): Shares are a new Neutral at Janney.
(SCTY): Citing the stock's steep valuation, even as an investment
tax credit ultimately bodes well, Robert W. Baird resumes the
alternative energy name at a Neutral. Its target is $37.
: Credit Suisse covers dual
(T) (Outperform) and
(VZ) (Neutral), has a bearish Underperform on
(S), and establishes Outperform-rated research on
(TFX): The medical appliance outfit is assigned an Outperform and
$94 target at JMP Securities.
(X): BMO Capital Markets covers the commodity company at a Market
Perform. Its objective is $19.
Stock Upgrades: Tilly's Is a Teenage Dream
Stock Downgrades: Procter & Gamble Is All Out of