Today will be predictably dominated by
), but yesterday was all about pie, as the
(^GSPC) snapped a four-session win streak to slip
points. (And how could we forget Mom? Not when
advertising subliminally honors all matriarchs
, advanced 8.23%? For good measure, England's
) surged 6.2%, as citizens bought its
Mother's Pride bread
en masse to celebrate the royal birth.)
sent Milton Bradley's
) up 2.05%, and Milton
) saw his stock hit the highest level in its history on a similar
broker boost. Free market Milton Friedman would surely approve.
Alas, Marissa Mayer's
(YHOO) is unlikely to be singing, "
Hey Mickey, you're so fine
" after her
This morning in economics, analysts expect an increase in June new
home sales at 10:00 a.m. Eastern. On the corporate front, the
midpoint of the busiest week for quarterly earnings announcements
is upon us. Today's results are due to include
): The long-suffering stock is upgraded to Outperform from Market
Perform by BMO Capital. Shares are currently up more than 4% after
last night's well-received earnings announcement.
(DHI): Compass Point hoists the homebuilder to Buy from Neutral.
(ERJ): The Brazilian jet maker is moved to Neutral from Underweight
(IRWD): Shares are upgraded to Hold from Sell at Cantor Fitzgerald,
whose price objective increases to $10 from $7.00 amid a more
compelling valuation and greater expense control.
(JNPR): UBS juices the fiber optic firm to Buy from Neutral.
(LMT): Bank of America-Merrill Lynch lifts the resurgent aerospace
firm to Neutral from Underperform.
(MTG): MTG is moved to Positive from Neutral at Susquehanna.
(ST): Oppenheimer increases its investment assessment to Outperform
(SCBFF): The British financial firm is moved to Equal-Weight from
Overweight at Morgan Stanley.
(TCB): FBR Capital takes the stock to Perform from Underperform, in
the process increasing its price target by $7.50 to $17. Catalysts
include fee income growth and improving credit quality.
(AMTD): The biggest domestic discount brokerage, fresh from
reporting 20% increase in Q2 profit, gets upgraded to Neutral from
Sell at Goldman Sachs.
(VMW): Raymond James raises the tech name, surging some 13.02% as I
write, to Outperform from Perform.
(VOD): The telecom firm is added to UBS's European key call list.
): The fast food firm, fresh from yesterday's 8.23% Q2
earnings-related advance, is today taken to Neutral from Sell at
Stock Downgrades: Norfolk Southern Corp. Heads South in a
New Stock Coverage: Stock Up on Costco Wholesale