, believers in the age-old cover curse have plenty of ominous
evidence that a reversal in equities is nigh. For now though, let's
(^GSPC) shares having risen for three straight weeks, shattering
all sorts of records in the process.
Such is the current optimism in stocks, it seems even bad news is
good news. An
embarrassing gourmet grocery error
? No worries;
) still jumped 10% to the highest level in its history. A
sheer pants problem
? Wall Street evidently likes greater transparency, for
) also rose to an all-time best, as did
), for whom even a
wobbly wooden hammock
is preferable to stuffing money in mattresses.
Today in economics, analysts expect March business inventories to
tick up from February's pace at 10:00 a.m. Eastern. On the earnings
China Yuchai International
Take Two Interactive
(TTWO) are all due to release results.
(AIG): AIG gets an Overweight-from-Equal Weight boost by Barclays.
Apollo Global Management
(APO): The money manager gets moved to Outperform from Market
Perform at Keefe Bruyette.
(CE): Citigroup upgrades the chemicals company to Neutral from Buy.
(CHS): The clothing company is moved to Equal-Weight from
Underweight at Morgan Stanley.
(CSCO): The company, a key
(^DJI) component, is increased to Market Perform from Outperform at
FBR Capital, which says its SDN (Software-Defined Networking) is
now gaining more traction it expected. Its price objective is also
taken up, by $2 to $19.
): The firm, which makes glass for flat-panel televisions, is
upgraded by both Barclays (Overweight from Equal Weight) and Morgan
Stanley (Equal Weight from Underweight). Shares are trading higher
in today's pre-market trading as a result, bucking an overall weak
Digital Realty Trust
(DLR): MLV & Company raises the real estate outfit to Buy from
Hold, hoisting their target price by $10 to $77. Recent data
implies that supply absorption is ahead of schedule.
(JCI): Lazard juices JCI to Buy from Neutral.
(KORS): The fashion firm is added to Morgan Stanley's list of Best
(NOK): Shares, which surged 11.3% last week, are up a further 3%
plus this morning on an unusual 180 degree (Buy from Sell) upgrade
at Danske Bank.
(ORBK): The Israeli electronics outfit gets increased to Overweight
from Equal Weight by Barclays.
(OC): OC gets increased to Buy from Hold at KeyBanc Capital.
(BEN): Shares get Buy-from-Neutral boosts by both Citi and UBS.
(SQNM): Credit Suisse moves the stock to Neutral from Underperform.
(TMUS): TMUS is taken to Buy from Neutral at UBS.
Vestas Wind Systems
): The world's largest maker of wind turbines is surging overseas
today on a Neutral-from-Underperform upgrade at Credit Suisse,
which says the company stands to gain from cutting costs.
(WCRX): Morgan Stanley moves the stock, which surged 19.99% on
Friday amid takeover talk, to Equal-Weight from Underweight.
(WRE): The real estate investment trust gets raised to Outperform
from Neutral by Robert W. Baird, whose target goes to $33 from $30
amid optimism over the sale of its Medical Office portfolio.
(GWW): GWW gets upgraded to Outperform from Market Perform at
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