Stock Upgrades: Diamond Foods Looks Like a Gem

By Justin Sharon,

Shutterstock photo

Cruz and cruise combined to scupper stocks, with shares sinking for a fifth straight session as the Tea Party poster child sent equities deeper into hot water already occupied by an utterly unloved Carnival Corporation ( CCL ), which dived 5.33%. As a result, the S&P 500 Index (INDEXSP:.INX) endured its longest losing streak all year. Amid the wreckage, a broker boost sent Facebook ( FB ) up 2.08% to a fresh best, even as fully 15% of us still don't get this whole Interweb thing . A day that began with Letta ringing the opening bell ended with the Post Office in ever more dire straits. Its two cents' worth involved a proposal to raise stamp prices by three cents. This as the lumbering bureaucracy is expected to lose $6 billion this year, the sort of incompetence that usually only occurs in the private sector .

Today's economic data includes August pending home sales at 10:00 a.m. Eastern, with analysts calling for a fall. In earnings action, consulting company Accenture ( ACN ), fashion firm Hennes & Mauritz (OTCMKTS:HNNMY), spice stock McCormick ( MKC ), and Dow (INDEXDJX:.DJI) newbie Nike ( NKE ) are all due to release results.

Aéropostale (ARO): BlueFin boosts the clothing company to Outperform from Neutral.

AmBev (ABV): The Brazilian beverage behemoth, officially called Companhia de Bebidas das Americas, is increased to Outperform from Neutral at Credit Suisse.

Applied Materials (AMAT): The tech name is taken to Buy from Hold by Berenberg.

Cubist Pharmaceuticals (CBST): Leerink Swann lifts the firm to Outperform from Market Perform. Its target is increased substantially, by $19 to $76.

Diamond Foods (DMND): The snack stock whose offerings include Pop Secret and Kettle Brand gets upgraded to Buy from Hold at BB&T Capital.

Occidental Petroleum (OXY): Shares in the energy company get upgraded to Outperform from Market Perform with Wells Fargo.

Portland General Electric (POR): Wells Fargo juices the electric utility to Outperform from Market Perform.

Watsco (WSO): Robert W. Baird boosts the wholesale electronics outfit to Outperform from Neutral.

W.W. Grainger (GWW): The industrial stock is now Neutral from Sell at Citigroup.

Xylem (XYL): The diversified machinery name is moved to Overweight from Equal Weight by Barclays, which also increases its price objective to $33 from $26.

(See also: Stock Downgrades: Diamondback Energy Is Strictly Rhinestone and New Stock Coverage: Diamond Seller Blue Nile Set to Sparkle .)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Stocks
Referenced Stocks: ACN , CCL , FB , MKC , NKE

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