Even the bombshell announcement that Fed head Ben Bernanke will
skip the Jackson Hole symposium was powerless to prevent stocks
scoring strong weekly gains. (Perhaps Wall Street's animal spirits
were lifted because the
Reuters article was written by a man named Bull
, which is actually an equally good description of the
erroneous item attributed to its chief competitor
It was a good week for Apple and Moses, whose mother Gwyneth
Paltrow was voted
's most beautiful person, and not a bad one for
(AAPL) and tablets, with the tech firm gaining 6.8% after
announcing its iPad sales in China were up 138%.
(AVNR) jumped 2.81% on Friday after a European regulator looked
favorably upon its product Neudexta to treat sudden uncontrollable
laughing or crying. The continent was itself caught between mirth
over its stocks surging by the most all year, and sorrow as
pain in Spain
now starts to
negatively impact even erstwhile economic titan
Today in economics, March pending home sales are forecast to show a
pick up from February's pace at 10:00 a.m. Eastern. On the
corporate front, it's another frenzied week for first quarter
earnings with announcements expected out of
Buffalo Wild Wings
J&J Snack Foods
Abercrombie & Fitch
(ANF): Macquarie moves the cult teen clothing company to Outperform
from Neutral amid optimism over its profit margins.
): The miner is now Neutral from Reduce at Nomura.
(MT): ING Groep gives the steel stock a Buy-from-Hold hoist.
(FLIR): Shares are upgraded to Neutral from Underweight at
(HMY): HMY gets upgraded to Neutral from Sell at Citigroup.
): Robert W. Baird takes the Taiwan technology company to
Outperform from Neutral.
J. Sainsbury plc
): The English grocery giant is now Neutral from Buy at Citigroup.
(LPNT): LPNT gets lifted to Buy from Neutral at Bank of
): SociÃ©tÃ© GÃ©nÃ©rale boosts the French cosmetics company to Buy
(MRO): Barclays boosts the energy outfit to Overweight from Equal
(PBR): The oil giant better known as Petrobras gets moved to Buy
from Neutral at Bank of America-Merrill, sending it up nicely
before this morning's opening bell.
(STI): Shares are moved to Outperform from Market Perform at FBR
Capital, which also lifts its target price by $7 to $37. The
company appears to be working through its prior legacy issues and
resolving credit concerns.
(THC): The stock is now Outperform from Neutral at Robert W. Baird,
which also increases its price objective up to $51 from $44. More
reimbursement money may flow its way from the Medicare DSH
(Disproportionate Share Hospital) provision this year.
(DIS): UBS increases the key
(^DJI) component, whose
Iron Man 3
earned $195.3 million this weekend to top the international box
office, to Buy from Neutral. Shares are up 42.72% in the past year
having hit an historic high on Wednesday, and UBS notes that the
Mouse House is in the early innings of an acquisition-inspired long
term earnings growth cycle.
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