It's not for me to argue with T.S. Eliot - especially in this
season of poetry
- but April, far from being "the cruelest month," has historically
been the single best for blue chips. Alas this year the
(^DJI) does not appear to be adhering to the script, with a second
straight decline leaving stocks poised for their worst week of
While the market continues to throw raspberries at investors,
) took its two-session post IPO surge to an astonishing 42.39%. It
has come a long way from humble origins in 1933, the depths of the
Depression. Brother, can you spare a dime? More like
apples going for a wooden nickle if you were
So some perspective, please, amid all the hand wringing as
) tumbles to "only" $392.05. In a session that saw many
shareholders get soaked, the
scored a broker boost
(VZ), flooded during Super Storm Sandy
, surged 2.77% to a new high water mark.
No top-tier economic data due today, but a frenzied first full week
of quarterly earnings announcements concludes with
(UA), and Indian outsourcer
(WIT) all expected to release results.
(AF): Shares get raised to Perform from Underperform at Keefe
(AN): The stock, a stellar performer yesterday, is upgraded to Hold
from Sell at Deutsche Bank.
(EE): EE is increased to Buy from Hold at Jefferies.
): The discount broker, famous for
its baby ads
, is moved to Market Perform from Underperform at Keefe Bruyette.
): Morgan Stanley moves the stock to Overweight from Equal-Weight.
(MMS): Shares are upgraded to Outperform from Perform at Raymond
(NPTN): The stock is now Buy from Hold with a $7.50 target price at
Needham, which notes potential strength in China.
(NOK): NOK, which nose dived yesterday, is upgraded to Market
Perform from Underperform by BMO Capital Markets.
(OSTK): The stock, which surged 37.00% to top the
(^IXIC) on Thursday, gets an unusual 180 degree boost (Buy from
Underperform) at Bank of America-Merrill Lynch. The broker says Q1
"looks like a sea change" for the company, and its price objective
also increases by $8, to $20. Shares are up 1.6% as a result in
(PFBC): Raymond James raises its recommendation to Outperform from
(TEF): TEF is taken to Outperform from Perform by Bernstein.
(TOL): TOL is upgraded to Outperform from Perform at Keefe
(TKC): Shares are now Neutral from Sell at UBS.
(VRTX): Shares, surging some 51.31% before the bell, are now
Neutral from Sell at Goldman Sachs after encouraging VX-661 and
Ivacaftor Phase 2 study data.
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