) did tumble 11.01% but otherwise, it was a day to bring tears of
joy to the eyes of CNBC's retail correspondent Courtney Reagan.
Yes, yes, an
on-air marriage proposal from her boyfriend
may have been one reason she reached for the Kleenex. But, likely
) - whose 9.39% surge topped the entire
S&P 500 Index
(INDEXSP:.INX) - was an equally probable factor for her going all
lachrymose. US markets rose to new records on a day there were
waterworks all around. A broker
) and its
up 3.03%. And crocodile tears worked a treat for
), which gained 9.76% for its best day all year. Yet it was a
two-tiered market. Amid all the ebullience, a
) dropped another 0.93%. Wait a minute. Dean Foods is based in
Dallas, not far from the Texas School Book Depository. And school
textbook rental company
(CHGG) tumbled 22.56% on its first day of trading. And
car rental sign stood atop Dealey Plaza
, advanced 2.54%. And
(SMG), which helped grow the grassy knoll, gained 1.66%.
Where is Oliver Stone when we need him
In terms of events that may move US markets this morning, the
confirmation hearing for Janet Yellen to head the Fed commences at
10:00 a.m. Eastern. Regarding specific stocks, expect earnings
announcements out of
Helmerich & Payne
(CAE): The aerospace and defense outfit gets upgraded to Outperform
from Sector Perform at RBC Capital. Potential upcoming catalysts
include steady margin improvement and an attractive valuation.
(CG): Goldman Sachs gives the money manager a Buy-from-Neutral
(FINL): Shares are raised to Buy from Neutral at boutique brokerage
B. Riley & Co. Its price objective, previously $26, increases
(OTCMKTS:JSAIY): Multiple broker boosts for the British grocer
today, upgraded to Neutral from Underperform by BNP Paribas, to Buy
from Neutral at Citigroup, and to Neutral from Underweight at HSBC
(LPNT): Deutsche Bank lifts LPNT to Buy from Hold.
(ODP): Office Depot, whose stock rose 3.26% yesterday, is advancing
another 3.16% this morning. This after Bank of America-Merrill
Lynch does a 180, boosting it all the way to Buy from Underperform.
Office Depot recently named Roland Smith as its CEO after acquiring
(SCTY): SolarCity, whose Chairman is the ubiquitous Elon Musk, gets
raised to Outperform from Perform at Robert W. Baird, which praises
the company's industry-leading innovation. Its price objective on
SolarCity, previously $50, increases to $71 from $50.
(SNE): Sony Corporation, which
George Clooney recently defended in its battle with
activist investor Daniel Loeb
, is moved to Overweight from Equal-Weight at Morgan Stanley. The
stock, a 4.12% gainer on Wednesday, is currently advancing another
1.45% as a result of the analyst's action. Tomorrow, Sony
Corporation launches its PlayStation 4 in the US.
(STI): STI is taken to Outperform from Perform at Oppenheimer.
(ZGNX): Shares get upgraded to Outperform from Perform, again at
New Stock Coverage: Mattress Firm Holding Set to Sleep
With the Fishes?
Stock Downgrades: Cisco Systems on Route to