Stock Upgrades: Strong Start to the Week for Finish Line

By
A A A

Bill Gates of Microsoft ( MSFT ) choked up . The "Money Honey" sobbed as she said goodbye. And a Congressman wept after he was caught using cocaine (causing one wit to take to Twitter (NYSE: TWTR ) and declare, "Drug user tearfully admits to being a member of Congress"). They must all be crying all way to the bank, even JP Morgan "Chastened" ( JPM ), which jumped 4.7% even as it handed over another $13 billion. The Dow (INDEXDJX:.DJI), now above 16,000, and S&P 500 Index (INDEXSP:.INX) each rose to records as US stock markets continued their inexorable ascent. It seems nothing can stop equities at the moment. A dangerous ice problem ? No worries. Landing at the wrong airport ? All in a day's work. Being inadvertently embarrassed in an advertising campaign ? Oh please, small potatoes. Amid all this, Boeing ( BA ) still hit the highest level in its history last week, having now advanced 85.88% in a year. Bookstores are making a comeback but there was no such luck for Facebook ( FB ), which fell 5.7% on the week, nor for Ireland's biggest bookmaker Paddy Power (OTCMKTS:PDYPF), which tumbled 12%. As late as August, it still had Larry Summers as odds-on favorite to become Fed head . Oops.


In terms of economic events that may move US markets this morning, at 10:00 a.m. Eastern, October pending home sales are expected to post an improvement from September's pace. Regarding specific stocks, Nuance Communications ( NUAN ), Palo Alto Networks (PANW), Qihoo 360 Technology (QIHU), SeaDrill (SDRL), and Workday (WDAY) are all due to release quarterly results.

Alcoa (AA): Alcoa gets a Buy-from-Neutral boost at Goldman Sachs, which cites the commodity company's "solid position in growing value-added and high-margin aluminum products for the aerospace and automotive industries." Alcoa stock is up impressively this morning as a result.

Bloomin' Brands (BLMN): Raymond James raises the owner of Outback Steakhouse to Outperform from Perform.

Caterpillar (CAT): Bank of America-Merrill Lynch lifts Dow component Caterpillar to Buy from Neutral. Its price objective on Caterpillar, previously $87, increases to an even $100.

easyJet (OTCMKTS:ESYJY): The budget European air carrier is increased to Buy from Hold at Jefferies.

Finish Line (FINL): Finish Line is upgraded to Neutral from Underperform at Sterne Agee and to Positive from Neutral at Susquehanna. Finish Line stock, up 24.41% in a year, hit a fresh 52-week peak earlier in November.

Gold Fields (GFI): GFI gets upgraded to Neutral from Underperform by Bank of America-Merrill.

Green Dot (GDOT): Jefferies juices GDOT to Buy from Hold.

Heartland Express (HTLD): HTLD is hoisted to Outperform from Perform at RBC Capital, which also takes its target price up by $5 to $21 amid an impressive recent acquisition.

RR Donnelley (RRD): Benchmark Company boosts the stock to Buy from Hold with an increased objective of $21 on account of potential merger synergies.

Smith & Nephew (SNN): Shares are now Outperform from Market Perform at Sanford Bernstein.

Stryker (SYK): Bernstein moves the medical device maker to Outperform from Market Perform.

(See also: Stock Downgrades: Campbell Soup Stock Is All Out of Liquid Assets and New Stock Coverage: Goldman Sachs, Still Doing 'God's Work,' Sees Church & Dwight Heading Heavenward )



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




This article appears in: Investing , Stocks

Referenced Stocks: BA , FB , JPM , MSFT , NUAN

Minyanville

Minyanville

More from Minyanville:

Related Videos

Spot the Dropout RRC
Spot the Dropout RRC                
Spot the Dropout MG
Spot the Dropout MG                 
Spot the Dropout IPC
Spot the Dropout IPC                
Spot the Dropout
Spot the Dropout                    

Stocks

Referenced

Most Active by Volume

55,154,925
  • $94.58 ▼ 2.48%
34,968,604
  • $18.13 ▼ 0.17%
23,380,589
  • $5.28 ▼ 4.86%
20,004,517
  • $31.475 ▲ 0.75%
19,977,694
  • $15.035 ▼ 1.15%
19,186,219
  • $122.255 ▼ 0.60%
18,054,067
  • $35.95 ▼ 11.93%
17,737,407
  • $19.75 ▼ 0.60%
As of 7/30/2015, 12:42 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com