In a week dominated by Britain's royal birth, Wall Street opted
to take the advice of another English blue blood as investors "
hugged a hoodie
." Granted, Mr. Zuckerberg - who made $3.8 billion yesterday - may
not be in the
garb's typical demographic
. But no matter, for
) impressive earnings and
sent it surging 29.61% and had shareholders everywhere welcoming it
back to the neighborhood with open arms. The company's results
helped "cement the bull thesis," according to Sterne Agee analyst
Arvind Bhatia. Mexican cement giant
), up 2.20% after its own quarterly announcement, clearly felt the
halo effect. Meanwhile
), which did cement work on an infamous
) oil well,
found itself in hot water
. This as the Gulf is once again aflame, although mercifully this
no sheen was seen
Today in economics, the University of Michigan's final figure for
July consumer confidence arrives at 9:55 a.m. Eastern. On the
earnings front, peak week of Q2 reporting season concludes with
quarterly announcements expected out of
British Sky Broadcasting
Stanley Black & Decker
Advance Auto Parts
(AAP): Shares get upgraded to Buy from Hold at Deutsche Bank.
(BIDU): Morgan Stanley moves the Chinese search engine to
Overweight from Equal-Weight.
(BKU): Keefe Bruyette boosts the bank to Outperform from Market
(CPB): Shares are upgraded to Neutral from Underperform at Credit
(FBC): The stock is now Neutral from Sell at Compass Point, which
also increases its price objective by $2.50 to $14.50. Increasing
home prices augur well, the broker believes.
(GILD): GILD gets upgraded to Overweight from Equal Weight at
(LLL): Bank of America-Merrill Lynch lifts the aerospace name to
Neutral from Sell.
(LAZ): UBS increases its investment assessment on the money manager
to Neutral from Sell.
LVMH MoÃ«t Hennessy Louis Vuitton
(LVMUY): The giant French luxury goods firm gets a Buy-from-Neutral
lift at UBS.
(OPEN): The stock is now Buy from Neutral at Goldman Sachs.
(PHM): Credit Suisse hoists the homebuilder to Outperform from
Tesla Motors Inc
(TSLA): Deutsche Bank hoists the electric auto outfit, surging
about 4% as I write, to Buy from Hold. (For related reading, please
What's Next for Tesla Motors? 7 Expert Investors Make
United Community Banks
(UCBI): Raymond James juices the stock to Strong Buy from Buy.
(VNTV): The business services stock is increased to Buy from
Neutral at UBS.
(WOOF): Shares in the veterinary firm are upgraded to Overweight
from Neutral at Piper Jaffray.
(VRSN): Brokerage boutique B. Riley raises its recommendation to
Buy from Neutral.
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