Investors who, in the aftermath of 2008, were adamant we would
not see the
(^DJI) make a new high in
a month of Sundays
- that being an
during the financial crisis - clearly never counted on Tuesday.
Blue chips rose to yet another record after advancing for a 17th
straight Tuesday, an event that had never before occurred in an
index established in 1896. Action Down Under helped send blue chips
back over 15,000, as Australia's central bank reduced its interest
rate to a record low.
The bull was being restrained in a current
, but he ran amok everywhere else, not least with a 4.17% surge in
(MANU) rose 1.35% before this morning's news that
its iconic manager is stepping down
at a club he has coached since November 6, 1986. (The Dow, now
15,000, stood at 1,891.59 that day.) And speaking of sports,
(BC) jumped 3.86% on a
. This as
a woman now in her 95th year shows absolutely no
intention of retiring
from the pastime.
A quiet week for economic releases rolls on, with no top-tier data
due. In earnings action,
Green Mountain Coffee Roasters
(WEN) are all expected to report results.
(AME): Shares are upgraded to Buy from Neutral at Citigroup.
Carrols Restaurant Group
(TAST): Raymond James takes TAST to Strong Buy from Outperform.
European Aeronautic Defence and Space Company EADS
): The stock is upgraded to Outperform from Perform at Credit
(TV): TV gets taken to Overweight from Equal-Weight at Morgan
): The last name in luxury is lifted to Neutral from Sell by fellow
French firm BNP Paribas.
(IAG): IAG gets upgraded to Buy from Hold at Canaccord.
(JCP): The troubled retailer is today taken to Hold from Sell at
(LPX): Shares are upgraded to Neutral from Underperform at DA
Davidson, whose target is now $19 from $18 after a solid first
(LOW): Shares get upgraded to Buy from Neutral at ISI Group.
): Shares of the cult yoga clothing company, underwater over the
past year amid a
sheer pants problem
, today get a Buy-from-Neutral boost at Sterne Agee. The broker
believes that its transparent Luon issue will not do long-term
damage to the brand, and the stock is accordingly up 1.6% as I
(MRO): Macquarie moves the energy outfit to Outperform from
(MYGN): Shares get upgraded to Buy from Neutral at Mizuho, which
takes its target to $34 from $27 amid an improving risk-reward
(PRTS): Roth Capital raises its recommendation to Buy from Neutral.
New Stock Coverage: Spirit Airlines All Set to
Stock Downgrades: Bed Bath & Beyond Sleeps With the