Amid revolution in Egypt, denial proved profitable for American
equities. Wall Street decoupled from a widening crisis in Cleopatra
country to end up modestly in Wednesday's truncated trading
session. Ahead of July 4 barbecues, it was "south of the
border"-flavored stocks that instead gave investors the most food
Chipotle Mexican Grill
) jumped 3.38% to top the
S&P 500 Index
(^GSPC) and Taco Bell owner
) advanced 1.46%, honesty proving its own reward for the company's
returned $3,600 erroneously included in a takeout
. Meanwhile a central banker nicknamed "Chili con Carney" sent UK
stocks surging yesterday with a
market-friendly interest rate announcement
. And on the eve of the
highest calorie day of 2013
, gym giant
) kept fiscally fit by gaining 3.33% to a fresh 52-week peak. This
iron-pumping octogenarian Supreme Court member
tipped the scales of justice firmly in her favor to embarrass couch
) released its results earlier today, in an otherwise quiet session
for earnings announcements.
) will unofficially usher in Q2 reporting season after the closing
bell on Monday.
African Barrick Gold Ltd
(ABGLY): Shares are now Buy from Reduce at Nomura.
(APA): As oil heads inexorably higher on tumult in Egypt, Argus
upgrades the energy firm to Buy from Hold. The target price is $95.
(BWLD): BWLD gets boosted to Buy from Hold at Miller Tabak, which
also increases its price objective to $117 from $98. Record wing
supplies and reduced corn feed prices each augur well, in the
Lloyds Banking Group PLC
(LYG): Nomura boosts the British financial firm to Buy from Reduce,
sending it up about 1.8% as I write.
(MDIUY): The media empire controlled by embattled ex-Italian Prime
Minister Silvio Berlusconi is increased to Buy from Hold at Kepler
(PNDZY): HSBC Securities hoists the Danish jeweler, already up
about 50% this year, to Overweight from Neutral.
Randgold Resources Ltd.
(GOLD): The commodity company gets raised to Neutral from Reduce at
SABMiller plc (ADR)
(SBMRY): SociÃ©tÃ© GÃ©nÃ©rale gives the brewing giant, among whose
other offerings are Grolsch, Peroni, and Pilsner Urquell, a boost
to Buy from Hold.
(SDRL): The stock is now Buy from Neutral at Bank of
America-Merrill Lynch, which highlights its impressive dividend
yield among other favorable factors. Shares are, accordingly, up
about 2% at present.
SKY DEUTSCHLAND AG
(SKDTY): Shares in the TV firm are up move than 4% at a half-decade
high in today's European trading after being upgraded to Conviction
Buy at Goldman Sachs. Merger potential and strong subscriptions are
each cited as catalysts.
(UN): The consumer products giant, whose myriad brands include Axe,
Ben & Jerry's, Dove, Lipton, and Vaseline, is moved to Buy from
Hold at SociÃ©tÃ© GÃ©nÃ©rale.
(ZTS): Bank of America-Merrill Lynch moves the animal health
outfit, a spin-off from
(PFE), to Buy from Neutral.
Stock Downgrades: Dull Ache at Heineken Holding NV, Home
of 'The Most Interesting Man in the World.'