Stock Upgrades: US Steel Is a Steal


Not the most fitting farewell for the New York Stock Exchange , whose history began under a Buttonwood tree in 1792 and ended by sending Twitter's (NYSE: TWTR ) bluebird skyward in 2013. Its last day as an independent entity was notable only for light volume and stocks snapping a two-session winning streak. The Dow (INDEXDJX:.DJI) dropped along with other US markets on a day that saw some heavy losses. The New York Times ( NYT ), which once trashed Tesla Motors ( TSLA ), invited the car company to its annual DealBook conference. (The scathing review occurred as far back as February, so perhaps Mr. Musk can not recall it . Regardless, his stock still fell 4.77%.) Communist China concluded its own confab, safe in the knowledge it will soon overtake the heartland of capitalism economically . Though you would never know it, based on the paltry amount it just gave those poor citizens of the Philippines . And on 11/12/13, the year's top day to get married, parent InterActiveCorp ( IACI ) gained 1.83% to a historic high. Because, while love hurts, it isn't as painful as having an affair .

In terms of economic events that may move US markets today, at 2:00 p.m. Eastern the Treasury's October budget deficit is seen shrinking from September's figure. Regarding specific stocks, earnings announcements are expected out of Ahold (OTCMKTS:AHONY), Canadian Solar ( CSIQ ), Cisco Systems ( CSCO ), E.ON (OTCMKTS:EONGY), ExOne (XONE), GDF Suez (OTCMKTS:GDFZY), Kinross Gold (KGC), Macy's (M), NetApp (NTAP), NetEase (NTES), and SeaWorld (SEAS).

Alliant Techsystems (ATK): ATK is upgraded to Outperform from Neutral at Credit Suisse.

Heartland Express (HTLD): Shares are moved to Outperform from Market Perform with Wells Fargo.

Norsk Hydro (OTCMKTS:NHYDY): Citigroup increases the energy outfit to Neutral from Sell.

NuStar Energy (NS): The limited partnership gets lifted to Neutral from Underperform at Credit Suisse.

NuStar GP Holdings (NSH): NSH is now Neutral from Underperform at Credit Suisse

Qualcomm (QCOM): Chip stock Qualcomm is added to the Conviction Buy list at Goldman Sachs. Qualcomm stock is up 11.18% in the past 12 months.

Red Hat (RHT): Software stock Red Hat gets raised Overweight from Neutral at Piper Jaffray. Red Hat stock has slumped 6.16% since November 2012.

Transocean (RIG): RIG is raised to Buy from Neutral at Guggenheim. Its price objective, previously $56, increases to $70.

US Steel (X): US Steel is moved to Overweight from Equal-Weight at Morgan Stanley, which cites improving profit margins. As a result, shares of US Steel are up impressively ahead of this morning's opening bell.

Western Refining (WNR): Shares are now Buy from Neutral at UBS.

(See also: Stock Downgrades: How Now Brown Cash Cow? Dean Foods Cries Over Spilled Milk and New Stock Coverage: Bottom Line, Lululemon Is No Longer Flying by the Seat of Its Pants )

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: CSCO , CSIQ , IACI , NYT , TSLA



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