Stock Upgrades: Who Needs Twitter When There's American Eagle?

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US markets surged, with stocks hitting fresh highs after being inspired by a new economy icon whose headquarters are on San Francisco's Market Street. But enough about an upgraded OpenTable ( OPEN ), which jumped 12.41%, for it is actually quaint enough to make money. No, today is all about Twitter (NYSE: TWTR ), its red ink-bleeding, bluebird neighbor up the block. The Dow (INDEXDJX:.DJI) reached its 33rd record of the year, led by a 4.20% gain in Microsoft ( MSFT ). That advance took the stock to levels not seen since July 2000. (To give you a sense of how long ago that was, that month's headlines expressed shock -- shock that our own National Security Agency was spying on innocent old Europe .) Not all equities shared in the ebullience. Malibu-based toy titan JAKKS Pacific ( JAKK ) slid 6.97%, this with the rent already too darn high in the upscale California coastal community. (To cut costs, dude can always couch surf with its resident Barbie , if Ken allows it.) And elsewhere in the Golden State, in case you haven't heard, Twitter's ( TWTR ) azure-hued feathered friend is set to soar today, after pricing its initial public offering at $26 per share. To quote a current movie title, Blue Is the Warmest Color . Just don't expect to find the film at Blockbuster .

In terms of today's economic events that may move US markets, September consumer credit is expected to show a contraction at 3:00 p.m. Eastern. Regarding specific stocks, Annie's ( BNNY ), Apache (APA), Arena Pharmaceuticals (ARNA), Beazer Homes (BZH), Crédit Agricole (OTCMKTS:CRARY), FireEye (FEYE), Groupon (GRPN), Nvidia (NVDA), Priceline (PCLN), Rocket Fuel (FUEL), Siemens (SI), Walt Disney (DIS), and Wendy's (WEN) are all due to announce earnings.

American Eagle Outfitters (AEO): American Eagle Outfitters, whose shares are surging before the bell, are boosted to Buy from Hold at Brean Capital. Margins are improving at American Eagle Outfitters, an adolescent-focused clothing company.

Flagstar Bancorp (FBC): Shares are now Buy from Neutral at Compass Point, whose price objective increases to $20 from $15.50. The bank is working with Fannie Mae (FNMA) to put loan issues behind it.

HomeAway (AWAY): Raymond James raises its recommendation to Strong Buy from Outperform.

Parker-Hannifin (PH): The stock is juiced to Buy from Hold at Jefferies.

Rocket Fuel (FUEL): Rocket Fuel gets increased to Outperform from Perform at Oppenheimer. Rocket Fuel is a digital advertising outfit.

Synaptics (SYNA): JPMorgan moves the tech name to Overweight from Neutral.

Two Harbors Investment (TWO): TWO is taken to Buy from Neutral at Sterne Agee.

Williams-Sonoma (WSM): Williams-Sonoma gets hoisted to Buy from Hold at BB&T Capital. The stock of Pottery Barn owner Williams-Sonoma has risen 13.34% in the past 12 months.

(See also: New Stock Coverage: Time to Put Your Nest Egg in Twitter? and Stock Downgrades: A Little Bird Tells Me the Canary Just Ate Caterpillar )

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: BNNY , JAKK , MSFT , OPEN , TWTR



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