New Stock Coverage: Spirit Airlines All Set to Levitate
Hollywood finds itself, as ever, a step behind the times and
fighting the last war. On Friday, a
Assault on Wall Street
, telling the tale of an irate client who went postal on a big bank
during the financial crisis. This as 2008 increasingly seems like
ancient history to investors, who yesterday saw the
(^GSPC) surge to its fourth straight record close.
The index's single best performer on Tuesday was Fossil ( FOSL ), with the watchmaker jumping 9.01%. Lehman Brothers does indeed look like a long time ago when it is now all about the Kartsotis Brothers, the siblings who founded the firm. ( Who says Greeks can't make money ?)
Elsewhere shareholders certainly couldn't "blame Canada," not with Ontario's own Tim Hortons ( THI ) advancing 1.71% to the highest level in its history. Their delicious donuts are apt to send you to the gym, which may be why Vancouver (Washington's) upgraded fitness firm Nautilus ( NLS ) plumed up 19.97% as the smart money flocked to its Bowflex brand dumbbells.
And on this, the anniversary of Victory in Europe Day - celebrating the end of a conflict that killed 60 million in intercontinental butchery - scientists showed that all Europeans are, in fact, related . You would never know it, judging by the endless issues over its common currency.
A quiet week for economic releases rolls on, with no top-tier data due. In earnings action, AOL Inc. (AOL), Deutsche Telekom ( DTEGY ), Green Mountain Coffee Roasters (GMCR), Groupon (GRPN), News Corporation (NWSA), Sodastream (SODA), Tesla Motors (TSLA), TelefÃ³nica (TEF), and Wendy's (WEN) are all expected to report results.
Bonanza Creek Energy (BCEI): Northland Securities starts the stock at Outperform.
Children's Place (PLCE): Shares are a new Neutral at Piper Jaffray.
Eaton (ETN): The electronics outfit is assigned an Outperform by Sanford Bernstein.
Spirit Airlines ( SAVE ): The low cost carrier, up 29.91% in the past 12 months having hit an historic high on Tuesday, is initiated with a Buy at Buckingham.
Travelers (TRV): Raymond James resumes the insurance outfit, a key Dow (^DJI) component, at Outperform.
(See also: Stock Upgrades: Time to Stop Blowing Raspberries at Lululemon? and Stock Downgrades: Bed Bath & Beyond Sleeps With the Fishes .)