Wall Street's gravy train, much like many of its unfortunate Connecticut-based worker bees , was suddenly derailed. Not quite a crash, but the Dow's (^DJI) hitherto very merry month of May did hit a speed bump on Monday. Yahoo ( YHOO ), whose previous social networking purchase didn't exactly exude a sixth sense, rose six cents after paying $1.1 billion for a firm with revenue of $13 million.
Shanghai's JA Solar ( JASO ) surged 70.37% after record first quarter sales to Tokyo; hard to believe that China and Japan are currently at daggers drawn . Sunlight, if not daggers, can kill off Dracula, but Priceline ( PCLN ) appears utterly indestructible. Neither a front cover Barron's diss nor sending its spokesman careening off a cliff could prevent it jumping 3.54% to a fresh 52-week peak on a broker boost .
No top-tier economic data due today, but expect earnings announcements out of Analog Devices ( ADI ), AutoZone (AZO), Best Buy (BBY), Dick's Sporting Goods (DKS), Home Depot (HD), Medtronic (MDT), NetApp (NTAP), Saks Inc. (SKS), TJX Companies (TJX), and Vodaphone (VOD).
AmericanTower ( AMT ): AMT is increased to Outperform from Neutral at Macquarie.
BlackRock (BLK): Macquarie moves the money manager to Outperform from Neutral.
Con-way (CNW): The trucking stock is taken to Buy from Hold at Wunderlich, whose target price goes to $45 from $37. Line-haul efficiency plans should soon start to exert a positive impact, the broker believes.
Cubist Pharmaceuticals (CBST): The stock, fresh from yesterday's 8.02% advance, is hoisted to Hold from Sell at Cantor Fitzgerald, which says generic Cubicin competition may be less onerous than that experienced by comparable products. Its price objective, previously $40, is now $49.
FelCor Lodging (FCH): Suntrust Robinson Humphrey lifts the equity to Buy from Neutral.
IntercontinentalExchange (ICE): ICE is increased to Outperform from Neutral at Macquarie.
Stifel Financial (SF): Shares are moved to Market Perform from Underperform with Wells Fargo.
T. Rowe Price (TROW): TROW gets an Outperform-from-Market Perform boost by Sanford Bernstein, sending shares up ahead of the open.
Urban Outfitters (URBN): Shares are added to the Best Ideas List at Janney, which also increases its price objective by $3 to $52. Catalysts include a good growth strategy and product improvement.
Wet Seal (WTSL): KeyBanc Capital boosts the company to Buy from Hold.
(See also: New Stock Coverage: Future Sunny for Sony and Stock Downgrades: Carnival Set to Sink .)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
