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Why Pandora Media Inc (P), Salesforce.com, Inc. (CRM) and Sears Holdings Corp (SHLD) Are 3 of Today’s Best Stocks

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Nearly all major asset classes slid Tuesday on speculation that some global central banks could be preparing to step back from their significant monetary easing efforts. That sent equities, bonds and major currencies lower.

The S&P 500 lost 0.49% while the Dow Jones Industrial Average shed 0.46%. The Nasdaq Composite declined 0.21% to "lead" the pack.

While central banks commanded headlines, Pandora Media Inc (NYSE: P ), S alesforce.com, Inc. (NYSE: CRM ) and Sears Holdings Corp (NASDAQ: SHLD ) were three of Tuesday's best.

Here's a look at why:

Pandora Media Inc (P)

P shares climbed 3.6% on heavy volume following some positive analyst commentary on the online streaming music provider.

Goldman Sachs upgraded Pandora stock to "conviction buy" from "buy" while boosting its price target on the stock to $19 from $17.

"While the company faces meaningful execution and competitive risks as it launches new subscription models and transitions its ad-supported business to direct label relationships, we see significant potential upside to out-year estimates from premium radio and on-demand subscriptions," Goldman's Heath Terry wrote in a note released Tuesday.

Pandora's shares have put in a series of higher highs and higher lows since May and are currently well above their major longer-term moving averages. After a poor showing in January the stock is up roughly 10% year-to-date.

Salesforce.com, Inc. (CRM)

CRM shares advanced 3% on above-average turnover following news of mergers & acquisition action out of the cloud firm.

But no, it wasn't for that company .

Salesforce is acquiring Krux Digital for $700 million . Salesforce will pay $340 million in cash and up to 6 million shares for Krux, a leading data management platform that unifies, segments and activates audiences to increase engagement with users, prospects and customers.

Analysts expect the company to integrate Krux into its cloud computing platform and related offerings.

Sears Holdings Corp (SHLD)

SHLD stock jumped 6.4% on volume that was about 10 times the daily average on reports that the downtrodden retailer is mulling another asset sale to raise cash.

Sears has been shopping around several of its brands, and it appears the Craftsman name is drawing interest from Stanley Black & Decker, Inc. (NYSE: SWK ), among other suitors.

Other bidders for SHLD's Craftsman brand may include Techtronic Industries Co. , Apex Tool Group and Sweden's Husqvarna AB , Bloomberg reports, citing sources familiar with the matter. A sale could net $2 billion for cash-strapped Sears.

The news comes a day after CEO Eddie Lampert wrote a blog post denying rumors that the company would be shuttering all of its Kmart stores.

While SHLD did finish more than 6% higher, that marked a considerable draw-down from the 15% gains the stock registered in its midday pop.

As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities.

The post Why Pandora Media Inc (P), Salesforce.com, Inc. (CRM) and Sears Holdings Corp (SHLD) Are 3 of Today's Best Stocks appeared first on InvestorPlace .

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.

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