Three and a half day work weeks, so beloved of our European brethren, may quickly gain converts on this side of the Atlantic after Wall Street ended its Thanksgiving-truncated activity up sharply, with Dow Industrials
(^DJI) finishing back above 13,000 for the first time since the election.
A calorie filled American icon filed for bankruptcy
as we readied the stuffing, but Krispy Kreme Doughnuts
(KKD) jumped 33.09% and Dunkin’ Donuts
(DNKN) has just been initiated with a bullish Buy rating, so our obesity epidemic looks set to roll on regardless. “He ain’t heavy, he’s my Brother
” was the lament as England’s last typewriter rolled off the production lines.
(AAPL), where there can apparently never be too many Cooks
, climbed 8.3% in its best week for eight months. Chicken powerhouse Tyson Foods
(TSN) was no turkey, rising 14% to top the entire S&P 500 Index
(^GSPC). European stocks posted their best week of 2012, even as the continent remained singularly unable to reach an 11th-hour agreement in 11 hours of debt talks
No top-tier economic data due today, but Berry Plastics
(BERY), Big Lots
(BIG), Jos. A. Bank Clothiers
(JOSB), and Seadrill
(SDRL) are all expected to post quarterly earnings.
(NASDAQ:AAPL): The tech icon, fresh from snapping a streak of eight straight weekly losses on Friday, is this morning begun with a Buy at Citigroup, which has a relatively conservative $675 price objective.
(AUQ): UBS has a new Neutral, and $9.50 target price, on the commodity company.
(BP): The oil outfit is among several energy Outperform initiations at BNP Paribas.
(DNKN): The donut powerhouse is picked up with a Buy at UBS, whose price objective is $36.
(IBDRY): Citi has a new Neutral on the Spanish energy outfit.
(RH): RH is a new Outperform at William Blair.
(SNDK): Credit Suisse starts the stock at Outpeform.
(SLAB): The tech name is picked up at Outperform by Pacific Crest, whose target price is $48.
(SMBL): RBC Capital rates the maker of buttery spreads a Top Pick and issues a $16 target.
(Z): Morgan Stanley starts the online real estate outfit at Equal-Weight.
(See also: Stock Downgrades: McDonald's Stock Set to Slim Down
and Stock Upgrades: Research In Motion Going Places Again
No positions in stocks mentioned.
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