The House Speaker’s complaint of leaky phone calls
certainly assisted liquid assets in the telecom sector, yesterday’s standout performer with a gain of 0.9%. All that hot air over Washington also clearly helped Disney
(DIS), which rose 1.06% even as a helium shortage forced it to stop selling Mickey Mouse balloons
. Its Anaheim neighbor Pacific Sunwear Of California
(PSUN) added 12.50% amid accumulating evidence
that the Sunshine State’s future is indeed bright enough to warrant ware shades
, in the words of an iconic ’80s song. And Guess Inc.
(GES), which was similarly big back in the Reagan era
, went Back to the Future
with an upgrade-inspired 11.94% increase.
Today in economics, analysts project a slight uptick in November’s Chicago Purchasing Managers Index at 9:45 a.m. Eastern. On the earnings front, results are expected out of Genesco
(GCO), Star Bulk Carriers
(SBLK), United Natural Foods
(UNFI), and WhiteWave Foods
(ACTV): Shares are boosted by an unusual 180 degrees, to Buy from Underperform, at Bank of America-Merrill Lynch, which cites an attractive valuation. Its price objective is $9.
(BELFB): Saying that restructuring should yield further margin improvement, Needham boosts the name to Buy from Hold with a target of $19.
(NYSE:CAG): CAG gets upgraded to Buy from Hold at Jefferies, which is optimistic about its pending purchase of Ralcorp
(RAH). The target is taken to $35 from $29.
(LMT): Shares are lifted to Fair Value from Sell at CRT Capital, which cites a compelling dividend yield.
LVMH Moët Hennessy Louis Vuitton
(PINK:LVMUY): The stock is up in London on an upgrade by Goldman Sachs to Buy from Neutral.
St. Jude Medical
(STJ): Shares are moved to Buy from Neutral at Mizuho, which expects February 2013 investor meeting to be a share price catalyst
Ulta Salon Cosmetics & Fragrance
(ULTA): The name is now Outperform from Market Perform with Wells Fargo.
(See also: New Stock Coverage: Viagra Maker Pfizer Boosted by Love and Other Drugs
and Stock Downgrades: Yum Brands Banished From the Menu
No positions in stocks mentioned.
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