Mr. Smith went to Washington and Mr. Jones
(^DJI) liked what he heard. The Dow rose for a second straight session after FedEx
(FDX) head Fred Smith expressed “cautious optimism
” that our fiscal cliff crisis can be resolved. Apple
(AAPL) snapped back from a slump 24 hours earlier, as Tim Cook gave his first television interview
since Steve Jobs succumbed to pancreatic cancer. A fund raiser for pancreatic cancer preposterously attracted protesting unions
(CVC), even as its stock rose 2.61% on an upbeat analyst assessment
A similarly bullish research recommendation
(SBUX) surging 5.73% to a fresh five-month high. The coffee company may finally pay its fair share of taxes in the land of tea
. This as tax titan H&R Block
(HRB), which itself occasionally forgets what it owes the IRS
, gained 5.12% after announcing impressive Q2 earnings.
Harry Winston Diamond
(HWD) is out with quarterly earnings this morning, while the day’s economic data includes December’s University of Michigan Consumer Sentiment Index at 9:55 a.m. Eastern and October consumer credit at 3:00 p.m.
(AVB): Cantor Fitzgerald reduces the residential REIT (Real Estate Investment Trust) to Hold from Buy and takes its target price to $142 from $157. Slowing growth is cited.
(BRLI): Shares are now Underperform from Neutral at Macquarie after its Q4 earnings miss. The price objective is $25.
(DRWI): DRWI gets downgraded to Hold from Speculative Buy at Canaccord amid likely soft carrier spending levels.
(PINK:GDFZY) Shares are lower in Europe today after HSBC Securities slashed the stock to Underweight from Neutral.
(GPOR): GPOR gets downgraded to Hold from Buy at Stifel Nicolaus amid issues over its valuation.
Marks & Spencer
(PINK:MAKSY) The British retailer is lower in London after getting cut at Goldman Sachs to Sell from Neutral.
(NVS): Morgan Stanley moves the drug stock to Equal-Weight from Overweight.
(OVRL): Shares are now Neutral from Buy at Roth Capital.
(PRU): The firm gets downgraded to Hold from Buy at Sandler O’Neill.
Regal Entertainment Group
(NYSE:RGC) Shares in the cinema operator are sliding before the opening bell on a downgrade to Neutral from Overweight at Piper Jaffray. Concerns include the potential for box office trends to weaken in December. The target is $16.
(TD): TD gets taken to Sector Perform from Outperform at Scotia Capital.
(See also: Stock Upgrades: McDonald's Critics Take a Ribbing
and New Stock Coverage: Fast Money Chases JPMorgan
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.