The Fed head failed to move markets much yesterday, so let’s hope birthday boy Ben Bernanke
helps us party like a rock star today. (Or rather Rockstar
, assuming he owns stock in Take-Two Interactive
(TTWO), which makes the game and gained 2.58% on an analyst upgrade
(^DJI) snapped a five-day winning streak but money talked at Dolby Labs
(DLB), with investors liking what they heard after the surround sound king jumped 2.37%. Alas no one was Listening To Prozac
after Eli Lilly
(LLY), which produces the depression drug, dropped 3.16%.
Today’s quarterly earnings announcements are expected to include Adobe
(HOV), Pier 1 Imports
(ZQK), and Verifone
(AVGO): Shares are upgraded to Buy from Neutral at Goldman.
(BGS): The stock is taken to Outperform from Sector Perform at RBC Capital.
(CRL): CRL is upgraded to Outperform from Market Perform at Wells Fargo.
(DRC): Shares are now Positive from Neutral at Susquehanna.
(LLY): LLY, a poor performer yesterday, is this morning lifted to Neutral from Underperform at Cowen, which has increased confidence in solanezumab development.
(NYSE:HBC) The company, which on Tuesday paid a record $1.92 billion to settle a money-laundering probe, is upgraded to Buy from Hold at Deutsche Bank.
(MCHP): MCHP is moved to Neutral from Sell at Goldman.
RF Micro Devices
(RFMD): Shares are raised to Overweight from Equal-Weight at Barclays.
(TSO): TSO is taken to Outperform from Neutral at Credit Suisse.
(VRA): Shares are upgraded to Buy from Hold at Jefferies.
(YUM): The stock is upgraded to Buy from Neutral at Goldman ahead of a potential turnaround in China. The target is $77.
(See also: Stock Downgrades: Olive Garden Owner Darden Restaurants Evicted From Eden
and New Stock Coverage: Green Mountain Coffee Not Worth Hill of Beans?)
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.