Inspired by the sterling example of Indiana Jones
— who knew all about economics, based on the iconic image of him on horseback at Petra’s Treasury
— stocks celebrated Steven Spielberg’s 66th birthday by stubbornly refusing to fall from the fiscal cliff. Indeed Dow Industrials
(^DJI) enjoyed their first successive triple-digit gains since the summer and our fedora wearing adventurer, who operated in the golden age of radio, will have loved an analyst-related
1.37% advance in Sirius XM Radio
(SIRI), which stands at a fresh 52-week peak. And on the same day Arbitron
(ARB) jumped 23.86% to top the entire NYSE, although alas RadioShack
(RSH) missed out on all the fun, sliding some 7.47%.
It’s quite a light day in economic data, but quarterly earnings announcements are expected out of Accenture
(ACN), Bed Bath & Beyond
(FDX), General Mills
(GIS), Jabil Circuit
(NAV), and Paychex
(ATRS): The small cap is begun with a Buy at Jefferies, whose price objective is $5.
(AVY): Shares are a new Neutral at Citigroup.
(BIDU): Shares are lower this morning after being initiated with a Sell at Maxim.
(MTB): Goldman Sachs starts the stock at a Neutral and has a $105 target price.
: William Blair assigns Overweights on Charles Schwab
(NYSE:SCHW), famous for its “Talk To Chuck” ad campaigns, and TD Ameritrade
(HST): Shares are initiated with a Hold at Sandler O’Neill.
(MNRO): The stock is a Buy at Stifel Nicolau.
(SWN): Société Générale starts the stock at a Buy.
(TGT): Shares are initiated with a Hold at Stifel Nicolaus.
(WSR): The name is a new Neutral at Robert W. Baird.
(YELP): YELP is initiated with a Market Perform at Northland Securities, whose target is $18.
(See also: Stock Downgrades: Plastic Not Fantastic for American Express
and Stock Upgrades: Panera Bread Rolling in Dough
No positions in stocks mentioned.
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