We briefly returned to the 1990s on Monday, that irrationally exuberant era on Wall Street when Dell Inc.
(DELL) gained an astonishing 89,374%
and analysts spent their time and your money hyping money-losing Internet outfits
It was a throwback sort of day, with the fallen PC giant jumping 12.96% to top the entire S&P 500
(^GSPC). And indeed the poorest showing on that particular index was a stock that endured a punk performance during the Dell decade but became a cult company in the 2000s. Yes it was a good day for mom, if not Apple
(AAPL) pie, for she always told us to “Be nice to people on your way up
, because you’ll meet them on your way down
Krispy Kreme Doughnuts
(KKD) rose 4.05% to a fresh 52-week peak. Apparently its sugary sins can cause diabetes, which will shock — shock — Paula Deen
. (Truth be told she has more pressing concerns after Scripps Networks Interactive
(SNI), which hosts her Mashed Potatoes TV show, slumped 1.14% on a ratings reduction
.) And Ben Bernanke said we’re "not out of the woods yet
." Tell Forest Labs
(FRX) all about it; shares are slumping 5.29% before the bell.
Today’s other earnings announcements include Interactive Brokers
(IBKR) and Lennar Corp.
: Recently surging Celgene
(CELG) is boosted to Buy from Neutral at Bank of America-Merrill Lynch, which gives ViroPharma
(VPHM) an identical lift.
(BSX): Shares are hoisted to Outperform from Neutral at Credit Suisse, which is encouraged by its increased top-line visibility and expectations for improving ICD (Implantable Cardioverter Defibrillator) market growth. The target is also taken up, by $1.50 to $7.50, and shares are up sharply in today’s pre-market trading.
(CS): The financial firm gets an Outperform-from-Neutral increase by BNP Paribas.
Green Mountain Coffee Roasters
(GMCR): Argus juices the java giant to Buy from Hold amid optimism over its introduction of the Keurig Vue.
(PINK:IFNNY) BNP Paribas takes the tech name to Outperform from Market Perform.
(OII): OII is increased to Overweight from Equal-Weight at Morgan Stanley.
Maxim Integrated Products
(MXIM): Oppenheimer increases its recommendation to Outperform from Perform, establishing a $38 price target on an outfit it says offers investors exposure to smartphone and tablet growth.
(MLNX): Shares are surging about 5% ahead of this morning’s opening bell on a Buy-from-Neutral boost at UBS.
(PDH): The stock is now Buy from Neutral at Citigroup.
RAIT Investment Trust
(RAS): Shares are raised to Outperform from Market Perform at FBR Capital, which also increases its price objective by $2.50 to $8.00.
(NASDAQ:SYMH): Morgan Stanley moves the Internet security stock to Overweight from Equal-Weight.
(PINK:TNTEY): The package delivery firm, downgraded elsewhere this morning, is moved to Overweight from Neutral at JPMorgan.
(See also: New Stock Coverage: Check In to Hyatt Hotels
and Stock Downgrades: Lululemon Looks Like a Downward Dog
No positions in stocks mentioned.
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