All eyes may have been on the Super Bowl, but it was the Fed’s continued refusal to remove the punch bowl that proved more pertinent in moving markets higher for a fifth straight week. Research in Motion, now known as BlackBerry
(BBRY) advertised in the big game
yet tumbled 26.83%.
It’s fruitless to play Monday morning quarterback on the stock however, since it just scored an analyst upgrade this Monday morning. As indeed did Mercedes-Benz owner Daimler
(PINK:DDAIF), its Kate Upton ad
reaping immediate rewards. This morning in economics, factory orders for December are due at 10:00 a.m. Eastern.
About half of the S&P 500
(^GSPC) companies have now announced earnings, with today’s results are expected to include Anglo American Platinum
(PINK: AGPPY), Clorox
(HUM), Leggett & Platt
(LEG), Royal Caribbean Cruises
(RCL), Sysco Corporation
(SYY), and Yum Brands
(NASDAQ:BBRY): The company, known until today as Research In Motion, is raised to Outperform from Perform by Sanford Bernstein, which also raises its price target by $10 to $22. Pent-up demand and favorable distributor feedback are both seen as tailwinds, and shares are up sharply before the opening bell, boosted by both the upgrade and a positive shout-out in Barron’s
(PINK:DDAIF) HSBC Securities lifts the luxury German automaker to Overweight from Neutral.
(FDX): Shares are added to the US 1 List at Bank of America-Merrill Lynch.
(BEN): Keefe Bruyette boosts BEN to Outperform from Market Perform.
(GOOG): GOOG gets downgraded to Market Perform from Outperform by BMO Capital Markets.
Mead Johnson Nutrition
(MJN): Goldman Sachs adds the company to its list of Conviction Buys.
(NSC): Dahlman Rose raises the railroad to Buy from Hold, assigning an $82 price objective.
(PETM): Shares are added to US 1 List at Bank of America-Merrill Lynch.
(SRE): Shares are moved to Overweight from Neutral at JPMorgan.
(STO): STO is now Neutral from Underweight at JPMorgan.
St. Jude Medical
(STJ): Credit Suisse moves the medical device maker to Outperform from Neutral.
(PINK:SZEVY) Shares are surging in Europe today after an Overweight-from-Neutral hoist at HSBC Securities, which highlights a better business backdrop.
(TKR): Bank of America-Merrill Lynch takes TKR to Buy from Neutral.
(TSN): Heartened by increasing demand in China, Crédit Agricole takes the poultry processor to Buy from Underperform. The target price is also increased, by $10 to $30.
(WU): Deutsche Bank takes the money-transfer titan to Buy from Hold.
(YHOO): The tech firm is now Buy from Hold with a $25 price objective at Stifel Nicolaus, which highlights increased valuation for it Asian assets.
(See also: New Stock Coverage: Sprint Stuck in the Starting Block
and Stock Downgrades: Bear Hug For Hershey’s Kisses
No positions in stocks mentioned.
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