Amid Valentine’s Day celebrations, S&P 500
(^GSPC) stocks started a year with seven straight weekly gains for the first time since the Make Love Not War heyday of 1967. Back then, The St. Valentine’s Day Massacre
was a hit at the box office, but there were no such issues last week, with romantic sunsets proving especially popular as SunPower
(SPWR) surged 44%. Copernicus, an early adopter of solar power and Google (GOOG) doodled this morning
, would approve.
Warren Buffett got into the spirit of Random Acts of Kindness Week
by paying a pretty premium for Heinz
(HNZ), whose baked beans are said to give you gas. (At current prices? You gotta be kidding
.) Handbag man Michael Kors
(KORS) jumped 10.8% and Avon
(AVP) ladies surged 22%. Elsewhere Ameriprise Financial
(AMP) finished at the highest level in its history on Friday, which should even put a smile of its insufferably surly spokesman
No top-tier economic data due today, but earnings announcements are expected out of Allscripts Healthcare
(MDRX), Analog Devices
(ADI), CF Industries
(CF), Dell Inc.
(DELL), Deutsche Börse
(PINK:DBOEY), Express Scripts
(ESRX), Fidelity National Financial
(HLF), Marriott International
(MDT), Newfield Exploration
(NFX), Northeast Utilities
(NU), Sealed Air
(TEX), and Westlake Chemical
: JPMorgan establishes Overweights on Ahold
(PINK:AHONY) of the Netherlands, France’s Carrefour
(PINK:CRRFY), and Tesco
(PINK:TSCDY) of Britain, which has lately been dogged by a scandal involving horse meat masquerading as beef burgers
. Shares are trading higher across the Atlantic this morning as a result of the upbeat assessment. The analyst is less bullish on Neutral-rated Delhaize Group
(NYSE:DEG), while J. Sainsbury
((PINK:JSAIY) and William Morrison Supermarkets
(PINK:MRWSY) are each assigned an Underweight.
(IPG): Piper Jaffray resumes the advertising giant at a Neutral. Its price objective is $11.
(LPDX): The stock is launched with an Overweight at Piper Jaffray.
(MM): Shares are a new Neutral at Piper Jaffray.
(PVH): The clothing company, previously known as Phillips-Van Heusen, is picked up at Outperform by Credit Suisse.
(TTS): Citigroup starts the stock at a Buy.
(See also: Stock Upgrades: Best Buy a Screaming Buy?
and Stock Downgrades: No Ka-Ching for Coinstar
No positions in stocks mentioned.
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