The man who accurately predicted the death of equities
in 1987 sadly left us last week even as Argo
, centered eight years earlier when the demise of equities
proved to be extraordinarily premature, won best picture.
The death of personal computers, the subject of a much more recent cover story
, is certainly taking its sweet time, to judge by a 14% jump in industry giant Hewlett-Packard
(HPQ). Sandstorm Gold
(SAND) sank 13% as the precious metal tumbled 2.26% to settle at a seven-month low. There were, however, some Silver Linings
to be found for bullion, for it ended the week being fondled by the hottest woman in Hollywood
. (In my next life, I’m coming back as a gold plated, 13-and-half-inch, 8.5 pound man named Oscar.)
(EKDKQ), now in bankruptcy, is no longer emblazoned on the Academy Awards theater
and with digital camera king Shutterstock
(SSTK) surging 17.15% on Friday to a fresh-52 week peak, it isn’t hard to see why. Diamond thieves split quickly
after a heist and Dimon, Jamie was urged to do the same
No top-tier economic data due today, but earnings announcements are expected out of Autodesk
(ADSK), Caesars Entertainment
(CZR), 3D Systems
(PSO), and URS Corporation
(AKAM): Macquarie moves the stock to Outperform from Neutral with a $42 price objective. The broker says a recent stock price sell-off represents a good buying opportunity.
(BUD): The brewing behemoth is now Neutral from Reduce at Nomura.
(ATLS): Robert W. Baird takes ATLS to Outperform from Perform and increases its price objective to $45 from $43. It is encouraged by higher than expected 2013 distribution guidance.
(CMI): The company gets added to Goldman Sachs’ list of Conviction Buys.
(FCN): Shares are now Outperform from Market Perform at Northland.
(OXY): OXY is upgraded to Outperform from Market Perform at Raymond James.
Pan American Silver
(NASDAQ:PAAS): The commodity company gets a Buy-from-Hold boost at Canaccord, which also takes its price objective up to $23.50 from $22. A strong balance sheet, financial discipline, and exploration and production opportunities are all viewed as favorable factors for the equity.
Paper & Packaging
: International Paper
(IP) and Rock-Tenn
(RKT) are each moved to Overweight from Neutral at JPMorgan.
(PRGO): UBS hoists the healthcare outfit to Buy from Neutral, sending it up sharply ahead of the open.
(SWY): The supermarket stock, fresh from an earnings-related surge last week, is lifted to Neutral from Underperform at Bank of America-Merrill Lynch.
(BID): Brokerage Craig Hallum increases the auction house to Buy from Hold amid continued strength in the contemporary art market.
(GWN): Goldman adds the equity to its Conviction Buy list.
(TSS): TSS is taken to Outperform from Market Perform at Raymond James.
(VMW): Citing an increasingly compelling valuation, Citigroup takes the tech name to Neutral from Sell with an intact price objective of $75.
(WBMD): The stock, which surged 25.40% on Friday to top the Nasdaq
(^IXIC), today gets a substantial Strong Buy-from-Market Perform ratings raise at Raymond James.
No positions in stocks mentioned.
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