(^DJI) hit its highest level since October 15, 2007, an idyllic age so distant that the day’s headlines centered on how “magical” Greece was
(JPM), up 3.53%, bested all blue chips. I guess it’s hard to be humble
when you’re that good, although Jamie’s arrogance with Mayo didn’t pass muster with many.
A beloved LinkedIn (LNKD)
enjoyed its Mountain View, surging 6.83% to an historic peak, which should please that chap whose profile declared, “My goal is world domination of the military industrial complex
.” Speaking of, while US January durable goods showed a startling 45.7% drop in defense-related aircraft orders, our Nobel Peace Prize-winning allies across the Atlantic
basked in a 7.58% surge in arms maker and defense contractor European Aeronautic Defence and Space Company
(PINK:EADSY), which now stands at its loftiest since going public in July 2000.
And the Frenchman who inspired Occupy Wall Street passed away
. His last day on Earth, twenty-four hours previously, saw Titan International
(TWI) fall 15.2% on an otherwise big up day in equities. Poetic justice for all Parisian anti-capitalists
Today in economics, analysts expect a slight slippage in the Chicago Purchasing Managers Index for February at 9:45 a.m. Eastern. In earnings action, Ahold
(PINK:AHONY), Barnes & Noble
(GPS), Iron Mountain
(MCP), Palo Alto Networks
(PANW), Royal Bank of Scotland
(RBS), and Sears Holdings
(SHLD) are all due to report results.
(AINV): The stock is assigned a Buy at UBS, whose target price is $10.
(NASDAQ:EBAY): BMO Capital beings Buy rated coverage on the online auctioneer, whose wholly owned PayPal unit is capturing a growing share of global business. Its price objective is $64.
(FIO): Mizuho has a fresh Buy on FIO and assigns a price objective of $22. Upside is expected to fiscal 2014 earnings estimates and a takeover at a hefty share-price premium cannot be entirely ruled out either, in the broker’s assessment.
(RHT): Shares are a new Overweight at Barclays.
(REGN): Barclays resumes Overweight rated research on REGN.
(VMW): The tech stock is picked up with a Hold at Stifel Nicolaus.
(See also: Stock Upgrades: The Earth Just Moved for Joy Global
and Stock Downgrades: Groupon Is Thursday’s Disaster du Jour
No positions in stocks mentioned.
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