A popular e-card currently doing the rounds puts poor Anne Hathaway, who has suddenly become America’s favorite frenemy, on a par with a bad case of the Mondays
. Yet yesterday — due in no small measure to the Oscar-winning actress — the S&P 500
(INDEXSP:.INX) scored its first Monday gain of 2013. Her luminescent portrayal
of tragic heroine Fantine in Les Misérables
sent Connecticut candle maker Blyth, Inc.
(BTH) surging 7.14%. Deal with it, Hath haters
And those who thought an iffy analyst initiation
(TIF) would send that stock sinking obviously had it backwards — just the way she wears the bling king’s jewelry
. (Also doing well, jumping 2.55% on a Barron’s boost
, was yogurt and bottled water behemoth Danone
(PINK: DANOY), whose Evian really is Naïve spelled backwards.)
(BBRY), whose prior name of Research In Motion cam about after its founder learned how football players used ballet lessons to improve their speed, fell 3.39%. This as Marissa Mayer, the ballet-loving CEO of Yahoo
(YHOO), saw her stock surge 3.46% on an upgrade
. Ah, ballet. Just the sort of beautiful dance discipline designed to take one’s mind off the cut-throat
world of Wall Street and Silicon Valley.
Today’s main economic data is the Institute for Supply Management’s non-manufacturing index for February at 10:00 a.m. Eastern. In earnings action, Deutsche Post
(PINK:DPSGY), Smith & Wesson
(SWHC), Standard Chartered
(PINK:SCBFF), and VeriFone Systems
(PAY) are all expected to release results.
(APOL): Deutsche Bank boosts the University of Phoenix owner, a for-profit educator whose shares have tumbled 61.30% in the past 12 months, to Hold from Sell. Downside is seen as limited at current levels, and its intact price objective is $17.
(DB): The German financial giant gets upgraded to Outperform from Neutral by France’s BNP Paribas.
(EVEP): The oil and gas outfit gets upgraded to Outperform from Neutral at Credit Suisse.
(MTG): The insurance stock, surging some 7.89% before the opening bell, gets an unusual 180 degree (Overweight from Underweight) upgrade at Barclays.
(MSTR): FBR Capital moves the stock to Outperform from Market Perform, increasing its price objective to $140 from $105 in the process. The broker points to good growth prospects, partially due to new cloud-based products.
(RDN): RDN is raised to Overweight from Underweight at Barclays.
(SDRL): Shares are hoisted to Overweight from Neutral at HSBC Securities.
(SSYS): Needham boosts the stock, which surged 7.10% yesterday and is up another 1.21% in this morning’s pre-market trading, to Buy from Hold after solid earnings and anticipated increased operating leverage. Its price objective is $80.
(YHOO): Marissa Mayer’s extended Wall Street honeymoon shows no signs of ending as the Internet outfit, today taken to Buy from Hold at Cantor Fitzgerald, gets its second upgrade of the week. The target, previously $21, is now $26 amid a material re-valuation of its Asian assets and a $1.5 billion share buyback.
(See also: New Stock Coverage: Diana Shipping Stuck in Dry Dock
and Stock Downgrades: Cliffs Natural Resources Still Falling Off a Cliff.
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.