On Pay It Forward Day,
equities paid investors back, with even Apple
(AAPL) — the victim of Schadenfreude Wednesday
when no fewer than 17 analysts slashed targets on the tech titan — advancing 0.72% as one researcher reassessed
the pile-on by his peers 24 hours previously.
It was a good day to be brainy, what with redundant confirmation of Einstein’s genius
, dumb money piling into smartphones
, and Akamai
whose name means “intelligent” in Hawaiian — surging 17.71% to top the S&P 500 Index
(^GSPC). (Mind you, Hicks didn’t do too badly either
, as Angie’s List
(ANGI) jumped 28.89% to an historic high.)
And what would you do, when confronted with your own mortality
? Personally, I wouldn’t invest almost $265 million in the utterly dead money that is JC Penney
(JCP), which has tumbled 57.26% in the past 12 months, but by George, the rich really are different from you and me
Today in economics, consensus says April’s University of Michigan consumer sentiment survey will show an improvement at 9:55 a.m. Eastern. Peak earnings week concludes with announcements expected out of Alcatel-Lucent
(ALU), Burger King
(CVX), DR Horton
(DHI), Goodyear Tire
(GT), Honda Motor
(LYB), Total SA
(TYC), VF Corporation
(VFC), and WellPoint
(ETN): Shares are initiated with a Buy at Suntrust Robinson Humphrey.
(SVU): Credit Suisse covers the company at a Neutral.
(NYSEAMEX:TXMD): Jefferies begins Buy rated research on the women’s health care firm.
(XOOM): The provider of online money transfer services is a fresh Neutral at Susquehanna.
(See also: Stock Upgrades: Don’t Throw Bebe Out With the Bath Water
and Stock Downgrades: Anheuser-Busch Set for Friday Night Hangover
No positions in stocks mentioned.
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