April showers put the Dow
(^DJI) back in bloom, even if its key component Caterpillar
(CAT), up 5.3%, has had enough floodwater for all time after the Illinois River crested at 29 feet
by the banks of its Peoria hometown.
On this, the six-month anniversary of Super Storm Sandy
, the Tide was not nearly high enough for Procter & Gamble
(PG), with the detergent maker falling 5.3% in enduring its worst week since 2009. An utterly unloved tech stock, left for dead and seen as an increasingly fuddy-duddy dividend play, surged 6.8% in its best showing of the year. Microsoft
(MSFT)? No, Apple Inc.
(AAPL), which rose by an identical amount.
(NOC) jumped 4.6% in a surging defense sector, and investors were in no hurry to say farewell to arms — unless of the adjustable rate variety
— across the Atlantic either, after England’s own ARM Holdings
(ARMH) advanced 12%.
Today in economics, March pending home sales are forecast to show a pickup from February’s pace at 10:00 a.m. Eastern. On the corporate front, it’s another frenzied week for first quarter earnings with announcements expected out of AVEO Pharmaceuticals
(AVEO), Buffalo Wild Wings
(BWLD), Deutsche Börse
(PINK:DBOEY), Express Scripts
(HLF), J&J Snack Foods
(JJSF), Loews Corporation
(MAS), Newmont Mining
(NEM), and Riverbed Technology
(ANN): BlueFin begins Outperform rated research on the clothing company, formerly known as AnnTaylor.
Dick’s Sporting Goods
(DKS): The athletic apparel retailer is resumed with an Overweight by Barclays, whose analysts wrote in a note that it has “distinguished itself as a consolidator.”
Independent Bank Group
(IBTX): Evercore assigns an Overweight on IBTX.
Madison Square Garden
(NASDAQ:MSG): Credit Suisse covers the New York Knicks basketball owner at Outperform. Shares have surged 57.00% over the past year.
(PCS): Morgan Stanley starts the stock at Equal-Weight.
(NLSN): The provider of TV ratings is itself rated an uninspiring Underperform at Northland Capital, which notes an approaching plateau in both revenue and margin growth. Its price objective is $28.
(SCCO): The commodity company is started with an Outperform at Credit Suisse.
(SWN): Shares are covered with a Buy at Brean Capital.
(See also: Stock Upgrades: Disney Turning 'Iron Man' Into Box Office Gold
and Stock Downgrades: Leap Wireless About to Take Big Step Back
No positions in stocks mentioned.
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