Until someone finally wins that elusive $475 million jackpot
, Wall Street will do just fine. Another day, another new record for the Dow
(^DJI), though there were still some losers amid the inexorably rising tide in equities. The hedge fund honcho who just called this a “My Cousin Vinny market
” must have had Marisa Tomei’s memorable Deere (DE) monologue
in mind, for the tractor titan suffered a similarly gruesome fate in falling 4.40%.
Trading was also murder on Orient-Express
(OEH), which imploded 1.47% even after being boosted by Barron’s
. It owns the 21 Club, which opened as a speakeasy in 1922, the year The Great Gatsby
was set, and moved to its current location in 1929, the year his opulent era came crashing down. Can history repeat? Yes, it Cannes
This morning in economics, analysts forecast an improvement in May’s Philadelphia Fed Index at 10:00 a.m. Eastern. Quarterly earnings announcements continue to roll in, with retailers coming increasingly to the fore. Today’s results are expected to include Applied Materials
(ADSK), Brady Corp.
(BRC), Flowers Foods
(FLO), JC Penney
(JCP), Kohl’s Corp.
(KSS), Marvell Technology
(JWN), Prestige Brands
(PBH), TalkTalk Telecom
(WMT), and Zumiez
Alcohol Stocks: Beam Inc.
(BEAM), Constellation Brands
(STZ), and Molson Coors Brewing
(TAP) ($60 target price) all get Buy-from-Hold boosts at Stifel.
Beazer Homes USA
(NYSE:BZH): The stock is boosted to Buy from Fair Value with a $29 price objective at CRT Capital. Operational improvements and better market conditions each augur well, the broker believes.
(CNW): The transportation company gets a Hold-from-Underweight hoist at BB&T Capital.
(BUSE): Keefe Bruyette raises the regional bank to Market Perform from Underperform.
(F): Amid an improvement in the car company’s European operations, Craig-Hallum boosts the stock to Buy from Hold.
(OTCMKTS:GXYEY): Shares get juiced to Hold from Sell at Jefferies after earnings.
Palo Alto Networks
(PANW): Morgan Stanley moves the stock to Overweight from Equal-Weight, sending it up ahead of the open.
(ROSE): Shares are lifted to Outperform from Market Perform with Wells Fargo.
(SPWR): Shares are upgraded to Outperform from Neutral at Cowen.
(OTCMKTS:TYEKF):The German conglomerate gets upgraded to Buy from Hold at Société Générale.
(See also: New Stock Coverage: Stillwater Pockets Run Deep
and Stock Downgrades: SodaStream Up Creek Without Paddle?
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.