Martha Stewart’s threesome
may have attracted infinitely more attention, but a trio of Fed speakers were indisputably, in the domestic diva’s signature phrase, “a good thing” for equities. Constructive comments from Messrs. Dudley, Lacker, and Powell saw the Dow
(^DJI) record its third straight day of triple-digit gains.
Bethpage, New York-based Cablevision
(CVC) was in the green, surging some 5.58% to top the S&P 500 Index
(^GSPC). Tiger Woods once won the US Open in its hometown
, back when his golf game and personal life were both above reproach. In those days, Accenture
(ACN) could run an irony-free ad staring the serial philander that said, “We know what it takes to be a Tiger
.” Alas the consulting company finds itself in some serious rough this morning, slumping 8.05% as I write. Meanwhile, mortgage rates rose at their fastest pace since April 1987
. What followed six months later wasn’t pretty.
This morning in economics, the Chicago Purchasing Managers Index for May is out at 9:45 a.m. Eastern, followed by June’s final University of Michigan consumer confidence figure at 9:55 a.m. In earnings action, AZZ incorporated
(AZZ), Emmis Communications
(EMMS), Finish Line
(FINL), Research In Motion
(BBRY), and Shaw Communications
(SJR) are all set to release results.
American Superconductor Corporation
(AMSC): The small cap is begun with a Buy at Ascendiant Capital Markets, whose price objective is $3.25 on a stock it says is a way to play wind energy and global electricity grid regulation.
(ANN): Stifel has a Hold on the clothing company formerly known as AnnTaylor.
Black Diamond Inc
(BDE): Roth Capital resumes Neutral-rated research.
Cognizant Technology Solutions Corp
(CTSH): Société Générale covers the company at a Buy.
Cytec Industries Inc
(CYT): The specialty chemicals company is started at Overweight by First Analysis.
(DCO): FBR Capital covers the company at an Outperform, assigning a $26 target price amid impressive diversification efforts and an ongoing upturn in commercial aerospace.
(GME): GME gets begun with a Buy at Bank of America-Merrill Lynch.
HORSEHEAD HOLDING CORP.
(ZINC): Citing the company’s 12% plus free cash flow yield based on its 2015 estimates, Oppenheimer has an Outperform rating. Its price objective is $17.
Infosys Ltd ADR
(INFY): Société Générale has a fresh Hold on the Indian outsourcing and information technology firm.
(MOVE): The Internet information provider is picked up with a Buy at B. Riley & Co.
Nationstar Mortgage Holdings Inc
(NSM): Jefferies has a Hold on the equity.
Palo Alto Networks Inc
(PANW): Shares are set a Perform at Oppenheimer, whose objective is $47.
QR Energy LP
(QRE): Bank of America-Merrill Lynch launches the limited partnership at a Buy.
Tesla Motors Inc
(TSLA): The electric automotive outfit is assigned a Neutral with Wedbush.
Veeco Instruments Inc.
(VECO): The tech stock is a new Neutral with Wedbush.
Verisk Analytics, Inc.
(VRSK): Deutsche Bank establishes coverage at a Buy.
Walter Investment Management Corp
(WAC): Jefferies begins Buy-rated research on WAC.
(See also: Stock Upgrades: High Fives for F5 Networks, Inc.
and Stock Downgrades: Time to Disown Almost Family Inc.
No positions in stocks mentioned.
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