Europe and the United States are currently at loggerheads
but the four-day workweek, that quintessential continental invention, got off to a profitable start in America. The Dow
(^DJI) and S&P 500
(^GSPC) are entitled to take Independence Day off after having now risen in four of the past five sessions. Citizens of the City by the Bay were grounded by a transit strike
, but San Francisco’s Onyx Pharmaceuticals
(ONXX) was its own money train with a 51.27% surge.
Seinfeld‘s Junior Mints are in good hands
with parent company Tootsie Roll
(TR) rising 4.15% to a fresh peak. Cyberspace was all atwitter with women’s scowls
, yet “Old Gray Lady” the New York Times
(NYT) — up 5.79% to a new best — was all smiles, and a New Girl
similarly made Netflix
(NFLX) — a 6.25% gainer — very happy.
Today in economics, factory orders for May are out at 10:00 a.m. Eastern. On the earnings front, expect announcements from Acuity Brands
(AYI), Constellation Brands
(STZ), Greenbrier Companies
(GBX), and Zep, Inc.
BURBERRY GROUP PLC
(BURBY): The upscale English fashion firm is trading sharply higher in London today on the back of an Overweight-from-Neutral increase at HSBC Securities.
Eastern Virginia Bankshares, Inc.
(EVBS): Shares are boosted to Outperform from Market Perform by Keefe Bruyette.
JPMorgan Chase & Co.
(JPM): Raymond James juices the company, a key Dow
(^DJI) component, to Strong Buy from Outperform. The price target, previously $55, increases to $64 amid earnings power and the “London Whale” fallout receding.
Las Vegas Sands Corp.
(LVS): The casino company gets lifted to Buy from Neutral at ISI Group.
MICHELIN CIE GEN DES
(MGDDF): UBS takes the French tire firm to Buy from Neutral, sending it up about 2% in Paris this morning. Light-vehicle tires offer particular promise, the broker believes.
PetroChina Company Limited (ADR)
(PTR): The stock gets upgraded to Overweight from Underweight at HSBC Securities.
(ZQK): B. Riley raises the retailer to Buy from Neutral with a price objective of $9.25. Catalysts include an impressive new management team, including highly respected CEO Andy Mooney.
Rowan Companies PLC
(RDC): The oil services outfit gets raised to Buy from Neutral at Citigroup.
Seagate Technology PLC
(STX): STX is taken to Equal Weight from Underweight by Barclays.
(See also: Stock Downgrades: Writing Is on the Wall for A.T. Cross Company
and New Stock Coverage: Ruckus Wireless Inc Gets Ready to Rumble
No positions in stocks mentioned.
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