Gold, which followed up its worst quarter since 1920 by falling another 3.1% last week, is in intensive care. Goldilocks, however, remains alive and well. A not too hot, not too cold employment report
ensured that the Dow
(^DJI) enjoyed its holiday-shortened activity, rising 1.52% to go back above 15,000. As the open road called vacationing Americans, Ford
(F), home of the Model T, advanced 8% to its highest in over two years and Tesla Motors
(TSLA), home of the Model S, gained 11.9% to an historic best.
(NATH) wrapped up the highest calorie week in its history
with a 10.53% advance, finishing Friday at a fresh peak. Fitness buffs fear not, for gym giant Nautilus Group
(NLS) gained 10.84% even as a gym teacher was spotted wearing the same clothes for 40 years
. And Heineken
(HKHHF), sponsor of Skyfall starring James Bond
, slumped on a ratings reduction
. Meanwhile the sky continues to fall in on bonds, with US Treasury yields now standing at two-year highs.
Today in economics, May consumer credit is forecast to expand at 3:00 p.m. Eastern. On the earnings front, Alcoa
(AA) unofficially ushers in Q2 reporting season when it releases results after the close. Expect announcements also out of Bank of the Ozarks
(CRWG), Mercury Systems
(MRCY), Synergy Resources
(SYRG), and WD-40
Alexza Pharmaceuticals, Inc.
(ALXA): Shares are set an Outperform at JMP Securities.
Emerson Electric Co.
(EMR): Crédit Agricole covers the company at Outperform.
Famous Dave’s of America, Inc.
(DAVE): Shares are a fresh Buy at Dougherty.
(MD): MD is a fresh Market Perform with Wells Fargo.
Nintendo Co., Ltd (ADR)
(NTDOY): The Japanese consumer electronics giant, which has given the world such video game icons as Super Mario Brothers and Teenage Mutant Ninja Turtles is assigned a Buy at Jefferies.
Olympic Steel, Inc.
(ZEUS): Credit Suisse rolls out Neutral-rated research on the company.
(RGLD): RGLD is resumed with an Outperform at Cowen, which says it is primed to take advantage of any increase in the price of bullion.
Sandstorm Gold Ltd.
(SAND): Shares are launched with an Outperform at Cowen, which highlights the commodity company’s impressive operating margins and manageable capital expenditures.
(SNTS): JMP Securities begins the biotech at Outperform.
Twenty-First Century Fox Inc
(FOXA): Sterne Agee starts the recent spin-off at a Buy.
(See also: Stock Upgrades: Priceline.com Inc Is Going Places
and Stock Downgrades: Unpleasant Surprise Inside for Intel Corporation
No positions in stocks mentioned.
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