From a praiseworthy Priceline
(PCLN) — up 3.91% for its ninth straight gain — to Nine West owner Jones Group
(JNY), which jumped 7.58% to a fresh 52-week peak, Wall Street’s fat cats clearly love their nine lives. (The imminent return of arch nemesis client number nine
? Not so much.) As the S&P 500
(^GSPC) posted another impressive increase, Ford Motor
(F), newly favored by the Pope
, reached a new multi-year peak. The auto outfit should enjoy the acclaim while it lasts, for it never does. Meredith Whitney, who has gone from a free lunch
to a public grilling
in the space of 48-hours, can attest to that.
There are no top-tier economic reports released today. On the earnings front, expect quarterly announcements out of Helen of Troy
(HELE), Hi-Tech Pharmacal
(HITK), and Wolverine World Wide
Atlas Resource Partners, L.P.
(ARP): JPMorgan launches the limited partnership at a Neutral.
(ADSK): Boutique broker B. Riley has a new Neutral on the tech name.
Franklin Electric Co.
(FELE): FELE is a fresh Outperform with Wedbush.
Oxford Industries, Inc.
(OXM): Roth Capital resumes Buy-rated coverage on OXM, whose brands include Tommy Bahama.
Prestige Brands Holdings, Inc.
(PBH): Shares are begun with a Buy at B. Riley & Co, whose price objective is $38 on an outfit it says has 70% of sales in 14 key labels that they believe are capable of 6% to 8% annual growth. Its brands include Efferdent dentures, Luden’s cough drops, and Dramamine motion sickness products.
(SCTY): Maxim Group has a hold on the alternative energy outfit.
: Piper Jaffray picks up Seagate Technology PLC
(STX) at a Neutral and has a new Overweight on Western Digital Corp
(VSTM): Cantor Fitzgerald covers the company at a Buy and assigns it a $22 target price. Catalysts include the potentially imminent start of a Phase II trial to treat mesothelioma with VS-6063.
(See also: Stock Upgrades: Hewlett-Packard Company Continues Its Impressive Turnaround
and Stock Downgrades: Run From the Robots of Intuitive Surgical, Inc.
No positions in stocks mentioned.
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