The S&P 500 Index
(^GSPC) ended off all of 0.03% last week, its most minuscule percentage move since October 2010. This may sound mighty boring, but Don Draper would no doubt encourage investors to “Think Small
.” Not only was that slogan rated the single best advertising campaign of the 20th century, but the firm that created it was just involved in a $35.1 billion industry mega-merger. (And for good measure Volkswagen
(VLKAY), whose Beetle benefited enormously from the iconic copy, is today begun with a bullish “buy” rating.)
Among stocks that bucked the lackluster action in spectacular fashion, a lauded Facebook
(FB) surged 31%. That was its Best Week Ever
, to quote a show which arrived on the scene as did the social networking name in 2004. Faring less well was Ruby Tuesday
(RT), which nose-dived 19.92% — surely no way to honor a knight of the realm, who once wrote a famous song of the same name, in the week he turned 70
. Tears, crocodile or otherwise, were shed for Crocs Inc
(CROX) as it tumbled 20.48%. This as a beleaguered hedge fund honcho defiantly declared, “It’s my party, and I’ll cry if I want to
Today in economics, June pending home sales are out at 10:00 a.m. Eastern. On the earnings front, expect announcements out of Anadarko Petroleum
(APC), Caesars Entertainment
(DANOY), Express Scripts
(ESRX), Franklin Resources
(BEN), Hartford Financial
(HTZ), Plum Creek Timber
(RYAAY), Vertex Pharmaceuticals
(VRTX), and Wynn Resorts
(RPRX): Brean Capital resumes Buy-rated research on RPRX.
3D Printing: Stratasys
(SSYS) and 3D Systems Corporation
(DDD) are each begun with Buys at Brean Capital.
(VSTM): Jefferies begins Buy-rated research.
(VLKAY): Shares of the German auto giant are up in Europe today after Berenberg began coverage at a Buy.
(See also: Stock Upgrades: Publicis Groupe Gets Plaudits as Wall Street Goes Gaga for Madison Avenue
and Stock Downgrades: More Misery for Microsoft Corporation
No positions in stocks mentioned.
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