Equities partied like it was 1999 as the Nasdaq
(INDEXNASDAQ:.IXIC) hit its highest level since 2000, the year a Damascus dictator named Assad died to spawn hopes of a new dawn in Syria. (That one is not working out so well.) Among stocks on the move, cosmetics company Estèe Lauder
(NYSE:EL) advanced 2.83% on an analyst upgrade
. Clearly, as illustrated in that remarkable recent photo of a fair maiden in Lebanon applying lipstick amid the wreckage of a car bomb
, a girl’s still gotta look good even as Middle Eastern storm clouds amass.
Elsewhere, trading in Activia owner Danone
(OTCMKTS:DANOY) was highly irregular, dropping even on an enormous up day in equities. This after a rating reduction
on the maker of Greek Oikos yogurt, hitherto about the only thing giving Athens hope but now under increasing attack
(NYSE:VZ), which tumbled 2.2% last week, dropped a Dow
(INDEXDJX:.DJI)-worst 0.93% yesterday. Ever since its Vodafone
(NASDAQ:VOD) deal, it has been a case of "Après moi, le déluge" for the telecom titan badly hit by Superstorm Sandy
. At least it is now preparing for the next thousand-year flood with 100-year bonds
No top-tier economic data due today, but Restoration Hardware
(NYSE:RH) and Texas Instruments
(NASDAQ:TXN) are each expected to announce earnings.
(NYSE:ADC): The property manager is picked up with a Buy at Janney.
Bank of Ireland
(NYSE:IRE): Société Générale starts its fellow financial firm at a Sell.
Blackstone Mortgage Trust
(NYSE:BXMT): Shares are a new Outperform at JMP Securities, whose price target is $27.50.
C&J Energy Services
(NYSE:CJES): The oil and gas company gets covered at an Overweight by Barclays.
(NASDAQ:CSII): Benchmark Company starts the stock with a Speculative Buy, assigning a $26 target price amid optimism over its Stealth 360 catheter platform to treat plaque problems.
(NYSE:HAE): Shares are begun with a Buy at Benchmark Company, whose price objective is $49.
(NASDAQ:ILMN): The biotech is assigned an Outperform with Wells Fargo.
(NASDAQ:IRBT): Susquehanna starts the surgical stock with a Positive assessment.
(NYSE:NSM): NSM is a new Outperform at Oppenheimer.
Sprouts Farmers Market
(NASDAQ:SFM): The recent initial public offering gets launched with an Underperform at Bank of America-Merrill Lynch and Neutral by both Goldman Sachs and UBS.
: Extra Space Storage
(NYSE:EXR) and Sovran Self Storage
(NYSE:SSS) are each started at Outperform by Macquarie.
(See also: Stock Upgrades: E*TRADE Babies Enjoy Mother of All Rallies
and Stock Downgrades: D.R. Horton Hears a Boo
No positions in stocks mentioned.
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