Stocks endured a tumultuous time of it after being blindsided by a bald man with a white beard. But enough about Walter Mossberg
. Ben Bernanke sent the Dow Average
(INDEXDJX:.DJI) to a fresh peak last week after the Fed he heads unexpectedly opted not to end its bond-buying binge. Among equities on the move, Destination Maternity
(NASDAQ:DEST) rose 1.15% on Friday to finish at the highest level in its history. (With one market sage erroneously predicting a “tiny taper
” in September and another indicating that a “small taper
” may come in October, getting a little bit pregnant was evidently all the rage.)
"Fans camped outside for days in anticipation
," said the New York Times
(NYSE:NYT) -- and not because of Apple Inc.
(NASDAQ:AAPL), but rather to mark the passing of a giant at Nintendo
(OTCMKTS:NTDOY). The "newspaper of record” once mistakenly claimed, "A rocket will never be able to leave the Earth’s atmosphere.
" Rocket Fuel
(NASDAQ:FUEL), which rose 93.45% to top the Nasdaq
(INDEXNASDAQ:.IXIC) on Friday, may beg to differ.
There isn’t any top-tier economic data due today, but Red Hat
(NYSE:RHT) is expected to announce its quarterly earnings.
(NYSE:AEP): Shares are moved to Outperform from Market Perform with Wells Fargo.
(NASDAQ:BBRY): Credit Suisse takes the tech stock to Neutral from Underperform following Friday’s 17.06% share price slump. (Note that the stock simultaneously suffered ratings reductions this morning.)
(NYSE:GFI): The commodity company gets upgraded to Neutral from Sell at Citigroup.
(NYSE:ING): Shares are now Neutral from Outperform at BNP Paribas.
(NASDAQ:MXIM): Goldman Sachs upgrades the equity to Conviction Buy from Neutral.
(NASDAQ:MCBI): The regional financial firm is moved to Outperform from Market Perform by Keefe Bruyette.
(NASDAQ:OTEX): Credit Suisse raises its recommendation to Neutral from Underperform.
(NYSE:NOK): There’s no stopping this surging stock, which is now Neutral from Underweight at HSBC Securities.
(NYSE:RM): FBR Capital raises the credit services company to Outperform from Market Perform, increasing its price objective by $5 to $33. Good growth and profitability are each cited.
(NYSE:SHW): The paint and coating powerhouse is now Outperform from Neutral at Credit Suisse.
(NYSE:TW): Shares are boosted to Buy from Hold at Deutsche Bank, whose target price is hoisted to $125 from $93.
(NASDAQ:TRIP): Praising the company’s amended advertising model, Stifel Nicolaus takes TRIP to Buy from Hold.
(NYSE:WAG): Morgan Stanley moves the recently-surging stock to Overweight from Equal-Weight.
(NYSE:ZMH): RBC Capital Markers moves the medical device maker to Outperform from Sector Perform.
(See also: Stock Downgrades: Rude Awakening for DreamWorks Animation
and New Stock Coverage: Stratasys Stock Going Through the Stratosphere
Disclosure: Minyanville Studios, a division of Minyanville Media, has a business relationship with Bl
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.