The S&P 500 Index
(INDEXSP:.INX) snapped a five-session skid, with stocks thus avoiding a lump of coal in their stockings on a day that was all about Diamond
(NASDAQ:DMND), diamonds, and Dimon. (With an honorable mention for Diamondback Energy
(NASDAQ:FANG), which bucked a rating reduction
to end up.) A broker boost
saw the snack stock surge 11.02%, while similarly bullish research
sent diamond seller Blue Nile
(NASDAQ:NILE) up 2.66%. As for JPMorgan’s
(NYSE:JPM) Jamie, he went to Washington in an attempt to hold Holder’s attention
Across the Atlantic, several European equities scored good gains. Clothing company Hennes & Mauritz
(OTCMKTS:HNNMY), from Stieg Larsson’s snowy homeland of Sweden, jumped 6.98% to a fresh best. (Although, trust me, you do not want to be The Girl Who Kicked the Hornet’s Nest
in China right now.) And Vestas Wind
(OTCMKTS:VWDRY), based in nearby Denmark, advanced 7.55% after winning an order for 200 wind turbines in Texas, where they know how to go long wind
Today in economics, analysts expect an uptick in the final University of Michigan/Thomson Reuters consumer sentiment survey for September at 9:55 a.m. Eastern. In earnings action, BlackBerry
(NASDAQ:BBRY), Finish Line
(NASDAQ:FINL), and Vail Resorts
(NYSE:MTN) all released results earlier this morning.
: FBR Capital assigns Market Performs on Masco
(NYSE:MAS) and Simpson Manufacturing
(NYSE:SSD) but is more optimistic on Outperform-rated pair Owens Corning
(OC) and Trex Co.
(NYSE:CYT): The specialty chemicals company is started at Outperform by Oppenheimer. Its target price is $96.
(NASDAQ:NTGR): Raymond James covers the communication equipment company at Outperform.
Nice Systems Ltd
(NASDAQ:NICE): The software stock is a new Outperform with Wedbush.
(NYSE:RCL): A troubled week for cruise companies ends with an upbeat Buy initiation for RCL at Investec. The price target is $46.
(NYSE:SIG): The bling king is a new Buy at Brean Capital.
Sprouts Farmers Market
(NASDAQ:SFM): Susquehanna has a new Neutral, and $40 price objective, on the upscale grocer.
(NASDAQ:SBUX): Pacific Crest picks the company up at Outperform.
(NYSE:WAT): Shares are begun with a Buy rating and $129 objective at Maxim Group, which says it can capture market share in the industrial and applied space.
Western Alliance Bancorporation
(NYSE:WAL): Credit Suisse covers the company at Outperform and establishes a $22 target.
(See also: Stock Upgrades: Nothing but Net Profits for Nike
and Stock Downgrades: Avis Hurt by Hertz Crash
Disclosure: Minyanville Studios, a division of Minyanville Media, has a business relationship with BlackBerry.
No positions in stocks mentioned.
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