Amid another “circus” in Washington
, P.T. Barnum was appropriately the only one making money last week, as an erroneous Twitter trade
proved once again the accuracy of the ringmaster’s most famous phrase
. Some stocks did buck a bad tape, with Delta Air Lines
(NYSE:DAL), now up 148.42% in a year, finishing Friday at a fresh best having advanced in nine of its past 10 trading sessions. (It’s apparently so easy, even a nine-year-old can do it
.) Arena Pharmaceuticals
(NASDAQ:ARNA) imploded 16% on worries over its obesity drug but Potbelly
(NASDAQ:PBP) surged 119.79% after going public.
A heroic Medal of Honor recipient
, who fought at the Battle of the Bulge, sadly left us, as indeed did an eminent military author
. In 1994′s Debt of Honor
, Tom Clancy wrote of an airline crashing into the Capitol, preposterous fiction that would become horrifically real seven years later
. Eerily, Burlington Stores
(NYSE:BURL), whose Coat Factory was located near New York’s Ground Zero
, rose 47.12% in its stock market debut last week.
Today in economics, August consumer credit is predicted to expand at 3:00 p.m. Eastern. In earnings action, expect Tower Group
(NASDAQ:TWGP) to release results.
(NYSE:ABB): The European industrial giant gets upgraded to Neutral from Underweight at JPMorgan.
(OTCMKTS:AHEXY): Barclays boosts the stock to Overweight from Equal Weight.
(NASDAQ:AAPL): It is hard to believe that the tech titan’s iconic founder left us two years ago
already, but Steve Jobs would surely be happy to see his long-suffering outfit apparently on the way back. Today it scores a Buy-from-Hold hoist at Jefferies, whose price objective also increases by $175 to $600. Gross margin improvement gives the broker increased grounds for optimism, and shares are bucking today’s terrible overall tape as a result.
(NASDAQ:BBRY): Macquarie moves the tech name to Neutral from Underperform.
Canadian National Railway
(NYSE:CNI): Shares are raised to Outperform from Sector Perform at RBC Capital.
(NASDAQ:CTXS): The tech stock gets taken to Overweight from Equal Weight by Barclays, whose price objective also increases by $8 to $60.
(OTCMKTS:EONGY): BNP Paribas boosts the German utility giant to Outperform from Neutral.
Essex Property Trust
(NYSE:ESS): Shares are given a Buy-from-Neutral upgrade at ISI Group.
(NASDAQ:HAIN): Piper Jaffray juices its rating to Overweight from Neutral.
(NYSE:INFY): The Indian outsourcer is hoisted to Buy from Hold at BNP Paribas.
(NYSE:LAZ): Pointing to improving profit margins, Goldman adds its fellow financial firm to its Conviction Buy List from a prior opinion of Neutral.
(NYSE:HZO): The aquatic outfit is now Buy from Neutral at B. Riley & Co.
(NYSE:MXL): MXL is moved to Outperform from Market Perform at JMP Securities.
(NYSE:RLGY): Goldman Sachs gives the property management firm a Buy-from-Neutral upgrade, sending it up ahead of the open.
(NYSE:SIG): Shares get upgraded to Buy from Hold at Deutsche Bank.
Tate & Lyle
(OTCMKTS:TATYY): Société Générale gives the stock a boost to Buy from Hold.
(NYSE:TISI): TISI is taken to Buy from Hold at BB&T Capital Markets.
(NASDAQ:UMPQ): The regional financial firm is raised to Buy from Neutral at Sterne Agee.
(NYSE:WOR): KeyBanc Capital Markets moves the metal fabrication firm to Buy from Hold.
(NYSE:XL): Evercore increases the insurance outfit to Overweight from Equal Weight.
(See also: New Stock Coverage: Facebook, General Electric, and Garmin
and Stock Downgrades: IBM, Alcoa, and Qualcomm
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