Unless you are Italian
, these are indeed the days of wine and roses in equities. The S&P 500 Index
(INDEXSP:.INX) hit yet another record, ably assisted by a 7.50% surge in 1-800-Flowers
(NASDAQ:FLWS). Flowers Foods
(NYSE:FLO), up 2.87% at a historic high, also merits a mention. The baker recently bought several Hostess assets, and — based on the 121 Twinkies Joey Chestnut just swallowed in six minutes
— remains rolling in dough. A new study showed Monday may be your best day to stop smoking
but someone forgot to tell tobacco titan Lorillard
(NYSE:LO), which began the week by rising 1.92% to a record. Elsewhere, it was a stellar session for anything Zen, with calming Calgon
(NYSE:CCC) and hippy Hain Celestial
(NASDAQ:HAIN) each oddly increasing an identical 1.24%. Good to know, the next time some spiritual guru goes all greedy and decides to sue you for $5 million
This morning the Federal Open Market Committee starts its two-day policy meeting in Washington, DC, with an interest rate announcement expected tomorrow at 2:00 p.m. Eastern. In earnings action, Archer Daniels Midland
(NYSE:ADM), BP plc
(NYSE:BP), Buffalo Wild Wings
(NASDAQ:BWLD), Deutsche Bank
(NYSE:DB), Electronic Arts
(NASDAQ:EA), Gilead Sciences
(NYSE:PFE), 3D Systems
(NYSE:DDD), UBS AG
(NYSE:UBS), US Steel
(NYSE:X), and Yelp Inc
(NASDAQ:YELP) are all due to release results.
A.P. Pharma, Inc.
(OTCBB:APPA): Brean Capital begins Buy-rated research on the micro-cap.
Campus Crest Communities
(NYSE:CCG): Shares are assigned an Equal Weight by Barclays, whose target price is $12.
(NYSE:CBS): The stock is an Outperform at FBR Capital, whose target is $67 amid pricing power and continued cost containment.
(NASDAQ:CTIC): The biotech gets begun with a Buy at Janney.
Cherry Hill Mortgage
(NYSE:CHMI): Barclays covers the company at Overweight, and assigns it a $22 price objective.
(NYSE:DG): The discount retailer is picked up with a Positive at Susquehanna.
(NYSE:GME): Stifel starts the stock at a Buy.
: FBR Capital has Outperforms on Cardinal Health
(NYSE:CAH) and McKesson
(NYSE:MCK). It has a Market Perform and $72 objective on AmerisourceBergen
(NYSE:NLSN): NLSN is a new Outperform at FBR Capital, whose target is $44.
(NYSE:OMC): The ad giant gets begun with an Outperform and $79 target at FBR Capital, which cites potential merger synergies and an attractive valuation.
(NASDAQ:PBPB): The sandwich shop, a red-hot recent initial public offering, is a new Neutral at Goldman Sachs and Robert W. Baird. William Blair, with a Market Perform, expresses similar concern over a premium valuation. However, Piper Jaffray (an appropriate “Overweight” with a $34 price objective) is more upbeat.
: McGraw-Hill Financial
(NYSE:MHFI) and Moody’s
(NYSE:MCO) are each assigned Outperforms at FBR Capital, whose respective price objectives are $81 and $85.
(NYSE:TWTR): Shares haven’t even started trading, but Sterne Agee appears broadly optimistic, saying the stock could potentially be worth as much as $32.
(OTCMKTS:VOLVY): Nomura has a new Neutral on the Swedish car company.
(See also: Stock Upgrades: Can I, Asks Apple? Yes Icahn!
and Stock Downgrades: Hope and Change? Changyou.com Ain’t Seeing It
No positions in stocks mentioned.
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