US markets surged, with stocks hitting fresh highs after being inspired by a new economy icon whose headquarters are on San Francisco’s Market Street. But enough about an upgraded OpenTable
(NASDAQ:OPEN), which jumped 12.41%, for it is actually quaint enough to make money. No, today is all about Twitter
(NYSE:TWTR), its red ink-bleeding, bluebird neighbor up the block. The Dow
(INDEXDJX:.DJI) reached its 33rd record of the year, led by a 4.20% gain in Microsoft
(NASDAQ:MSFT). That advance took the stock to levels not seen since July 2000. (To give you a sense of how long ago that was, that month’s headlines expressed shock -- shock that our own National Security Agency was spying on innocent old Europe
.) Not all equities shared in the ebullience. Malibu-based toy titan JAKKS Pacific
(NASDAQ:JAKK) slid 6.97%, this with the rent already too darn high
in the upscale California coastal community. (To cut costs, dude can always couch surf with its resident Barbie
, if Ken allows it.) And elsewhere in the Golden State, in case you haven’t heard, Twitter’s
(NYSE:TWTR) azure-hued feathered friend is set to soar today, after pricing its initial public offering at $26 per share. To quote a current movie title, Blue Is the Warmest Color
. Just don’t expect to find the film at Blockbuster
In terms of today’s economic events that may move US markets, September consumer credit is expected to show a contraction at 3:00 p.m. Eastern. Regarding specific stocks, Annie’s
(NYSE:APA), Arena Pharmaceuticals
(NASDAQ:ARNA), Beazer Homes
(NYSE:BZH), Crédit Agricole
(NASDAQ:PCLN), Rocket Fuel
(NYSE:SI), Walt Disney
(NASDAQ:DIS), and Wendy’s
(NASDAQ:WEN) are all due to announce earnings.
American Eagle Outfitters
(NYSE:AEO): American Eagle Outfitters, whose shares are surging before the bell, are boosted to Buy from Hold at Brean Capital. Margins are improving at American Eagle Outfitters, an adolescent-focused clothing company.
(NYSE:FBC): Shares are now Buy from Neutral at Compass Point, whose price objective increases to $20 from $15.50. The bank is working with Fannie Mae
(OTCBB:FNMA) to put loan issues behind it.
(NASDAQ:AWAY): Raymond James raises its recommendation to Strong Buy from Outperform.
(NYSE:PH): The stock is juiced to Buy from Hold at Jefferies.
(NASDAQ:FUEL): Rocket Fuel gets increased to Outperform from Perform at Oppenheimer. Rocket Fuel is a digital advertising outfit.
(NASDAQ:SYNA): JPMorgan moves the tech name to Overweight from Neutral.
Two Harbors Investment
(NYSE:TWO): TWO is taken to Buy from Neutral at Sterne Agee.
(NYSE:WSM): Williams-Sonoma gets hoisted to Buy from Hold at BB&T Capital. The stock of Pottery Barn owner Williams-Sonoma has risen 13.34% in the past 12 months.
(See also: New Stock Coverage: Time to Put Your Nest Egg in Twitter?
and Stock Downgrades: A Little Bird Tells Me the Canary Just Ate Caterpillar
No positions in stocks mentioned.
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