No pregnant pause for this mother of all bull markets, with both the Dow
(INDEXDJX:.DJI) and S&P 500
(INDEXSP:.INX) now on their best winning streak for nine months. This as China announced an easing of its “one-child” policy and Zulily
(NASDAQ:ZU), an e-commerce company catering to moms and kids, jumped 88.50% in its initial public offering to top the Nasdaq
(INDEXNASDAQ:.IXIC) on Friday. US stocks are now up for six straight weeks but oil is down for an identical period, petroleum’s punkest performance since December 1998. That was famously the month of free lunches for tech investors, with Henry Blodget — whose midday meal now costs $141.94
— saying Amazon.com
(NASDAQ:AMZN) would go to $400, and in the very week that Barron’ s
anointed rival Mary Meeker of Morgan Stanley
(NYSE:MS) -- which just turned more bearish on web stocks
— the “Queen of the Net.” Changed days, indeed. Well, yes and no. Money-losing online outfits are still defying logic and gravity — Twitter
(NYSE:TWTR) jumped 5.6% on its first full week of trading — but now, at least, some researchers have the courage to say “Sell.” If stocks are shortly to blow up in our faces, at least Macy’s
(NYSE:M) — whose Turkey Day parade makes it the second largest consumer of helium after the US government, which doesn’t need any more hot air — rose 10.63% to a record.
There isn’t any top-tier economic data to move US markets today but, as far as specific stocks are concerned, Jacobs Engineering
(NYSE:JEC), Mazor Robotics
(NASDAQ:MOBI), and Tyson Foods
(NYSE:TSN) are all due to announce quarterly earnings.
(NASDAQ:CYBX): Citigroup covers the company at a Buy.
Gaming and Leisure Properties
(NASDAQ:GLPI): Shares are a new Neutral at Credit Suisse.
(NYSE:HES): Oil outfit Hess Corp is assigned an Overweight at Atlantic Equities. Its price objective on Hess Corp. is $95.
(NASDAQ:OVRL): Needham has a new Hold on Overland Storage. Cost synergies at Overland Storage are somewhat balanced out by issues over sales execution.
(NYSE:SGM): Shares are an Outperform at FBR Capital, whose target price is $21. The company can benefit from an ongoing movement to non-bank originators, in the broker’s estimation.
(NYSE:TWTR): “Sell,” the four-letter word that normally does not speak its name among ever-optimistic equity analysts, is the recommendation regarding Twitter with Wunderlich. Valuation concerns loom large, with the brokerage noting that Twitter currently trades at a premium to peers. Its objective on Twitter is $34.
(See also: Stock Upgrades: Radware Is Totally Awesome
, and Stock Downgrades: Miserable Monday for Microsoft
No positions in stocks mentioned.
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