This is the single busiest day of 2013 for the post office
, but last week, Wall Street’s recently reliable check was lost in the mail. (Electronic versions fared little better, with Marissa Mayer having to say the hardest word
(NASDAQ:YHOO) digital missives went walkabout once again.) Investors went postal after the S&P 500 Index
(INDEXSP:.INX) dropped for a second straight week and, if you were looking for messenger pigeons to deliver the goods in Ireland
, you were similarly all out of luck. Up north, an article with the dateline “Waterloo, Ontario”
declared that Canada’s postal service would cease home delivery. Waterloo’s own BlackBerry
(NASDAQ:BBRY), which tumbled to a 10-year trough on Tuesday, feels the pain. Thankfully, reports that Ray Price has died are apparently false
– it is the fallen tech titan’s recent pronouncement that it is “very much alive
” that now looks positively premature. The Michelin
(OTCMKTS:MGDDF) man recoiled after recalling 1.2 million tires, and Pep Boys-Manny, Moe & Jack
(NYSE: PBY) plunged 10% on an earnings miss. No, if you want to get anywhere, it’s best to ask a woman. At General Motors
(NYSE:GM) — to quote Creedence Clearwater Revival — “Big wheels keep on turnin’, Proud Mary
keep on burnin’.” As for Tesla Motors
(NASDAQ:TSLA), thrice afire of late, it surged 7.49%.
It's a relatively quiet day for quarterly earnings announcements that may move US stock markets, but FuelCell Energy
(NASDAQ:FCEL) and L&L Energy
(NASDAQ:LLEN) each release results.
(NYSE:ALSN): Bank of America-Merrill Lynch lifts the shares to Buy from Neutral.
(NASDAQ:BBRY): Stock in beleaguered BlackBerry, which has fallen 56.13% in the past 12 months, could use a boost, and today it is moved to Market Perform from Underperform by Sanford Bernstein.
(NYSE:SCHW): A second upgrade
in two trading sessions for the discount broker, today taken to Equal Weight from Underweight at Evercore.
(NYSE:C): Evercore increases its investment assessment to Overweight from Equal Weight. Their price objective is $58.
(NYSE:XOM): The Dow
(INDEXDJX:.DJI) member is now Buy from Neutral at Goldman Sachs.
Fifth Street Finance
(NASDAQ:FSC): Barclays boosts the stock to Overweight from Equal Weight.
Fifth Third Bancorp
(NASDAQ:FITB): High fives also for this financial firm, taken to Overweight from Equal Weight at Evercore.
(NYSE:FTI): Goldman gives the stock a boost to Neutral from Sell.
: Hyatt Hotels
(NYSE:H) and Starwood Hotels
(NYSE:HOT) are both now Buy from Neutral at Nomura.
(LL): LL is lifted to Buy from Neutral at Goldman.
(NYSE:MNST): (Hat tip to a famous ode to Wall Street
for today’s title.) Monster Beverage stock is raised to Top Pick from Outperform at RBC Capital Markets. Its price objective is $77. The broker believes that Monster can leverage its brand name into other beverage areas.
(NYSE:MCO): The rating agency gets moved to Overweight from Equal Weight by Barclays.
(NASDAQ:ODFL): Deutsche Bank hoists the stock to Buy from Hold. Its amended target price is $59.
St. Jude Medical
(NYSE:STJ): Shares are upgraded to Outperform from Perform at BMO Capital Markets.
(NASDAQ:TASR): Good things come to those who wait. Stun gun maker Taser International, taken to Neutral from Overweight
at JP Morgan
(NYSE:JPM) in August, sees its stock raised to Overweight from Neutral by the same firm three months on.
(NYSE:VIV): Shares are now Buy from Neutral at BTIG Research, whose target is $24.
(NYSE:TIF): Surging Tiffany gets taken to Hold from Sell at Canaccord Genuity, whose objective also increases by $18 to $83 from $65. Rebounding gross margins are among the catalysts cited.
(NASDAQ:URBN): Goldman gives the stock a Buy-from-Neutral upgrade.
(NYSE:VZ): Macquarie moves the Dow member to Outperform from Neutral.
(NYSE:YUM): Sanford Bernstein boosts the owner of KFC, Pizza Hut, and Taco Bell to Outperform from Market Perform.
(See also: New Stock Coverage: Manpower Can Lift Mr. Market
and Stock Downgrades: Time to Play Monday Morning Quarterback on Twitter
No positions in stocks mentioned.
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