Minnesota was colder than Mars
, but stocks still went to Pluto. Even as January job growth remained frozen amid a polar vortex, Dow Industrials
(INDEXDJX:.DJI) responded with a triple-digit advance on Friday to finish the first week of February with a 0.61% increase. Among stocks on the move, CVS Caremark
(NYSE:CVS) announced it will stop selling tobacco products, secure in the knowledge it remains America's go-to destination for personalized Valentine's Day gifts
. The smart money said buy Starbucks
(NASDAQ:SBUX) but, only twenty-four hours on, customers were dumbfounded
. Handbag king Michael Kors
(NYSE:KORS) advanced 18% on the week to a fresh all-time peak, even as its competitor disgraced itself at a service for Philip Seymour Hoffman
. Elsewhere, Scarlett Johansson went makeup-free in Vanity Fair
, and looked a decade younger for it. Mere mortals who still need Photoshop, fear not, however, for its owner Adobe Systems
(NASDAQ:ADBE) surged 2.51% on Friday to a historic high. Flappy Bird flew the coop
, and flip-the-bird
was the order of the day for Twitter
(NYSE:TWTR), which tumbled 16%.
There aren't any top-tier economic reports out today. In earnings action, CNA Financial
(NASDAQ:HAS), and Masco
(NYSE:MAS) all release results.
(NYSE:AXP): Morgan Stanley moves the stock, a key Dow component, to Overweight from Equal Weight. Its price target, previously $90, increases by $10. The stock is up this morning as a result.
(NYSE:BMY): BMY gets an Outperform-from-Perform boost by BMO Capital Markets.
: Raymond James juices Bloomin' Brands
(NYSE:DIN), Red Robin Gourmet Burgers
(NASDAQ:RRGB), and Texas Roadhouse
(NASDAQ:TXRH), all now Strong Buy from Outperform.
(NYSE:IM): IM gets increased to Buy from Hold with a $31 price objective at Brean Capital, which cites a stabilizing demand environment among other favorable factors.
(NYSE:JPM): Societe Generale hoists its fellow financial firm to Buy from Hold.
(NYSE:LM): Shares are trading up today after getting lifted to Outperform from Perform by Keefe Bruyette. Its price objective, previously $48, increases to $50.
(NYSE:MDP): It is indeed a Field of Dreams
for this publishing powerhouse and pride of Des Moines, today taken to Buy from Neutral at Citigroup.
St. Jude Medical
(NYSE:STJ): William Blair moves the medical device maker to Outperform from Market Perform, sending it higher ahead of this morning's opening bell.
(NYSE:TMUS): TMUS gets increased to Overweight from Equal Weight by Barclays.
(NASDAQ:URBN): The retailer is raised to Buy from Hold at Brean Capital.
Whole Foods Market
(NASDAQ:WFM): BB&T Capital Markets gives the gourmet grocer a Buy-from-Hold boost.
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No positions in stocks mentioned.
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