Wall Street's decision to take Monday off didn't turn out so well. Four-day work weeks, so popular in Europe, proved less profitable on this side of the Atlantic as the Dow
(INDEXDJX:.DJI) dropped 0.32% in holiday-truncated trading. Wal-Mart
(NYSE:WMT) weighed on blue chips, tumbling 3.5% after releasing its quarterly earnings. (Clearly, the capitalist icon didn't sell as many $42-per-pop Occupy Wall Street posters
as expected.) Apple Inc.'s
(NASDAQ:AAPL) Steve Jobs is getting his own postage stamp,
(NASDAQ:FB), up 2.2%, made a multi-billionaire of WhatsApp founder Jan Koum, who was once on food stamps. Mark Zuckerberg may soon be too, for he spent $19 billion -- literally, every last penny he has
-- on the application. This, as clothing company Gap Inc.
(NYSE:GPS), outfitters of penniless college dropouts
, agreed to increase its hourly minimum wage to $10. On Wednesday in Sochi, figure skater Ashley Wagner was distinctly unimpressed
with her score for dancing to Pink Floyd's "Shine on You Crazy Diamond." That same day thousands of miles away, diamond seller Zale Corp
(NYSE:ZLC) was bought by Signet Jewelers
(NYSE:SIG), sending its stock up 43.52% for the week.
There aren't any top-tier economic data due today, but corporate earnings announcements are expected out of Palo Alto Networks
(NASDAQ:PANW), Hertz Global
(NYSE:NTZ), and HSBC Holdings
(NYSE:AES): JPMorgan has a new Neutral, and $16 price objective, on the electric utility name.
(NASDAQ:CSIQ): Shares are covered at Overweight by JPMorgan.
(NYSE:HRB): Credit Suisse assigns an upbeat Outperform on the tax preparation titan.
(NASDAQ:LCUT): The company behind brands including Cuisinart and Farberware is a fresh Buy at Brean Capital, whose target price is $23. Licensing arrangements could continue to improve revenues, the broker believes.
(NASDAQ:PRGN): PRGN is picked up with a Buy and $12 objective at Jefferies.
(NYSE:TGT): Supermodel Kate Upton's zero-gravity bikini is now available at Target
, but the retailer still rates no better than a Neutral ($54 target) with Sterne Agee. Nonetheless, the stock is currently up ahead of this morning's opening bell.
(NYSE:VZ): Barclays begins the Dow member -- upgraded elsewhere today -- at Overweight with a $55 target.
(NASDAQ:YHOO): Shares, on an extended honeymoon since Marissa Mayer took over, are today assigned an unusual Strong Sell at Standpoint Research.
Stock Upgrades: Good Things Are on Tap at Molson Coors (MVPRO article)
Stock Downgrades: 3D Systems at Sixes and Sevens After Analyst Does a 180 (MVPRO article)
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.