In the week we honored Washington
, Wall Street wasn't all about the Benjamins. (And as for Hamilton, let's not even go there
(NASDAQ:GRPN) tumbled 24%.) Dow Industrials
(INDEXDJX:.DJI) dropped 0.32% although Nasdaq
(INDEXNASDAQ:.IXIC) again outperformed, ending up for a third straight week to stand at its highest level since the heady days of 2000. That year a suit-and-tie-wearing Internet elder statesman
bought a disheveled example of old media, and we all know how well that one turned out. Facebook
(NASDAQ:FB), channeling a little of AOL Inc.
(NYSE:AOL) and Time Warner's
(NYSE:TWX) old timey millennial madness, advanced 2.2% after spending $19 billion on a free download. The Russians showed a rare sense of humor -- who knew? -- in making Olympian fun of their rings
, and wedding ring king Zale Corp
(NYSE:ZLC) rose 43.52% after being bought. Rumors swirled that Apple Inc.
(NASDAQ:AAPL), founded in a garage
, might team with Tesla Motors
(NASDAQ:TSLA), recently aflame in a garage
. Economists blamed icy weather for sluggish housing starts in January. (Although interestingly not in the polar vortex-afflicted northeast, where they actually surged 61.9%. No comment yet from noted economist David Rosenberg, who, "After a hard day at" work, "like all Canadians, heads home to his igloo
.") Across the Atlantic, England's inflation rate fell below the key 2% level for the first time in more than four years. Although the outlandish new contract awarded a Manchester United
(NYSE:MANU) player, who now makes much more than his Prime Minister
, suggests that the official statistics don't tell the true story.
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
(NASSAQ:BIDU): Goldman Sachs gives the Chinese Internet outfit a Buy-from-Neutral boost, sending it up before the bell.
(NYSE:BKU): Shares are now Outperform from Neutral at Credit Suisse. Its price objective, previously $33, increases to $37.
(NASDAQ:CMCSA): The cable company gets an Outperform-from-Sector Perform upgrade ($66 objective) at Pacific Crest. The company has inked an access agreement with Netflix
(NASDAQ:NFLX), sending its stock up impressively this morning. The broker says Comcast's planned buyout of Time Warner Cable
(NYSE:TWC) will reach roughly 70% of US residences.
(NYSE:ED): Good news in another industry America loves to hate, with an electric utility that is the bane of many Manhattanites moved to Hold from Underperform at Jefferies. A compelling valuation is cited, and its target price gets taken to $58.50 from $45.
(NYSE:HPQ): Argus increases its investment assessment to Buy from Hold.
Invesco Mortgage Capital
(NYSE:IVR): Wunderlich boosts the stock to Buy from Hold with an $18 objective.
(NASDAQ:MAR): The accommodation outfit, which finished up 1.39% on Friday at a fresh 52-week peak, is this morning raised to Outperform from Perform at Raymond James.
Molson Coors Brewing
(NYSE:TAP): Societe Generale boosts the brewing behemoth to Hold from Sell. Its price objective is also taken higher, by $7 to $57.
(NYSE:JWN): The upscale retailer is now Neutral from Underweight at Atlantic Equities.
(NASDAQ:PPC): The poultry processor gets hoisted to Buy from Hold at BB&T Capital.
Two Harbors Investment
(NYSE:TWO): TWO is taken to Buy from Hold with an amended $11 objective with Wunderlich.
(NASDAQ:UTIW): RBC Capital raises its recommendation to Outperform from Perform with a $22 target, up from a prior $15.
(NYSE:VZ): Bank of America-Merrill Lynch lifts the recently resurgent telecom titan, a key Dow component, to Buy from Neutral. (Separately, shares were begun with a bullish Overweight by Barclays this morning, and the stock is being especially actively traded before the opening bell as a result of all this analyst activity.)
(OTCMKTS:VOLVY): The Swedish car company is now Buy from Neutral at Citigroup.
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No positions in stocks mentioned.
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