Warren Buffett wrote a letter
, but it was another incomparable wordsmith, also aged 83, who most moved markets on Monday. "Where ya going? Barcelona
" said Stephen Sondheim's elegiac ode, and yesterday, Facebook
(NASDAQ:FB) surged 3.19% to a fresh best after Mark Zuckerberg paid homage to (and in) Catalonia by insisting he did not overpay
when buying WhatsApp for $19 billion. (He presumably flew there first class on American Airlines
(NASDAQ:AAL), itself at a new peak after ending up 1.33 %.) Thus did Dow Industrials
(INDEXDJX:.DJI) advance by triple digits as S&P 500
(INDEXSP:.INX) shares reached an intraday record. Men's Wearhouse
(NYSE:MW) gained 7.54% after upping its bid for Jos. A. Bank
(NASDAQ:JOSB), which jumped 9.06%; no comment from the drag queen who concluded trading
. It was the end of the line for Moviefone
, which Tim Armstrong's AOL Inc.
(NYSE:AOL) paid $388 million for in 1999. Mr. Armstrong, already in big trouble for his recent "distressed babies" remark, had better watch out. For, as a Penn Station-patrolling New York City cop can freshly attest, those tiny tots pack a punch
. Moviefone was much beloved of Cosmo Kramer of course, but did a Dingell really eat my baby
, as his accomplice Elaine claimed? Yesterday Michigan's John Dingell, America's longest-serving Congressman, finally called it quits, having served since 1955. And who'd have thought that the tax code would be more exciting than Kate Upton? H&R Block
(NYSE:HRB) and the supermodel's Target Corp
(NYSE:TGT) each received analyst initiations yesterday and I, in my infinite wisdom, erroneously bet that the retailer would be a sexier story
. That'll teach me; the former stock surged 1.51% even as the latter lost 0.18%.
Today in economics, the Conference Board's consumer sentiment survey for February is forecast to fall at 10:00 a.m. Eastern. On the earnings front, American Tower
(NYSE:AMT), First Solar
(NASDAQ:FSLR), Home Depot
(NYSE:HD), and T-Mobile
(NYSE:TMUS) all release results.
African Barrick Gold
(OTCMKTS:ABGLY): Canaccord Genuity gives the commodity company a Buy-from-Hold boost.
(NYSE:ED): A second upgrade in as many days
for this Big Apple-based electric utility, whose sky-high bills have been the bane of us Manhattanites in this winter without end. Today it is increased to Overweight from Equal Weight by Barclays.
Dick's Sporting Goods
(NYSE:DKS): Belus Capital Advisors raises its rating on the retailer to Hold from Sell with an amended price objective of $54.
Golden Star Resources
(NYSEMKT:GSS): The microcap gets upgraded to Hold from Sell at Canaccord Genuity.
(NYSE:HSC): HSC is hoisted to Buy from Hold at Argus.
(NYSE:KGC): Canaccord lifts its investment opinion on the equity to Buy from Hold.
(NASDAQ:NDSN): NDSN is now Outperform from Perform with an $85 target price at Oppenheimer, which hails the firm's forward-looking strategy.
(NASDAQ:PEBO): Raymond James juices its fellow financial firm to Strong Buy from Buy.
(NASDAQ:TQNT): More good news for this tech name, which surged some 26.11% on Monday after a merger. Today it is taken to Buy from Hold at Brean Capital, whose price objective is $16.
(NYSE:VZ): The stock, yesterday's poorest performing blue chip with a 2.20% tumble, is today added to Bank of America-Merrill Lynch's US 1 list of favored equities.
(NYSE:WRE): Stifel raises its recommendation on the retail Real Estate Investment Trust to Buy from Hold with a $27 target amid an impressive discount to NAV (Net Asset Value).
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No positions in stocks mentioned.
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