Fuel-cell company Plug Power
(NASDAQ:PLUG) has been the Nasdaq's
(INDEXNASDAQ:.IXIC) single strongest performer in the past year, with its shares having advanced an astonishing 1,440.94%. Yesterday the stock slid 6.60% after announcing an increased loss for its first quarter. This dragged Canadian competitor Ballard Power
(NASDAQ:BLDP) down with it, but Plug Power stock is currently rebounding impressively ahead of the open.
On Hump Day, and despite an S&P 500
(INDEXSP:.INX)-best 7.18% surge in Iron Mountain
(NYSE:IRM), stocks failed spectacularly to get up the hill. For this we can blame Jack and, especially, Jill. Dow Industrials
(INDEXDJX:.DJI) dropped by triple digits on a day Mr. Dorsey's Twitter
(NYSE:TWTR) tumbled 1.62% and Ms. Abramson's erstwhile employer The New York Times
(NYSE:NYT) nosedived 4.50%. Inflation, resurgent scourge of the Carter era
, raised its ugly head again. American Hustle
studio Sony, whose Walkman embraced That '70s Show
at the end of the decade -- kids, ask your parents
-- slid 6.46%. Fossil
(NASDAQ:FOSL) definitely wasn't all about the Benjamins in tumbling 10.27% to exactly $100. Yahoo
(NASDAQ:YHOO) bought vanishing messaging app Blink, and, in case you missed it, Blink-182′s All the Small Things
continued to suffer, with the small-cap Russell 2000
(INDEXRUSSELL:RUT) falling a further 1.6%.
Today in economics, the Philadelphia Fed Index for May is forecast to fall from the prior month's pace at 10:00 a.m. EDT. In earnings action, retailers are increasingly coming to the fore, with JC Penney
(NYSE:JCP), Kohl's Corp
(NYSE:JWN), and Wal-Mart
(NYSE:WMT) all due to release results.
Now let's analyze this morning's upgrades, a group that encompasses not only our aforementioned Plug Power but also a commodity company and medical device maker.
(NASDAQ:ACXM): BMO Capital Markets moves the stock to Perform from Underperform.
Heartland Payment Systems
(NYSE:HPY): HPY gets hoisted to Outperform from Neutral at Robert W. Baird. Catalysts include an impressive new chief financial officer and potential upside to earnings-per-share estimates.
(NYSE:KMI): Goldman Sachs adds the equity to its list of Conviction Buys.
(NASDAQ:PTX): Shares get upgraded to Strong Buy from Buy at Needham. Its price objective, previously $6.30, increases to $10.
: Cowen boosts today's headline stock to Outperform from Market Perform. The new target price is $6.
(NYSE:RRC): RRC gets raised to Conviction Buy from Neutral at Goldman, which also increases its objective by $6 to $110.
Regal Entertainment Group
(NYSE:RGC): Citing next year's highly impressive roster of movies, Topeka Capital Markets takes the stock to Buy from Hold. The price target also goes higher, to $23 from $19.
(NASDAQ:STLD): The commodity company is boosted to Outperform from Perform with a $24 target at Cowen, which cites a better industry backdrop.
: The upgrades keep coming for this social networking name, now Neutral from Underweight at Atlantic Equities. Shares are showing strength ahead of the open as a result.
(NYSE:ZMH): SunTrust moves the medical device maker to Buy from Neutral, concurrently taking its target to $120 from $93.
New Stock Coverage: GlaxoSmithKline Keeping Up With the Dow Joneses
Stock Downgrades: Urban Outfitters a Country Bumpkin
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.