Shares of Malibu-based toy maker Jakks Pacific
(NASDAQ:JAKK) are currently up 2.46% before the bell to recoup much of Thursday's 3.31% tumble. The stock scores a broker boost on account of an improved financial showing, increased EPS (Earnings Per Share) projections, and heightened sales momentum. Jakks Pacific currently has a plaything tied to the recently-released Godzilla movie
Seven decades since "The boys of Pointe du Hoc
," in Ronald Reagan's immortal phrase, climbed the cliffs to end a conflict, stocks scaled new summits after more encouraging news out of Europe caused Mohamed to come to a continent's debt mountain armed with war analogies
. (Unfortunately, even the Gipper's legendary Teflon touch deserted him exactly 10 years to the day after he died. This as clothing company PVH Corp.
(NYSE:PVH), whose Phillips-Van Heusen shirts our 40th president once proudly wore
, plunged an S&P 500
(INDEXSP:.INX)-worst 8.10% even as the benchmark bourse and Dow
(INDEXDJX:.DJI) each reached fresh peaks.) As we marked the date of an epochal battle, munitions maker General Dynamics
(NYSE:GD) gained 2.14% as the Philadelphia Defense Sector
(INDEXNASDAQ:DFX) ended up an impressive 1.50%. (That the City of Brotherly Loves gives its name to such murderous tools remains the ultimate irony, however.) That stock was joined at a fresh historic high by tobacco titan Reynolds American
(NYSE:RAI), whose Camels Ike inhaled to the tune of four packs per day
leading up to this, The Longest Day. And a shunned Quiksilver
(NYSE:ZQK), which on Tuesday tumbled 41% in its worst-ever single-session showing, fell a further 4.01%. Thus the Wheel of Fortune
clearly has yet to turn back in favor of the Huntington Beach-based seller of swimwear, which certainly isn't saying "Surf City, here we come
It's quite a quiet Friday for quarterly earnings announcements, although Sears Hometown and Outlet Stores
(NASDAQ:SHOS) released results earlier this morning. In economic action, April consumer credit is expected to contract from the prior month's pace at 3:00 p.m. EDT.
Now let's analyze this morning's upgrades, a group that encompasses a furniture firm and yesterday's top S&P 500 name as well as aforementioned Jakks Pacific.
(NASDAQ:ANGI): Bank of America Merrill Lynch lifts the stock to Buy from Neutral.
(NYSE:CNX): Shares get upgraded to Buy from Neutral at Goldman Sachs.
(NASDAQ:MLHR): Longbow moves the maker of office cubicles and iconic Aeron chairs to Buy from Neutral.
(NYSE:HUM): The stock is boosted to Buy from Hold with a $155 price objective at Stifel, which cites ongoing growth in the Medicare eligible population among other favorable factors.
(NYSE:JOY): 6/6 may be another excellent day for the mining equipment maker, which yesterday jumped 6.66% to top the entire S&P 500 Index. This morning it is moved to Buy from Neutral by Bank of America Merrill.
: Needham takes the toy titan, today's headline analyst upgrade, to Buy from Hold. The target price is $10.
(NYSE:LII): Shares are hoisted to Buy from Hold at KeyBanc Capital.
(NYSE:SPR): Cowen raises its recommendation to Outperform from Perform. Its price objective also increases, by $8 to $40.
(NYSE:WTS): WTS is now Buy from Hold at KeyBanc Capital Markets.
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No positions in stocks mentioned.
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