(NASDAQ:NFLX) CEO Reed Hastings just became a billionaire
and his stock options may be set to swell further today after a broker boost. It has been a decent start to the week for Mr. Hastings, who at yesterday's annual shareholder get-together beat back a proposal to separate the chief executive and chairman roles.
Both Dow Industrials
(INDEXDJX:.DJI) and S&P 500
(INDEXSP:.INX) shares each hit historic highs, but superstitious types will tell you that the miracle on Wall Street just came to an end, courtesy of 34th Street. You see, yet another loss has left the New York Rangers staring at a 0-3 Stanley Cup abyss. When they were swept in the 1929 finals, that year did not end well of course. Last night's loss may thus spell -- almost in spite of itself
-- serious trouble. Edward Garden, the only Family Dollar
(NYSE:FDO) director to vote against its poison pill
, still enjoyed a better day than Madison Square Garden
(NASDAQ:MSG), with his stock surging 13.37% thanks to Carl Icahn and a broker boost
. Ruckus Rangers fans well know the expression, "I went to an ice hockey game and a boxing match broke out," but no one was shorting Joe Boxer owner Iconix Brand
(NASDAQ:ICON), which rose to a lifetime best. Among other equities on the move, Annie's Inc.
(NYSE:BNNY), home of mac and cheese
, surged 7.79%, and Apple Inc
(NASDAQ:AAPL) advanced 1.60% after a stock split that most benefited its arch rival Google
(NASDAQ:GOOG) as befuddled investors went in search of an answer
. Buenos Aires-based fast food firm Arcos Dorados
(NYSE:ARCO), pride of the Pampas, rose 7.91% on a rating increase, and Argentina's own Pope Francis was on the money in eschewing Facebook
(NASDAQ:FB) for Twitter
(NYSE:TWTR) as the former barely budged while the latter jumped another 3.42%.
Today in economics, April wholesale inventories are out at 10:00 a.m. EDT. On the corporate front, Burlington Stores
(NYSE:BURL) and RadioShack
(NYSE:RSH) each released results earlier this morning.
Now let's analyze this morning's upgrades, a group encompassing a toothpaste titan trading at historic highs as well as our aforementioned Netflix.
(NASDAQ:ACHN): Shares, which surged 47.57% yesterday, are up another 20.94% even as we speak. This morning JMP Securities moves the company to Outperform from Market Perform.
(NYSE:ALU): HSBC Securities hoists the French telecom firm to Neutral from Overweight.
(NYSE:CL): Smile. The stock, trading at historic highs, gets upgraded to Outperform from Market Perform by BMO Capital Markets.
(OTCMKTS:HENKY): Société Générale boosts the German glue giant to Buy from Hold.
(NASDAQ:AWAY): Bank of American Merrill Lynch lifts its investment assessment to Neutral from Underperform.
(NASDAQ:NFLX): Today's headline equity is edging up ahead of the open after upgraded to Overweight from Equal Weight at Evercore.
(OTCMKTS:REMYF): The cognac king is now Neutral from Underweight at JPMorgan.
(NYSE:RSG): Raymond James raises its RSG recommendation to Strong Buy from Perform.
(NYSE:S): Amid merger optimism, Macquarie moves the rating to Outperform from Neutral.
: The social networking name is taken to Market Perform from Underperform with Wells Fargo.
(NYSE:UNP): Shares are increased to Outperform from Sector Perform at RBC Capital Markets, which cites good growth and impressively steady earnings. Its price objective, previously $97, is now $115.
New Stock Coverage: PepsiCo Sows Its Quaker Oats
Stock Downgrades: As It Happens, Lady Luck Isn't Staying in Las Vegas Sands
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.