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Stock Upgrades: Lost an Hour of Sleep? Replenish Your Daylight Savings With DreamWorks


Wall Street ratings agencies set the tone for today's stock market.

Clocks went forward, but stocks -- and Rob Ford -- turned back timeNasdaq (INDEXNASDAQ:.IXIC) reached levels last seen in 2000, and the S&P 500 Index (INDEXSP:.INX) partied like it was 1999 in finishing at a historic high. Stocks scored impressive gains after February's jobs report flew in the face of expert economists who predicted this woeful winter would negatively impact the number. The editor of Newsweek, now back in print, says, "Create your own weather if you must," and the Cold War raged once more with Mother Russia. RadioShack (NYSE:RSH), which tumbled 20%, also dialed back the '80s, and not in a good way. President Putin apparently prefers his telephones to be 1970s vintage, although his computer appears to be admirably cutting-edge. The bear-wrestler enjoyed the last laugh as World Wrestling Entertainment (NYSE:WWE) jumped 31.05%, and Build-A-Bear Workshop (NYSE:BBW) surged 16.02%. Facebook (NASDAQ:FB), fresh from spending $19 billion on an app hip with the cool kids, looked on in horror as a 78-year-old letter-writing fiend tried to be its friend. Warren Buffett, whose Saturday letter was somehow delivered by the post office, saw his Berkshire Hathaway (NYSE:BRK.B) gain 6% to a fresh best.
There aren't any top-tier economic reports released today, but FuelCell Energy (NASDAQ:FCEL), Full House Resorts (NASDAQ:FLL), and Urban Outfitters (NASDAQ:URBN) are all expected to announce earnings.
Alcatel Lucent (NYSE:ALU): BMO Capital Markets moves the French telecom titan to Outperform from Market Perform.
Alon USA Energy (NYSE:ALJ): ALJ gets upgraded to Outperform from Neutral at Credit Suisse. Its price objective, previously $16, increases to $19.
Archer Daniels Midland (NYSE:ADM): The agribusiness behemoth gets boosted to Outperform from Perform by BMO Capital.
ARM Holdings (NASDAQ:ARMH): William Blair increases ARMH to Outperform from Perform.
Big Lots (NYSE:BIG): Shares, which surged 22.97% on Friday, are taken to Outperform from Perform at FBR Capital. Catalysts include a June analyst day, and the target price is also taken up by $10 to $45.
Charter Communications (NASDAQ:CHTR): Amid the company's impressive free cash flow growth, Jefferies juices its rating to Buy from Hold at Jefferies.
DreamWorks Animation (NASDAQ:DWA): Shares are now Buy from Neutral at B. Riley.
Edwards Lifesciences (NYSE:EW): Wells Fargo lifts the stock to Outperform from Market Perform.
IAC/InterActiveCorp (NASDAQ:IACI): Last week was a nightmare for ChristianMingle and JDate owner Spark Networks (NYSE:LOV) but Monday looks better for parent IAC/InterActiveCorp. Cowen moves it to Outperform from Market Perform this morning.
Kirby Corp (NYSE:KEX): The stock is made a Top Picks at FBR Capital, which hails growth prospects at its main marine transportation segment.
LHC Group (NASDAQ:LHCG): Shares are raised to Sector Perform from Underperform with a $21 target price at RBC Capital.
Telefonica Brasil (NYSE:VIV): Citigroup takes the stock to Neutral from Sell.
UIL Holdings (NYSE:UIL): Bank of America-Merrill Lynch lifts its investment opinion to Buy from Neutral.
U.S. Steel (NYSE:X): The commodity name is now Buy from Neutral at Nomura.
Veeco Instruments (NASDAQ:VECO): VECO is boosted to Buy from Neutral at UBS, which also increases its objective to $53 from $35.

Also see:

New Stock Coverage: Home Shop Till You Drop at HSN Inc. (MVPRO article)

Stock Downgrades: Will Staples Be the Bain of Mitt Romney? (MVPRO article)
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