Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

New Stock Coverage: Cree Is About to Light It Up


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

The Dow (^DJI) closed at its highest level since December 10, 2007, a date previously best known for Led Zeppelin reuniting to the strains of Stairway to Heaven. Highway to Hell has been more like it for Apple Inc. (AAPL) of late - even after belatedly agreeing an iTunes deal with AC/DC - and all will be revealed when the tech titan announces earnings after today's closing bell.

John Boehner actually managed to get through a news conference without blubbering but No More Tears didn't do Johnson & Johnson (JNJ) any good, as it slipped 0.74% after reporting results. The House Speaker's political rival, BlackBerry addicted President Obama, was just sworn in on a Sunday for the first time since Ronald Reagan, and for once his stock picks actually outperformed the "Teflon President."

DuPont (DD) gained 1.77% - impressive, but easily bested by Research In Motion's (RIMM) 13.01% surge to a 13-month high. The high school dropout rate fell to its lowest level since 1976 and, curiously, CliffsNotes owner John Wiley (JW.A) promptly fell 4.35%. No comment from noted high school dropout billionaire Richard Branson, whose Virgin Media (VMED) jumped 1.37% to the best level in its history.

No top-tier economic data due today, but Hump Day of peak earnings week is here. Abbott Laboratories (ABT), Amgen (AMGN), F5 Networks (FFIV), General Dynamics (GD), McDonald's (MCD), Netflix (NFLX), Novartis (NVS), SanDisk (SNDK), SAP AG (SAP) Siemens (SI), Unilever (UN), United Technologies (UTX), US Airways (LCC), and WellPoint (WLP) are all due to report results.

Allot Communications (ALLT): Barclays begins Overweight rated research on the stock.

Cree Inc. (NASDAQ:CREE): The lighting outfit, surging 14.01% before the bell, is picked up at Overweight by Piper Jaffray.

Fidelity National Information Services (FIS): UBS has a fresh Buy, and $42 price objective, on FIS.

Global Eagle Acquisition (EAGL): EAGL is assigned an Outperform recommendation and $13 objective at Imperial Capital, which says it can become the preeminent global distributor of in-flight Internet, movies, and other services.

Harbinger (HRG): Jefferies has a Buy on HRG.

Norwegian Cruise Line (NCLH): The company, a stellar performer since its Initial Public Offering on Friday, is a new Neutral at Nomura.

Starz (STRZA): The stock is started with a Neutral at ISI Group, which has a target price of $17.

Swift Energy (SFY): Canaccord assumes coverage with a Buy and sets a $27 price target.

Workday (WDAY): Shares are a new Neutral at Robert W. Baird, whose target is $55.

(See also: Stock Downgrades: Ford Hits a Pothole and Stock Upgrades: Stock Up on Costco.)
< Previous
  • 1
Next >
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.
Featured Videos