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New Stock Coverage: Xerox Is Reproducing Its Glory Days

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

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Big Ben remains in post-Maggie mourning across the Atlantic, but our own version - whose timekeeping is alas a little less accurate than London's legendary clock - again unleashed a celebration. Mr. Bernanke's meeting minutes, released five hours prematurely, sent stocks to new records. (If one can indeed call the belated details of an event that occurred fully three weeks ago "early," especially in this electronic age of ours.) Margaret Thatcher, the Iron Lady who felt slothful British workers of the 1970s had seen the iron in their blood turn to lead in their arses, would have enjoyed Amgen (AMGN) - which made its name with anemia drugs Epogen and Neupogen - advance 3.79% to an all-time high. Elsewhere investors rode a capital flight from Cyprus, as budget airline EasyJet (PINK:ESYJY) -founded by native son Stelios Haji-Ioannou - surged 4.48% to a fresh 52-week peak on an analyst upgrade.

Today's quarterly earnings announcements are due to include Commerce Bancshares (CBSH), JB Transport Services (JBHT), Pier 1 Imports (PIR), Rite Aid (RAD), and Roche Holding (PINK: RHHCY).

Brown Shoe (BWS): BWS is begun with a Buy at Brean Capital.

Endo Health (ENDP): Shares are a new Neutral at Janney.

General Growth Properties (GGP): BMO Capital has an Outperform on the REIT.

Kraft Foods (KRFT): The stock is a fresh Market Perform with Wells Fargo.

Xerox (NYSE:XRX): The photocopying king, up an impressive 2.05% yesterday, is a new Overweight at Piper Jaffray.

(See also: Stock Upgrades: Adobe About to Jump on Acrobat and Stock Downgrades: Heather Bellini Says Microsoft's Champagne Era Is Over.)
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.

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