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.

Stock Upgrades: Can I, Asks Apple? Yes Icahn!


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

Where the mighty bull is concerned, lightening does indeed strike twice. Just ask that unfortunate Texas rodeo clown felled by two thunderclaps in quick succession. In a recurring theme, the S&P 500 Index (INDEXSP:.INX) rose to a second straight record on a day that saw some notable winners. Cigarette stock Lorillard (NYSE:LO) gained 1.92% to a lifetime high and, since anyone who still smokes knowingly signs up for a deal with the devil, an upgraded Bristol-Myers Squibb (NYSE:BMY) advanced exactly 6.66% on encouraging results for its lung-cancer drug. That Georgia man who just saved beer from a burning house might have been safer investing in Craft Brew Alliance (NASDAQ:BREW) instead. It jumped 2.75% - on the anniversary of Prohibition. The cover curse remains alive and well, with SolarCity (NASDAQ:SCTY) Chairman Elon Musk seeing that stock slump 1.81% even after a broker boost. And here's hoping birthday boy Bill Gates, who turned 58, didn't celebrate in his (Corbis) man cave, after its owner Iron Mountain (NYSE:IRM) imploded 1.81%.

This morning the Federal Open Market Committee starts its two-day policy meeting in Washington, DC, with an interest rate announcement expected tomorrow at 2:00 p.m. Eastern. In earnings action, Archer Daniels Midland (NYSE:ADM), BP plc (NYSE:BP), Buffalo Wild Wings (NASDAQ:BWLD), Deutsche Bank (NYSE:DB), Electronic Arts (NASDAQ:EA), Gilead Sciences (NASDAQ:GILD), LinkedIn (NASDAQ:LNKD), Nokia (NYSE:NOK), Pfizer (NYSE:PFE), 3D Systems (NYSE:DDD), UBS AG (NYSE:UBS), US Steel (NYSE:X), and Yelp Inc (NASDAQ:YELP) are all due to release results.

Advanced Energy Industries (NASDAQ:AEIS): AEIS is now Buy from Hold at Needham.

Apple Inc. (AAPL:AAPL): Carl Icahn's pet project is raised to Outperform from Neutral at Robert W. Baird after its earnings announcement.

Arcos Dorados (NYSE:ARCO): The Argentine firm, which operates many McDonald's (NYSE:MCD) in Latin America, is lifted to Overweight from Neutral at JPMorgan.

Green Dot (NYSE:GDOT): GDOT gets juiced to Overweight from Neutral at Piper Jaffray.

Iberdrola (OTCMKTS:IBDRY): Citigroup raises the Spanish energy outfit, up 1.05% yesterday, to Buy from Neutral.

Red Hat (NYSE:RHT): The software stock is raised to Buy from Outperform at Crédit Agricole

Yahoo (NASDAQ:YHOO): Shares get upgraded to Outperform from Perform by Sanford Bernstein.

Zogenix (NASDAQ:ZGNX): The drug manufacturer is moved to Buy from Hold at Stifel.

(See also: New Stock Coverage: Halloween Almost Here, Potbelly Serves Some Wicked 'Wichcraft and Stock Downgrades: Hope and Change? Ain't Seeing It)
< 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