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Stock Upgrades: JetBlue Can Fly High

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

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The land of the Blue Mosque and the lady in the blue dress made for much red ink on Wall Street. (In the interests of being fair and balanced I should point out that pawnbroker EZCORP (NASDAQ:EZPW) -- proud part of an industry that allowed Columbus to sail the ocean, well, you know -- jumped 20.32%. And JetBlue (NASDAQ:JBLU) is already on its way to a good day.) Shares slumped for a sixth session in seven amid ongoing economic anxiety in Istanbul and an S&P 500 (INDEXSP:.INX)-worst 8.71% implosion in Ms. Mayer's suddenly shunned Yahoo (NASDAQ:YHOO). Apple Inc. (NASDAQ:AAPL), continuing its recent tailspin, tumbled another 1.14%. This after the Wall Street Journal said, "for [its] shares to regain some luster, the company needs to prove it can once again play the young Turk" -- the last two words an especially unfortunate turn of phrase in light of recent events by the banks of the Bosporus. Elsewhere, investors made serious money by doing as Leonardo DiCaprio does. Not in The Wolf of Wall Street, mind you. Instead, it was his "sport" fixation in The Great Gatsby that was music to the ears of sports memorabilia-authentication outfit Collectors Universe (NASDAQ:CLCT), which surged 3.59% to a fresh 52-week peak on an otherwise awful day in equities. Keep those Mickey Mantle rookie cards, kids, for they are a far better bet than the stock market at the moment.

Today in economics, December 2013 pending home sales are expected to post a decline at 10:00 a.m. Eastern. Expect earnings announcements out of Amazon (NASDAQ:AMZN), Blackstone (NYSE:BX), and Chipotle Mexican Grill (NYSE:CMG) among a multitude of others. Now let's turn to today's analyst upgrades, a group that includes Autodesk (NASDAQ:ADSK).

Amdocs (NASDAQ:DOX): Shares get upgraded to Outperform from Perform at Oppenheimer, whose price objective is $47. Catalysts include quarterly earnings that beat Street expectations amid improved overall execution.

Autodesk: JPMorgan moves the stock to Overweight from Neutral.

Canadian Pacific (NYSE:CP): He strikes me as more of a private jet kinda guy, but should Canuck native Justin Bieber be booted back up north, he could do worse than ride the rails on Calgary's own Canadian Pacific. Shares, which surged some 4.05% yesterday even as the overall market imploded, are raised to Outperform from Perform at Cowen. Catalysts include a better pricing backdrop and the prospect of stock buybacks.

JetBlue Airways: As mentioned, shares get a Buy-from-Hold hoist at Deutsche Bank in the wake of the company's earnings announcement.

StanCorp Financial (NYSE:SFG): The stock is lifted to Neutral from Underperform at Bank of America-Merrill Lynch. Its target price, previously $59, is now $68.

United States Steel (NYSE:X): Shares are moved to Outperform from Neutral at Macquarie.

Vivendi (OTCMKTS:VIVHY): BNP Paribas increases its fellow French firm to Outperform from Neutral.

WellPoint (NYSE:WLP): The equity is now Buy from Neutral at UBS.

See also:

Stock Downgrades: It's 1997 All Over Again in Equities, but the Spice Girls Can't Save McCormick

New Stock Coverage: Time to Wake Up and Smell the Turkish Coffee on DreamWorks Animation?
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No positions in stocks mentioned.
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