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Stock Upgrades: Netflix Stock Going to Outer Spacey


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

Equities again enjoyed an awesome day at the races, thanks primarily to My Little Pony. S&P 500 Index (INDEXSP:.INX) shares hit another fresh best, helped by a 5.29% increase to a historic high in Hasbro (NASDAQ:HAS), whose timeless equine toy remains all the rage among little girls. (And some seriously creepy middle-aged men, but best not to go there). Among stocks on the move, WebMD Health (NASDAQ:WBMD) jumped 10.54%. Read it and weep,, which was a thorny topic for President Obama in the Rose Garden. Moving from the White House to, well, Casablanca, Apple Inc. (NASDAQ:AAPL) - boosted by Société Générale - advanced 2.45%, safe in the knowledge it "will always have Paris." Elsewhere, "Play it again Sam" proved similarly profitable for Boston Beer (NYSE:SAM), with inebriated Red Sox fans saying "Cheers" to Mr. Malone by sending that stock up another 1.03% to a new historic high. But sorry Bogie - Rick's Café - or at least the adult entertainment outfit Rick's Cabaret (NASDAQ:RICK) - failed to join in the fun, with the fleshpot operator falling 4.53%.

Today in economics, August construction spending is expected to slip from the prior month's pace at 10:00 a.m. Eastern. In earnings action, expect announcements out of Amgen (NASDAQ:AMGN), Broadcom (NASDAQ:BRCM), Delta Air Lines (NYSE:DAL), DuPont (NYSE:DD), Harley-Davidson (NYSE:HOG), Kimberly-Clark (NYSE:KMB), Travelers (NYSE:TRV), United Technologies (NYSE:UTX), and India's Wipro (NYSE:WIT).

Crosstex Energy (NASDAQ:XTEX): Credit Suisse lifts the limited partnership to Outperform from Neutral.

FedEx (NYSE:FDX): Shares, trading atop historic highs, are taken to Overweight from Neutral at JPMorgan.

Harmony Gold (NYSE:HMY): Goldman Sachs gives HMY a Neutral-from-Sell hoist.

KeyCorp (NYSE:KEY): The stock gets moved to Market Perform from Underperform by Keefe Bruyette.

Kohl's Corp (NYSE:KSS): Deutsche Bank boosts its rating to Hold from Sell.

Netflix (NASDAQ:NFLX): The top S&P 500 stock of 2013 is advancing another 11.27% as I write. Its third quarter earnings beat Street estimates by an impressive margin, helped by hits including Kevin Spacey's House of Cards. As a result, Evercore increases its investment opinion to Equal Weight from Underweight.

SanDisk (NASDAQ:SNDK): Shares are moved to Market Perform from Underperform by BMO Capital.

Texas Instruments (NASDAQ:TXN): FBR Capital takes TXN to Perform from Underperform. Its price objective, previously $36, increases to $38.

Triple-S Management (NYSE:GTS): The stock is now Buy from Neutral at Citigroup.

Zimmer Holdings (NYSE:ZMH): Credit Suisse moves the medical device maker to Outperform from Neutral.

(See also: Stock Downgrades: Should Nokia Shareholders Jump Out of Windows? and New Stock Coverage: Texas Instruments Is Messing With Us)
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