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Stock Upgrades: Netflix Stock Going to Outer Spacey

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

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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, healthcare.gov, 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)
No positions in stocks mentioned.
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