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Stock Upgrades: Rocket Fuel Set to Soar


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

Well, well, well. Who'd have thought that Michael Lewis would end up being merely the second most significant story on last week's 60 Minutes? Buried beneath all the hype of his Flash Boys plug was the kiss-of-death effect that Mr. Musk's appearance on the same show had on Tesla Motors (NASDAQ:TSLA). Right on cue, the car company endured a week from hell and its stock officially tumbled into bear-market territory on Friday. (Former woman of the hour Meredith Whitney, among a multitude of others, can painfully attest to the curse of 60 Minutes.) Even as Nasdaq (INDEXNASDAQ:.IXIC) endured its worst week in two months, Samsung (OTCMKTS:SSNLF) surged 3.4% after being the beneficiary of a me, myselfie, and I from the White House, which didn't take kindly to the product placement even as it considers the Korean company to replace Canada's BlackBerry (NASDAQ:BBRY). (Nothing like promoting American industry, Mr. President.) How I Met Your Mother ended its run, and the E*TRADE (NASDAQ:ETFC) babies were immediately missed after being replaced by Kevin Spacey. This after its shares ended the week with successive slides of 6.5% and 7.8%. The actor also has Netflix (NASDAQ:NFLX) falling like a House of Cards. The stock slid 6%, nosediving for a fourth straight week to officially finish Friday in bear-market territory.
This afternoon in economic data, consumer credit for February is expected to expand from the prior month's pace at 3:00 p.m. EDT. It's quite a quiet session for quarterly earnings announcements, but Alcoa (NYSE:AA) unofficially ushers in first-quarter reporting season when it releases results after the close of trading tomorrow.
Alcoa: Shares get upgraded to Hold from Sell at Deutsche Bank.
Align Technology (NASDAQ:ALGN): Barrington Research raises its recommendation to Outperform from Perform.
Analog Devices (NASDAQ:ADI): The stock is now Neutral from Sell at Goldman Sachs.
B&G Foods (NYSE:BGS): RBC Capital Markets moves the stock to Outperform from Perform, and also increases its price objective to $36 from $31. Higher earnings expectations are cited.
Citigroup (NYSE:C): The beleaguered bank is hoisted to Neutral from Underweight at HSBC Securities.
Intel (NASDAQ:INTC): Pacific Crest raises the semiconductor stock, a key Dow (INDEXDJX:.DJI) component, to Outperform from Perform. Shares are trading higher this morning as a result.
JetBlue (NASDAQ:JBLU): Goldman Sachs gives the aviation outfit a Neutral-from-Sell upgrade.
Netflix: The stock, which has sold off sharply of late in common with many other momentum names, is now Outperform from Perform at Oppenheimer. The broker sees an attractive entry point at current levels, and its price objective is $419.
Newmont Mining (NYSE:NEM): Deutsche Bank takes the commodity company to Hold from Sell.
Pandora Media (NYSE:P): Shares are boosted to Outperform from Neutral by Wedbush.
PBF Energy (NYSE:PBF): Citigroup lifts its investment assessment to Buy from Neutral.
Rocket Fuel (NASDAQ:FUEL): The stock is moved to Outperform from Perform by BMO Capital Markets.
Select Medical (NYSE:SEM): Amid reduced regulatory risk, RBC Capital raises its recommendation to Outperform from Perform. Its target price, previously $9, is taken all the way up to $21.
Under Armour (NYSE:UA): Sterne Agee upgrades the equity to Buy from Neutral.
Yelp, Inc. (NYSE:YELP): Shares are boosted to Outperform from Perform at Oppenheimer, whose target is $78.
Zynga (NASDAQ:ZNGA): The stock is added to the Best Ideas list with Wedbush.
Disclosure: Minyanville Media has a business relationship with E*Trade.

Also see:

New Stock Coverage: American Airlines Flies High

Stock Downgrades: American Eagle Laid Low

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No positions in stocks mentioned.
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