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Stock Upgrades: Zulily's Gains Won't Be Gone in a Flash


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

Flash sale e-commerce company Zulily (NASDAQ:ZU) is clearly no flash in the pan. Its stock gained 9.14% yesterday after being boosted by Goldman Sachs (NYSE:GS), which hailed its "hyper growth" prospects. Shares are jumping another 4.19% before the bell after the maternal-focused retailer scored another analyst accolade this morning. The broker cites an impressive financial model, good gross margin prospects, and higher free cash flow estimates.
Even well into his 90s Eli Wallach, may he rest in peace, stole the show in Wall Street's sequel Money Never Sleeps. (Take note of the title, Ms. Mayer.) Suitably inspired by the dearly departed actor's final film role, the S&P 500 Index (INDEXSP:.INX) and Dow Average (INDEXDJX:.DJI) each snapped out of their recent slumber. Alas Yahoo (NASDAQ:YHOO), down 0.68%, failed to benefit, as its slumbering head honcho had grammar geeks all aghast after saying she feels "really badly" after napping through a key meeting in Cannes. The CEO is, however, surely to be applauded for her controversial telecommuting ban, which dramatically reduced the sort of traffic accidents caused by Wonderbra's legendary "Hello boys" billboard, voted the best of all time. Yesterday its owner Hanesbrands (NYSE:HBI) surged 9.24% to a historic high after a big underwear acquisition and CBS Outdoor Americas (NYSE:CBSO), which similarly enlivens our highways, rose 1.11% to a post-IPO peak. First-quarter GDP tumbled 2.9%, the worst non-recession contraction ever, even as America's German-born soccer coach conspiratorially plots a further plunge in US worker productivity against his homeland today. That match should see viewing figures approach pigskin proportions and Portugal Telecom (NYSE:PT), the prime PIIG pick in our World Cup portfolio, added on another 2.66%. (We trust Ronaldo & Co, our Group G rivals, won't fare as well on the fútbol field at high noon against Ghana.) As for Team USA selection McDonald's (NYSE:MCD), it also advanced after a customer quite remarkably refused to turn his back on the burger behemoth.
Today's economic calendar is quite quiet, but expect earnings announcements out of Accenture (NYSE:ACN), ConAgra (NYSE:CAG), Lennar (NYSE:LEN), and Nike (NYSE:NKE).
Now let's analyze this morning's analyst upgrades, a group encompassing a French yogurt firm and Italian fashion icon as well as our aforementioned Zulily.

Danone (OTCMKTS:DANOY): Natixis Bleichroeder boost the stock to Buy from Neutral.
Deutsche Post (OTCMKTS:DPSGY): Shares are hoisted to Buy from Hold at Cantor Fitzgerald.
Nabors Industries (NYSE:NBR): Guggenheim gives the oil services outfit a Neutral-from-Sell upgrade, sending shares up ahead of the open.
NuVasive (NASDAQ:NUVA): NUVA is now Buy from Neutral at Goldman Sachs.
PAREXEL (NASDAQ:PRXL): Robert W. Baird raises its recommendation to Outperform from Neutral amid good long term growth prospects outlined in a recent, and well-received, investor relations day. Its price objective also increases, to $64 from $55.
Pinnacle Foods (NYSE:PF): Shares are moved to Outperform from Perform with a $36 target price at RBC Capital Markets, which cites the potential for upcoming improvement in its Wish-Bone division.
Salvatore Ferragamo (OTCMKTS:SFRGF): The luxury leather company from Florence gets increased to Neutral from Underperform at Credit Suisse.
Take-Two Interactive Software (NASDAQ:TTWO): The Benchmark Company boosts its rating to Buy from Hold, sending shares up 1.52% as we speak.
Wisconsin Energy (NYSE:WEC): A second upgrade of the week for this acquisitive electric utility, now Neutral from Sell at UBS.
zulily: Saving the best for last, at least alphabetically, today's headline equity is increased to Outperform from Perform with a $50 price objective at RBC Capital.

Also see:

New Stock Coverage: Don't Be Those '2 Broke Girls' - Buy CBS
Stock Downgrades: Turbulence Ahead at United Continental
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