Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stock Upgrades: Diamond Foods Looks Like a Gem


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

Cruz and cruise combined to scupper stocks, with shares sinking for a fifth straight session as the Tea Party poster child sent equities deeper into hot water already occupied by an utterly unloved Carnival Corporation (NYSE:CCL), which dived 5.33%. As a result, the S&P 500 Index (INDEXSP:.INX) endured its longest losing streak all year. Amid the wreckage, a broker boost sent Facebook (NASDAQ:FB) up 2.08% to a fresh best, even as fully 15% of us still don't get this whole Interweb thing. A day that began with Letta ringing the opening bell ended with the Post Office in ever more dire straits. Its two cents' worth involved a proposal to raise stamp prices by three cents. This as the lumbering bureaucracy is expected to lose $6 billion this year, the sort of incompetence that usually only occurs in the private sector.

Today's economic data includes August pending home sales at 10:00 a.m. Eastern, with analysts calling for a fall. In earnings action, consulting company Accenture (NYSE:ACN), fashion firm Hennes & Mauritz (OTCMKTS:HNNMY), spice stock McCormick (NYSE:MKC), and Dow (INDEXDJX:.DJI) newbie Nike (NYSE:NKE) are all due to release results.

Aéropostale (NYSE:ARO): BlueFin boosts the clothing company to Outperform from Neutral.

AmBev (NYSE:ABV): The Brazilian beverage behemoth, officially called Companhia de Bebidas das Americas, is increased to Outperform from Neutral at Credit Suisse.

Applied Materials (NASDAQ:AMAT): The tech name is taken to Buy from Hold by Berenberg.

Cubist Pharmaceuticals (NASDAQ:CBST): Leerink Swann lifts the firm to Outperform from Market Perform. Its target is increased substantially, by $19 to $76.

Diamond Foods (NASDAQ:DMND): The snack stock whose offerings include Pop Secret and Kettle Brand gets upgraded to Buy from Hold at BB&T Capital.

Occidental Petroleum (NYSE:OXY): Shares in the energy company get upgraded to Outperform from Market Perform with Wells Fargo.

Portland General Electric (NYSE:POR): Wells Fargo juices the electric utility to Outperform from Market Perform.

Watsco (NYSE:WSO): Robert W. Baird boosts the wholesale electronics outfit to Outperform from Neutral.

W.W. Grainger (NYSE:GWW): The industrial stock is now Neutral from Sell at Citigroup.

Xylem (NYSE:XYL): The diversified machinery name is moved to Overweight from Equal Weight by Barclays, which also increases its price objective to $33 from $26.

(See also: Stock Downgrades: Diamondback Energy Is Strictly Rhinestone and New Stock Coverage: Diamond Seller Blue Nile Set to Sparkle.)
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos