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Stock Upgrades: Dice Holdings Is on a Roll


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

When the Dow (^DJI) opened the week with a bad case of the Mondays, little orphan Annie was right to remind us, "The sun'll come out tomorrow." (Except, perhaps, for SolarCity (SCTY), which slumped 13.72% in posting the Nasdaq's (^IXIC) poorest performance.) Blue chips gained for an astonishing 19th successive Tuesday, reaching new records in the process. Tuesday lived down to its reputation as being exceptionally unlucky in Athens, where hometown hero National Bank of Greece (NBG) nose-dived 10.13%.

On this side of the Atlantic, however, it has become a license to make money. Generation X likely won't ever retire, but Winona Ryder, whose Reality Bites stands as eloquent testament to the grunge demographic, was right to target Saks Inc. (SKS), even if its stock is now longer quite such a steal after this morning's 19.39% surge.

This morning in economics, analysts expect an uptick in April existing home sales at 10:00 a.m. Eastern. Fed head Ben Bernanke testifies before Capitol Hill today, and the Federal Open Market Committee releases minutes to its May 1 meeting at 2:00 p.m.

In earnings action, American Eagle Outfitters (AEO), Eaton Vance (EV), Hewlett-Packard (HPQ), L Brands (LTD), Lowe's Companies (LOW), PetSmart (PETM), SeaWorld (SEAS), Staples (SPLS), Synopsys (SNPS), Target (TGT), and Toll Brothers (TOL) are all due to report results.

Bristol-Myers Squibb (BMY): The drug company is now Buy from Neutral at Citigroup, sending it up before the bell.

Chesapeake Energy (CHK): Susquehanna boosts the equity to Positive from Neutral.

Cott Corporation (COT): Shares are initiated with a Market Perform by BMO Capital.

Cree Inc. (CREE): Sterne Agee lifts the lighting stock to Buy from Neutral.

Dice Holdings (NYSE:DHX): The staffing and outsourcing outfit, up 4.31% yesterday, gets a Buy-from-Hold boost at Stifel this morning. The broker assigns a $14 price objective on a stock it says has demonstrated impressive renewal rates for its OpenWeb product.

Kindred Healthcare (KND): The stock is hoisted to Positive from Neutral at Susquehanna.

Roche Holding (OTCMKTS:RHHBY) A Buy-from-Neutral boost by Citi is sending the stock up in overseas trading today.

Terex (TEX): TEX is taken to Overweight from Equal Weight by Barclays.

UBS AG (UBS): Keefe Bruyette slashes the Swiss bank to Underperform from Market Perform.

Volcano Corp. (VOLC): Shares are increased to Overweight from Equal Weight at First Analysis.

Volvo (OTCMKTS:VOLVY): The Swedish car company is now Neutral from Underweight at HSBC Securities.

(See also: Stock Downgrades: Caesars Entertainment Stabbed in the Back and New Stock Coverage: Pepsi Poised to Pop.)
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