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: Dice Holdings Is on a Roll

By

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

PrintPRINT
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.)
< 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.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE