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: E*TRADE Babies Enjoy Mother of All Rallies

By

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

PrintPRINT
Trust the Koch brothers to gatecrash a week that was meant to be all about Lehman Brothers and the Manning Brothers. The siblings' $7.2 billion acquisition of Molex (NASDAQ:MOLX) sent that stock up 31.66%‎ to top the S&P 500 Index (INDEXSP:.INX) and set the tone for another ebullient session in equities. Brothers in Arms may mercifully not now be needed in Syria, so babes in arms were once more the way to go. This as E*TRADE (NASDAQ:ETFC) continued its recent advance to hit a fresh 52-week peak. (It's about time someone Pampered their celebrity toddler spokespeople, for Procter & Gamble (NYSE:PG) is certainly short changing them.) Elsewhere General Motors (GM), fresh from last week's 6.1% surge, gained another 0.91%. The car company's halo effect apparently now even extends to its iconic building in Gotham, where the first get-a-life guys Apple Inc. (NASDAQ:AAPL) iPhone fanboys began lining up long ago. And Estèe Lauder (NYSE:EL), which also calls 767 Fifth Avenue home, jumped 2.83% on a broker boost.

No top-tier economic data due today, but Restoration Hardware (NYSE:RH) and Texas Instruments (NASDAQ:TXN) are each expected to announce earnings.

BioMed Realty (NYSE:BMR): Morgan Stanley moves the stock to Overweight from Equal-Weight.

E*TRADE Financial (NASDAQ:ETFC): The tiny tots of E*TRADE will be well cared for in old age at this rate. Shares, on a tear since an upgrade at Goldman Sachs late last week, are now Outperform from Neutral at Macquarie.

Five Below (NASDAQ:FIVE): The stock, surging some 12% before the bell, is now Neutral from Sell at MKM Partners.

Fusion-io (NYSE:FIO): Piper Jaffray juices the data storage stock to Overweight from Neutral.

Jabil Circuit (NYSE:JBL): Shares are now Strong Buy from Buy at Needham.

Marvell Technology (NASDAQ:MRVL): JPMorgan moves the stock, a 4.23% gainer on Monday, to Overweight from Neutral. Its price objective, previously $14, increases to $16.

Masco (NYSE:MAS): The homebuilder is hoisted to Outperform from Perform at Oppenheimer, whose new target price is $25. The broker's channel checks suggest continued strength.

Mylan Labs (NASDAQ:MYL): Sanford Bernstein gives the generic drugmaker an Outperform-from-Market Perform upgrade.

National Oilwell Varco (NYSE:NOV): Credit Suisse increases the oil and gas name to Outperform from Neutral.

Pernod-Ricard (OTCMKTS:PDRDY): Shares are upgraded to Overweight from Neutral at HSBC Securities.

SABMiller plc (OTCMKTS:SBMRY): The brewing behemoth, whose other brands include Grolsch and Pilsner Urquell, is boosted to Overweight from Neutral at HSBC Securities.

TIBCO Software (NASDAQ:TIBX): Janney takes TIBX to Buy from Neutral.

Zoetis (NYSE:ZTS): Shares are showing strength this morning after being to the US 1 List of favored equities at Bank of America-Merrill Lynch.

(See also: New Stock Coverage: Bank of Ireland Cries Into Its Guinness and Stock Downgrades: D.R. Horton Hears a Boo.)

Disclosure: Minyanville has a business relationship with E*TRADE.
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

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE