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Stock Upgrades: Gym Giant Nautilus All Set to Pump You Up


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

British markets were closed for a bank holiday, but across the Atlantic, Bank of America (BAC) had absolutely no intention of taking Monday off, with its 5.23% surge topping all Dow Industrials (^DJI). (This as a Senator, supposedly back at work after Congress's one week vacation, returned from recess to hit the golf course. Fear not, however, for our hard working pols did actually do some work yesterday, voting to enact a tax.)

Among stocks in the news, Pfizer (PFE) fell after unveiling plans to start selling Viagra online, and Hanesbrands (HBI) - whose iconic "Hello Boys" Wonderbra ad was the Viagra of its time - hit the highest level in its history on a broker boost.

Elsewhere, Arkansas's own Wal-Mart (WMT) topped the Fortune 500, but there was no halo effect for its home-state neighbor Tyson Foods (TSN), which tumbled 3.33% to post the S&P 500's (^GSPC) poorest performance.

Today in economics, March consumer credit is released at 3:00 p.m. Eastern. On the earnings front, expect announcements out of Ariad Pharmaceuticals (ARIA), DirecTV (DTV), Fossil (FOSL), Electronic Arts (EA), HSBC Holdings (HBC), Molson Coors (TAP), OfficeMax (OMX), Société Générale (PINK:SCGLY), Walt Disney (DIS), Whole Foods (WFM), and Zillow (Z).

Arch Coal (ACI): The commodity company is now Neutral from Sell at Goldman Sachs.

Clothing Companies: Abercrombie & Fitch (ANF), Gap Inc. (GPS), and Urban Outfitters (URBN) all get Outperform-from-Market Perform upgrades with Wells Fargo.

Leisure/Recreation: Longbow lifts both bowling behemoth Brunswick (BC) and boat maker MarineMax (HZO) to Buy from Neutral.

Nautilus (NYSE:NLS): Hans and Franz would be proud as B. Riley boosts fitness firm to Buy from Neutral following its impressive first quarter earnings. Shares, already up 5.13% yesterday, are surging a further 12.89% ahead of the open.

Noah Holdings (NOAH): Bank of America-Merrill Lynch lifts the money manager to Buy from Neutral.

Olympic Steel (ZEUS): Shares are moved to Outperform from Neutral at Macquarie.

Tyson Foods (TSN): Monday's poorest performing S&P 500 (^GSPC) stock is today taken to Buy from Hold at Miller Tabak.

(See also: New Stock Coverage: No Miracle on 34th Street for Macy's and Stock Downgrades: Get Rid of Ruckus After Noisy Quarter.)
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