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: Trulia Is the Real Deal

By

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

PrintPRINT
Don't believe all that guff from T.S. Eliot about April being "the cruelest month," for it has historically been the single best one of the year for the Dow (^DJI). So it proved again, and the poet - who labored for eight long years at England's Lloyds (LYG) Bank - will have especially enjoyed that stock adding on 2.39% in its strongest showing since November after announcing it earned $2.3 billion.

Moving from Britain to the continent, Italy has improbably run out of chefs for its signature cuisine but Europe would be well advised to simply let the Domino's Pizza (DPZ) fall where they may after it surged 4.25% to an historic high. Avon Products (AVP) announced results that were adversely impacted by a currency devaluation in Venezuela but still advanced 4.14%, which must have killed quasi communist Hugo Chavez, notwithstanding that his last act on Earth was to preside over 2012′s utmost expression of capitalism.

And on this May Day -- when "workers of the world unite!" -- a penny for the thoughts of Mr. Marx. Karl's impressive lifetime earnings comfortably put him in the top 5% of British taxpayers but he was proud to have been born in Germany's oldest city. An upgrade inspired 5.02% jump in the Fatherland's own Deutsche Bank (DB) would surely have turned him into a champagne socialist.

Today in economics, March construction spending and April's Institute for Supply Management manufacturing index are each out at 10:00 a.m. Eastern. The Federal Open Market Committee is expected to announce its decision on interest rates at 2:00 p.m. On the earnings front, Allstate (ALL), CBS Corporation (CBS), Comcast (CMCSA), Facebook (FB), Humana (HUM), MasterCard (MA), Merck (MRK), Time Warner (TWX), Visa (V), and Yelp Inc. (YELP) are all due to release results.

Amgen (AMGN): Goldman Sachs adds the world's biggest biotech to its list of Conviction Buys. The bank says an impressive produce pipeline should mitigate upcoming patent expirations.

Artisan Partners Asset Management (APAM): Shares are upgraded to Outperform from Market Perform at Keefe Bruyette.

Del Frisco's Restaurant Group (DFRG): The stock is upgraded to Strong Buy from Outperform at Raymond James.

Dreamworks Animation (DWA): Bank of America-Merrill Lynch lifts the movie studio stock to Neutral from Underperform. Revenue came in nicely above estimates amid a strong showing from the animated film The Croods. The stock is up about 8.87% as I write.

Freeport-McMoRan Copper & Gold (FCX): Shares are upgraded to Buy from Neutral at Nomura.

Green Dot (GDOT): GDOT gets upgraded to Buy Neutral at Compass Point, which increases its target to $20 from $15. Revenue linked to Walmart (WMT) increased 11%.

Infosys (INFY): Shares are upgraded to Neutral from Negative at Susquehanna.

Intercontinental Hotels Group (IHG): The stock is upgraded to Add from Hold at Numis.

Newmont Mining (NEM): NEM is now Buy from Hold at Mackie Research.

Southern Copper (SCCO): Shares are upgraded to Hold from Underweight at BB&T Capital Markets.

Trulia (NYSE:TRLA): The online real estate outfit, whose shares are surging 10.43% before the bell after announcing impressive earnings, is upgraded to Overweight from Neutral at JPMorgan.

WPP Group plc (PINK:WPPGY) The ad giant is now Buy from Hold at Panmure.

(See also: New Stock Coverage: Berkshire's Buffett Provides Feast for Investors and Stock Downgrades: Sky Falls in on Cloud Peak Energy.)
< 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