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: Cash in the Attic at eBay


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

MINYANVILLE ORIGINAL Mark Zuckerberg revealed he is a fan of 20 Shades of Gray but his stock (Facebook (FB)) again failed to end in the black, falling 1.98%. Nasdaq OMX (NDAQ), not long removed from its role in the Facebook IPO debacle, now knows eating the cost of cheese gives you nightmares after its computer systems erroneously showed Kraft Foods Group (KRFT) gaining 29% in 60 seconds.

As a Jersey Shore shack prepares for its final moment in the sun, the Garden State's own housing powerhouse Hovnanian Enterprises (HOV) gained 12.24%. Yet a stellar session for real estate stocks still wasn't enough to entice a homeless billionaire to splurge on four walls.

Today in economics, a decline is expected in August factory orders at 10:00 a.m. Eastern, and minutes to the Federal Open Market Committee's September 12-13 meeting are released at 2:00 p.m. International Speedway (ISCA) is the pick of today's quarterly earnings announcements.

Advanced Micro Devices (AMD): The semiconductor stock gets moved to Neutral from Sell at MKM Partners.

Consolidated Edison (ED): Impressed by both stronger growth and an attractive dividend yield, Argus increases ED to Buy from Hold with a $66 target price.

Deutsche Telekom (DTEGY): Deutsche Bank boosts its compatriot to Buy from Hold.

eBay Inc. (Nasdaq:EBAY) Shares are up before the opening bell on a boost to Buy from Neutral at Nomura. PayPal's growth and profitability is a positive. The target is also taken up, to $60.

Enbridge Inc. (ENB): BMO Capital gives an Outperform-from-Market Perform boost to ENB.

Ryder System (R): Shares are upgraded to Buy from Neutral at SunTrust.

SBA Communications (SBAC): The stock is now Buy from Neutral at Citigroup amid potential upside to 2013 earnings estimates.

Thoratec (THOR): THOR is taken to Outperform from Neutral with Wedbush.

(See also: Stock Downgrades: Fast Money Runs From Sprint and New Stock Coverage: TripAdvisor Going Places.)
< 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.
Featured Videos