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Stock Upgrades: TJX Taking It to the Maxx


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

MINYANVILLE ORIGINAL Apple Inc. (AAPL) agreed to pay its store employees more than the current $9-$15 dollars per hour; a penny for the thoughts of Steve Jobs, who made do on a dollar a year. Career Education (CECO) surged 8.18% after being among 16 such stocks to receive an analyst initiation. (If you just want the quick CliffsNotes version consult John Wiley (JWB). It makes the study guides - and also For Dummies, although no thanks to Jim Carrey - and gained 3.80%). Nathan's Famous (NATH) franks jumped 1.34% to a historic high but Hebrew National hot dogs may no longer, in its words, "answer to a higher authority." Banco Santander (SAN) ended up 3.30% and continues to benefit from last week's change of its stock symbol from the longtime, and singularly unfortunate, STD. Hooker Furniture (HOFT), which tumbled 2.92%, should surely consider a similar re-branding.

Today in economics, May Leading indicators and existing home sales, along with the Philadelphia Fed Index for June, are all out at 10:00 a.m. Eastern. In earnings action, American Software (AMSWA), Apollo Group (APOL),CarMax (KMX), Carnival Corp (CCL), ConAgra (CAG), and Rite Aid (RAD) are all due to report results.

Building materials: CEMEX S.A. (CX) is now Neutral from Underweight at HSBC, which takes France's LaFarge (LFRGY) to Overweight from Equal Weight.

EQT Corp (EQT): EQT is upgraded to Buy from Hold at Deutsche Bank.

MedAssets (MDAS): MDAS gets moved to Buy from Neutral at UBS.

NuVasive (NUVA): NUVA is now Outperform from Market Perform with Wells Fargo.

Onyx Pharmaceuticals (ONXX): Shares are upgraded to Outperform from Neutral at Cowen & Company. Kyprolis approval appears likely on on July 27. (See also Onyx Pharmaceuticals Wins US Panel's Backing for Cancer Drug.)

Seadrill Limited (SDRL): HSBC Securities upgrades the oil and gas exploration outfit to Overweight from Equal Weight.

Sovran Self Storage (SOV): Shares are boosted to Buy from Hold at Keybanc.

The TJX Companies (TJX): The discount retailer, recently trading at all time highs, is upgraded to Outperform from Market Perform at Wells Fargo.

V.F. Corp (VFC): The stock is added to Citigroup's list of Top Picks Live.

Xylem (XYL): Shares are upgraded to Buy from Neutral at Janney Montgomery Scott.

(See also: Stock Downgrades: Under Armour Under Water and New Stock Coverage: 1-800-Flowers Coming Up Roses.)
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No positions in stocks mentioned.
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