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Stock Upgrades: Domino's Not Dropping Anytime Soon


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

MINYANVILLE ORIGINAL While our own 10-year note yield fell to the lowest level on record, which indicates - for what it's worth - that America is still able to borrow its way out of a debt crisis - the Iberian equivalent hit a eurozone era record low. The country that claims ownership of the sun could only watch in horror as JA Solar (JASO) fell 5.00% to near a new trough.

Meanwhile another alternative energy source, turbine maker American Superconductor (AMSC), was right behind it in slumping 4.99%. Sadly, it seems even tilting at windmills is no longer profitable for the land of Don Quixote. Economic bellwether United Parcel Service (UPS), founded in the financial panic of 1907, gave investors more acute anxiety as it tumbled 4.62% after announcing earnings.

Today in economics, analysts expect an increase in June new home sales at 10:00 a.m. Eastern. It's Hump Day of another frenzied week for Q2 earnings announcements, with ArcelorMittal (MT), Boeing (BA), Caterpillar (CAT), Daimler (DDAIF), Ford (F), GlaxoSmithKline (GSK), Nintendo (NTDOY), RadioShack (RSH), and Visa (V), all due to report results.

Amgen (AMGN): Credit Suisse boosts the world's biggest biotech to Outperform from Neutral.

Chipotle Mexican Grill (CMG): Shares are higher ahead of the open on an upgrade to Buy from Hold at Miller Tabak, whose target is $350. Despite recent troubles, top-line growth prospects are still seen as among the best in the industry.

Dole Food (DOLE): The stock gets an unusual 180 degree (Buy-from-Underperform) upgrade at Bank of America-Merrill Lynch.

Domino's Pizza (DPZ): Shares are upgraded to Conviction Buy from Neutral at Goldman Sachs amid emerging market expansion and stable same-store-sales.

Group 1 Automotive (GPI): GPI gets upgraded to Buy from Neutral at Goldman, whose target is $52.

Illumina (ILMN): ILMN is upgraded to Outperform from Sell at Crédit Agricole.

Intuitive Surgical (ISRG): The company is boosted to Buy from Hold at Mizuho.

J & J Snack Foods (JJSF): Shares are upgraded to Buy from Neutral at Janney Capital.

Publicis Groupe (PUBGY): The French ad firm is now Overweight from Neutral at HSBC Securities.

Regions Financial (RF): RF gets raised to Buy from Neutral at SunTrust.

Riverbed Technology (RVBD): RVBD is upgraded to Sector Perform from Underperform at RBC Capital.

Sunstone Hotel (SHO): Shares are upgraded to Outperform from Neutral at Robert W. Baird.

Thomson Reuters (TRI): TRI is taken to Buy from Neutral at Citigroup.

Whirlpool (WHR): Shares are upgraded to Outperform from Market Perform at Raymond James.

(See also: New Stock Coverage: Legg Mason on Last Legs? and Stock Downgrades: Rotten Day for Apple.)
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