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Stock Upgrades: Sally Beauty Looks Like a Million Bucks

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

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MINYANVILLE ORIGINAL Netflix (NFLX) jumped 13.44% to top the S&P 500 after surpassing one billion streaming hours in a month for the first time ever. (For those old souls who prefer late fees with their VHS rentals, there's always Hollywood Video, in chapter 11 but on the attack.)

Financials were again the poorest performing sector. British bank Barclays (BCS), downgraded this morning, fell once more to take its 12-month tumble to 37.57%. Its role in the London Interbank Offered Rate market may be arcane but boy, it doesn't half make good headlines.

"Dewey Defeats Truman" was one of history's most memorable headlines and CNN recently updated it for the Twitter generation; shares of corporate owner Time Warner (TWX) fell a further 1.42%.

Aviva (AV): AV is higher ahead of the opening bell on a boost to Hold from Sell at Société Générale.

Sally Beauty (SBH): Bank of America-Merrill Lynch boosts the cosmetics company to Buy from Neutral.

(See also: Stock Downgrades: Deckers Outdoor Can't Get Up Off the Floor and New Stock Coverage: Limited Upside for Limited Brands.)
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.

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