Nuts, bolts, and ball bearings may make for a mighty boring market, but who needs sexy when dull works so well? Equities scored their third straight increase thanks to an S&P 500 Index
(INDEXSP:.INX)-best 6.02% surge in Fastenal
(NASDAQ:FAST), maker of the first two utilitarian items, and an NYSE-leading 23.01% advance in Kaydon Corp.
(NYSE:KD), manufacturer of the latter. Elsewhere a new survey linked low income to migraines
, a headache only compounded by Aspirin owner Bayer
(OTCMKTS:BAYRY) falling 1.93% on an otherwise up day. Staying in Germany, Bayerische Motoren Werke
(OTCMKTS:BAMXY) — BMW to you and me — jumped 5.48% to hit its highest level in over two decades. Last month a study redundantly revealed its divers really are utter jerks
, a finding freshly corroborated by one of its speedsters just arrested in New York
. These days, its equity owners can clearly afford to be equally arrogant.
Today’s quarterly earnings announcements are expected to include Layne Christensen
(NASDAQ:LAYN), Mattress Firm Holding
(NASDAQ:MFRM), Smithfield Foods
(NYSE:SFD), and UTi Worldwide
(NYSE:ACI): Macquarie has a new Neutral on the commodity company.
(NASDAQ:DWCH): Canaccord Genuity covers the business software company at a Buy.
: Nomura rolls out new Neutrals on Daimler
(OTCMKTS:DDAIF) and Volkswagen
(OTCMKTS:VLKAY) but is more bullish on Buy-rated Bayerische Motoren Werke
(OTCMKTS:BAMXY), better known as BMW.
: Wunderlich has Holds on Brinker International
(NYSE:EAT) ($44 target price), Cracker Barrel
(NASDAQ:CBRL) ($106), Darden Restaurants
(NYSE:DRI) ($50), and Ruby Tuesday, Inc.
(NYSE:RT) ($8). It is more upbeat on Jack In The Box
(NASDAQ:JACK) and Sonic Corporation
(NASDAQ:SONC), both Buy rated with respective price objectives of $46 and $19.
: Yelp Inc
(NYSE:YELP) is up impressively this morning after being begun with a Buy opinion and $81 objective at Deutsche Bank, which has a Hold rating and $83 target on Zillow Inc
Jones Energy Inc
(NYSE:JONE): Shares are assigned an Overweight at JPMorgan.
(NYSE:MXL): The stock is started with a Buy and $11 objective at Benchmark, which lauds its high gross margin and strong revenue growth.
Mettler-Toledo International Inc.
(NYSE:MTD): Morgan Stanley starts the equity at Overweight.
(NASDAQ:OPEN): The online restaurant reservation outfit is assigned an Equal Weight by Barclays.
Rush Enterprises, Inc.
(NASDAQ:RUSHA): The commercial vehicle company is launched with a Buy at Longbow.
(NYSE:NOW): Canaccord Genuity covers the stock at at Buy.
(NASDAQ:SFLY): Shares are set an Overweight at Barclays.
(NASDAQ:SPLK): The application software outfit, upgraded exactly one week ago
, clearly likes Fridays. Today it is begun with a Buy at Canaccord.
Under Armour Inc
(NYSE:UA): Jefferies has a Hold on the sweat-resistant athletic apparel outfit, shares of which have lately traded atop historic highs. Its price objective is $71.
(See also: Stock Upgrades: Days of Wine and Roses at Constellation Brands
and Stock Downgrades: Mannkind Suffers the Cruelest Cut
No positions in stocks mentioned.
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