Today's run might be more banked on Indian election results, one earnings report, and an analyst upgrade. The National Association of Home Builders reported a slightly more optimistic builder report as well, but today's gains were well entrenched with or without housing data. To show just how much these Indian stocks were up, here is a full list of how much these were up around the open. Here are today's unofficial closing bell levels:
Dow 8,506.31 +237.67 (2.87%)
S&P 500 909.76 +26.88 (3.04%)
Nasdaq 1,732.36 +52.22 (3.11%)
Top Analyst Upgrades
Top Analyst Downgrades
52-Week Highs
American International Group, Inc. (NYSE: AIG) was even up today on reports that it was speeding up its plans to list its Asian subsidiary, AIA, via an IPO to raise $5 to $10 billion. This will be used to help repay the government. Shares were up 5.3% at $1.81 before the closing bell.
Bank of America Corporation (NYSE: BAC) was a winner with shares up almost 10% late in the day at $11.70 after Goldman Sachs Group, Inc. (NYSE: GS) raised its rating and put it on the "Conviction Buy List" and doubled its price targets. Even Goldman Sachs was up over 4% at $140.65 late in the day.
Lowe's Companies Inc. (NYSE: LOW) was up almost 8% at the end of the day with a $19.85 price after strong earnings this morning. The company posted $0.32 EPS vs. $0.25 estimates.
Palm, Inc. (NASDAQ: PALM) was up again on the list of 52-week highs, and it has not even released that Palm Pre touch-screen smartphone yet. After hitting $12.05, that was above its 52-week range of $1.14 to $11.80.
State Street Corp. (NYSE: STT) is paying off the TARP balance. It is planning a $1.5 billion capital raise and shares were up all day. This one was up over 6% at $41.10 shortly before the close.
Time Warner Inc. (NYSE: TWX) is looking like it scored a coup on its investment into Central European Media Enterprises, Ltd. (NASDAQ: CETV). This was up significantly from March when the deal was announced.
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