Stocks felt choppy all day, although the late day move and afternoon stability allowed stocks to have another solid day. Housing starts added some strength, and the buyers are still deciding they need to be in rather than out of the market. Here are today's unofficial closing bell levels:
Dow 8,746.51 +25.07 (0.29%)
S&P 500 945.36 +2.49 (0.26%)
Nasdaq 1,836.89 +8.21 (0.45%)
Top Analyst Upgrades
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Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) continued its major run up after more than a 300% rise from its lows over the last year. This is due to persistent interest in this sector, along with exponential rises seen at other coffee related stocks. Shares a were up 3% at $85.50 shortly before the close.
Ford Motor Company (NYSE: F) rallied again on news that the auto sales were not as bad as expected. Imagine -24% sales being a good number! Ford's common stock was trading up over 4% at $6.40 late in the day.
NetApp, Inc. (NASDAQ: NTAP) fell sharply after the company's planned buyout of Data Domain was trumped by EMC Corporation. Shares were down a sharp 6% to $9.39 late in the day.
JPMorgan Chase & Co. (NYSE: JPM) was down almost 4% at $34.80 late in the trading day. Jamie Dimon and friends decided to sell $5 billion in common stock in a less smooth manner than prior offerings.
Bank of America Corporation (NYSE: BAC) rose despite word that it contributed $7 billion more to its capital cushion the Federal Reserve wanted it to raise. The real win here was its negotiated draw down against preferred stock for more shares of common stock, thus driving down its short term liabilities.
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