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Closing Bell: A quiet day that didn't look quiet (BRK.A, BBI, SLM, SIRI, SWI, STT)

Despite us being on the heels of the big Russell indexes changing and despite the quarter-end being a day away, this was a boring day. A study showed a small decrease in online job advertisements, but that was the only item on the economic front. Oil traded higher and bond yields came down as traders are voting for more stability the rest of the year there.

Here are today's unofficial closing bell levels:

Dow 8,531.19 +92.80 (1.10%)
S&P 500 927.18 +8.28 (0.90%)
Nasdaq 1,843.34 +5.12 (0.28%)

Top Analyst Calls

Continue reading Closing Bell: A quiet day that didn't look quiet (BRK.A, BBI, SLM, SIRI, SWI, STT)

Analyst upgrades, downgrades and initiations: WTR, GIL, STT, EHTH, AKZOY, MEOH, UTHR and HGG

Analyst upgrades:
  • Janney Montgomery upgraded Aqua America (NYSE: WTR) to Buy from Neutral on valuation, viewing the recent weakness as a buying opportunity. The firm has a $19 target on the stock.
  • UBS upgraded Gildan Activewear (NYSE: GIL) to Buy from Neutral due to customer Broder's improved liquidity and the improved outlook for margins.
  • RBC Capital upgraded State Street (NYSE: STT) to Top Pick from Outperform and raised its target to $55 from $40. The analyst said the $2B capital raise addresses TCE ratio concerns and large unrealized losses in the investment portfolio.
  • Sherwin-Williams (NYSE: SHW) was upgraded to Overweight from Neutral at JP Morgan.
  • Advance Auto Parts (NYSE: AAP) was upgraded to Buy from Underperform at Banc of America/Merrill.
  • M&T Bank (NYSE: MTB) was upgraded to Outperform from Market Perform at Bernstein.

Continue reading Analyst upgrades, downgrades and initiations: WTR, GIL, STT, EHTH, AKZOY, MEOH, UTHR and HGG

Market highlights for next week: Disney and Cisco reporting quarterly results

Monday, February 4
Tuesday, February 5

Continue reading Market highlights for next week: Disney and Cisco reporting quarterly results

Symbol Lookup
IndexesChangePrice
DJIA-5.1410,286.12
NASDAQ+4.242,171.14
S&P 500-0.251,098.26

Last updated: November 12, 2009: 10:40 AM

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