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Closing Bell: Bulls start getting drunk (MO, AIG, BA, C, HOG, IMMU)

This morning's revised GDP and still high jobless claims were of no concern to the bulls. After a key DJIA component had news, and after interest perked back up in the financial stocks, traders forgot about selling and just started buying all over again. Seven days in a row of an up market is becoming a normal event, it seems.

Here were today's unofficial closing bell levels:

Dow 9,576.47 +32.95 (0.35%)
S&P 500 1,030.91 +2.79 (0.27%)
Nasdaq 2,028.09 +3.66 (0.18%)

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Continue reading Closing Bell: Bulls start getting drunk (MO, AIG, BA, C, HOG, IMMU)

Analyst initiations 2-20-07: Actions Semi started with Outperform

MOST NOTEWORTHY:
  • Actions Semiconductor Co., Ltd. ADS (NASDAQ:ACTS) was the only noteworthy initiation today. Shares of the fabless semiconductor company were started with an Outperform rating and $10 target at Pacific Crest. The firm believes Actions is a cheap way to play the world's largest MP3-controller vendor.
OTHER INITIATIONS:
  • Lazard started Immunomedics, Inc. (NASDAQ:IMMU) with a Buy rating and $6 target.
  • SuperValu, Inc. (NYSE:SVU) was initiated at Morgan Stanley with an Equal Weight rating.
  • CIBC started Cameco Corp. (NYSE:CCJ) with a Sector Outpeformer rating, with expectations for uranium demand to stay robust.
  • HSBC Holdings initiated shares of Liberty Global, Inc. (NASDAQ:LBTYA) with an Overweight rating.
  • AG Edwards initiated Spectra Energy Corp. (NYSE:SE) with a Hold rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 28, 2012: 10:05 AM

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