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General Dynamics?(GD), which makes Gulfstream business jets, surged 6.90% to a fresh 52-week peak but?an unloved?Amgen?(AMGN) had better?get rid of its own one quick after imploding 6.94% in its worst single session showing for several years.
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Elsewhere, even old reliables mom and Apple?(AAPL) pie failed to reward investors with Ma Bell?AT&T?(T) tumbling 5.03% and the erstwhile tech titan taking its 2013 decline to 24%. And the John Thain portfolio proved particularly profitable. The CEO of?upgraded?CIT Group?(CIT) saw that stock surge 4.26% while his?longtime nickname iRobot (IRBT) rose 13.71% to a fresh 52-week peak and the?Superman lookalike will have equally enjoyed a 5.44% jump in US Steel (X).
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The single busiest day of earnings season has arrived with Amazon (AMZN), AstraZeneca?(AZN),?Bristol-Myers Squibb (BMY), Coca-Cola (KO), ConocoPhillips (COP),?Exxon Mobil?(XOM),Gazprom?(PINK:OGZPY),?JetBlue Airways (JBLU),?Starbucks?(SBUX), and United Parcel Service?(UPS) all due to report results.
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Akamai Technologies?(AKAM): JPMorgan moves the stock to Neutral from Overweight.
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Apple Inc.?(AAPL): Amid optimism over its dividend and stock repurchase program, Hilliard Lyons lifts the troubled tech titan to Buy from Long-Term Buy.
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Asbury Automotive?(ABG): ABG gets increased to Buy from Hold at Craig Hallum.
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Canadian Pacific Railway?(CP): Raymond James juices its rating to Outperform from Market Perform.
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Cheesecake Factory?(CAKE): CAKE is now Neutral from Underperform at Buckingham Research.
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Crown Castle International?(CCI): Macquarie moves the company to Outperform from Neutral.
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Edwards Lifesciences?(EW): Calling yesterday?s NYSE-worst 21.99% tumble excessive, Northland Capital lifts the stock to Market Perform from Underperform.
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F5 Networks?(FFIV): The company is upgraded to Buy from Neutral at Nomura.
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Federal-Mogul?(FDML): Shares are now Neutral from Sell at Goldman Sachs.
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First Niagara?(FNFG): Raymond James raises the Savings & Loans stock to Market Perform from Underperform.
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Infinera?(INFN): Shares are now Buy from Hold with a $12 target at Needham, which notes robust orders from both new and existing customers.
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IPC The Hospitalist Company?(IPCM): The health services provider gets a Buy-from-Hold hoist at Deutsche Bank.
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Lumber Liquidators?(LL): Stifel lifts LL to Hold from Sell.
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Potlatch?(PCH): Raymond James increases the industrial Real Estate Investment Trust to Outperform from Market Perform.
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Procter & Gamble?(NYSE:PG): The?Dow member, whose brands include Bounty, Crest, and Tide, is today taken to Buy from Neutral at SunTrust. Yesterday?s 5.88% stock slide, its worst showing for about four years, provides investors with an attractive entry point in the broker?s estimation. Shares are, accordingly, rebounding before the bell as I write.
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Residential REITs: FBR Capital raises Real Estate Investment Trusts?Annaly Capital (NLY) ? Perform from Underperform, taking its target price to $15.50 from $13.50 ? and Two Harbors?(TWO) ? added to its Top Picks list. Catalysts include recent home price appreciation and improvements in sub prime credit quality.
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ServiceNow?(NOW): Shares are moved to Buy from Neutral at Mizuho, which also increases its price objective to $45 from $35 on a stock it says stands to benefit from an ongoing secular shift to hosted applications.
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TriQuint Semiconductor?(TQNT): Raymond James takes TQNT to Market Perform from Underperform.
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Waste Management?(WM): Shares are taken to Buy from Hold with Wunderlich, whose objective also increases to $43 from $35. Meaningful margin expansion can occur from current levels, in its opinion.
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Yum Brands?(YUM): An impressive earnings release sees the owner of KFC, Pizza Hut, and Taco Bell score a Market Perform-from-Underperform upgrade at Raymond James.
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Zoetis?(ZTS): The animal health outfit, a recent spin-off from?Pfizer?(PFE), is boosted to Market Perform from Underperform by BMO Capital.
(See also: New Stock Coverage: Sink Your Teeth Into Diamondback Energy and Stock Downgrades: McGraw-Hill Has Mountain to Climb.)
No positions in stocks mentioned.
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