Urban Outfitters is upgraded at 2 firms, and Seattle Genetics is initiated with a 'hold.'
Retail stocks are fluctuating on earnings reports and analyst calls.
AstraZeneca is downgraded to 'underweight,' and Oracle is initiated with a 'buy.'
The stock jumps 21% after the retailer reported a quarter of gains at its Ann Taylor and Loft stores.
| Tags: | GPSKim Peterson |
Stocks get a modest boost from better-than-expected consumer confidence reading and leading economic indicators reports.
But they are more reluctant to drop their money at Starbucks.
| Tags: | GPSJonathan BerrSBUX |
Leading economic indicators are also up. Global markets climb as Germany's Merkel backs the euro and the ECB. Apple hits a new high. Gap beats estimates, while Aeropostale misses. Marvell's results disappoint, and Groupon drops on a downgrade.
One of the First Lady's favorite clothing retailers is trying its luck in the world's most populous nation, but Chinese shoppers may be puzzled by the brand.
| Tags: | GPSMTGTTheWeek.com |
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