Investors were unable to move the markets in a meaningful way on Monday as the news has been slow from both an earnings standpoint and an economic one. Of the three major indices, the Nasdaq is the one trading in positive territory as Intel (NASDAQ:INTC), Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) are are higher today.
Intel shares received a boost today after Piper Jaffray upgraded shares from underweight to neutral as the current dividend yield is greater than 4% and that should buoy the stock. In the report, Piper Jaffray set a price target of $22. Also upgraded in the semiconductor sector was Applied Materials (NASDAQ:AMAT). DA Davidson upgraded shares from neutral to buy citing valuation. DA Davidson set a $18 price target in the report.
After the bell, investors will have a light slate of earnings reports to review, with Urban Outfitters (NASDAQ:URBN) being the most notable of the group. Tomorrow morning, investors will have reports from Barnes & Noble (NYSE:BKS), Best Buy (NYSE:BBY) and Dick's Sporting Goods (NYSE:DKS).
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