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Here at home volume remained anemic as investors opted to stay on the sidelines ahead of this morning?s payroll employment report, which showed the June jobless rate remained unchanged at 8.2%.
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Some stocks did post strong showings, notably?James River Coal?(JRCC), which added on another 15.61% to its recent surge, and plain old?Kohl?s Corp. (KSS), the retailer rising 6.26% after reporting same store sales. Fourth of July fireworks sponsor?Macy?s?(M) held on to a warm afterglow, advancing 2.73%.
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Imperva?(IMPV): Shares are initiated with an Outperform at William Blair.
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Limited Brands?(LTD): The Victoria?s Secret owner is launched with a Market Perform at Wells Fargo, which sees fair value in the $44-$47 range.
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Teradyne?(TER): The stock is a Sector Perform at Pacific Crest.
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Watsco?(WSO): Goldman Sachs starts the name at Neutral.
(See also: Stock Upgrades: Sally Beauty Looks Like a Million Bucks and Stock Downgrades: Deckers Outdoor Can't Get Up Off the Floor.)
No positions in stocks mentioned.
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