The Ticker
A look back at the past week on Wall Street
What’s hot
Several leading brokerages were bullish on Altera this week and the semiconductor maker’s stock responded, rising $6.12 Thursday before profit taking cut off 75 cents Friday. The jump meant Altera ended the week at $59.25. … Another stock that benefited from a bullish prediction was Intel, the Santa Clara, Calif.-based computer chip maker. Morgan Stanley upgraded Intel’s stock to strong buy from outperform. Intel’s stock rode the rating higher Friday, finishing the week at $105.37-1/2, up $5.50.
What’s not
The future’s so bright… well, no it isn’t. At least not for Sunglass Hut International, prime outlet for Oakley sunglasses. Sunglass Hut let investors know Thursday that earnings for the current quarter could fall below forecasts, driving the company’s stock down more than almost $5. The fallout also hit Oakley, which depends on Sunglass Hut for distribution. Oakley stock was down about $8 Thursday, before finishing the week at $19.25, a rebound of 50 cents. … It’s possible not even Spiderman could save the Marvel Entertainment Group now. With a big third-quarter loss ahead, the maker of comic books, trading cards and toys seems destined for a price drop. Friday the stock fell $1, ending the week at $4.62-1/2.