If you're feeling good about the market, you're not alone. Take my hand as we go over some of this week's more uplifting headlines.
1. Sowing the seeds of love
Just when it seemed as if fertilizer maker Yongye International
Morgan Stanley announced that its Asian private equity unit would be making a $50 million investment in the company, with its managing director joining the company's board. Yongye's CEO initiated a plan to buy $3 million in stock.
At a time when credibility was crumbling, Yongye made the right moves.
2. Sirius upside
Sirius XM Radio
A healthier economy and strong car sales helped trigger the analyst upgrade, though generally weak auto sales for the month of May dinged up the stock on Wednesday and Thursday.
Sirius XM still relies on healthy automotive sales to fuel subscriber growth.
3. Driving on the information superhighway in China
A dot-com darling and a dot-com laggard are teaming up to beef up car-related content in China.
As China's leading search engine, Baidu is no stranger to growth stock investors. Bitauto, on the other hand, can use every prolific handshake it can square away.
Bitauto has been a bit of a car wreck since going public at $12 last year. The leading provider of car information and current pricing throughout China has seen its shares fall into the single-digit ditch that seems to be catching a lot of the country's second-tier Internet stocks these days.
Even if this yearlong agreement doesn't move the needle for Bitauto, it's already a winner by association.
4. It's a petting zoo
Travel deals publisher Travelzoo
Morgan Keegan's Justin Patterson feels that Travelzoo is a bargain after shedding nearly a third of its peak value. Patterson sees potential in Travelzoo's Groupon-esque initiatives as a strong growth catalyst, so he's raising his earnings targets for the online speedster. The analyst now sees Travelzoo coming through with an adjusted profit of $1.68 a share this year and $2.54 a share come 2012.
Patterson is maintaining his $101 price target, but lifting his rating from market perform to outperform.
Yes, Travelzoo is trading at a lofty valuation, but did you catch last night's news about Groupon filing to go public? The Groupon hype is likely to help build investor excitement for the already-public companies with similar offerings.
Morgan Keegan's analyst is fashionably early, despite the stock's heady run since it bottomed out in the low teens last summer.
5. Booking a flight from Miami to Dallas
American Airlines parent AMR
However, a legal defeat for AMR this week is good news for both consumers and Orbitz Worldwide
Shares of Orbitz popped 29% higher yesterday after a judge ordered AMR to resume listing its flights on the fledgling travel portal. No one wants to visit an incomplete booking website, and the customers who do aren't getting the full range of travel options. Regardless of whether you think Orbitz or AMR was in the right in this months-long scuffle, they should all come out ahead working together than venting apart.
I wonder how many basketball fans will be flying American from Miami to Dallas this weekend?