The S&P 500 was up 0.8% to 2,121.34.
The Dow Jones Industrial Average was up 0.7% to 18,170.39, and the Nasdaq was up 1.1% to 5,090.01.
The yield on a 10-year Treasury bond was up 1% to 2.16%.
The price of gold was flat at $1,186.
TECHNOLOGY
Irvine-based Broadcom Corp. was up 2.4% to $48.20 and a $28.8 billion market cap. Analysts at Bank of America Corp.’s Merrill Lynch unit reiterated a buy rating with a price target of $54 and long-term valuation at $68 a share, citing the chipmaker’s strong fundamentals and stable Wi-Fi business.
RESTAURANTS
Huntington Beach-based BJ’s Restaurants was up 2.3% to $46.59 and a $1.2 billion market cap. Analysts at Stephens & Co. upgraded the company’s shares to “overweight” from “equal weight” and raised its price target to $58 from $55, citing the casual dining chain’s long-term growth prospects in both traffic and check size.
APPAREL
Huntington Beach-based Quiksilver Inc. was up 2.8% to $1.45 and a $249 million market cap. The surfwear maker is expected to report quarterly numbers after markets close on Monday, June 1.
SERVICES
Irvine-based Autobytel Inc. was up 3% to $17.90 and a $188 million market cap, recovering losses from yesterday and returning to price levels hit after it acquired a competitor Friday and analysts at Ascendiant Capital Markets and B. Riley reiterated “buy” ratings for shares of the automobile-leads provider on price targets of $19 and $20.50, respectively.
