Futures for the leading stock indexes are up close to 2% this morning, as investors celebrate the fact that the US government still has at least a minimal capacity to govern.
US Steel‘s (X) stock is up more than 4.5% after it was upgraded to a Buy rating by analysts at Credit Suisse.
Shares of Zipcar (ZIP) are leading the market, up roughly 48%, after Avis Budget Group (CAR) said it would buy the car sharing network for $500 million in cash, �a 49% premium on Monday’s closing price.
Bank of America (BAC) is up about 3.5% on heavy trading volume. Analysts at Evercore added BofA to their conviction buy list, though given that the stock doubled in price in 2012, the move may be one year too late.
On what’s shaping up to be a good morning for stocks, Molycorp (MCP) is also rising, up 8.5% at the latest. I’ll just note that more than half — 53% — of Molycorp’s entire float is held by short sellers.
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