Li & Fung Ltd., the world’s largest supplier of clothes and toys to retailers, surged the most in more than four years after saying its business is recovering and operating earnings are set to pick up later this year.
Investors had declared the stock of AllianceBernstein Holding LP a loser. From Jan. 1, 2010, to Aug. 23, 2012, it had declined 43 percent compared with a 33 percent gain for the Standard & Poor’s 500 Index. Nevertheless, on that day, Credit Suisse Group AG analyst Craig Siegenthaler lifted his rating on the New York-based money manager’s shares to a buy.
Build America Bonds, the federally subsidized municipal bonds orphaned in 2010 after Congress failed to extend their life, are beating Treasuries and corporate debt even as the taxable securities are poised to record their first losing year.