Feb.13 - U.S. stocks are rising as Greece's parliament approved strict financial reforms, and analysts rush to recommend Apple as shares crack the $500 level for the first time ever.
Checking in on trading at noon Wall Street isn't any higher with the F and 500 Rico they nearly all of that -- from the previous session after Greek lawmakers back drastic budget cuts in exchange rate 130 billion Euro bail out. From the EU and -- and yes -- prices have been a hundred bucks a barrel reacting to news out of -- Leading S&P 500 higher at this hour to GAAP financials they're up just about 8%. A big part of the story on the NASDAQ is apple shares cracking 500 dollar level for the first time this morning. Think that's expense and we'll start behind 5257. Analyst -- I or strong -- on the stock and the mean price target on Wall Street is 568. Dollars and 49 cents. And get it using -- -- intrinsic value model. Apple is undervalued and here's should be worth just north of 635. Dollars. For the record if they climbed roughly 7% from here Apple's market -- will break through to five dollars. Apple on a roll this year -- -- annual public opinion poll on corporate brands revealed that apple has the best image of any American company. The Cupertino California company zoomed ahead of last year's grand champ Google. Coca-Cola Amazon.com and Kraft -- secured the third. Fourth and fifth slot. Well guess he's not getting any -- that apple it is banks and other Wall Street firms. AIG ranks last in the research companies surveyed falling behind Goldman Sachs. And Bank of America. Details of president Barack Obama's election year budget are out as expected is calling for higher taxes on the rich. A minimum -- 30% tax on millionaires so called Buffett rule. He's combining that with aggressive spending more than 800 billion dollars on job creation infrastructure to boost growth. Republicans controlled House of Representatives have made it crystal clear that Obama's budget will be dead on arrival. As both sides prepare for an election year battle over taxes spending. And the size of the -- this. An African stocks to watch shares of regeneron pharmaceuticals right now story they're up more than 12% after the company up 2012 sales forecast sports drug. Imovie app and here's a deep balls are up as well there just about 8% after the AT and maker reported quarterly profit that beat analysts' expectations. And forecasts strong 2012. That's up or trading it in on Ted Rogers this is Reuters.