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"Take me out to the ballgame, take me out to the crowd ... Buy me some peanuts and ... tofu dogs?"

Several years ago, if you were a baseball fan and a vegetarian, you were practically out of luck, left to dine on nachos, French fries, and the occasional cotton candy. But as we are becoming a less carnivorous society, some ballparks are choosing to adapt, adding veggie-friendly items to their menus.

Last week, People for the Ethical Treatment of Animals (PETA) released its list of the top 10 vegetarian ballparks. Making the list were Citizens Bank Park, home of the Phillies, as well as AT&T (NYSE: T) Park, where the San Francisco Giants play, and Atlanta's Turner Field - home of the Brave(s).

Here are some highlights from this past week's earnings coverage from BloggingStocks:

• American Eagle Outfitters Inc. (NYSE: AEO) reported better-than-expected Q1 earnings, lifting shares.
• AutoZone Inc. (NYSE: AZO) posted a better-than-expected Q3 profit said it will continue to buy back shares.
• Bank of Montreal (NYSE: BMO) reported lower Q2 earnings and also announced 1,100 layoffs.
• Big Lots Inc. (NYSE: BIG) higher Q1 earnings topped estimates even though same-store sales fell.
• BioMed Realty Trust Inc. (NYSE: BMR) earnings prospects after the recent capital raise led to a downgrade.

As families prepare to hit the roads for their summer vacations, AutoZone Inc. (NYSE: AZO), the nation's largest auto parts supplier, and Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL), a staple for the hungry traveler, both topped Wall Street expectations in their quarterly earnings reports Wednesday.

For its fiscal third quarter, Memphis-based AutoZone reported that net income increased 9.5% from the year-ago quarter to $173.7 million, or $3.13 per share. It was the eleventh consecutive quarter of double-digit earnings per share growth. Net sales of $1.7 billion for the quarter ended May 9, represent a 9.3% increase from a year ago. Domestic same-store sales increased 7.4% for the quarter.

After the Memorial Day holiday in the United States, the earnings spotlight turns to Canadian banks: Bank of Montreal (NYSE: BMO), Canadian Imperial Bank of Commerce (NYSE: CM), Royal Bank of Canada (NYSE: RY), and Toronto-Dominion Bank (NYSE: TD) are all scheduled to report their second-quarter results.

While banks north of the border of generally have held up better than their U.S. counterparts, analysts surveyed by Thomson Reuters expect the four listed above to report that earnings declined between 20% and 30% since the same period of last year. All four have P/E ratios around 10, and they are paying dividends. Shares of all four have surged 50% to 83% in the past three months, but are still 26% to 38% lower than a year ago.

TheStreet.com's Jim Cramer is seeing signs of a coming boom, but he's still being cautious here.

If you had to define the early cycle, if you had to outline what stocks should be soaring coming out of a recession into a boom and which ones should be faltering, you would have to say the action in this market in the last month is the quintessential behavioral pattern.

What are the components of the early cycle? First, it's the homebuilders. As is typical coming out of a recession, the stocks precede the bottom of housing. That's exactly what's happening with the lowest permits and highest affordability and best mortgage rates and massive inventory. Everywhere, except on Wall Street reporting, the bottom is bursting out. When you read the lead story in the Sunday Philadelphia Inquirer, and it is all about the thousands of prospective homebuyers heading south to pick up condos and homes for half of what they were worth two years ago -- or even less -- and you know that virtually no one has broken ground in the Sunshine State in a year, you can bet that the bottom's actually behind us. This housing market has wiped out all but the most stable private builders and even the public ones are merging as we know from Pulte (NYSE: PHM) (Cramer's Take) and Centex (NYSE: CTX) (Cramer's Take). So, in the next cycle, you can see some profitability developing year over year even though the new homes don't have much margin because the foreclosed homes next door are going for a song. And don't believe this won't change the dynamic of future foreclosures. In most areas, rent is higher than the interest on mortgages, so you will find that second or third job needed to stay in your home. The incentive structure's radically different than a year ago.

• Citigroup upgraded Abbott Lab (NYSE: ABT) to Hold from Sell on valuation following the stock's recent underperformance. The firm maintains a $48 price target.
  
• Deutsche Bank upgraded shares of Pepsi Bottling (NYSE: PBG) and Dr. Pepper Snapple (NYSE: DPS) to Buy from Hold as they believe carbonated soft drinks market is showing signs of stabilization. The firm raised its price target on Pepsi Bottling to $28 from $25 and on Dr. Pepper Snapple to $22 from $20.
  
• Baird upgraded CommScope (NYSE: CTV) to Outperform from Neutral and raised their target to $19 from $10 as they expect fundamentals to bottom in Q1 and ramp strongly in Q2 as wireless capex outlook improves.
• Sinopec Shanghai (NYSE: SHI) was raised to Buy from Sell at Goldman.
  
• TRW Automotive (NYSE: TRW) was upgraded at JP Morgan to Neutral from Underweight.

The U.S. stock market remains highly selective: select the wrong stock, and there's a 30-40% haircut up ahead; select the correct stock, and you're positioned for the recovery with modest downside exposure. And with the above in mind, AutoZone (NYSE: AZO) is worth a review.

AutoZone represents a good example of a defensive/growth hybrid -- a rare combination. The defensive aspect is its auto parts business for do-it-yourself auto repair enthusiasts, known as the aftermarket: the recession means more American motorists will perform selected, preventative maintenance themselves. The growth aspect involves AZO's likely addition of 200 new stores to its 4,100-store base.

Here are some highlights from this past week's earnings coverage from BloggingStocks:

• American International Group Inc. (NYS: AIG) posted a record loss even as it asks for more taxpayer funds.
• AnnTaylor Stores Corp. (NYSE: ANN) shares sank after it missed Q4 expectations by a wide margin.
• AutoZone Inc. (NYSE: AZO) reported strong Q2 results, sending shares upward toward its 52-week high.
• Big Lots Inc. (NYSE: BIG) shares soared after it reported better-than-expected numbers for Q4.
• Chico's FAS Inc. (NYSE: CHS) Q4 loss widened on impairment charges and severance costs.

Leo Fasciocco is a technician focused on "breakout" stocks; in his Ticker Tape Digest, two recent such breakout ideas were both from the out-of-favor auto parts sector: O'Reilly Automotive (NASDAQ: ORLY) and Autozone (NYSE: AZO).

Noting the recent strength in these auto parts stocks -- both have recently rose to new 52-week highs despite the market's sharp declines -- the advisor explains, "Auto parts stocks may see strong product demand as more people keep their car and not buy a new one."

"O'Reilly Automotive is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S, with annual revenues of $3.1 billion.

AutoZone, Inc. (NSYE: AZO) was recently up $16.46 to $156.55 after reporting better than street expectations of its second quarter earnings. Stifel Nicolaus has a Hold rating on AZO. AZO call option volume of 10,973 contracts compared to put volume of 6,621 contracts. March option implied volatility of 52 was near its 26-week average according to Track Data, suggesting non-directional price movement.

Caterpillar, Inc. (NYSE: CAT) was recently down 18 cents to $22.04. CAT call option volume of 15,241 contracts compared to put volume of 20,112 contracts. CAT March option implied volatility was at 75, April at 72 and July at 64; above its 26-week average of 55, according to Track Data, suggesting larger price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Well, is there any stock working out there? Here's one that isn't doing too badly. In fact, it's closer to a 52-week high than a 52-week low (and that's saying something). I'm talking about AutoZone (NYSE: AZO). It's actually up at the time of this writing by almost 8% on second-quarter earnings.

Sales increased 8%, and the bottom line expanded over 20% to $2.03 per share. What was the call? According to this source, $1.84 per share was the expected number. Great job, AutoZone. Now, the thesis here isn't too difficult to divine. No one wants to buy a new car from General Motors (NYSE: GM) or Ford (NYSE: F). Not only is a recession happening, but some consumers are probably scared to make a major purchase from companies that are doing so poorly. Ergo, car maintenance is all the rage. AutoZone repurchased stock during the quarter and kept its gross margin relatively stable. Domestic comps revved higher by 6%. Those are positive points.

Analyst upgrades:

• Baird upgraded Agilent (NYSE:A) to Outperform from Neutral and raised its target to $24 from $22. The firm expects Agilent's YoY order declines to bottom in 1H09 and for growth to return in 1Q10.
  
• Despite downgrading the Equity REIT industry to Underweight from Market Weight, Friedman Billings upgraded Home Properties (NYSE:HME) to Outperform from Market Perform to reflect the company's exposure to Washington, D.C. The firm thinks Washington has the potential for stable demand fundamentals.
  
• Keefe Bruyette raised Education Realty (NYSE:EDR) to Outperform from Market Perform to reflect the company's improved liquidity outlook.
• Cullen/Frost (NYSE:CFR) was upgraded to Overweight from Equal Weight at Barclays.
  
• Pfizer (NYSE:PFE) was raised to Neutral from Sell at Goldman.
  
• FPIC Insurance (NASDAQ:FPIC) was lifted at Piper Jaffray to Buy from Neutral.

Analyst downgrades:

• Credit Suisse downgraded Deutsche Telekom (NYSE:DT) to Neutral from Outperform and France Telecom (NYSE:FTE) to Underperform from Neutral in conjunction with cutting the European Telecommunications Services sector to Market Weight from Overweight.
  
• Goldman downgraded Harley-Davidson (NYSE:HOG) to Sell from Neutral and added shares to its Conviction Sell List. The firm, which lowered its target to $11 from $30, said HOG shares do not fully reflect the impact from unprecedented headwinds in global luxury motorcycle demand and credit.
  
• Jefferies downgraded Precision Cast (NYSE:PCP) to Hold from Buy following the recent rally as they believe near-term EPS growth will be challenging. The firm lowered its target to $72 from $75.
• AutoZone (NYSE:AZO) was downgraded to Market Perform from Outperform at Bernstein.
• Tenneco (NYSE:TEN) was cut to Market Perform from Outperform at Wachovia.
• Burlington Northern (NYSE:BNI) was lowered to Underweight from Equal Weight at Morgan Stanley.
• Friedman Billings downgraded the Equity REIT sector to Underweight from Market Weight.

Analyst initiations:

• Ladenburg initiated Pentair (NYSE:PNR) with a Buy rating and $32 target. The firm believes the company's cost reduction and growth strategies will limit earnings declines from weak end markets.
  
• Fiat (Other OTC:FIATY) was initiated with a Hold rating at ING Group.
  
• Raymond James resumed coverage of Tailsman Energy (NYSE:TLM) with a Market Perform rating.

Even as the holiday season ramps up and the calendar quarter begins to wind down, earnings reports continue to dribble in. Among the companies scheduled to release quarterly results this coming week, analysts surveyed by Thomson Reuters are expecting BWAY Holding Co. (NYSE: BWY), Powell Industries Inc. (NASDAQ: POWL), and Esterline Technologies Corp. (NYSE: ESL) to be among the biggest earnings gainers.

Atlanta-based packaging and container producer BWAY is expected to report fiscal fourth-quarter profits that are 65.6% higher than in the same period of last year, or $0.32 per share on revenues of $265.2 million (+4.9%). BWAY topped estimates in the previous two quarters -- by 44.9% in the third quarter. Those results sent shares to a new 52-week high. But shares have fallen 62.7% in the past three months, and they are now trading near a multiyear low of $4.11 per share.

Houston-based energy equipment maker Powell is expected to report fiscal fourth-quarter profits that are 62.7% higher than a year ago, or $0.59 per share. Revenues are forecast to be 14.2% higher, or $171.8 million. Powell beat expectations in the past three quarters -- by 20.2% in the third quarter. The share price has fallen 47.7% in the past three months, and the consensus recommendation is to buy POWL.

Analyst upgrades:

• UBS upgraded McDonald's (NYSE:MCD) to Buy from Neutral based on expectations the it can deliver on 2009 EPS expectations and potential for accelerating share gains.
  
• Bernstein upgraded Nokia (NYSE:NOK) to Outperform from Underperform on valuation following the company's profit warning. Merrill upgraded shares to Buy from Neutral to reflect valuation and Nokia's new product portfolio. Shares were also upgraded to Hold from Sell at WestLB.
  
• B. Riley raised UCBH Holdings (NASDAQ:UCBH) to Buy from Neutral to reflect the improved valuation and the company's stronger capital position provided by the US Treasury investment.
• Parexel (NASDAQ:PRXL) was upgraded to Buy from Hold at Jefferies.
  
• CTS Corp (NYSE:CTS) was lifted to Neutral from Underweight at JP Morgan.
  
• Hospitality Properties (NYSE:HPT) was upgraded to Equal Weight from Underweight at Morgan Stanley.

Analyst downgrades:

• Soleil downgraded Disney (NYSE:DIS) to Hold from Buy to reflect the weakening macro-economic outlook and their belief consensus estimates may be too high. The firm lowered their target to $23 from $40.
  
• Merrill downgraded Dell (NASDAQ:DELL) to Neutral from Buy on expectations PC sales will decline next year amid the slowing economy. The firm lowered Dell's target price to $13 from $22.
  
• Jefferies cut MDS Inc (NASDAQ:MDZ) to Hold from Buy to reflect slowing demand and a lack of catalysts to unlock the company's assets. The firm lowered their target to $10.50 from $15.
• Alcoa (NYSE:AA) was lowered to Neutral from Buy at UBS.
• Tesco PLC (Other OTC:TSCDY) was downgraded at JP Morgan to Underweight from Neutral.
  
• Merrill downgraded SAP AG (NYSE:SAP) to Neutral from Buy.
  
• Goldman added Altera (NASDAQ:ALTR) to the Conviction Sell List.

Analyst initiations:

• Citigroup thinks AutoZone (NYSE:AZO) will benefit from the slowdown in car sales and thinks the recent pullback is overdone. Shares were initiated with a Buy rating and $146 target.
• Citigroup also believes Advance Auto Parts (NYSE:AAP) will benefit from the slowdown in car sales and started shares with a Buy rating and $35 target.
  
• After Sunway (OTCBB:SUWG) reported higher than expected revenue, Roth Capital thinks the company is poised for substantial growth, but the firm thinks its remaining warrants may keep the shares trading at a modest valuation for a significant amount of time. The firm started shares with a Hold rating and $3.60 target.
• Mechel Steel (NYSE:MTL) was initiated with a Neutral rating at Merrill Lynch.
  
• China Life Insurance (NYSE:LFC) was assumed with a Buy rating at UBS.
  
• Gap (NYSE:GPS) was started at Cowen with a Neutral rating.

This is the second in a four part series which I hope gives buyers, sellers, shareholders and dare I say, management, a platform for discussion.

Now that I have unloaded Skype from eBay (NASDAQ: EBAY) in Tuesday's post (Serious Money: eBay should auction off Skype), it's time to move on to an asset that is not losing money, eBay Motors, but may be of more value to one of its competitors like Carmax (NYSE: KMX) or AutoNation (NYSE: AN).

It might also find a home with Amazon.com (NASDAQ: AMZN), its closest competitor in non-automotive categories. There is also the possibility that any number of auto-parts companies like AutoZone Inc (NYSE: AZO) or even the online car referral site Autobytel Inc. (NASDAQ: ABTL) would find eBay Motors a very compelling addition.

The Big Three American automakers might want to compete for this great asset. Since General Motors (NYSE: GM), Ford Motors (NYSE: F) and Chrysler are having difficulty selling new cars, expanding used car sales would be enticing. The problem is they are basically broke and holding on to a thread for dear life. That is not the case for Honda (NYSE: HMC) and Toyota Motor Corp. (NYSE: TM). Perhaps eBay Motors might find a place in their long term plans.