(^DJI) dropped 50-something points on Tuesday, dragged down by Boeing
(BA), which tumbled after a serious incident in Boston involving one of its Japan Airlines jets. If it all sounds eerily familiar — the very same sentence could also accurately describe Monday’s market action — then it is. At least for the aerospace giant, for whom the Dreamliner has quickly become a recurring nightmare. The sky also fell in on Chicken Little over at Yum Brands
(YUM), with the Kentucky Fried Chicken owner warning its same-store sales in China will come in well below previous projections. It tumbled 4.20%, although a sluggish stock price is arguably the least of its stomach-turning
(SCTY) slumped 7.75%, its sea of red providing redundant proof that it indeed ain’t easy being green
. Elsewhere, the unemployment rate in Europe reached a record peak
but on this side of the Atlantic we quite literally can’t afford to be smug about it. Not after our own individual debt ballooned to another all-time high
It’s another dull day in economic data but Alcoa
(AA) unofficially ushered in an upcoming earnings avalanche when it announced yesterday after the close. AZZ incorporated
(AZZ), Constellation Brands
(STZ), Helen of Troy
(HELE), Ruby Tuesday
(RT), Texas Industries
(TXI), and VOXX International
(VOXX) are all due to report results today.
(NASDAQ:AMZN): Shares, which hit the highest level in their history this week, are begun with a Buy at Goldman Sachs.
(APL): The stock is a new Overweight at Barclays.
(PINK: DPSGY): Stifel Nicolaus picks the stock up at a Buy, citing its dominant market position.
(ELX): ELX is launched with a Neutral at Lazard.
: Unum Group
(UNM) and Prudential
(PRU) are each begun with a Buy at Deutsche Bank, which has a Hold on MetLife
NASDAQ OMX Group
(NDAQ): The exchange operator is a new Neutral at Compass Point, which assigns it a $28 price target.
(See also: Stock Upgrades: Ralph Lauren Dressed for Success
and Stock Downgrades: JC Penney Not Worth a Dime?
No positions in stocks mentioned.
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