An Italian stud named Zephir was just named the world’s most fertile bull, having fathered 104 calves
. Sorry buddy, but you still have nothing on this mother of all bull markets. The Dow
(^DJI) and S&P 500
(^GSPC) each reached fresh peaks and if Nasdaq
(^IXIC) didn’t, well as Meat Loaf (no fan of bulls presumably, with a name like that) once said, Two Out of Three Ain’t Bad
. Tech suffered largely due to a downgrade
(MSFT) by Heather Bellini. “What is your damage, Heather?
” Well, Winona, it was a scarily symmetrical 4.44% by the end of trading. At least Saks Inc.
(SKS), so beloved of Ms. Ryder, rose 0.50% to finish at a fresh 52-week peak, even if that means its shares are no longer such a steal
. Ironically, on a terrible day for PC makers Xerox
(XRX) — which would have owned the industry were it not for an identical act of theft from Steve Jobs
— jumped 3.46% on a broker boost
Today in economics, we get the University of Michigan’s first take on April consumer confidence at 9:55 a.m. Eastern, with business inventories for February following at 10:00 a.m. On the earnings front, JPMorgan
(JPM) and Wells Fargo
(WFC) are the first big banks to report results this morning.
(PINL:BAESY) JPMorgan moves the military aviation maker to Underweight from Neutral amid issues over a reduction in its R&D (Research & Development) expenditure.
(NYSE:ELY): In this, the week of the Masters, shares are downgraded to Perform from Strong Buy at Raymond James.
(LH): LH is lowered to Hold from Buy at WallachBeth, whose target is $97.
(MA): MA is moved to Neutral from Buy at Sterne Agee.
(PINK:RTOKY): Shares in the world’s largest pest-control company are sharply lower in today’s London trading after being taken to Neutral from Buy at Goldman Sachs, which worries about its net debt levels.
(RUK): Shares are downgraded to Hold from Buy at Jefferies.
: Davenport gives Neutral-from-Buy downgrades to Dow member Coca-Cola
(KO), as well as PepsiCo
(PEP) and Dr Pepper Snapple
(V): Shares are now Neutral from Buy at Sterne Agee.
(See also: Stock Upgrades: Rite Aid Is Right On
and New Stock Coverage: Tata Motors Had Analyst at ‘Hello.’
No positions in stocks mentioned.
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