The Mercedes that crashed into Tiffany's (TIF) flagship store
on Sunday was an almost-too-perfect coda for a week when Wall Street’s previously effortlessly easy gravy train went off the rails. S&P 500
(^GSPC) shares tumbled 2.11% in enduring their worst showing since November.
In a miserable market grocery giant Fairway
(FWM) surged 33.46% on its first day of trading. Founded as a modest fruit and veg stand in 1933, the single worst year of the Great Depression, it now hosts New York foodies who gather for gourmet arugula and duck pâté.
. (AAPL), lambasted for having a “depression era mentality
” imploded another 9.1% in falling to a new low on Friday. (Good thing an eagerly awaited Steve Jobs biopic was sensibly delayed from its original release on that day
, for even with today’s upgrade a Hollywood ending appears increasingly unlikely for the stock.)
Brother, can you spare a dime?
was top of the pops back in the Depression. Brother can now apparently spare considerably more than that
, at least if you are Eastman Kodak
This morning in economics, March existing home sales are expected to increase from the prior month’s pace at 10:00 a.m. Eastern. Peak earnings week is upon us, with today’s key results due to include Caterpillar
(NFLX), Texas Instruments
(TXN), and Zions Bancorp
(ABBV): Morgan Stanley moves the biopharmaceutical stock to Overweight from Equal-Weight.
(NASDAQ:AAPL): The troubled stock is upgraded to Outperform from Market Perform at Avondale.
Beazer Homes USA
(BZH): Credit Suisse raises the real estate outfit to Outperform from Neutral.
(BHP): Shares are upgraded to Overweight from Neutral at HSBC Securities.
(CIR): The stock is moved to Buy from Hold at BB&T Capital Markets.
(EQIX): Stephens increases the Internet software stock to Overweight from Equal Weight.
European Aeronautic Defence & Space Company
(PINK: EADSY): RBC Capital raises its recommendation to Outperform from Sector Perform.
(HES): The stock is increased to Overweight from Equal Weight by Barclays.
(JCI): Robert W. Baird juices JCI to Outperform from Neutral.
Meadowbrook Insurance Group
(MIG): MIG gets upgraded to Outperform from Market Perform at Keefe Bruyette.
(PINK:NTXFY): The French investment bank is up 4.10% in today’s European trading after being taken to Outperform from Neutral at Credit Suisse.
(PRGO): The drug developer gets moved to Overweight from Neutral at JPMorgan.
(SKX): BB&T Capital gives the footwear firm a Buy-from-Hold boost.
(VFC): The textile company, whose brands include JanSport backpacks and North Face jackets, is taken to Outperform from Neutral with Wedbush.
(See also: New Stock Coverage: Planet Payment Is Out of This World
and Stock Downgrades: Lights Go Out on General Electric
No positions in stocks mentioned.
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