(^DJI) increase of only 24.50 points may not have been anything on the excitement of exactly six years earlier
, but it’ll do for now.
Strange bedfellows dominated the day, what with Jimmy Carter gushing over George Bush
and the Wall Street Journal turning over its editorial page
to a New York Times
(NYT) journalist who did jail time
. (Such a selfless gesture from right wing to left, and on Pay It Forward Day
no less, sent shares of the Old Grey Lady surging some 5.00%.)
Elsewhere Kentucky Fried Chicken owner Yum Brands
(YUM), which jumped 7.10% on Wednesday and scored an analyst upgrade
24 hours later, tumbled 2.11% after it became apparent that Colonel Sanders’ favorite food was actually…White Castle
Today in economics, consensus says April’s University of Michigan consumer sentiment survey will show an improvement at 9:55 a.m. Eastern. Peak earnings week concludes with announcements expected out of Alcatel-Lucent
(ALU), Burger King
(CVX), DR Horton
(DHI), Goodyear Tire
(GT), Honda Motor
(LYB), Total SA
(TOT), Tyco International
(TYC), VF Corporation
(VFC), and WellPoint
(ALKS): The stock is downgraded to Underperform from Neutral at Bank of America-Merrill Lynch.
(ABC): Shares are now Neutral from Outperform at Robert W. Baird, which trims its target to $57 from $59 after a recent run to record highs.
(NYSE:BUD): The brewing behemoth is slashed to Conviction Sell — surely the ultimate ignominy — from merely Sell at Goldman Sachs. Shares are lower in today’s pre-market trading as a result.
(BIDU): Shares in the Chinese Internet outfit, imploding 8% before the opening bell, get downgraded to Hold from Buy at Brean Capital.
Beneficial Mutual Bancorp
(BNCL): The name is now Neutral from Buy at Sterne Agee.
(CRS): CRS gets cut to Neutral from Overweight at JPMorgan.
(DRE): The stock is moved to Market Perform from Outperform by BMO Capital.
(ERJ): Shares are slashed to Sell from Neutral at Citigroup.
(XOM): The oil giant and key Dow
(^DJI) component is now Neutral from Buy at ISI Group.
(FFIV): Shares are downgraded to Perform from Outperform at FBR Capital, which notes competitive threats from Intel
(INTC) among others.
(HBHC): The stock is now Hold from Buy with Wunderlich.
ITT Educational Services
(ESI): The stock is downgraded to Sell from Neutral at Compass Point.
(KLAC): KLAC gets cut to Outperform from Buy at CLSA.
Raymond James Financial
(RJF): Citigroup reduces its recommendation on RJF to Neutral from Buy.
(WIN): The equity is now Neutral from Buy at Bank of America-Merrill.
(See also: New Stock Coverage: TherapeuticsMD Is Just What the Doctor Ordered
and Stock Upgrades: Don’t Throw Bebe Out With the Bath Water
No positions in stocks mentioned.
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