Saturday may have lost much of its must-read status at Barron’s
with legendary wordsmith Alan Abelson’s recent passing
, but its sister publication clearly still packs a weekend punch. Dow Industrials
(^DJI) dropped 48 hours after a front page article in the Wall Street Journal
suggested that the end is finally nigh for the Fed’s long-running gravy train.
President Obama met with his British counterpart
at the White House three years after the BP Plc
(BP) oil spill sent the storied “special relationship” between the two countries up in smoke
. (To mark the occasion, British American Tobacco
(BTI) bucked a down day to hit the highest level in its history.)
Gourmet grocer Fairway Group
(FWM) also gained in a bad tape following several research recommendations
. Its fresh produce is certainly more reliable than any offerings at Rotten Tomatoes, whose god-awful Great Gatsby reviews spectacularly failed to foresee
its boffo box office business. Daisy Buchanan wasn’t alone in coming up roses
for Mother’s Day weekend, with 1-800-Flowers
(FLWS) surging 4.96% to a fresh best.
Today’s quarterly earnings announcements are expected to include Agilent Technologies
(A), Eagle Materials
(OTCMKTS:SHCAY), and Valspar
(ADES): The stock is launched with a Buy at Lake Street Capital, whose price objective is $38.
(HAWK): BMO Capital has a Market Perform on HAWK but Piper Jaffray (Overweight) and Wells Fargo (Outperform) are more upbeat.
(NILE): NILE is a new Equal Weight at Stephens.
(KMX): Shares are inching up ahead of the open on a new Buy recommendation at Nomura.
(DBD): The maker of Automated Teller Machines is a new Neutral at Susquehanna.
(FOSL): FOSL is a fresh Equal Weight at Stephens.
(LXK): Goldman Sachs starts the stock at a Sell.
Media & Entertainment
: BMO Capital assigns Market Performs on News Corp
(NASDAQ:NWSA), Time Warner
(NYSE:TWX), and Viacom
(NASDAQ:VIAB) but is more bullish on Outperform rated Mouse House Walt Disney
(MNST): Shares are initiated with an Overweight at Morgan Stanley.
(See also: Stock Upgrades: Royal Bank of Canada Stock Heads North
and Stock Downgrades: Wal-Mart Hits Brick Wall
No positions in stocks mentioned.
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