Stocks finished mixed in mushy trading, with Dow Industrials
(^DJI) dropping even as the S&P 500 Index
(^GSPC) hit another new high. Such an indecisive outcome was no way to honor Joe Louis on his birthday
, for the legendary boxer didn’t do split decisions.
There was something in the water in Orlando, with SeaWorld
(SEAS) surging 4.84%, Disney
(DIS) ending at an all-time best, and BlackBerry
(BBRY) bouncing 2.19% as it begins a three-day conference in Florida’s third largest city. Liberal lion
the New York Times
(NYT) and Republican standard bearer
Mitt Romney rarely find themselves on the same page, but a mutual loathing of Tesla Motors
(TSLA) unites both. Not that the auto outfit will care one whit after it followed up last week’s 40.7% increase by advancing another 14.3%.
Elsewhere, love was in the air for Spark Networks
(LOV), with the owner of JDate and ChristianMingle jumping 7.05% on a broker boost
, and the answer was blowing in the wind for an upgraded Vestas Wind Systems
(OTCMKTS:VWDRY) after its 10.85% increase.
Today’s quarterly earnings announcements are expected to include Agilent Technologies
(A), Eagle Materials
(OTCMKTS:SHCAY), and Valspar
(ALR): Craig Hallum cuts the company to Hold from Buy.
Bank of Montreal
(BMO): Morgan Stanley moves its fellow financial firm to Underweight from Equal-Weight.
(CREE): Shares are tumbling 2.8% after being slashed to Neutral from Buy at Sterne Agee.
(KBH): Raymond James cuts KBH to Perform from Outperform.
Melco Crown Entertainment
(MPEL): MPEL is moved to Neutral from Buy at UBS.
(OIS): OIS is downgraded to Hold from Buy at BB&T Capital.
(PDCO): Shares are downgraded to Hold from Buy with a $40 target price at WallachBeth, which says the risk/reward is unattractive at current levels.
(SCTY): Shares, slumping before the bell, are now Neutral from Outperform at Credit Suisse.
(VVUS): The weight loss stock is shedding 1.5% before the bell after being lowered to Neutral from Buy at Lazard.
(NYSE:WMT): The Dow
(^DJI) member is dropping 0.6% this morning after being removed from Citigroup’s Top Picks Live list. February sales were weak, the bank notes.
(See also: New Stock Coverage: Disney Still The Big Cheese
and Stock Upgrades: Royal Bank of Canada Stock Heads North
No positions in stocks mentioned.
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