On Hump Day, Dow Industrials
(^DJI) acted appropriately, getting over an early speed bump
to end at yet another historic high. The firm that once claimed to “do God’s work” took on increasing importance for its financial brethren,
but Goldman Sachs
(GS) still isn’t a patch on the Pope. Since Argentina’s native son Francis took over at the Vatican, his home stock market has been the planet’s best performer, and yesterday Buenos Aires’ own YPF Sociedad Anonima
(YPF) surged a further 9.30%.
Amid all the dough, Deere
(DE) dropped 4.40%, though that was a less spectacular crash than that experienced by this deer
. Similarly sliding amid all the ebullience was diamond seller Zale Corp.
(ZLC), which dropped 1.76% after Beyoncé, a big proponent of “putting a ring on it,” cancelled a show in Europe’s ice capital of Antwerp
This morning in economics, analysts forecast an improvement in May’s Philadelphia Fed Index at 10:00 a.m. Eastern. Quarterly earnings announcements continue to roll in, with retailers coming increasingly to the fore. Today’s results are expected to include Applied Materials
(ADSK), Brady Corp.
(BRC), Flowers Foods
(FLO), JC Penney
(JCP), Kohl’s Corp.
(KSS), Marvell Technology
(JWN), Prestige Brands
(PBH), TalkTalk Telecom
(WMT), and Zumiez
(AAPL): Susquehanna has a new Neutral on the tech name.
(CHDN): Brean Capital covers the company, recently trading atop historic highs, at a Buy.
(COH): The maker of luxury handbags and accessories is started with a Buy at Sterne Agee.
(DANG): The Chinese e-commerce firm, which earlier today reported revenue of $214 million, is a fresh Buy at Bank of America-Merrill Lynch.
: Lazard launches Buys on Amazon
(AMZN) and eBay Inc.
(IPG): The advertising giant gets assigned an Overweight at Evercore.
(PVTB): Credit Suisse picks up PVTB at a Neutral.
(NYSE:SWC): Wells Fargo starts the industrial metals and minerals outfit at Outperform.
(VCLK): Saying it sees uncertainty surrounding the company’s Dotomi division, Northland Capital has a new Underperform on the firm. Its price objective is $21.
(YELP): Cowen covers the company at Outperform.
(See also: Stock Upgrades: Bet the Mortgage on Beazer Homes
and Stock Downgrades: SodaStream Up Creek Without Paddle?
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.