Talk about life imitating art. Fast & Furious 6
(CMCSA) topped the weekend box office, ahead of the 12th iteration of the Star Trek
and Iron Man 3
. Wall Street appears similarly addicted to sequels. The S&P 500
(^GSPC) fell 1.07% amid eerily and wearily familiar themes of a spring swoon and renewed angst in Athens. (And let’s not forget yet another Hangover
, for whom two prior versions in quick succession evidently did not suffice.
The six pack abs
of Abercrombie & Fitch
(ANF), which imploded 8.00% in tandem with the film’s Friday debut, saw no resultant benefit. Far better to get drunk on Booz Allen
(BAH), which surged 12.89% last week.) Before Midnight
, currently also on the silver screen, takes place in Greece
but based on a Europe-worst 14.20% slide in the main Athens market, we have now seen this scary movie once too often.
On this side of the Atlantic, Zale Corporation
(ZLC) — a.k.a. “America’s diamond store since 1924″ — surged 23.1% ahead of Saturday’s start of wedding season. This as a Dimon proved forever at JPMorgan
(JPM), where breaking up is indeed hard to do
Today in economics, analysts expect an uptick in the Conference Board’s May consumer sentiment survey at 10:00 a.m. Eastern. On the earnings front, GuideWire Software
(OTCMKTS: LUKOY), Tiffany
(TIF), United Natural Foods
(UNFI), and Wet Seal
(WTSL) are all due to report results.
(AIRM): AIRM is assigned a Buy recommendation and $44 price objective with WallachBeth, which says the recent sell-off was excessive in light of an upcoming EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) boost from Healthcare Reform.
Ellington Residential Mortgage REIT
(EARN): Citigroup has a new Neutral on the Real Estate Investment Trust.
(GWPA): Lazard launches Buy rated coverage on the company.
Harvest Capital Credit
(HCAP): William Blair has an Outperform on HCAP.
(INSY): Shares are assigned an Outperform at JMP Securities.
(I): The satellite stock is started with an upbeat Overweight at JPMorgan and Buys at both Bank of America-Merrill Lynch and Nomura. Credit Suisse (Neutral) and Deutsche Bank (Hold) are less bullish, however.
(JBL): Standpoint Research resumes Buy rated research on the tech firm. Its target price is $28.
(SXC): Barclays begins the steel stock at Equal Weight.
(TAM): Shares are set an Outperform at Credit Suisse.
(NYSE:GRA): Goldman Sachs starts the specialty chemicals stock with a Conviction Buy amid optimism over its robust cash flow and an improving construction sector.
(See also: Stock Upgrades: Can Merck Lead the Dow to Another Terrific Tuesday?
and Stock Downgrades: Analyst Is Not a Belieber in Align Technology
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.