On a day the Fed was torn, stocks staggered to a split decision. The Dow
(^DJI) snapped a four-session winning streak while S&P 500
(^GSPC) issues edged up after FOMC meeting minutes revealed a central bank divided almost straight down the middle. With indecision in the air, Hewlett-Packard
(HPQ) — which knows flip-flops
— rose 1.81% to again best all blue chips after an analyst flip-flopped his opinion
on the suddenly resurgent tech titan from "sell" to "buy."
Television audience analyzer Nielsen
(NLSN) tumbled 2.04%, with investors concerned about how viewers of a new channel dedicated to dogs
will register their approval. Hedge funds finally got the green light to advertise
, although given their utterly punk performance
, an embarrassed silence may be the better option. And New York’s Scholastic
(SCHL), which surged 9.59% last week, jumped another 1.97%. Alas elsewhere on the island,educators could clearly use a brush up on the basics
Today’s quarterly earnings announcements are expected to include Bank of The Ozarks
(OZRK), Commerce Bancshares
(PGR), and Washington Federal
Arkansas Best Corporation
(ABFS): Citigroup cuts the trucking titan to Neutral from Buy.
ARMOUR Residential REIT, Inc.
(ARR): The real estate investment trust is reduced to Underperform from Neutral by Bank of America-Merrill Lynch.
Avago Technologies Ltd
(AVGO): Shares get taken to Hold from Buy at Jefferies.
Cliffs Natural Resources Inc
(CLF): The country’s largest iron ore producer, having already slid some 63.79% in the past year, is downgraded to Underperform form Perform at CIBC World Markets.
(DV): Stifel slashes the education equity to Hold from Buy.
Family Dollar Stores, Inc.
(FDO): Barclays downgrades the discount retailer to Equal Weight from Overweight. Valuation is a concern after yesterday’s 7.11% surge bested all S&P 500
(^GSPC) issues and sent the stock to a seven-month high.
Health Management Associates Inc
(HMA): The stock is cut to Neutral from Outperform at Credit Suisse.
Jive Software Inc
(JIVE): Shares are now Neutral from Buy at UBS.
Lender Processing Services, Inc.
(LPS): Oppenheimer lowers LPS to Perform from Outperform at Oppenheimer.
On Assignment, Inc.
(ASGN): The staffing stock is slashed to Hold from Buy at Deutsche Bank.
ON Semiconductor Corp
(ONNN): Jefferies reduces its rating to Hold from Buy.
Sprint Nextel Corporation
(S): Citigroup takes the telecom stock, upgraded elsewhere this morning, to Neutral from Buy.
The New York Times Company
(NYT): NYT is now Equal Weight from Overweight at Barclays. Shares, up 67.83% in the past year having hit a fresh 52-week peak yesterday, are now seen as somewhat stretched.
(RIG): RIG is reduced to Market Perform from Outperform by BMO Capital.
Union Pacific Corporation
(UNP): Raymond James reduces the railroad, down 1.12% yesterday, to Market Perform from Outperform.
Wynn Resorts, Limited
(WYNN): Morgan Stanley moves the casino stock to Underweight from Equal-Weight.
(See also: New Stock Coverage: Amazon.com, Inc.’s Money Tree Appears Utterly Unshakable
and Stock Upgrades: Advanced Micro Devices, Inc. Is on the March
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.