The S&P 500
(INDEXSP:.INX) endured its worst day in more than two months as the world finally opened its eyes to the tyrant who trained in ophthalmology
. (Oddly enough, TheraTears owner Akorn, Inc.
(NASDAQ:AKRX) surged 9.61% to hit an all-time high amid the bloodbath after acquiring Hi-Tech Pharmacal
(NASDAQ:HITK) — itself up 22.10% — with the aim of creating an eye care products powerhouse.) One hopes Assad owns neither but, as an avid Instagram user
, was instead long its owner, as Facebook
(NASDAQ:FB) fell fully 4.11%. Precious little worked in equities yesterday. Not Four Weddings
, with Tiffany
(NYSE:TIF) tumbling 1.04%, nor A Funeral
, since cemetery stock Carriage Services
(NYSE:CSV) slumped 2.35%. Nor indeed Hugh Grant, whose Monsanto
(NYSE:MON) ended down even after scoring a broker boost
. Still, the CEO should keep plugging away. As his namesake can now tell you, persistence always pays off in the end
Today in economics, analysts expect an increase in July pending home sales at 10:00 a.m. Eastern. In earnings action, Accor
(NYSE:EXPR), Fresh Market
(NYSE:GES), Joy Global
(NYSE:WSM), and Zale Corp
(NYSE:ZLC) are all due to release results.
(OTCMKTS:AKZOY): The paints and coatings company is tumbling about 2% in today’s European trading after being taken to Underweight from Neutral at HSBC Securities.
Douglas Dynamics Inc
(NYSE:PLOW): Credit Suisse cuts the auto parts outfit to Underperform from Neutral.
(NYSE:DSW): Designer Shoe Warehouse is slashed to Sell from Hold by Brean Capital, whose price objective is $72. Yesterday’s 7.91% surge, taking shares to an historic high even as the overall market imploded, left the equity “expensive, especially when compared to players within its peer group,” the analyst wrote in a note.
Taser International, Inc.
(NASDAQ:TASR): "Don’t Tase Me Bro!
," indeed. The stun gun maker, on a stellar recent run, is moved to Neutral from Overweight at JPMorgan this morning due to valuation issues.
Tiffany & Co.
(NYSE:TIF) Citigroup (Neutral from Buy) and Crédit Agricole (Underperform from Outperform) each inflict après-earnings cuts on the bling king.
(NASDAQ:SRCL) The waste management firm gets downgraded to Neutral from Outperform with Wedbush.
(See also: Stock Upgrades: Meet Stifel Financial in St. Louis
and New Stock Coverage: Can Gym Giant Nautilus Keep You Fiscally Fit?
No positions in stocks mentioned.
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