The S&P 500 Index
(INDEXSP:.INX) advanced for a seventh successive session as the sword of Damocles appeared to stop dangling over Damascus. (Although an utterly unloved Apple Inc.
(NASDAQ:AAPL), indelibly associated with the son of a Syrian
, fell 5.44% in enduring its second worst day of 2013.) Facebook
(NASDAQ:FB) jumped 3.30% to its highest level since going public, even as the company’s private parts are a fresh cause for concern
. Staying with tech, Yahoo
(NASDAQ:YHOO) advanced in extended trading after Marissa Mayer told a tech confab it is receiving 12,000 résumés a week
. All, no doubt, utterly unembellished
, especially on a day LinkedIn
(NYSE:LNKD) gained 1.57% to a fresh best.
In today’s earnings action, Brady Corp
(NYSE:KR), Lululemon Athletica
(NASDAQ:LULU), NetSol Technologies
(NASDAQ:NTWK), and Ulta Salon
(NASDAQ:ULTA) are all due to report results.
Arch Capital Group
(NASDAQ:ACGL): The property and casualty insurance company gets downgraded to Market Perform from Outperform with Wells Fargo.
Associated Banc Corp
(NASDAQ:ASBC): Raymond James reduces the regional bank to Underperform from Market Perform.
(NYSE:BCS): Investec cuts its fellow financial firm to Add from Buy.
: Anheuser-Busch InBev
(NYSE:BUD) and SABMiller plc
(OTCMKTS:SBMRY) are each downgraded to Reduce from Neutral at Nomura.
Cliffs Natural Resources
(NYSE:CLF): The iron ore company is moved to Market Perform from Outperform at FBR Capital, which says a recent share price surge has left the stock near its fair value estimate of $26.
(NASDAQ:ERIC): Goldman Sachs takes the recently-surging Swedish telecom titan to Buy from Conviction Buy.
(NYSE:HAL): The oil services name is now Neutral from Outperform at Macquarie.
(NASDAQ:NFLX): The top S&P 500
(INDEXSP:.INX) stock in 2013 slipped yesterday even as it unveiled a new video streaming service in the Netherlands. Based on this morning’s pre-market swoon, the tumble may extend into a second session after Morgan Stanley moved it equity to Equal-Weight from Overweight. The bank believes that valuation issues now loom large, with shares having surged some 439.36% in the past 12 months.
(OTCMKTS:RWEOY): The German utility giant is tumbling in today’s European trading after getting taken to Sell from Neutral at Citigroup, which says the risk/reward profile is now less compelling after Wednesday’s 6.67% jump.
(NASDAQ:SYMC): Morgan Stanley moves the Internet security stock to Equal-Weight from Overweight.
Travelers Companies Inc
(NYSE:TRV): The insurance outfit, a key Dow
(INDEXDJX:.DJI) component, gets taken to to Market Perform from Outperform with Wells Fargo.
(NYSE:WFT): Wells moves the oil services company to Market Perform from Outperform.
(See also: New Stock Coverage: Rock-Tenn, Paper Stock, Beats Scissors
and Stock Upgrades: Zynga Can Draw Comfort From Wall Street
No positions in stocks mentioned.
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