In Greenwich Connecticut, that hedge fund Heaven, police are advising residents to beware a postal pilferer
. Unfortunately, Wall Street’s check was similarly lost in the mail last week, with the S&P 500 Index
(INDEXSP:.INX) snapping its best winning run in almost a decade. The Dow
(INDEXDJX:.DJI) also dropped on fears that the Fed’s bond buying binge is about to end. Some stocks did end in the green amid an otherwise tough tape for US markets. Elon Musk, proud son of Pretoria, oversaw a 7.92% surge in Tesla Motors
(NASDAQ:TSLA), making money talk even as the NYSE impeccably observed a moment of silence
for his dearly departed countryman. Plug Power
(NASDAQ:PLUG) jumped 178.38% after announcing it will soon be profitable. Amazon.com
(NASDAQ:AMZN) — or should that be Amazon.org? — should be so lucky, even as its public relations machine drones inexorably on. Poultry processor Tyson Foods
(NYSE:TSN) gained 6.72%, and no one could call the residents of Ukraine Kiev chickens. Braving tear gas to show the world how desperate they are to get into
the European Union, its revolutionaries toppled Lenin
on the anniversary of Lennon
Last week’s torrid pace of economic announcements cools off considerably, with no top-tier data due this morning. In terms of other events that may move US markets and impact specific stocks, PVH Corp
(NYSE:PVH) and Vail Resorts
(NYSE:MTN) each release results on Monday.
(NYSE:ALK): Alaska Air sees its stock slashed to Sell from Hold by Deutsche Bank.
(OTCMKTS:DANOY): Stock in French firm Danone, famous for its yogurts, gets downgraded to Underperform from Neutral by BNP Paribas.
(NYSE:DF): Dean’s List? Dunce’s cap is more like it for America’s largest dairy producer, currently crying over spilled milk after being taken to Equal-Weight from Overweight at Morgan Stanley. The stock, which has tumbled about 20% in the past four months, is currently losing more ground this morning as a result of the analyst’s action.
(NASDAQ:EZPW): Shares are now Neutral from Buy at Sterne Agee, which takes its price target to $12 from $15.50.
(NASDAQ:GIVN): The stock, surging some 25.21% as we speak, is nonetheless now Hold from Buy at Cantor Fitzgerald.
(NYSE:HME): BMO Capital cuts the company to Underperform from Market Perform.
(NYSE:NBL): NBL is now Hold from Buy at Deutsche Bank
Ply Gem Holdings
(NYSE:PGEM): Goldman Sachs slashes the stock to Neutral from Buy.
Stock Building Supply Holdings
(NASDAQ:STCK): Shares get downgraded to Neutral from Buy at Citigroup.
(See also: Stock Upgrades: Time to Drink the Kool-Aid on Kraft
and New Stock Coverage: American Airlines Moves From Hamm Actor to Hollywood Ending
No positions in stocks mentioned.
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