What goes up, must come down? Even as the annual Empire State Building Run-Up was won by a woman from Down Under
, Wall Street continued its ongoing climb down from last year's record run-up
. With 1997 all the rage again, from the bond market
to submerging markets
(INDEXNASDAQ:.IXIC) nosedived 19.97, natch. "Coffee, tea, or me
?" With Coffee Holding Company
(NASDAQ:JVA) jumping 8.62% even as Hain Celestial
(NASDAQ:HAIN) slid 6.10%, it was clearly no contest. Microsoft
(NASDAQ:MSFT), down 1.46%, moved lower for a second straight session after announcing its new CEO. Satya Nadella now owns a desk
-- let's hope his Office also has Windows -- but a fat lot of good that did furniture firm Knoll Inc.
(NYSE:KNL), which fell 5.06%. And Aflac
(NYSE:AFL) advanced 0.47% even after the insurance outfit revealed a softer yen negatively impacted results in its critical Japanese market. The company's Gottfried got fired for insanely insulting the natives
(NYSE:TWTR). Clearly ducks and bluebirds aren't birds of a feather, especially with the social networking name tumbling some 21.57% as we speak.
Today's earnings announcements are due to include AOL Inc
(NYSE:AOL), Dunkin Brands
(NASDAQ:DNKN), General Motors
(NYSE:LNKD), Lions Gate
(NYSE:LGF), News Corp
(NASDAQ:NWSA), Nu Skin
(NYSE:SNY), and Sony
(NYSE:DOW): BGC Financial begins Buy-rated research on the company.
: Credit Suisse covers BMW Group
(OTCMKTS:BAMXY) (Underperform), Daimler
(NYSE:DDAIF) (Outperform), Peugeot
(OTCMKTS:PEUGY) (Underperform), Porsche
(OTCMKTS:POAHY) (Neutral), and Volkswagen
(OTCMKTS:VLKAY) (Outperform), which was downgraded the other day
(NASDAQ:FIVE): FIVE is a fresh Buy at Janney Capital.
(NYSE:NLSN): The audience measurement outfit, best known for its eponymous ratings, is resumed with a Buy at Deutsche Bank. Its price objective is $48.
((OTCMKTS:PGLC): H.C. Wainwright picks up this micro-cap stock at a Buy.
Stock Upgrades: H&M Won't Lose Its Shirt With David Beckham
Stock Downgrades: Flock of Analysts Flip the Bird at Twitter
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.