â€œNationality?â€ -- â€œRussian.â€
â€œOccupation?â€ -- â€œNo, no, just visiting.â€
Nothing like a bit of Soviet-style humor and, in a market like Mondayâ€™s, ya gotta laugh. But not all the way to the bank, for your winnings wouldnâ€™t have stretched that far after stocks endured their steepest slide in a month amid more angst by the Black Sea. So is this the long-awaited correction? Letâ€™s not be too hasty, as they often take time -- 161 years
Â in the case of theÂ New York Times
Â (NYSE:NYT) -- and equities appear poised to rebound strongly this morning. Yesterday, however, the Red Army turned theÂ Dow
(INDEXDJX:.DJI) a deep shade of crimson. The mereÂ threat of a retaliatory visa ban by Secretary of State John Kerry
Â sentÂ Visa
Â (NYSE:V) -- although not those humorous border patrol agents alluded to above -- scurrying for cover. Its stock slumped 1.99% to lead blue chips lower; is Sochi really â€œeverywhere you want to be
?" Kinross Gold
(NYSE:KGC) got aÂ broker boost
Â as bullion, fresh from Februaryâ€™s 10% surge, added on another 2%. Surely, however, the sign of a top in the precious metal promptly arrived in the form of a Vegas pawnbroker being asked to pontificate on its prospects by CNBC
. Far better to stick with Old Gold ownerÂ Lorillard
Â (NYSE:LO) instead, after the cigarette stock topped the entireÂ S&P 500 Index
Â (INDEXSP:.INX) with its 9.27% advance to a historic high. For those who prefer to smoke something slightly stronger,Â Cara Therapeutics
(NASDAQ:CARA) -- which has a pre-clinical cannabis compound -- jumped 12.71%. "Alright, alright, alright
," in the words of aÂ Dazed and Confused
Â actor newly honored by Oscar.
There arenâ€™t any economic reports of note released today, but earnings announcements are expected out ofÂ AutoZone
Â (NYSE:AZO),Â Bank of Nova Scotia
Â (NYSE:BNS), and Smith & Wesson
Â (NASDAQ:ARGS): More good news for the stock, which surged some 7.84% on Monday even amid an overall market bloodbath. This morning it is begun at Outperform by JMP Securities, whose price objective is $17.
Â (NYSE:AVP): UBS starts Sell-rated research with a $14 target price.
Â (NASDAQ:CTCT): Roth Capital resumes Buy-rated research on the company.
: UBS starts Sells onÂ Clorox
Â (NYSE:CLX) ($80 objective) and Energizer
Â (NYSE:ENR) ($92.) It has new Neutrals on dual Dow componentsÂ Coca-Cola
(NYSE:KO) ($40) andÂ Procter & Gamble
Â (NYSE:PG) ($81.) Buys are begun on Church & Dwight
Â (NYSE:CHD) ($77),Â Colgate-Palmolive
Â (NYSE:CL) ($70), and Monster Beverage
Â (NASDAQ:MNST) ($85.)
Â (NASDAQ:DWA): Topeka has a Hold on theÂ recently troubled
Â (NYSE:EL): (Fedora hat tip toÂ CasablancaÂ for todayâ€™s title
.) UBS covers the cosmetics company at a bullish Buy. Its price target is $81.
GT Advanced Technologies
Â (NASDAQ:GTAT): Goldman Sachs starts the equity at a Buy with a target of $20.
Â (NASDAQ:INFI): Shares are assigned an Underperform with Wedbush.
Â (NYSE:LADR): Keefe Bruyette launches LADR at Outperform.
Santander Consumer USA
Â (NYSE:SC): Credit Suisse covers the company at Outperform but RBC Capital rates it only a Sector Perform.
Â (NASDAQ:TIVO): The stock gets begun with a Buy at Topeka.
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No positions in stocks mentioned.
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