Although she somehow escaped the clutches of Joan Riversâ€™ fashion police, I have it on good authority that Bjork was indeed at the Oscars on Sunday. And this time, she wore a â€œblack swan event
â€ dress to warn us of impending calamity by the Black Sea. Donâ€™t doubt that the Reykjavik-born singer has powers of prognostication to shame any economic sage. After all, at an Academy Awards in the early aughts,Â her white swan dress
Â proved an eerily prescient coded signal of coming financial catastrophe, much of it emanating out of the singerâ€™s native Iceland. As it was,Â Dow Industrials
(INDEXDJX:.DJI) yesterday endured their worst session in a month after Vlad the Mad flexed his military muscles. Mind you, you canâ€™t actually blame Mother Russia for any losses incurred. Quite the contrary, the planetâ€™s heaviest smokers
Â clearly inspired cigarette stocksÂ Lorillard
Â (NYSE:LO) and Reynolds American
Â (NYSE:RAI) to top the entireÂ S&P 500
Â (INDEXSP:.INX), rising a respective 9.27% and 4.84%. Alas, Red Lobster ownerÂ Darden Restaurants
(NYSE:DRI) fell 5.35% to post the indexâ€™ poorest performance, so it is now sadly a lot less profitable for our cousins in theÂ Kremlin to poison their enemies with radioactive sushi rolls
. Elsewhere, who on Earth would want to be either theÂ worldâ€™s richest man
Â orÂ its sexiest woman
Â (NASDAQ:MSFT) dropped 1.38% amid dual executive exits even as Bill Gates reclaimed top spot among global earners. And Scarlett Johansson saw herÂ SodaStream
(NASDAQ:SODA) implode 1.11% on aÂ rating reduction
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
Abercrombie & Fitch
Â (NYSE:ANF): Shares are now Outperform from Neutral at Credit Suisse. Its price objective, previously $36, increases to $52. The clothing companyâ€™s long-suffering stock is heading higher this morning after the bank hailed its improved inventory management among other favorable factors.
Â (OTCMKTS:BPSAY): Bank of America-Merrill Lynch lifts its fellow financial name to Buy from Neutral.
Â (NYSE:HLT): (Fedora hat tip toÂ CasablancaÂ for todayâ€™s title
.) Paris Hiltonâ€™s already bulging bank balance should swell further today after Goldman Sachs gave her familyâ€™s accommodation empire a Buy-from-Neutral upgrade. Increased clarity on capital allocation plans is seen as a catalyst by the bank, which also increases its target price to $26 from $23. The equity is currently trading up an impressive 2.93% as a result of the analystâ€™s increased optimism.
Â (NYSE:MGA): More good news for the auto parts outfit, which surged 5.08% even in Mondayâ€™s brutal market. Shares are now Neutral from Sell at Goldman Sachs and Neutral from Underweight at JPMorgan. The stock is, accordingly, adding on another 2.33% even as we speak.
Â (NYSE:PHM): KeyBanc Capital hoists the home-builder to Buy from Hold.
Â (NYSE:SUNE): The semiconductor stock gets moved to Overweight from Equal Weight at Morgan Stanley.
Â (NYSE:WNS): Robert W. Baird raises its recommendation on the business services firm to Outperform from Neutral.
Stock Downgrades: Cliffs Natural Resources Not Worth Hill of Beans (MVPRO article)
New Stock Coverage: Kiss Estee Lauder as if It Were the Last Time (MVPRO article)
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.