Well, that was the most contentious question
to a chair since Clint Eastwood
. (Nothing against Dirty Harry, incidentally. Indeed, his "Make My Day
" -- and a broker boost
-- evidently inspired MakeMyTrip
(NASDAQ:MMYT) to a 6.01% surge, even as the Dow
(INDEXDJX:.DJI) dropped by triple digits. So, yes, I do indeed feel lucky, punk.) The surprisingly specific six-month timeline of Ms. Yellen spooked markets. Surely she should have instead employed the clear-as-mud communication style of her predecessor, a man who made "purposeful obfuscation
" an art form. Mind you, even being the Oracle
(NYSE:ORCL) of Delphi was no prescription for prophets as its stock, downgraded today, ended off 0.75% after issuing iffy earnings. The forked-tongued Mr. Greenspan never did solve the age-old question of which came first, the chicken or the egg, and scientists are, alas, no closer to solving that timeless conundrum. Fossil
(NASDAQ:FOSL) jumped 1.86% after dinosaur-digging paleontologists discovered the poultry from Dante
. Plus, as we shall soon see, the owner of Kentucky Fried Chicken scores a broker boost this morning. Yet I wouldn't renege on the egg, either, not after a scrap-metal dealer in America's heartland unearthed a priceless Faberge at a rummage sale
. What, pray tell, would President Putin say about that? All I know is that Winston Churchill was right when at the closing of the "Iron Curtain" he also coined, "I cannot forecast to you the action of Russia. It is a riddle, wrapped in a mystery, inside an enigma."
Today in economics, February existing home sales and leading indicators, along with the Philadelphia Fed index for March, are all out at 10:00 a.m. Eastern. Expect corporate earnings announcements from ConAgra Foods
(NYSE:CAG), Lennar Homes
(NYSE:LEN), and Nike
American Homes 4 Rent
(NYSE:AMH): Bank of America Merrill Lynch lifts the residential name to Buy from Neutral, sending it up before the bell. Its price objective is $19.
(NYSE:CX): The Mexican cement behemoth gets a Buy-from-Neutral boost at Longbow.
(NASDAQ:INFN): Stifel hoists the stock to Buy from Hold with a $13 target price amid an improving picture in Europe and select areas of Asia.
(NYSE:VOYA): Shares get upgraded to Buy from Hold at Deutsche Bank, whose objective is $43.
(OTCMKTS:MKGAY): The German company, not to be confused with Merck
(NYSE:MRK) of America, is increased to Hold from Sell at Societe Generale.
(NYSE:ASGN): Wells Fargo moves the equity to Outperform from Market Perform.
(NASDAQ:TRNX): TRNX is taken to Outperform from Market Perform, again at Wells.
(NASDAQ:ULTA): Goldman Sachs gives the cosmetics company a Buy-from-Neutral upgrade. Its price objective, previously $107, increases to $118.
: El Paso Electric
(NYSE:EE) is now Neutral from Sell at Goldman, which also adds NRG Energy
(NYSE:NRG) to the Conviction Buy list partially on account of its impressive free cash flow.
(NYSE:WCG): Shares get lifted to Outperform from Perform at Leerink Swann, which also takes its target up by $15 to $74.
(NYSE:YUM): I am seriously not liking President Putin right now, but his predecessor Comrade Gorby was on the money in endorsing Pizza Hut
. Today its parent Yum Brands, which also owns KFC and Taco Bell, gets taken to Outperform from Market Perform at First Global.
New Stock Coverage: First Day of Spring Too Late to Enjoy Aruba
Stock Downgrades: Analyst Is So Over Under Armour
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