Eons before his Oscar-winning "McConaissance," the suddenly resurgent actor Matthew McConaughey starred in a box office bomb called Failure to Launch
. Today, Rocket Fuel
(NASDAQ:FUEL) suffers a similar fate, with its stock currently crashing 30.35% after the company offered investors an earnings miss and distinctly cloudy outlook.
As we get set to honor all things maternal, Mr. Market finally acknowledged his brothers by another mother. Specifically, Super Mario and Lehman, with Dow Industrials
(INDEXDJX:.DJI) being boosted by both dovish comments from Mr. Draghi and a 7.39% surge in Barclays
(NYSE:BCS), which long ago acquired what was left of the cursed bank
. CBS Corp
(NYSE:CBS) reported earnings boosted by the boffo series finale of How I Met Your Mother
, and Twenty-First Century Fox
(NASDAQ:FOXA) jumped 6.54% after ditching its Dads
. Rupert Murdoch, who remains a sugar daddy for the media firm, once famously took a pie in the eye
. Here's hoping it wasn't one of the pastry offerings
of culinary company Career Education Corp.
(NASDAQ:CECO), which tumbled 26.27%. And Tesla Motors
(NASDAQ:TSLA) imploded 11.30% to prove that, even for the miraculous Mr. Musk, into every life some rain must fall. Actually, scratch that, as his beloved SolarCity
(NASDAQ:SCTY) simultaneously skyrocketed 12.35%.
Today's quarterly earnings announcements include Alcatel-Lucent
(NASDAQ:SATS), Ralph Lauren
(NYSE:RL), and Telefónica
Now let's look at this morning's rating reductions, an eclectic bunch that features both techs and biotechs, plus headline stock Rocket Fuel.
(NYSE:AEE): Morgan Stanley moves the stock to Equal-Weight from Overweight.
(NASDAQ:CHTP): With valuation issues an understandable concern after yesterday's 31.60% surge, JMP Securities today slashes the biotech to Perform from Outperform.
(NASDAQ:FANG): Shares are now Neutral from Buy at Roth Capital.
(NYSE:MCP): The stock, which imploded 18.46% to a new low on Thursday, was moved to Underweight from Neutral at JPMorgan.
(NYSE:RNR): UBS reduces RNR to Neutral from Buy.
: Today's headline stock gets downgraded to Perform from Outperform by BMO Capital and to Neutral from Americas Buy List at Goldman Sachs, which also slashes its price objective to $25 from $69.
(OTCMKTS:RYCEY): The stock is trading lower in London today on the back of a substantial downgrade (Underweight from Overweight) by Barclays, whose concerns include growth and margin issues.
(NYSE:RNDY): Bank of America Merrill Lynch lowers the company to Neutral from Buy.
(NYSE:SWX): Shares get downgraded to Hold from Buy amid a cold-weather-related construction site slowdown.
(NYSE:TDC): Stifel takes TDC to Hold from Buy after the tech company issued disappointing second-quarter earnings guidance.
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No positions in stocks mentioned.
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