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Stock Downgrades: Wall Street Hates State Street
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Not even a merger between condoms and lubricants could get investors excited yesterday. The S&P 500 Index (INDEXSP:.INX) eased off all of 0.1%, and Dow Industrials (INDEXDJX:.DJI) ended ever so slightly lower in anemic trading action. With all attention on the fifth anniversary of the market bottom, Nasdaq (INDEXNASDAQ:.IXIC) -- wistfully marking its own anniversary of nine years earlier -- fell for a third straight session. That was then, this is now -- the index remains fully 15% from its peak of 2000. Facebook (NASDAQ:FB), up 3.19% at a fresh best, did try to relive the market's millennial madness. This after stuffy Swiss bank UBS AG (NYSE:UBS), home of 43-page dress codes, tried on a hoodie for size and increased its price objective on a firm it once fitted out for a (law) suit. Jimmy Costas, a Greek-American greengrocer credited with coining the phrase "Yes, we have no bananas," enjoyed a great day from beyond the grave. National Bank of Greece (NYSE:NBG) gained 12.66% on a broker boost, and Chiquita Brands (NYSE:CQB) jumped 10.70%. DreamWorks Animation (NASDAQ:DWA) dropped despite scoring an analyst upgrade after its Mr. Peabody & Sherman did $32.5 million in weekend box office business. Two peas in a pod, or misery loves company? Peabody Energy (NYSE:BTU) plunged 3.65% in a cratering commodity complex.
 
Today in economics, January wholesale inventories are expected to tick up at 10:00 a.m. Eastern. In earnings action, expect earnings announcements out of American Eagle Outfitters (NYSE:AEO), Caesars Entertainment (NASDAQ:CZR), and Dick's Sporting Goods (NYSE:DKS).
 
Amedisys (NASDAQ:AMED): Shares get downgraded to Perform from Outperform at Oppenheimer.
 
Brookfield Renewable Energy Partners (NYSE:BEP): Canaccord Genuity lowers the limited partnership to Hold from Buy.
 
FMC Corp (NYSE:FMC): The stock is cut to Market Perform from Outperform with Wells Fargo.
 
NxStage Medical (NASDAQ:NXTM): NXTM is now Underperform from Market Perform, again at Wells.
 
Panera Bread (NASDAQ:PNRA): The fast food firm is downgraded to Neutral from Buy at Longbow.
 
State Street (NYSE:STT): UBS takes its fellow financial firm to Neutral from Buy.
 
Triumph Group (NYSE:TGI): Shares are slashed to Sector Perform from Outperform at RBC Capital, which says downside risks remain with the company's 747-8 product. Its price objective, previously $77, is now $71.
 
Unisys (NYSE:UIS): Raymond James reduces its rating to Perform from Outperform.
 
US Bancorp (NYSE:USB): The company gets cut to Perform from Outperform at Keefe Bruyette.

Also see:

Stock Upgrades: Go Bananas for Apple and Bank of New York Mellon (MVPRO article)

New Stock Coverage: Intel Is Not Paranoid -- The Analyst Really Dislikes It
(MVPRO article)
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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.
Stock Downgrades: Wall Street Hates State Street
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Not even a merger between condoms and lubricants could get investors excited yesterday. The S&P 500 Index (INDEXSP:.INX) eased off all of 0.1%, and Dow Industrials (INDEXDJX:.DJI) ended ever so slightly lower in anemic trading action. With all attention on the fifth anniversary of the market bottom, Nasdaq (INDEXNASDAQ:.IXIC) -- wistfully marking its own anniversary of nine years earlier -- fell for a third straight session. That was then, this is now -- the index remains fully 15% from its peak of 2000. Facebook (NASDAQ:FB), up 3.19% at a fresh best, did try to relive the market's millennial madness. This after stuffy Swiss bank UBS AG (NYSE:UBS), home of 43-page dress codes, tried on a hoodie for size and increased its price objective on a firm it once fitted out for a (law) suit. Jimmy Costas, a Greek-American greengrocer credited with coining the phrase "Yes, we have no bananas," enjoyed a great day from beyond the grave. National Bank of Greece (NYSE:NBG) gained 12.66% on a broker boost, and Chiquita Brands (NYSE:CQB) jumped 10.70%. DreamWorks Animation (NASDAQ:DWA) dropped despite scoring an analyst upgrade after its Mr. Peabody & Sherman did $32.5 million in weekend box office business. Two peas in a pod, or misery loves company? Peabody Energy (NYSE:BTU) plunged 3.65% in a cratering commodity complex.
 
Today in economics, January wholesale inventories are expected to tick up at 10:00 a.m. Eastern. In earnings action, expect earnings announcements out of American Eagle Outfitters (NYSE:AEO), Caesars Entertainment (NASDAQ:CZR), and Dick's Sporting Goods (NYSE:DKS).
 
Amedisys (NASDAQ:AMED): Shares get downgraded to Perform from Outperform at Oppenheimer.
 
Brookfield Renewable Energy Partners (NYSE:BEP): Canaccord Genuity lowers the limited partnership to Hold from Buy.
 
FMC Corp (NYSE:FMC): The stock is cut to Market Perform from Outperform with Wells Fargo.
 
NxStage Medical (NASDAQ:NXTM): NXTM is now Underperform from Market Perform, again at Wells.
 
Panera Bread (NASDAQ:PNRA): The fast food firm is downgraded to Neutral from Buy at Longbow.
 
State Street (NYSE:STT): UBS takes its fellow financial firm to Neutral from Buy.
 
Triumph Group (NYSE:TGI): Shares are slashed to Sector Perform from Outperform at RBC Capital, which says downside risks remain with the company's 747-8 product. Its price objective, previously $77, is now $71.
 
Unisys (NYSE:UIS): Raymond James reduces its rating to Perform from Outperform.
 
US Bancorp (NYSE:USB): The company gets cut to Perform from Outperform at Keefe Bruyette.

Also see:

Stock Upgrades: Go Bananas for Apple and Bank of New York Mellon (MVPRO article)

New Stock Coverage: Intel Is Not Paranoid -- The Analyst Really Dislikes It
(MVPRO article)
< Previous
  • 1
Next >
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.
Daily Recap
Stock Downgrades: Wall Street Hates State Street
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Not even a merger between condoms and lubricants could get investors excited yesterday. The S&P 500 Index (INDEXSP:.INX) eased off all of 0.1%, and Dow Industrials (INDEXDJX:.DJI) ended ever so slightly lower in anemic trading action. With all attention on the fifth anniversary of the market bottom, Nasdaq (INDEXNASDAQ:.IXIC) -- wistfully marking its own anniversary of nine years earlier -- fell for a third straight session. That was then, this is now -- the index remains fully 15% from its peak of 2000. Facebook (NASDAQ:FB), up 3.19% at a fresh best, did try to relive the market's millennial madness. This after stuffy Swiss bank UBS AG (NYSE:UBS), home of 43-page dress codes, tried on a hoodie for size and increased its price objective on a firm it once fitted out for a (law) suit. Jimmy Costas, a Greek-American greengrocer credited with coining the phrase "Yes, we have no bananas," enjoyed a great day from beyond the grave. National Bank of Greece (NYSE:NBG) gained 12.66% on a broker boost, and Chiquita Brands (NYSE:CQB) jumped 10.70%. DreamWorks Animation (NASDAQ:DWA) dropped despite scoring an analyst upgrade after its Mr. Peabody & Sherman did $32.5 million in weekend box office business. Two peas in a pod, or misery loves company? Peabody Energy (NYSE:BTU) plunged 3.65% in a cratering commodity complex.
 
Today in economics, January wholesale inventories are expected to tick up at 10:00 a.m. Eastern. In earnings action, expect earnings announcements out of American Eagle Outfitters (NYSE:AEO), Caesars Entertainment (NASDAQ:CZR), and Dick's Sporting Goods (NYSE:DKS).
 
Amedisys (NASDAQ:AMED): Shares get downgraded to Perform from Outperform at Oppenheimer.
 
Brookfield Renewable Energy Partners (NYSE:BEP): Canaccord Genuity lowers the limited partnership to Hold from Buy.
 
FMC Corp (NYSE:FMC): The stock is cut to Market Perform from Outperform with Wells Fargo.
 
NxStage Medical (NASDAQ:NXTM): NXTM is now Underperform from Market Perform, again at Wells.
 
Panera Bread (NASDAQ:PNRA): The fast food firm is downgraded to Neutral from Buy at Longbow.
 
State Street (NYSE:STT): UBS takes its fellow financial firm to Neutral from Buy.
 
Triumph Group (NYSE:TGI): Shares are slashed to Sector Perform from Outperform at RBC Capital, which says downside risks remain with the company's 747-8 product. Its price objective, previously $77, is now $71.
 
Unisys (NYSE:UIS): Raymond James reduces its rating to Perform from Outperform.
 
US Bancorp (NYSE:USB): The company gets cut to Perform from Outperform at Keefe Bruyette.

Also see:

Stock Upgrades: Go Bananas for Apple and Bank of New York Mellon (MVPRO article)

New Stock Coverage: Intel Is Not Paranoid -- The Analyst Really Dislikes It
(MVPRO article)
< Previous
  • 1
Next >
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.
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