Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stock Downgrades: Blockbuster Nights Are Over at Tremor Video

By

Wall Street ratings agencies set the tone for today's stock market.

PrintPRINT
Feathers - Twitter (NYSE:TWTR) surged 72.69% on its IPO - and feather beds -Tempur Sealy (NYSE:TPX) jumped 12.09% - each fared just fine yesterday. (And who could forget you, rubber ducky?) Otherwise, however, investors were well advised to stuff money in mattresses as US stock markets endured their single worst session since August. Twitter was the talk of the town, attracting bullish buy initiations. As, indeed, did budget air carrier EasyJet (OTCMKTS:ESYJY), founded by Cypriot Sir Stelios Haji-Ioannou. But economic angst in his country, so horrible to songbirds, is now apparently yesterday's news. Mondelez (NASDAQ:MDLZ), whose Oreos are as addictive as cocaine to rats, fell 4.04%, and Fairway Group (NASDAQ:FWM), which knows all about rodents, tumbled 21.64%. Meanwhile mice fared no better, with Whole Foods (NASDAQ:WFM) - home to the critters - imploding 11.18% and Mouse House Walt Disney (NYSE:DIS) dropping 2.68%.

In terms of economic events that may move US markets this morning, the Reuters/University of Michigan preliminary consumer sentiment index for November is expected to improve from October's final figure at 9:55 a.m. Eastern. Regarding specific stocks, Atlas Energy (NYSE:ATLS), Cablevision (NYSE:CVC), Compagnie Financière Richemont (VTX:CFR), Leap Wireless (NASDAQ:LEAP), Lions Gate Entertainment (NYSE:LGF), Telefónica (NYSE:TEF), and Xinyuan Real Estate (NYSE:XIN) are all due to announce earnings.

BAE Systems (OTCMKTS:BAESY): Shares are cut to Hold from Buy at Investec.

Coca-Cola Hellenic (NYSE:CCH): Barclays reduces the bottling behemoth to Equal Weight from Overweight.

Deere (NYSE:DE): Bank of America-Merrill Lynch lowers to Neutral from Buy.

LVMH Moët Hennessy-Louis Vuitton (OTCMKTS:LVMUY): With France freshly downgraded, this is no time to be buying pricey Parisian haute couture. Raymond James reduces its rating on the last word in luxury to a still-bullish Outperform from Strong Buy.

RDA Microelectronics (NASDAQ:RDA): Amid merger doldrums, RDA was taken to Neutral from Buy at DA Davidson. Its price objective is $18.

Tim Hortons (NYSE:THI): Canaccord Genuity cuts Canadian coffee and doughnut king Tim Hortons to Hold from Buy. Shares of Tim Hortons, co-founded by a Canuck hockey icon tragically killed in a 1974 car crash, have recently hit historic highs.

Tremor Video (NYSE:TRMR): So this week, I heard on the radio someone killed the video star. Tremor Video, which imploded 8.77% yesterday, is today taken to Hold from Buy at Canaccord Genuity. Its concerns regarding Tremor Video include iffy third quarter earnings and uninspiring forward guidance.

United Continental (NYSE:UAL): Barclays lowers the airline to Underweight from Equal Weight.

Whole Foods Market (NASDAQ:WFM): More bad news for Whole Foods, the gourmet grocer that gapped down 11.18% yesterday. This morning Goldman Sachs, whose expensively remunerated employees are fortunate enough to be able to afford a trip to 'Whole Paycheck,' cuts it rating from to Neutral from Buy. Even after Thursday's swoon, Whole Foods shares are still up 19.38% since November 2012.

Windstream (NASDAQ:WIN): Morgan Stanley moves the stock to Underweight from Equal-Weight.

(See also: New Stock Coverage: Is McDonald's, Much Like the French, Fried? and Stock Upgrades: Scotts Miracle-Gro Not Going to Pot)
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.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE