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Stock Downgrades: Will Staples Be the Bain of Mitt Romney?
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Half a decade after the bottom called by the late, great Mark Haines with eerie precision, S&P 500 Index (INDEXSP:.INX) shares reached a new top. Back then the bourse flattened out at 666, but we have since gone from the devil to "God's work," with Goldman Sachs (NYSE:GS) gaining 4.7% to top all Dow (INDEXDJX:.DJI) issues last week. This, even as its gun-toting elevator author was stripped of his book deal. (I still wouldn't mess with the Texan, especially with Smith & Wesson (NASDAQ:SWHC) having just surged some 19.91%.) Bonds, James and otherwise, were shaken and stirred as Sean Connery laughably weighed in on Scottish independence from the Bahamas and erstwhile "bond king" Bill Gross had his halo slip furtherBank of Ireland (NYE:IRE) nose-dived 19% but, as Dublin's own Bono can attest, it shouldn't take no for an answer.
 
There aren't any top-tier economic reports released today, but FuelCell Energy (NASDAQ:FCEL), Full House Resorts (NASDAQ:FLL), and Urban Outfitters (NASDAQ:URBN) are all expected to announce earnings.
 
Athenahealth (NASDAQ:ATHN): Shares get downgraded to Underperform from Perform at Oppenheimer.
 
Deutsche Telekom (OTCMKTS:DTEGY): Jefferies takes the Teuton telecom titan to Hold from Buy.
 
Dupont Fabros Tech (NYSE:DFT): The stock is now Hold from Buy at Jefferies. Its price objective, previously $29, is trimmed to $25.
 
Expeditors International (NASDAQ:EXPD): Shares are moved to Market Perform from Outperform at FBR Capital, which also trims its target price by $3 to $45. Concerns include an increasingly challenging pricing backdrop.
 
Homebuilders: Bank of America-Merrill Lynch lowers KB Home (NYSE:KBH) by an unusual 180 degrees, all the way to Underperform from Buy, and moves Meritage (NYSE:MTH) to Underperform from Neutral.
 
HomebuildersDR Horton (NYSE:DHI) and New Home (NYSE:NWHM): are each now Neutral from Buy at Citigroup.
 
National Retail Properties (NYSE:NNN): Due to a steep valuation, FBR Capital reduces its rating to Perform from Outperform.
 
Staples (NASDAQ:SPLS): The office supply outfit, which Bain Capital put on the map in the 1980s, is taken to Hold from Buy by BB&T. Last week its shares slid 15.55%.

Also See:

New Stock Coverage: Home Shop Till You Drop at HSN Inc. (MVPRO article)

Stock Upgrades: Lost an Hour of Sleep? Replenish Your Daylight Savings With DreamWorks (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: Will Staples Be the Bain of Mitt Romney?
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Half a decade after the bottom called by the late, great Mark Haines with eerie precision, S&P 500 Index (INDEXSP:.INX) shares reached a new top. Back then the bourse flattened out at 666, but we have since gone from the devil to "God's work," with Goldman Sachs (NYSE:GS) gaining 4.7% to top all Dow (INDEXDJX:.DJI) issues last week. This, even as its gun-toting elevator author was stripped of his book deal. (I still wouldn't mess with the Texan, especially with Smith & Wesson (NASDAQ:SWHC) having just surged some 19.91%.) Bonds, James and otherwise, were shaken and stirred as Sean Connery laughably weighed in on Scottish independence from the Bahamas and erstwhile "bond king" Bill Gross had his halo slip furtherBank of Ireland (NYE:IRE) nose-dived 19% but, as Dublin's own Bono can attest, it shouldn't take no for an answer.
 
There aren't any top-tier economic reports released today, but FuelCell Energy (NASDAQ:FCEL), Full House Resorts (NASDAQ:FLL), and Urban Outfitters (NASDAQ:URBN) are all expected to announce earnings.
 
Athenahealth (NASDAQ:ATHN): Shares get downgraded to Underperform from Perform at Oppenheimer.
 
Deutsche Telekom (OTCMKTS:DTEGY): Jefferies takes the Teuton telecom titan to Hold from Buy.
 
Dupont Fabros Tech (NYSE:DFT): The stock is now Hold from Buy at Jefferies. Its price objective, previously $29, is trimmed to $25.
 
Expeditors International (NASDAQ:EXPD): Shares are moved to Market Perform from Outperform at FBR Capital, which also trims its target price by $3 to $45. Concerns include an increasingly challenging pricing backdrop.
 
Homebuilders: Bank of America-Merrill Lynch lowers KB Home (NYSE:KBH) by an unusual 180 degrees, all the way to Underperform from Buy, and moves Meritage (NYSE:MTH) to Underperform from Neutral.
 
HomebuildersDR Horton (NYSE:DHI) and New Home (NYSE:NWHM): are each now Neutral from Buy at Citigroup.
 
National Retail Properties (NYSE:NNN): Due to a steep valuation, FBR Capital reduces its rating to Perform from Outperform.
 
Staples (NASDAQ:SPLS): The office supply outfit, which Bain Capital put on the map in the 1980s, is taken to Hold from Buy by BB&T. Last week its shares slid 15.55%.

Also See:

New Stock Coverage: Home Shop Till You Drop at HSN Inc. (MVPRO article)

Stock Upgrades: Lost an Hour of Sleep? Replenish Your Daylight Savings With DreamWorks (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: Will Staples Be the Bain of Mitt Romney?
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

Half a decade after the bottom called by the late, great Mark Haines with eerie precision, S&P 500 Index (INDEXSP:.INX) shares reached a new top. Back then the bourse flattened out at 666, but we have since gone from the devil to "God's work," with Goldman Sachs (NYSE:GS) gaining 4.7% to top all Dow (INDEXDJX:.DJI) issues last week. This, even as its gun-toting elevator author was stripped of his book deal. (I still wouldn't mess with the Texan, especially with Smith & Wesson (NASDAQ:SWHC) having just surged some 19.91%.) Bonds, James and otherwise, were shaken and stirred as Sean Connery laughably weighed in on Scottish independence from the Bahamas and erstwhile "bond king" Bill Gross had his halo slip furtherBank of Ireland (NYE:IRE) nose-dived 19% but, as Dublin's own Bono can attest, it shouldn't take no for an answer.
 
There aren't any top-tier economic reports released today, but FuelCell Energy (NASDAQ:FCEL), Full House Resorts (NASDAQ:FLL), and Urban Outfitters (NASDAQ:URBN) are all expected to announce earnings.
 
Athenahealth (NASDAQ:ATHN): Shares get downgraded to Underperform from Perform at Oppenheimer.
 
Deutsche Telekom (OTCMKTS:DTEGY): Jefferies takes the Teuton telecom titan to Hold from Buy.
 
Dupont Fabros Tech (NYSE:DFT): The stock is now Hold from Buy at Jefferies. Its price objective, previously $29, is trimmed to $25.
 
Expeditors International (NASDAQ:EXPD): Shares are moved to Market Perform from Outperform at FBR Capital, which also trims its target price by $3 to $45. Concerns include an increasingly challenging pricing backdrop.
 
Homebuilders: Bank of America-Merrill Lynch lowers KB Home (NYSE:KBH) by an unusual 180 degrees, all the way to Underperform from Buy, and moves Meritage (NYSE:MTH) to Underperform from Neutral.
 
HomebuildersDR Horton (NYSE:DHI) and New Home (NYSE:NWHM): are each now Neutral from Buy at Citigroup.
 
National Retail Properties (NYSE:NNN): Due to a steep valuation, FBR Capital reduces its rating to Perform from Outperform.
 
Staples (NASDAQ:SPLS): The office supply outfit, which Bain Capital put on the map in the 1980s, is taken to Hold from Buy by BB&T. Last week its shares slid 15.55%.

Also See:

New Stock Coverage: Home Shop Till You Drop at HSN Inc. (MVPRO article)

Stock Upgrades: Lost an Hour of Sleep? Replenish Your Daylight Savings With DreamWorks (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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