Wall Street's money tree was always destined to stopped growing
eventually, but what a pity it occurred just ahead of this
(^GSPC) snapped a four-session record run amid iffy economic data
on either side of the Atlantic. Athens beverage behemoth
Coca-Cola Hellenic Bottling
) is slumping 5.6% in London today, just as
Greece prepares to sing a song called "Alcohol Is
Free" at tomorrow's Eurovision Song Contest
. (Just as well, as its economy is enough to drive even teetotalers
On a day of slim pickings in the stock market,
Bill Gates picked off Slim to become the planet's
richest person once more
. Fellow bridge player Warren Buffett fared less well, however, as
Standard & Poor's cut the rating of his holding company.
), 11.5% owned by
(BRK.B), opted not to follow suit.
Today in economics, the University of Michigan's preliminary May
consumer sentiment survey and April leading indicators are each
expected to improve at 9:55 a.m. Eastern and 10:00 a.m.,
respectively. In earnings action, look for results from
): The telecom titan, a key
(^DJI) component, is assigned only a lukewarm Equal Weight by
(CEMP): Jefferies begins Buy-rated coverage on the biotech company.
: Something for everyone at Barclays, which establishes an
(AMT), Equal Weights on
(TMUS), and an Underweight on
(BLOX): Needham begins Buy rated research on BLOX, whose price
objective is $26. Catalysts include operating margins that could
eventually exceed 20% amid an impressive infrastructure roll out.
McCormick & Company
(MKC): Citigroup has a new Neutral on the spice and condiment
(NUVA): The surgical stock is begun with a Buy rating and $27
target price at WallachBeth, which highlights its aim to become a
$1 billion player in the spine market amid increased adoption of
the company's technology.
(REGN): UBS resumes Neutral-rated research on REGN.
(TGI): The aerospace outfit gets set a Neutral at Cowen.
(VZ): The Dow member is a fresh Overweight at Barclays.
(WWWW): Northland Capital has a new Outperform, and $26 target, on
the tech name, which it says is an impressive way to play SMB
(Server Message Block) migrating to the cloud.
Stock Upgrades: General Motors on Road to Riches
Stock Downgrades: Pottery Barn Owner Williams-Sonoma
Needs to Take a Break