Ben Bernanke, clearly
, recently delivered a speech entitled "
Economic Prospects for the Long Run.
" What, then, would he make of the extremely short-term stock
gyrations caused by his every muttering? The
(^DJI), up over 150 at its peak, subsequently tumbled by triple
digits in its wildest high-to-close gyration since the March 2009
market bottom. This after the Fed head took his
to the Capitol dome and confused everyone, perhaps even including
himself. (The follicularly-challenged central banker must truly be
tearing his hair out right about now, for Rogaine maker
Johnson & Johnson
) has just been assigned a "Sell" rating.) Thus in the space of one
spacy session, investors learned the age-old adage that what goes
up, must come down. Especially if you are
legally blonde and attempting to go up a down
), which did at least have the decency to surge 13.39%. The
) must be much easier to use, and yesterday sent that stock to the
highest level in its illustrious history.
Today in economics, analysts expect April new home sales to improve
on the prior month's pace at 10:00 a.m. Eastern. In earnings
Advance Auto Parts
(WSM) are all due to release results.
(OTCMKTS:BAYRY): On a day the market may have a headache, Morgan
Stanley starts the Aspirin maker at Equal-Weight.
Chipotle Mexican Grill
(CMG): The fast food firm is a fresh Neutral at Credit Suisse.
(CSGP): Wells Fargo covers the property management company at
(IT): IT is a new Market Perform at BMO Capital.
: Stifel has Holds on
Johnson & Johnson
): Today's equity futures are down on Wall Street but stock in this
(^DJI) component, whose ubiquitous brands include Band-Aid and
Tylenol, has increased for 20 straight weeks in a feat not seen
anywhere since 1990. Still, Credit Suisse begins bearish rated
research, assuming coverage at Underperform.
(LCI): LCI is launched with a Buy at Needham, whose price objective
is $15. Catalysts include additional generic drug approvals and
(VAC): The timeshare name is begun with a Buy assessment and $55
target price at Stifel, which says dividend and stock buybacks are
both distinct possibilities.
(OTCMKTS:KGAY): The German outfit - an entity distinct from
(MRK) - is initiated with an Overweight at Morgan Stanley.
(NGD): Global Hunter covers the commodity company, up 1.53% in
yesterday's down market, at a Buy.
Stock Upgrades: Mystic Meg Predicts Profits at
Stock Downgrades: A Farewell to ARM Holdings