The market went from
Meals On Wheels
in 24 torrid hours. A day after impressive earnings from the bling
king helped send blue chips up 106 points, a serious bout of
subsequent indigestion saw the
(^DJI) drop 106 points for its worst day in weeks.
Congress, those hard-working devils, remained on recess but pork
still managed to find its way on the menu as hog processor
) surged 28.42% after being bought by Beijing for $4.7 billion.
Little did Tricky Dick know, when he
fumbled awkwardly with Communist chopsticks
in 1972, what he had wrought on the heartland of capitalism.
Elsewhere, analysts took
march of the penguins
a little too literally, with a flock of like-minded
squishy 'Hold' initiations
sending Shamu swan-diving 4.14%.
Today in economics, April pending home sales are out at 10:00 a.m.
Eastern. In corporate earnings action,
China Ming Yang Wind Power
Lions Gate Entertainment
Royal Bank of Canada
(SAFM) are all due to report results.
(T): BMO Capital begins the
(^DJI) component at a Market Perform.
Bright Horizons Family Solutions
(BFAM): Shares are assigned a Buy at Jefferies.
(CTAS): Jefferies begins Buy rated coverage on CTAS.
: Suntrust Robinson Humphrey resumes Buy-rated research on
(FRX). It has a new Neutral on Dow member
(MRK) and rates fellow blue chip
(PFE) a Reduce.
(EMAN): The semiconductor stock gets picked up at Perform by
Oppenheimer, which would wait for an improvement in yield before
building meaningful positions in the name.
) is an Equal Weight at Evercore, which has upbeat Overweights on
(LXRX): Shares are launched with a Buy at Jefferies.
(PTRY): Stephens starts the stock at Equal Weight.
(S) and Dow member
(VZ) are both begun with Outperforms at BMO Capital.
(MTN): Evercore establishes an Equal Weight on the Colorado ski and
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