serene white doves popped up on the homepage of CNBC earlier in the
week, you just knew a scary black swan would suddenly appear out of
nowhere. Sure enough, it came in the shape of a 7.5% swan dive in
Japan's main market, which spooked investors worldwide and sent the
(^DJI) down for a second straight day. Just as Mr. Market nursed
his first serious
in ages, Tylenol maker
Johnson & Johnson
) and Aspirin outfit
(OTCMKTS:BAYRY) each scored
. Still, brewing behemoth
(OTCMKTS:SBMRY) slumped after announcing earnings; clearly, we have
seen this movie way too many times before
. Elsewhere, a
(OTCMKTS:AAUKY) tumble 2.94%. It owns 85% of De Beers, famous for
"A Diamond is Forever" advertising campaign created, ironically
two never-married spinsters
Ahead of the long Memorial Day weekend, the bond market is
scheduled to close early. On the corporate front, expect quarterly
earnings announcements out of
Abercrombie & Fitch
Destination XL Group
Tsakos Energy Navigation
(ALNY): Deutsche Bank begins Buy rated research on the biotech.
(CNP): The diversified utility is assigned a Hold by Deutsche Bank.
Kodiak Oil & Gas
(KOG): Deutsche Bank has a Hold on the energy outfit.
(LKQ): The stock is launched with a Buy at Stifel, whose target
price is $33. Favorable factors include an overdue consolidation in
the automotive aftermarket.
(SUMR): The stock is a new Neutral at Roth Capital.
(FTX): William Blair establishes Outperform-rated research on the
medical instruments firm.
Toys & Games
: Roth resumes Neutral-rated coverage on
) and launches
) at a Buy.
Stock Upgrades: Changing Tides Makes Procter & Gamble
a Better Bet
Stock Downgrades: Rue21 Exits Easy Street