Shares surged on a day it was effortlessly easy to earn money.
(Unless your name is
), which somehow contrived to slide 1.61% even as stocks enjoyed
their single best session in seven weeks. Perhaps the "great
vampire squid" of capitalism needs a refresher course in counting
cash. If so, those
champagne socialists in France
will happily provide it.)
Consumer inflation fell in March for the first time in four months
and, coincidentally or not,
) advanced 1.52% to rise for the first time in four days. Perhaps
Fed's let-them-eat-iPads policy
is proving correct after all. Such was the ebullience in equities
that iron ore producer
Chicago Bridge & Iron
(CBI) actually ended up, even after
incurring a ratings reduction
. The Iron Lady would no doubt approve, even if Chicago pol
President Obama was correct in telling America "we didn't build
that," for the company is actually headquartered in Holland.
Today in economics, the Fed releases its beige book detailing
regional economic conditions in a dozen districts at 2:00 p.m.
Eastern. On the earnings front, Hump Day of a peak reporting week
sees announcements out of
Bank of America
(ARO): Maxim has a Hold on the clothing company.
(AMCX): The broadcaster behind such shows as
is begun with an Outperform at Sanford Bernstein. Shares, up 52.02%
in the past year, hit an historic high last week.
): Shares are assigned an Overweight at Piper Jaffray.
Casey's General Stores
(CASY): Goldman Sachs starts coverage at a Neutral.
(PLCE): The retailer gets resumed with a Buy at Maxim.
(DTV): The equity is begun with a Buy at Stifel, whose price
objective is $65.
(DISH): Stifel has a Hold on the stock amid issues over the future
of the pay television industry in America.
Group 1 Automotive
(GPI): GPI is begun with a new Neutral at Credit Suisse.
): The yoga-apparel outfit, fresh from its
sheer pants problem
, is picked up with an Overweight by Barclays. As a result, shares
are currently inching up even as stock futures indicate a lower
overall open for equities.
Qihoo 360 Technology
(QIHU): Shares are picked up with an Overweight at Barclays.
Scripps Networks Interactive
(SNI): Bernstein begins SNI at a Market Perform.
SunCoke Energy Partners
(SXCP): The company is covered with a Buy at BB&T Capital.
(WAIR): UBS starts a Sell on the stock.
(WDAY): The company is covered at Outperform with Wedbush.
WPP Group plc
): Evercore establishes an Overweight on the British advertising
Stock Upgrades: Merrill Says Marissa Mayer's Yahoo
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