(^DJI), down in seven of the past eight Junes, surged to start the
star-crossed month with its best gain in weeks. In the words of
) - whose car company just jumped 1.34% to a multi-year peak in a
roaring auto sector - "History is bunk."
The ebullience in equities was such that even
) gained 1.86%, this as an employee at its Taco Bell unit was
photographed licking his customers' food
. (A salient reminder that one should never confuse the health of a
company with that of its stock.)
Across the Atlantic, headlines in Athens continued to be bleak,
National Bank of Greece
) nose-diving an NYSE-worst 15.24%. Still, one must admire the
attempts to enliven ever more depressing
Today's quarterly earnings announcements are due to include
American Residential Properties
(ARPI): Morgan Stanley starts the stock at Overweight.
(ATHN): Goldman Sachs assigns a Neutral on ATHN.
(CERN): The information technology outfit gets begun with a Buy at
Emerge Energy Services
(EMES): Shares are set a Buy at Citigroup.
Ethan Allen Interiors
(ETH): The furniture firm is a fresh Buy at Dougherty.
(ISIL): Piper Jaffray starts the semiconductor stock at an
(LSI): Longbow launches LSI at a Buy.
): The integrated circuits outfit is initiated with a bullish Buy
at Roth Capital.
(PSFI): Shares are picked up with a Neutral at Bank of
(RPM:) The specialty chemicals company is a new Neutral at Robert
W. Baird, whose target price is $36. A domestic commercial
construction snap back should be a boost, but shares appear
appropriately valued at current levels.
(SEAS): Wells Fargo establishes the recent initial public offering
(VAL): Robert W. Baird begins Neutral-rated research and an $80
target price on the company.
Stock Upgrades: Happy Headlines at USA Today Owner
Stock Downgrades: Railing Against Canadian