Thursday was an apocalyptic session for stocks, as
trifecta of trouble
from one of the
Internet's fabled "Four Horsemen"
made for an awful day at the races. A 7.17% slump in
(^DJI) endure their second straight triple-digit dive. With Wall
Street laying a Cadbury Creme Egg, the sweet treat's corporate
owner endured more misery in ending down 1.36%. Recently an
activist investor, sounding suspiciously like the diminutive Jedi
, declared, "
) I hate
." But we all know that Buffett is the real Yoda, and his
slashing its stake
in the food company was behind its funk yesterday. Omaha's oracle
is, of course, a big believer in newspapers yet the ink-stained
wretches at the
New York Times
) had a wretched time of it, nose-diving 3.91%. This after the
nation's newspaper of record was forced to turn to
) for its stories, a fact that Rupert Murdoch's
New York Post
wasted no time
informing us about.
Today in economics, analysts expect an improvement in the
University of Michigan's preliminary August consumer sentiment
survey at 9:55 a.m. Eastern. On the earnings front,
Main Street Capital
(MAIN) are all due to report results.
(AYR): RBC Capital Markets establishes a Sector Perform on AYR.
(FLY): FLY is a fresh Outperform at RBC Capital Markets.
(GLUU): Citing mobile competition concerns, Benchmark Company has a
lukewarm Hold on the stock.
(MZOR): JMP Securities rolls out coverage at Outperform.
Movado Group, Inc
(MOV): The timepiece titan, maker of the legendary Museum Watch, is
begun with a Buy at Brean Capital. The brokerage describes MOV as
an "undiscovered growth story."
Morgan Stanley starts covering
(ONNN) at Underweight but is more upbeat on Overweight-rated
(FCS). Splitting the difference, it assigns an Equal-Weight on
(SMTC): The stock is assigned an Outperform at RBC Capital.
(XEL): UBS establishes a Neutral on XEL.
Stock Upgrades: Pandora Media Inc Is Music to Investors'
Stock Downgrades: General Mills, Inc. Didn't Eat Its