Jiroemon Kimura, the
planet's oldest person, turned 116 years young on
. What a pity that another product of the mid 1890s, the
Dow Jones Industrial Average
(^DJI), marked the occasion by wrapping up its worst week of 2013.
Blue chips tumbled 2.14% in posting their poorest performance since
a June swoon amid uninspiring economic data and a decidedly iffy
start to earnings season.
) nosedived 9.1% in falling below $400, but
), down 12%, and
International Business Machines
), which lost 10%, will both be crying a river at that fate. Amid
the mayhem two blue chips did post strong showings.
(MSFT), founded by a Harvard dropout who went on to invent Excel,
gained 3.4%. (A
couple of hoity-toity Harvard economists could
clearly use a refresher course
in how to use the spreadsheet.)
Elsewhere, Tylenol was shown not just to help headaches but
also successfully treat existential angst
. Not that investors in its owner
Johnson & Johnson
(JNJ), which jumped 2.12% to an historic high, should have any of
that. And on Wall Street, you really can swim with the sharks
without being eaten alive. Shamu's
(SEAS), whose underwriters were "great vampire squid"
(GS) and "London whale"
(JPM), surged 24.15% on its first day of trading.
This morning in economics, March existing home sales are expected
to increase from the prior month's pace at 10:00 a.m. Eastern. Peak
earnings week is upon us, with today's key results due to include
(ADSK): Evercore assigns an Equal Weight on ADSK.
(ALV): The auto parts outfit is a new Equal Weight at Barclays.
Cabot Oil & Gas
(COG): Deutsche Bank covers COG with a Hold.
(CNDO): The company is launched with a Buy recommendation at Bank
of America-Merrill Lynch.
(HAR): The electronic equipment equity is begun with an Equal
Weight at Barclays.
(MAKO): Shares are a Hold at WallachBeth, whose target is $12.
Shares are seen as range bound in the near-term.
(PMTC): The technical software stock is set an Overweight at
): Shares are initiated with an Outperform at Barrington, sending
it up 4.03% before this morning's opening bell.
(SRPT): The stock is a new Buy at Needham, whose target is $57 on
high hopes for its eteplirsen product in development.
Subsea 7 S.A.
): Shares are established with a Hold by Deutsche Bank.
(TRW): Barclays begins Overweight rated research.
Stock Upgrades: Has Worm Finally Turned on
Stock Downgrades: Lights Go Out on General