"Sell in May and go away" doesn't work so well when it's
Christmas in April
. Positive employment data from Challenger, Gray & Christmas,
allied with a slew of solid earnings announcements, saw shares rise
for an eighth session in ten, with
(^IXIC) now at levels last seen in November 2000.
Animal spirits were once again everywhere, with a bull run sending
) up an astonishing 33.27%. Previously shunned stocks also regained
favor. Botox maker
), which imploded 13.10% on Wednesday for its steepest slide in 14
years, rebounded 2.68% after an
analyst opted to turn the other cheek
, so to speak. (If
Joan Rivers will forgive the phrase
iconic investor took to Twitter
to announce he is "in the house." Which one wasn't specified but
knowing his Midas touch in equities, it was likely
(BZH) - up 10.30% yesterday and thrice upgraded this morning. Or
Maxwell House, whose owner
(KRFT) is presently enjoying an impressive 2.00% pre-market bounce.
Today in economics, analysts expect April's Institute for Supply
Management non-manufacturing report to fall from the prior month's
pace at 10:00 a.m. Eastern.
On the corporate front, the final full week of reporting season
Madison Square Garden
Royal Bank of Scotland
(YRCW) all due to release results.
(CBST): The stock, a 3.34% gainer yesterday, is this morning
initiated with a Buy at UBS.
): The maker of watches and other accessories is begun with a
bullish Buy at Topeka.
): Credit Suisse covers the commodity company at Outperform.
Osage Exploration & Development
(OEDV): The small cap oil and gas outfit gets assigned a Buy at
Stock Upgrades: Make a Mint (Julep) in Jim Beam Ahead of
Stock Downgrades: PetSmart Is in the Doghouse