When the papa of Buckingham Palace's latest addition
arrived on the scene himself back in 1982
, his birth begat the
mother of all bull markets
. Like father, like son, since the
(^DJI) yesterday hit its 28th record high of 2013 to welcome the
royal baby into the world. Let us only hope that the future king
does not share his
ancestor's enchantment with the wireless
) just fell 5.12%. Great Britons, a famously green-thumbed bunch,
sent plenty such gifts to the future monarch, yet that didn't seem
), which slumped 5.02%.
Holding your nose
is clearly the best current policy in all matters horticultural.
And while the situation in Detroit truly stinks, an inebriated
Canadian was still
willing to brave shark-infested waters to swim
there in the wee hours
This morning in economics, analysts expect an increase in June new
home sales at 10:00 a.m. Eastern. On the corporate front, the
midpoint of the busiest week for quarterly earnings announcements
is upon us. Today's results are due to include
Costco Wholesale Corporation
(COST): The giant warehouse chain is covered with a Buy at Williams
Capital Group, whose price objective is $132. Catalysts include
solid same-store sales growth and a loyal cardholder clientele.
Shares hit the highest level in their history yesterday.
EPL Oil & Gas
(EPL): Canaccord Genuity has a Hold on the energy outfit.
(PBI): PBI is picked up at a Neutral by Piper Jaffray.
(ROSE): Shares are resumed with a Buy recommendation at Canaccord
United Parcel Service
(UPS): UPS is assigned an Outperform at Credit Suisse.
Stock Upgrades: Apple Inc. Bites Back
Stock Downgrades: Norfolk Southern Corp. Heads
South in a Hurr