Stocks sank, with the
(^DJI) snapping a six-week winning streak, as Ben Bernanke's
good ship QE
the Love Boat
on a list of ocean liners heading for the scrapheap. Telecoms
tumbled 2.08% in posting the poorest performance of all 10
industries, despite the best efforts
) Tim Armstrong, who
fired someone via the phone
. This as two similarly-dismissed employees of a big bank
may now be looking at prison time
, although at least any
penitentiary calls will now cost considerably
. Elsewhere analysts at
) may want to phone a friend for a lifeline. Its
perennially top-notch research team
endured a torrid week,
) one day before it surged an
(^GSPC)-best 17.81% and
) hours before it hit the highest level in company history. (In
each case, they may not be wrong, only early. Time alone, as it
always does, will tell.)
Today in economics, the Treasury releases its July budget at 2:00
p.m. Eastern. On the quarterly earnings front,
(WX) are all expected to announce results.
(A): Oppenheimer establishes the stock at Perform.
Alliance Data Systems
(ADS): The stock gets begun with a Buy at Goldman Sachs.
: Goldman resumes
Polo Ralph Lauren
(RL) at a Neutral and begins Buy-rated research on
(PVH), the former Phillips-Van Heusen.
(CX): BNP Paribas begins covering the Mexican cement stock at an
(NYLD): Deutsche Bank has a Hold on the stock.
(OMED): OMED is assigned an Overweight at Piper Jaffray.
(PMFG): Needham has a Hold on the diversified machinery name, as
solid demand prospects are balanced out by a relatively rich
(TMHC): Shares are started at Outperform by JMP Securities.
Tiffany & Co.
(TIF): Goldman Sachs starts the bling king at a lukewarm Neutral.
(UCP): The property manager is picked up with a Buy at Citigroup.
(WWAV): Shares are covered at Outperform by Credit Suisse.
Stock Upgrades: There's Dollars In Krispy Kreme
Stock Downgrades: Royal Dutch Shell plc Is All at