Mr. Market finally split with Ms. Ruby Tuesday after
20 straight dates
, only to ultimately find love in the arms of
His Girl Friday
. A just-right May jobs report on the final trading session enabled
shares to end in the black on the week. Not all equities shared in
the exuberance, however, with language learning outfit
) tumbling 13.72%.
Something was certainly lost in translation when Frenchman
FranÃ§ois Hollande, speaking in Asia, had his remarks interpreted
into English thus: "
You must understand that the crisis in the eurozone
." This will be news not just to his fellow countrymen, whose
unemployment rate rose to a record high, but also to Athens, where
National Bank of Greece
) nosedived 19.24% last week to finish Friday at a record low.
No top-tier economic data due today, the start of what is quite a
quiet week for such releases. On the earnings front,
Pep Boys - Manny, Moe & Jack
(PBY) are all expected to reveal results.
(AMBI): Shares are assigned a Buy at Citigroup.
Credit Acceptance Corp.
(CAAC): Bank of America-Merrill Lynch begins Neutral-rated coverage
on the company.
(CST): Credit Suisse covers the company at a Neutral.
(CVRR): Goldman Sachs starts the stock at a Neutral.
(JMI): JMI is initiated with a Buy and $21 price objective at
Ladenburg Thalmann, which notes the company has enjoyed an
annualized total return in excess of its peers in recent years.
(STR): Shares are set a Neutral at UBS.
(SUNE): Morgan Stanley starts shares in the semiconductor firm at
Tallgrass Energy Partners
): The stock is picked up with a Neutral at Citi although Bank of
America-Merrill Lynch (Buy), Credit Suisse (Outperform), and Stifel
(Buy and $23 price target) are all more upbeat.
(VSI): Longbow launches Buy-rated research on the equity.
Stock Upgrades: AT&T Gets Good Reception
Stock Downgrades: Morgan Stanley May Have a Bad Case of