On a day that should have been all about
), which surged 13.50% to top the
S&P 500 Index
(^GSPC), unspeakable horror at a marathon altered everything and
put mere money in perspective.
For what it's worth, bullion nosedived 9.4% and endured its worst
one-day dollar drop since January 1980. That was the month The
Pretenders had the decade's first number one single with "
Brass in Pocket
," but yesterday neither that metal, nor any other commodity,
fattened investors wallets.
Freeport-McMoRan Copper & Gold
slashed to "Sell" in the nick of time
, imploded 8.30% in an all-too typical performance. Shipping stocks
sank on an
awful anniversary in nautical history
Odyssey Marine Exploration
(OMEX) tumbled 12.11% and cursed
(CCL) lost another 2.81%. On top of its recent Triumph fiasco, the
cruise company is now being vigorously pursued by lawyers in Italy
for the Costa Concordia tragedy. Those Cuban refugees,
just rescued by one of its ships
, way want to turn back if capitalism is always as rocky as this.
Today sees quarterly earnings season start in earnest, with
Johnson & Johnson
(YHOO) among a multitude of companies releasing results.
Armour Residential REIT
(ARR): The Real Estate Investment Trust is resumed with a Market
Perform at Keefe Bruyette.
(BSX): Morgan Stanley starts the stock at Overweight.
Five Oaks Investment
(OAKS): OAKS is initiated with an Equal Weight by Barclays.
(GIL): GIL gets picked up with a Hold at Desjardins.
(HK): Raymond James covers the company at Outperform.
(HZO): SunTrust Robinson Humphrey has a Buy on HZO.
(MRIN): The stock gets assigned a Buy at Goldman Sachs.
(MSFT): Better news this morning for the
(^DJI) member, downgraded twice in recent weeks. Today it is begun
with a bullish Overweight at Morgan Stanley. Shares are, according,
up more than 1% as I write.
: UBS begins Buys on both
), a key Dow component that hit the highest level in its history
yesterday even on an awful day in equities overall, and
). It has a new Neutral on
), which is falling before the bell having issued an earnings
warning earlier this morning.
(RCKB): Sterne Agee resumes the Savings & Loan outfit at a
(SRCL): Jefferies starts Buy rated research on SRCL.
Tile Shop Holdings
(TTS): Shares are set a Hold recommendation at Stifel.
Stock Upgrades: Hollywood Ending for DreamWorks
Stock Downgrades: Strayer Education Sent to Back of