(^DJI) fell below 15,000, dropping by triple digits in its worst
day in six weeks, which was no way to honor the
Father of Economics on his birthday
. (Oddly, on the English side of Hadrian's Wall,
John Maynard Keynes
also entered the world on June 5.) Adding insult to injury for Adam
Smith, who like any thrifty Scot absolutely abhorred losing money,
the game his ancestors invented suffered a grievous blow as
) tumbled 2.54% on an
got the green light to enter the eurozone
, though one wonders why on Earth it would want to. Continental
integration has thus far brought nothing but an
influx of boozy Brit bachelor parties
to its capital, where drunken tourists relieve themselves on Riga's
Freedom Monument. Adding insult to injury for the Baltic country,
(OTCMKTS:RYAAY) hit the highest level in its history yesterday. The
budget carrier has encouraged cross-border travel even as its
fee to pee proposals
resulted in hordes of inebriated Englishmen waiting until arrival
to evacuate their bladders.
Today's quarterly earnings announcements include
(COST): COST is covered with a Buy at Sterne Agee. Shares in the
warehouse-club chain, which reported its May same-store-sales this
morning, are currently trading higher.
(ESC): Goldman Sachs has a new Neutral on the operator of long-term
(ENB): The energy outfit is assigned an Outperform at Macquarie.
(XONE): XONE gets picked up with a Buy recommendation, and $55
price objective, at Canaccord Genuity.
Freeport-McMoRan Copper & Gold
(FCX): The commodity company is a fresh Buy at Jefferies
(GMCR): Shares are set an Outperform and $95 price objective at
Imperial Capital, which expresses optimism over its
industry-leading key Keurig product.
(HAE): JMP Securities has an Outperform on HAE.
(MDCO): Shares are established with an Overweight at Piper Jaffray.
(MHK): Barclays begins coverage at Overweight.
: Sterne Agee begins Buys on
(JWN). It has new Neutrals on
(SBNY): Morgan Stanley starts the stock at Overweight.
(VSI): Sterne starts the stock at a Buy.
Whole Foods Market
): The gourmet grocer is presently trading higher after getting
assigned a bullish Buy rating at Sterne Agee.
Stock Upgrades: Stick to Henkel Like Glue
Stock Downgrades: Throwing the Book at Barnes &