Jawboning may be part of the FOMC's mandate, yet "
Don't Speak! Don't speak!
" - the wise words of Dianne Wiest - would have been better advice
for Ben Bernanke yesterday. Stocks slumped after oscillating wildly
on confusing comments from the Fed head. Ms. Wiest uttered the
immortal words in
Bullets Over Broadway
but the knives were also out for
), which tumbled 2.17% on a
. Elsewhere, phone stocks fell 1.2%, so little wonder that
Mr. Madoff was forced to call collect
Today in economics, analysts expect April new home sales to improve
on the prior month's pace at 10:00 a.m. Eastern. In earnings
Advance Auto Parts
(WSM) are all due to release results.
(OTCMKTS:AAUKY): Jefferies cuts the commodity company, which owns
85% of diamond giant De Beers, to Hold from Buy.
): Shares of the semiconductor stock, a key
(AAPL) supplier, are sliding 6.3% in today's weak London tape on
the back of a Neutral-from-Outperform downgrade by BNP Paribas.
(NILE): RBC Capital reduces the online jewelry retailer to Sector
Perform from Outperform on account of its current plump price.
(CMA): CMA is now Negative from Neutral at Susquehanna.
(DVN): JPMorgan moves the stock to Neutral from Overweight.
(^DJI) member is downgraded to Sell from Hold at BGC Partners.
(FLEX): Shares are downgraded to Hold from Buy at Deutsche Bank.
(OTCMKTS:KGFHY): The company is now Reduce from Neutral at Nomura.
(MBND): Shares are moved to Market Perform from Outperform at
Northland Capital, which trims its target price to $3.25 from
$3.50. Competing bids for the company are unlikely, the broker
(PB): BMO Capital moves the stock to Market Perform from
(O): Shares get slashed to Sell from Neutral at Goldman Sachs.
(SOL): Credit Suisse reduces SOL to Underperform from Neutral.
(SANM): Deutsche Bank takes the tech stock to Sell from Hold.
Stock Upgrades: Mystic Meg Predicts Profits at
New Stock Coverage: Can Johnson & Johnson Be Market's