) market" just keeps on going, and going, and going, with the
(^DJI) gaining 3.96% in July for its seventh monthly increase in
eight. (Alas, Energizer itself tumbled 2.99% yesterday, so perhaps
that wasn't the best analogy. The company, whose razors include
Schick and Wilkinson Sword, is clearly suffering from previously
Wall Street's sudden proliferation of beards
If Russia's decision to end a fertilizer cartel
drove investors in the sector to vodka
, at least Smirnoff owner
) gained 3.2%. Its Guinness is "
" and investors also bellied up to
) Genius Bar in July, as that stock advanced 14% on the month.
Investors were also inebriated on
), which surged 10.66%. Just don't expect to alleviate any
resultant hangover with an Aspirin, as
) has just been downgraded.
Today in economic data, consensus calls for an uptick in July's
Institute for Supply Management manufacturing index at 10:00 a.m.
Eastern. On the earnings front, results are released out of
American International Group
Lloyds Banking Group
New York Times
Procter & Gamble
(AXTI): Shares are now Neutral from Buy at B. Riley.
): SociÃ©tÃ© GÃ©nÃ©rale slashes the Aspirin maker's stock to Sell
from Hold after yesterday's earnings announcement.
(BJRI): Roth Capital resets its rating to Neutral from Buy.
Health Management Associates
(HMA): SunTrust takes the company, no longer trading on
fundamentals following its $13.78 per share acquisition by
(CYH), to Neutral from Buy.
(HUM): Citigroup moves the managed care company to Neutral from
JC Penney Company, Inc
(JCP): The firm, fresh from yesterday's 10.21% tumble, is slashed
to Sell from Neutral at Citigroup. Shares are, however, rebounding
impressively in today's pre-market trading after the retailer this
morning refuted reports regarding
(CIT) cutting off credit to some vendors. "We do not believe that
JCP has made progress in stabilizing the business in 2Q13," Citi's
analyst wrote in a note.
(PZZA): KeyBanc cuts the pizza play to Hold from Buy.
Raymond James Financial
(RJF): Shares get downgraded to Neutral from Positive at
New Stock Coverage: The Gap Inc. Is Dressed for
Stock Upgrades: It's Still Not Too Latte to Invest in