the week we honor sharks
- those cuddly creatures who disproportionately work on Wall Street
- equities ended mainly underwater,
thanks to a Fisher man
) plunged 3.22%, a fifth straight fall taking the stock to its
lowest level since 2001. (That summer we unconscionably allowed
ourselves to be
distracted by phony fin fears
when true terror lay just weeks away.) Jaws and Co have of course
been around since before the dinosaurs, and time finally ran out on
) yesterday, as that stock sank 6.04% to post the
(^GSPC) poorest performance. Apparently no one buys watches
) could clearly use a brush up on the art of timekeeping after
announcing its earnings umpteen hours early
Today's earnings announcements, should they in fact occur at the
appointed hour, are expected to include
Archer Daniels Midland
21st Century Fox
American Eagle Outfitters
(AEO): The clothing company, slumping some 16% before the bell, is
downgraded to Hold from Buy at Brean Capital.
(BRE): Morgan Stanley moves the stock to Equal-Weight from
(CATM): Compass Point cuts CATM to Neutral from Buy with a fresh
price objective of $36. Valuation concerns are cited, with the
shares currently trading at a steep 15.5 times the broker's 2015
(CHS): Shares are now Neutral from Buy at Janney, which says
persistent softness in consumer spending augurs ill in coming
(DE): William Blair takes the tractor titan to Underperform from
Market Perform, troubled by softening farm industry fundamentals.
(DSW): The Designer Shoe Warehouse is cut to Hold from Buy at
(FFIN): Sterne Agee slashes the regional bank stock to Underperform
(GSK): The giant pharmaceutical firm gets downgraded to Neutral
from Buy at Citigroup due to valuation. Shares are lower in London
this morning as a result.
(HCOM): DA Davidson takes the equity to Neutral from Buy.
(HBC): Europe's biggest bank is falling more than 4% in today's
London trading amid iffy earnings and a Hold-from-Buy downgrade at
Deutsche Bank. "We can't identify a near-term catalyst", its
analysts wrote in a note.
International Business Machines Corp.
(IBM): The key
(^DJI) component, popularly known as "Big Blue," is now
Underperform from Neutral at Credit Suisse. The bank's concerns
include upcoming organic growth and softer free cash flow, and
shares are subsequently slipping in this morning's pre-market
(KOS): Citigroup cuts KOS to Neutral from Buy.
(MDR): The oil services firm gets moved to Hold from Buy at
Strategic Hotels & Resorts
(BEE): The accommodation outfit is now Neutral from Buy at
(TITN): TITN is taken to Underperform from Market Perform by
(UN): JPMorgan moves the consumer products powerhouse to Neutral
from Overweight amid earnings issues.
(WWWW): Shares are reduced to Neutral from Buy at Roth Capital.
WPP Group plc
(WPPGY): The British advertising giant gets downgraded to Add from
Buy at Numis.
Stock Upgrades: InterContinental Hotels Group PLC Gets
the Honeymoon Suite
New Stock Coverage: Apollo Global Management LLC Going to