Stocks surged as the pronouncements of a gray-bearded guy were
extremely warmly received. But enough about
Clooney, whose attack on Dan Loeb
found many fans. No, it was Ben Bernanke who once again boosted
bourses with his market-friendly Fed policies. Moving from one
George to another, one hopes Mr. Zimmer still owns some
) after it unceremoniously ousted him, for shares just jumped
13.5%. And reports of a George Soros stake sent
) up 9.6%. Elsewhere
) gained 11.9%, finishing Friday at $38.05 in its first close above
the IPO price. If they will
allow the expression
, pretty soon the social networking name will be
A Pirate Looking at $40
, to paraphrase Jimmy Buffett. His cousin Warren isn't faring too
badly, either, with
(BRK-B) advancing impressively this morning on earnings.
Today in economics, analysts expect an uptick in July's Institute
for Supply Management non-manufacturing index at 10:00 a.m.
Eastern. On the earnings front,
(VNO) are all due to release results.
(AGU): Shares are slashed to Hold from Buy at Stifel amid its
revised projections for potash and nitrogen prices following last
week's fertilizer industry mauling.
(AKZOY): The paint and coating company is slumping in today's
European trading after being taken to Sell from Hold by Berenberg.
(ALL): Deutsche Bank downgrades the insurance firm to Hold from
Alpha Natural Resources
(ANR): BB&T Capital cuts the coal company to Hold from Buy.
(AMP): Shares, which finished Friday at the highest level in their
history, are now Neutral from Buy at Citigroup.
Brinker International, Inc.
(EAT): Raymond James reduces the fast food firm, owner of Chili's,
to Market Perform from Outperform.
(CBOE): The exchange operator is now Neutral from Buy at Goldman
(CB): Deutsche Bank takes the insurance outfit to Hold from Buy.
(FOSL): The stock gets downgraded to Underweight from Equal Weight
by Barclays, sending it tumbling about 2% as I write.
(HSH) Wells Fargo lowers its rating to Underperform from Market
(JEC): Shares are cut to Neutral from Buy at Robert W. Baird.
(KGC): Citigroup reduces its rating to Neutral from Buy.
(KRFT): The food company is cut to Hold from Buy at Jefferies.
Heightened competition is among the broker's concerns.
(QCOM) Shares are now Neutral from Overweight at Piper Jaffray on
account of slipping demand for smartphones.
Royal Bank of Scotland
(RBS): SociÃ©tÃ© GÃ©nÃ©rale slashes its fellow financial firm to
Sell from Hold.
(RWEOY): The German utility giant gets reduced to Underperform from
Sector Perform at RBC Capital.
(SLXP): The company is cut to Hold from Buy with an amended $81
price objective at Cantor Fitzgerald due to valuation issues.
(SLRC): JMP Securities moves the stock to Market Perform from
(SPRD): Shares are now Hold from Buy at Jefferies.
Strategic Hotels & Resorts
(BEE): The accommodation outfit is moved to Market Perform from
Outperform with Wells Fargo.
(SFY): The stock is now Neutral from Outperform at Credit Suisse.
(TEVA): TEVA gets taken to Underweight from Equal-Weight at Morgan
Universal American Corp
(UAM): Wedbush lowers its investment opinion to Neutral from
(VIAB): Its concerns including ratings weakness and rising
affiliate fees, Needham moves the MTV owner to Hold from Buy.
New Stock Coverage: Canadian Solar Inc. Is a Light in the
Stock Upgrades: Steven Madden, Ltd. Gets Out of