The squid and the whale kept equities above water, with "Great
) raising its
(^GSPC) target and the "London Whale" debacle proving insufficient
) Jamie Dimon from his job. (At the latter's contentious annual
director Ellen Futter received a scant 53.1%
, comfortably the lowest of all 11 directors. Since Ellen also
moonlights as president of the American Museum of Natural History,
really should have seen whales
-London or otherwise-coming.)
to the murky depths was cruise company
), which fell 4.28% in its worst day of the year. The beleaguered
ocean liner outfit frequently waives the rules but London's FTSE
1000 index hit its highest level since last century, back when
Britannia ruled the waves.
This morning in economics, analysts expect an uptick in April
existing home sales at 10:00 a.m. Eastern. Fed head Ben Bernanke
testifies before Capitol Hill today, and the Federal Open Market
Committee releases minutes to its May 1 meeting at 2:00 p.m. EDT.
In earnings action,
American Eagle Outfitters
(TOL) are all due to report results.
(APH): A plump price:earnings multiple sees the tech stock taken to
Hold from Buy at Stifel.
(BBRY): Shares are downgraded to Underperform from Neutral at BNP
): Citing an excessive valuation, Credit Suisse cuts the casino
company to Neutral from Outperform.
): A second downgrade in
as many days
for the troubled cruise company, today taken to Neutral from
Overweight at HSBC Securities. The bank is troubled by poor
earnings guidance, among other issues. Shares are slipping further
in London as a result this morning.
(CMA): Oppenheimer reduces its investment opinion to Underperform
(OTCMKTS:CRZBD): Shares are now Neutral from Buy at Nomura.
Dick's Sporting Goods
(DKS): Shares are moved to Market Perform from Outperform by BMO
(EQT): SociÃ©tÃ© GÃ©nÃ©rale slashes the stock to Hold from Buy.
(IGTE): IGTE gets downgraded to Perform from Outperform at
Oppenheimer, which says the firm's departing CEO will be difficult
(INXN): The Internet information outfit gets taken to Neutral from
Buy at Goldman Sachs.
(JOY): The maker of earth moving equipment is moved to Equal Weight
from Overweight by Barclays.
Martin Marietta Materials
(MLM): Longbow moves MLM to Neutral from Buy.
(NCT): Keefe Bruyette lowers its rating to Market Perform from
(ROSE): ROSE gets reduced to Neutral from Outperform at Cowen,
whose price objective is $50. The current stock price already
adequately reflects the company's Permain-related vertical drilling
potential, in its view.
(RYL): The homebuilder is taken to Hold from Buy at KeyBanc.
(SODA): Shares are now Neutral from Overweight at JPMorgan, sending
it lower as I write.
(WCRX): The stock, no longer trading on fundamentals following a
buyout bid, is lowered to Market Perform from Outperform at Leerink
Dice Holdings Is on a Roll
New Stock Coverage: Pepsi Poised to Pop
Disclosure: Minyanville Studios, a division of Minyanville
Media, has a business relationship with BlackBerry.