Way back in 1972, when the
Miami Dolphins we just got around to honoring
swept all before them, Clint Holmes had a novelty hit singing "
My name is Michael, I've got a nickel.
" In our age of deflation, a humble
) was more than enough for Michael Ullman, who saw his
long-suffering stock surge 5.98%. Shares rose as the CEO said "The
response to our back-to-school marketing messaging which we
launched late in the period has been promising." Well,
bully for you
Wayward Tony Hayward was also no stranger to
putting his foot in his mouth
while head of
). He is now temporarily in charge of
) - down 1.88% on iffy earnings - after enduring a
spell in Siberia
. Far from the madding crowd didn't work nearly as well as
), with that
advancing an impressive 8.19%.
Today in economics, analysts expect an improvement in July existing
home sales at 10:00 a.m. Eastern. At 2:00 p.m. the Federal Open
Market Committee releases minutes to its July 30-31 policy meeting.
On the earnings front,
American Eagle Outfitters
Madison Square Garden
(TOL) are all due to release results.
(CAT): Daiwa Securities downgrades the key
(^DJI) component to Neutral from Outperform.
Chesapeake Energy Corporation
(CHK): The company, which ex-CEO Aubrey McClendon once famously
the biggest frackers in the world
," is cut to Neutral from Positive at Susquehanna.
: More bad news for the sector, battered of late on Russian cartel
concerns. Today HSBC Securities inflicts Neutral-from-Overweight
ratings reductions on
(AGU), whose price objective goes to $95 from $117, and
(MOS) ($33 from $66). The 180 degree damage done to
(POT) (Underweight from Overweight and $22.50 from $48) is even
(GDFZY): The giant French electricity firm gets downgraded to
Neutral from Overweight at HSBC.
Greenhill & Co.
(GHL): JMP Securities moves the investment outfit to Market Perform
(HMY): UBS cuts the commodity company to Sell from Neutral, sending
it lower this morning.
(SNY): Shares get downgraded to Market Perform from Outperform at
(TUP): BMO Capital Markets takes TUP to Market Perform from
(VELT): After yesterday's 8.77% market-bucking increase, RBC
Capital Markets reduces its rating on the business software stock
to Underperform from Sector Perform. Shares are slumping some 30%
as I write.
New Stock Coverage: Trulia Inc Is on Easy Street
Stock Upgrades: Herbalife Ltd. Still Turning Bill
Ackman's Hair 50 Shades of Gray