You know it's a dull day on Wall Street when, amid a dearth of
economic data, a packaging stock is easily the NYSE's top
performer. Not to take anything away from
) 17.90% surge, but with the
paper envelope now officially on its last legs
, that check may be in the mail for a while.
), which makes a mean mac and cheese, surged 6.41%.
), which used to make a mean iMac, fell after new product
announcements failed to excite. Moving from "
" to a
) plundered a Pirate for $195 million.
Elsewhere a star of
Sex and the City
teamed with the
fancy footwear Manolo Blahnik
. All the better to deliver a good stiff kick up
), whom investors are about to give the bum's rush in a big way.
Today in economics, April wholesale inventories are out at 10:00
a.m. Eastern. On the earnings front,
Ulta Salon, Cosmetics & Fragrance
(ULTA) are each expected to report results.
Cemex SAB de CV (ADR)
(CX): Scotia Capital moves the Mexican cement giant to Perform from
Everest Re Group Ltd
(RE): RE gets downgraded to Neutral from Buy at Goldman Sachs.
Kinross Gold Corporation (USA)
(KGC): Canaccord cuts the commodity company to Hold from Buy.
Lexicon Pharmaceuticals, Inc.
(LXRX): Morgan Stanley moves the stock to Underweight from
Lululemon Athletica inc.
): Shares, imploding 13.71% as I write, are lowered to Neutral from
Buy at UBS after CEO Christine Day unexpectedly announced she is
leaving the company.
Maxim Integrated Products Inc.
(MXIM): The tech stock, which tumbled 2.49% yesterday, is today
taken to Neutral from Positive at Susquehanna.
(MCO): A second downgrade in as many days for the firm, today taken
to Hold from Buy with a revised $71 price objective at The
Benchmark Company. Ratings revenue growth could fall to the
low-single digits in the third quarter of 2013, the broker
Roadrunner Transportation Systems Inc
(RRTS): Stifel slashes its rating to Hold from Buy amid issues over
the stock's steep valuation.
(XNPT): The stock is taken to Underweight from Equal-Weight at
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