After Black Friday, Red Monday. (And on the anniversary of
Castro coming out as a Commie, of course
.) US markets continued to ease off from recent records, with the
S&P 500 Index
(INDEXSP:.INX) each ending down in desultory trading action. This
after Cyber Monday (total sales:
; total lost productivity
) failed to provide the expected bang for the buck.) Among stocks
on the move,
) tumbled 1.90% amid several
lukewarm analyst initiations
that even included a "Sell" at
Bank of America-Merrill Lynch
) accorded the social networking name a more upbeat "Neutral,"
which really was big of it considering its
recent shellacking on the site
.) Morgan, which initially brushed off the London Whale as a
"tempest in a teapot,"
Peace Tea maker
), enabling that stock to end up 0.56% amid much red ink elsewhere.
Also advancing on a ratings increase was pride of Vancouver
). It gained 2.41%; all this and
Fifty Shades of Grey, too
? Some cities have all the luck. And
fast food workers are all set to strike
, demanding an increase on the hourly federal minimum wage of
$7.25. For perspective,
84 years ago today
- and only 35 days after the financial calamity of the century -
) raised the pay of its employees to $7.00 per day.
There isn't any top-tier economic data to move US markets today,
although a deluge awaits later in the week. Regarding specific
Bank of Montreal
Bob Evans Farms
United Natural Foods
(UNFI) are all due to release results.
(AMRI): Shares are now Neutral from Buy at Sterne Agee. Its amended
price objective is $12.
(CAJ): JPMorgan cuts the Japanese electronics giant to Underweight
(CUBE): The stock gets taken to Neutral from Buy at SunTrust.
(HSBC): The financial stock, whose symbol recently changed from
HBC, is now Neutral from Buy at Nomura, sending it lower in today's
(IMAX): Goldman Sachs inflicts a Neutral-from-Buy downgrade on IMAX
Corporation. Stock in cinema powerhouse IMAX Corporation has
advanced 38.38% in the past 12 months.
(MYGN): Myriad gets moved to Perform from Outperform at JMP
(PFE): Pfizer is pulled from Goldman Sachs' list of Conviction
Buys. Drugmaker Pfizer is a key Dow component.
(OTCMKTS:SONVY): Shares in the Swiss hearing-aid maker are moving
lower in Europe this morning, after being slashed to Equal Weight
from Overweight at Morgan Stanley. Heightened competition is a
(OTCMKTS:TYEKF): More bad news for the German steel giant, which
slid 9.96% yesterday. It is now Neutral from Overweight at HSBC
(DIS): Walt Disney's
just debuted to boffo box office business
but its stock may cool off today. This after getting downgraded to
Neutral from Buy at B. Riley & Co. Walt Disney is a
longstanding member of the Dow.
(XEL): Shares are now Neutral from Buy at Goldman Sachs.
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