Making money is now officially as easy as 123. The
(^DJI) set its 19th record of 2013 after advancing 123.27. Big
soda-loathing Mayor Bloomberg, whose
company has had better weeks
, saw insult added to injury as
) surged 4.81%.
(^IXIC) hit its 12th straight 12.5-year high, constituent component
) - downgraded this morning - slumped 3.97% after its CEO told a
conference in Orlando that "We are on solid ground." An odd thing
to say at the home of
), especially considering the company's most recent product was
launched at New York's waterfront Pier 36.
Vestas Wind Systems
(OTCMKTS:VWDRY) take its two-day surge to 16.93%. Legendary
financial writer Alan Abelson, who wisely eschewed Wall Street's
cheerleading cohort by saying "
Basically, our function is to piss in the wind
," would not be happy at such unrestrained exuberance.
On the earnings front,
Jack in the Box
(SKX) are all due to report results today.
): The British gas firm gets downgraded to Hold from Buy at
Canaccord Genuity, which would take profits after recent strength
in the stock.
): Shares, currently tumbling 2.95% in today's pre-market trading,
are moved to Market Perform from Outperform by Sanford Bernstein.
The stock is due a breather after its recent run, the broker
(BC): The bowling and boating behemoth is reduced to Market Perform
from Strong Buy at Raymond James.
(CLX): Credit Suisse cuts the company to Neutral from Outperform,
as further upside from current lofty levels appears unlikely.
: Barclays gives Underweight-from-Equal Weight downgrades to both
(ETFC). It takes
(AMTD) to Equal Weight from Overweight.
): Miller Tabak moves the fast-food firm to Hold from Buy amid
valuation issues after an 81.20% share price surge over the past
year. Yesterday the stock reached its $59 price target, and the
broker believes domestic same store sales comparisons will start to
become steadily more challenging.
(GDI): The diversified machinery name gets moved to Underperform
from Neutral at Credit Suisse.
(GLNG): Goldman Sachs slashes the liquefied natural gas name to
Sell from Neutral.
(ESI): Shares get downgraded to Equal-Weight from Overweight at
(JNS): Shares get downgraded to Underweight from Overweight at
(MOLX): Longbow takes the tech name to Neutral from Buy at Longbow.
(NYX): Barclays takes the exchange operator to Equal Weight from
(RENN): Oppenheimer reduces the small cap company to Perform from
Outperform as rising investments in mobile will adversely impact
the stock, in its view.
(SFD): Shares are lowered to Hold from Buy by BB&T Capital.
(WYN): Janney cuts the company to Neutral from Buy.
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