Five short months into 2013, the
planet's best performing stock market of 2012
can't afford to wipe its backside
. So investors may eventually give our own bull run the bum's rush.
For now, however, let's just marvel at how far - 146%, to be
precise - we have come from the
. (Not to be confused with
), an underwear stock that is now up 102.82% in the past year,
having finished at a fresh historic high on Friday.) A new
will be scant consolation for both Caracas and Cupertino,
) imploded 4.4% in a week when the
(^IXIC) added on another 1.82% to finish at its best level since
2000. 13 years ago SisqÃ³ - whose
briefs would make anyone blush
- topped the pop charts and
) briefly boasted the world's best market cap. 13 years on, the
former remains firmly a one-hit wonder but the latter, fresh from
(^DJI) best 14.9%, may have more staying power.
No top-tier economic data due today, but earnings announcements are
expected out of
Qihoo 360 Technology
(AQ): Shares gets downgraded to Market Perform from Outperform by
Bank of America
(BAC): The blue chip, a key
(^DJI) component, is cut to Market Perform from Outperform at Keefe
Bruyette, which would take profits after a recent breakout to new
Bank of Ireland
(IRE): Deutsche Bank downgrades its fellow financial to Sell from
Bed Bath & Beyond
(BBBY): Shares are taken to Hold from Buy at Jefferies.
(CPLA): Stifel reduces its recommendation to Hold from Buy.
(KMX): The auto outfit gets cut to Market Perform from Outperform
by William Blair.
(CAVM): CAVM is now Market Perform from Outperform at JMP
(PLCE): Susquehanna reduces the retailer to Neutral from Positive.
: Keefe moves money manager
(BLK) to Market Perform from Outperform and downgrades discount
(AMTD) to Underperform from Market Perform.
): The donut stock is lowered to Neutral from Buy at Longbow.
Shares, which have surged 33.84% over the past year and hit a fresh
peak last week, are due a breather. The stock is, accordingly, off
1.3% this morning.
(EFX): Shares get downgraded to Neutral from Buy at Goldman Sachs.
: Chili's owner
(RT) are each reduced to Market Perform from Outperform with Wells
Kansas City Southern
(KSU): The railroad is slashed to Sell from Hold at Stifel.
(LEAP): LEAP gets lowered to Sell from Hold by Deutsche Bank.
(LOW): A steep valuation, allied to store execution issues, sees
Oppenheimer reduce the home improvement retailer to Perform from
(MSTR): JMP Securities moves the tech stock to Market Perform from
(NTAP): NTAP is now Underperform from Neutral at Robert W. Baird,
which cites both competitive and structural issues.
(RHT): RHT gets reduced to Market Perform from Outperform with a
$54 price objective at BMO Capital Markets. Sharp recent stock
price gains, especially amid softness in many key metrics, are
unsustainable the broker believes.
(SNDK): The stock is clipped to Neutral from Buy at Nomura.
(SNV): Goldman Sachs slashes its fellow financial firm to Sell from
(THOR): THOR gets taken to Neutral from Buy at Goldman.
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