After several days decked out in the same scruffy dungarees, Mr.
Market took a trip to
) - which surged 5.68% on strong tuxedo rentals - and decided to
don its top hat and tails again. (Although
), which went cap-in-hand after slumping 1.19% on what was the
second strongest day of the year in equities, clearly still needs
to work on its wardrobe.) Shares snapped their first three-day
slump of year in spectacular fashion.
A media mogul, not content with merely
splitting his company
this week, decided to also
split with his wife
. Thankfully the sector chose not to follow suit in filing
) 34.01% and
) 28.33% jumped a respective 34.01% and 28.33% after finding love
in each other's arms.
Elsewhere, investors wisely opted to wear, rather than smell,
), which sells his clothes, surged 10.17% even as perfume maker
(COTY), which sells his fragrance, eased off 0.80% in an
inauspicious market debut.
And on the day its
annual race was rained off
(JPM) still had investors running to
upgrade of the sneaker stock
sent it 2.33% higher.
Today in economics, June's Thomson Reuters/University of Michigan
consumer sentiment index will be released at9:55 a.m. EDT . (Or
9:54:58, if you are among the
few to get it two seconds early
.) On the corporate front,
(SFD) report results.
American Express Company
(AXP): Barclays downgrades the charge card king, a key
(^DJI) component, to Equal Weight from Overweight.
AngloGold Ashanti Limited (ADR)
(AU): UBS cuts the commodity company to Sell from Neutral.
E I Du Pont De Nemours And Co
(DD): The blue chip is lowered to Neutral from Buy at Bank of
America-Merrill Lynch after the chemicals company issued
disappointing 2013 net income guidance.
Fidelity National Information Services
(FIS):The stock is reduced to Neutral from Outperform at Robert W.
Baird primarily due to valuation concerns.
Progress Software Corporation
(PRGS): Shares are now Hold from Buy at Needham, which notes
constrained current revenue growth prospects.
Rubicon Technology, Inc.
(RBCN): Shares get slashed to Sell from Neutral at Goldman Sachs.
SunTrust Banks, Inc.
(STI): UBS reduces the regional bank to Neutral from Buy.
The Southern Company
(SO): The electric utility is taken to Hold from Buy at Jefferies.
Wells Fargo & Co
(WFC): Sterne Agee cuts its fellow financial firm to Neutral from
Buy amid concerns over its moderating earnings growth.
Stock Upgrades: Groupon Inc Is Today's Deal of the
New Stock Coverage: Anheuser-Busch InBev NV Gets
the Party Started