Stock Downgrades: Get Rid of Ruckus After Noisy Quarter

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After last week's celebration of the Dow (^DJI) hitting 15,000, came the hangover. Although - considering alcoholic mint juleps were the order of the day for Saturday's Kentucky Derby, and Sunday was a similarly boozy Cinco de Mayo - yesterday's decline was decidedly minor.

Among blue chips, Intel ( INTC ) fell, even after scoring an analyst upgrade . (Maybe its legendary former CEO was right to say Only the Paranoid Survive , especially as Sigmund Freud's birthday fell on a manic Monday this year.) Berkshire Hathaway (BRK.A) rose 1.28% to a fresh peak, as Warren Buffett said women are the key to prosperity . (Except on his own board, apparently .)

Yahoo's ( YHOO ) Marissa Mayer can run rings round the big boys, and yesterday she showed up at a red carpet function sporting blue hair . A touching tribute to the dearly departed most famous blue haired broad of them all .

Today in economics, March consumer credit is released at 3:00 p.m. Eastern. On the earnings front, expect announcements out of Ariad Pharmaceuticals ( ARIA ), DirecTV (DTV), Fossil (FOSL), Electronic Arts (EA), HSBC Holdings (HBC), Molson Coors (TAP), OfficeMax (OMX), Société Générale ( SCGLY ), Walt Disney (DIS), Whole Foods (WFM), and Zillow (Z).

Aéropostale (ARO): The stock is tumbling 2.93% ahead of this morning's opening bell on a Sell-from-Hold cut by Brean Capital.

American Eagle Outfitters (AEO): Shares get downgraded to Market Perform from Outperform with Wells Fargo.

American International Group (AIG): Citing a steep valuation and limited upside potential, Goldman Sachs slashes the stock to Neutral from Buy.

Coach Inc. (COH): Wells cuts the company to Market Perform from Outperform.

Hologic (HOLX): An earnings miss sees shares taken to Buy from Strong Buy at ISI Group, whose price objective is lowered to $24 from $26.

Iconix Brand Group (ICON): The owner of labels including Joe Boxer and London Fog is lowered to Hold from Buy at Brean Capital.

Royal Bank of Scotland (RBS): JPMorgan moves its fellow financial firm to Neutral from Overweight.

Ruckus Wireless ( RKUS ): RKUS is reduced to Neutral from Buy at Lazard after it missed first quarter earnings and gave a downbeat outlook for Q2. Shares are sliding 17.58% this morning.

Statoil (STO): The Norwegian energy giant is now Neutral from Outperform at BNP Paribas.

Tiffany (TIF): Wells Fargo takes TIF to Market Perform from Outperform.

TJX Companies (TJX): The retailer is reduced to Market Perform from Outperform at Wells, sending it down more than 1% as I write. Shares, having enjoyed four straight years of gains in excess of 20%, are now due a breather, the bank believes.

(See also: New Stock Coverage: No Miracle on 34th Street for Macy's and Stock Upgrades: Gym Giant Nautilus All Set to Pump You Up . )




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: ARIA , INTC , RKUS , SCGLY , YHOO

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