(^DJI) rose for its 20th straight Tuesday, and now stands behind
only the 24 successive winning Wednesdays from 45 years ago in the
all-time pantheon. (Incidentally 1968, a wretched year of
assassinations, riots, and Tet, was one of the worst in American
history, lest anyone think what is good for Wall Street is
automatically awesome for Main.)
The free lunch for investors continued with a
), which jumped 3.95% on impressive earnings. In
The Great Gatsby
, Carey Mulligan wears the bling king's
$200,000 Savoy headpiece
, named after one of the world's fanciest hotels. Somewhat ironic,
since the multi-millionaire actress can more frequently be found
slumming it in budget motels
Orient Express Hotels
), which owns the speakeasy-era 21 Club, would be much more to Jay
Gatsby's liking, as would yesterday's 4.23% surge in its stock.
Speaking of Asia, Japan's
(INDEXNIKKEI:NI225) fell a further 3.22%, and its
may yet boost business at Invisalign pioneer
). Yesterday, however, it failed to make money talk, falling 0.68%
No top-tier economic data due today, but
The Fresh Market
(TR) are all expected to release results.
(BRCD): Morgan Stanley moves the stock to Underweight from
Equal-Weight, sending it slumping 3.3% as I write.
Capital Lease Funding
(SLSE): Shares, no longer trading on fundamentals following an
$8.50 per share buyout bid, are moved to Hold from Buy at MLV &
(CMA): The firm is cut to Hold from Buy at Wunderlich, whose price
objective is $40.
Hennes & Mauritz
(OTCMKTS:HNNMY): The Swedish clothing company, popularly known as
H&M, is tumbling 2.22% overseas today after getting slashed to
Sell from Neutral at Goldman Sachs.
(HOMB): Noting that shares presently trade at a plump 15.5 times
its 2014 EPS (Earnings Per Share) estimate, Wunderlich reduces its
recommendation to Hold from Buy. The price target is $41.
Javelin Mortgage Investment
): Citigroup reduces the stock, which slumped 6.59% yesterday even
amid the overall ebullience in equities, to Neutral from Buy.
(PNFP): Shares get downgraded to Hold from Buy with a $26 target
price with Wunderlich primarily due to valuation concerns.
(PT): Berenberg cuts the company to Hold from Buy.
New Stock Coverage: SeaWorld Set to Make a
Stock Upgrades: Athenahealth Is in Fine Fettle