Stocks surged, with the
(^GSPC) ending up 1.74%, as jobless claims touched another near
five-year trough. (Although, ironically, the cast of
Nice Work If You Can Get It
about to be added to the nation's unemployment
(^IXIC) advanced 2.28% to top all three major averages after a 6.8%
(AAPL) convinced investors that that its
stock is now a steal having hit bottom, so to
The CBOE, founded on April 26, 1973, learned that life
, in fact,
begin at 40
. Octogenarian George Soros, who has a
new lease on life
, invested in
(JCP), which jumped 11.4% on the week. Aviation stock and key
(BA) gained 5.6% to hit a more than half decade high, even as many
frequent flyers were grounded by our
elected officials' infuriating inability to
Today in economics, March pending home sales are forecast to show a
pick up from February's pace at 10:00 a.m. Eastern. On the
corporate front, it's another frenzied week for first quarter
earnings with announcements expected out of
Buffalo Wild Wings
J&J Snack Foods
(AEM): HSBC reduces its recommendation to Underweight from Equal
Weight, with a new lower target price of $28.60.
in as many trading days for the brewer, today taken to Market
Perform from Outperform by Sanford Bernstein.
): Credit Suisse gives the German chemical giant a downgrade to
Neutral from Outperform.
(CERN): The recommendation is reduced to Market Perform from
Outperform at Raymond James.
African Barrick Gold
(GFI) are each now Neutral from Overweight at HSBC Securities,
which reduces its price objective on the latter to $7.90 from
Digital Realty Trust
(DLR): The office Real Estate Investment Trust gets downgraded to
Neutral from Buy at ISI Group.
(EMN): JPMorgan moves the chemical company to Neutral from
(ECL): Shares are reduced to Neutral from Outperform at Robert W.
Baird, whose new objective is $88 primarily. Among its concerns are
increasing operational risks and a lack of upcoming catalysts.
(FLY): The stock is now Neutral from Buy at Citigroup.
(ENL): Citi cuts the European company, which owns the LexisNexis
legal database, to Neutral from Buy. Shares, up strongly year to
date, are sharply lower in today's London trading as a result.
owner gets downgraded to Underweight from Equal Weight by Barclays,
sending it sliding in the pre-market.
(IBKC): Keefe Bruyette cuts the company to Market Perform from
(JBLU): Shares are now Neutral from Buy at Bank of America-Merrill
): LEAP is lowered to downgraded to Underweight from Neutral at
Master Limited Partnerships
: Robert W. Baird gives Neutral-from-Outperform ratings reductions
(BBEP) ($24 target),
NGL Energy Partners
Regency Energy Partners
Summit Midstream Partners
(NGLS) ($49), and
Vanguard Natural Resources
(VNR) ($31). Headwinds include valuation, upcoming equity issuance,
and seasonal weakness for the sector that tends to start in May
(RSG): Credit Suisse lowers the waste management firm to Neutral
(S): Shares get downgraded to Neutral from Buy at Guggenheim.
): The Italian financial firm gets slashed to Sell from Hold at
(UNP): TD Securities reduces the railroad to Hold from Buy.
New Stock Coverage: Madison Square Garden Coming Up
Stock Upgrades: Disney Turning 'Iron Man' Into Box Office