(^DJI) advanced for a fourth straight session as investors turned
their attention from Tahrir Square to Pershing Square.
Egypt's appointment of an economist as prime
revealed the true depth of its desperation, but it was Bill
Ackman's mooted interest in
) that sent the stock surging 4.37% and set the tone for another up
session in equities. On this,
Marcel Proust's birthday
) could be excused for remembering things past. Especially as the
fifth app anniversary
fell only hours after
one of its old computers was sold at auction
. Maybe nostalgia ain't what it used to be, however, for the
stock's 1.76% advance indicates its future may hold more promise
than many think. And on the day
Italy was downgraded
, insult was added to injury as
), whose da Vinci robots honor Leonardo's incomparable genius,
Today in economics, May wholesale inventories are expected to
increase from April's amount at 10:00 a.m. Eastern. In earnings
Family Dollar Stores
(YUM) are all due to report results.
Alon USA Energy, Inc.
(ALJ): Macquarie moves the stock to Underperform from Neutral.
Bemis Company, Inc.
(BMS): The container company gets cut to Neutral from Overweight at
Famous Dave's of America, Inc.
(DAVE): Brokerage boutique B. Riley reduces its recommendation on
the restaurant stock to Neutral from Buy with an amended price
objective of $14.65. Shares are now due a breather after a strong
recent run, in the analyst's assessment.
Fulton Financial Corp
(FULT): BB&T Capital lowers the stock to Hold from Buy.
(MDP): MDP is now Neutral from Buy at Citigroup amid valuation
issues after a strong recent run.
Norfolk Southern Corp.
(NSC): Shares are now Hold from Buy at Deutsche Bank.
Pan American Silver Corp. (USA)
(PAAS): CIBC World Markets slashes the mining stock to Underperform
from Sector Perform.
(PH): Robert W. Baird reduces its rating to Neutral from
Ritchie Bros. Auctioneers (USA)
(RBA): RBA is moved to Market Perform from Outperform at Raymond
TW Telecom Inc
(TWTC): Time Warner Telecom gets taken to Neutral from Buy at
True Religion Apparel, Inc.
(TRLG): Brean Capital cuts the clothing company to Hold from Buy.
Wells Fargo & Co
(WFC): The bank is downgraded to Hold from Buy at Sandler O'Neill.
Wolverine World Wide, Inc.
(WWW): The shoe stock is cut to Hold from Buy at KeyBanc.
New Stock Coverage: Mister Market Falls Head Over Heels
for Yahoo Inc.'s Marissa Mayer
Stock Upgrades: Bubble Wrap Maker Sealed Air Corp Poised
for Nice Pop