Detroit's fabled 8 Mile entered Chapter 9, yet stocks still
scored a perfect 10. Shares hit fresh historic highs, helped by a
4.37% advance to a multi-year high in
). Its 54-year old James Gorman has clearly aged far better than
Barbie, another product of 1959. Fresh from sliding an
(^GSPC)-worst 6% plus on Wednesday,
) wakes up to a ratings reduction this morning. Elsewhere, an
) imploded 6.73% to post the
(INDEXNASDAQ:NDX) poorest performance. (Its stock has still not
low as some of the company's customers
, however.) The
hoodie at the head of
) endured a 1.76% fall, and over at
Amy Hood has had better days
as her stock slides 7.53% before the bell.
No top-tier economic data due today, but the first full week of Q2
reporting season concludes with earnings expected out of
Advanced Micro Devices
(AMD): Morgan Stanley moves the stock, falling more than 4% as I
write, to Underweight from Equal Weight.
(ATHN): Shares are lowered to Neutral from Buy at Lazard.
(FCS): FBR Capital cuts the company to Perform from Outperform,
trimming its target price by $2 to $14 amid plunging orders for
(HBC): The financial firm is lower in today's London trading after
Investec reduced its rating to Hold from Buy.
(ISRG): The slumping owner of da Vinci robots is reduced to
Underperform from Perform at JMP Securities.
): The beleaguered Barbie maker gets moved to Market Perform from
Outperform by BMO Capital Markets.
): The key
(^DJI) component, slumping some 7.53% as we speak, is cut to
Perform from Outperform at Raymond James. Last night's earnings
announcement revealed a $900 million write-down on its Surface
(MOS): The fertilizer firm is now Neutral from Buy at Susquehanna.
(OMC): RBC Capital cuts the advertising giant to Sector Perform
(PNRA): Raymond James reduces its rating to Underperform from
(REMYF): JP Morgan cuts the French cognac king to Underweight from
Royal Bank of Scotland
(RBS): Shares are slashed to Hold from Buy at Investec.
(SAP): The German enterprise software giant gets downgraded to
Neutral from Overweight at JPMorgan.
(SHFL): Shares, no longer trading on fundamentals after being
bought, are now Hold from Buy at Brean Capital.
of the week for the stock, now Neutral from Buy at Roth Capital.
(SYK): The medical device maker is moved to Hold from Buy with
Wunderlich, whose price objective is $71. Earnings per share fell
short of consensus estimates.
(TSM): HSBC Securities takes the tech stock to Neutral from
(TKPPY): Shares get downgraded to Hold from Buy at Deutsche Bank.
Stock Upgrades: Don't Expect Netflix, Inc.'s House of
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New Stock Coverage: Fast Money Flees Sprint Nextel