The birth of a future king in the land of tea drinkers dominated
last week, so it figured that a coffee company whose
logo crowns a queen
- and one whose
relationship with the Mother Country is awfully
- would steal the show.
) surged some 6.6%, topping the
(^GSPC) in finishing at an all-time high on Friday. Shares overall
were a lot less caffeinated, although the major indices did eke out
new nominal bests in sluggish summer trading.
A $575 million intimate apparel deal sent underwear outfit
) up 14.43%. It has now gained an astonishing 900% since the market
- no relation - in March 2009. Alas, with stocks scraping the sky,
the Empire State Building is
proving a tougher sell
than many imagined. The fabled edifice deserves far better, and
cover adds immeasurable insult to its injury
Today in economics, June pending home sales are out at 10:00 a.m.
Eastern. On the earnings front, expect announcements out of
Plum Creek Timber
(APD): Shares get downgraded to Hold from Buy at Jefferies.
(CRARY): The French financial firm is tumbling about 2% overseas
today after JPMorgan cut it to Neutral from Overweight.
(EXPE): Lazard lowers the online travel outfit to Neutral from Buy.
(FLIR): The stock is moved to Underweight from Equal Weight with JP
(ING): Shares are now Neutral from Buy at BTIG Research.
(LEA): LEA gets lowered to Neutral from Buy at UBS.
(MSFT): The company, a key
(^DJI) component, is now Neutral from Overweight at Atlantic
Equities. The Servers and Windows franchises remain serious
concerns. Shares are, accordingly, edging off before the bell.
Regional Banks: First Community
Washington Banking Co.
(WBCO) are each moved to Market Perform from Outperform at Keefe
RF Micro Devices
(RFMD): Shares are taken to Equal Weight from Overweight by
(RVBD): RVBD gets reduced to Market Perform from Outperform at
Northland Capital, as Granite sales are not seen providing a
near-term revenue growth catalyst.
(RYAAY): The budget British airline gets downgraded to Underperform
from Neutral by Bank of America-Merrill Lynch.
T. Rowe Price
(TROW): TROW is taken to Sector Perform from Outperform at RBC
(WTSL): Shares are reduced to Neutral from Buy at B. Riley.
(WFM): Shares are downgraded to Hold from Buy at Cantor Fitzgerald,
with valuation concerns weighing ahead of Wednesday afternoon's
(WNS): The stock is now Neutral from Buy at Robert W. Baird.
Stock Upgrades: Publicis Groupe Gets Plaudits as Wall
Street Goes Gaga for Madison Avenue
New Stock Coverage: 3D Systems Corporation Is a License
to Print Money