A just-right May jobs report the pundits universally
characterized as "Goldilocks" sent bulls surging on Wall Street,
notwithstanding that the fairytale will always be inextricably
linked with three bears. Investors cheered an employment rate of
7.6%, although it is the
missing 7.6 million
that may ultimately matter more. Bullish nonfarm payroll data only
added insult to injury at
), which slumped 16% after announcing substantial layoffs.
) tumbled a
(^IXIC)-worst 19.04% on Friday, its
wardrobe malfunction glory days
now but a distant memory. There were no such problems at clothing
), with casual Friday clearly suiting it just fine as shares ended
the week at a 13-year high. Alas
) tumbled another 2% after unwillingly trying on a patent lawsuit
No top-tier economic data due today, the start of what is quite a
quiet week for such releases. On the earnings front,
Pep Boys - Manny, Moe & Jack
(PBY) are all expected to reveal results.
Bank of Ireland
(IRE): Goldman Sachs gives the stock a downgrade to Sell from
Neutral, sending it tumbling 2.1% today.
(ZNH): The stock is cut to Neutral from Buy at UBS.
(CHRW): The transportation stock is moved to Underweight from
Equal-Weight at Morgan Stanley.
(CVI): Shares get slashed to Sell from Neutral at Goldman.
(DXCM): DXCM is downgraded to Hold from Buy with a $20 target price
at Wunderlich, which says the current valuation appears excessive.
(LEN): LEN is lowered to Neutral from Overweight at JPMorgan.
Maxim Integrated Products
(MXIM): The tech name, which fell 1.25% in a strong market on
Friday, is now Neutral from Overweight at JPMorgan.
(MU): Wells Fargo moves MU to Market Perform from Outperform.
(MCO): Shares are lowered to Neutral from Buy at Lazard.
): The financial firm is reduced to Perform from Outperform at
Oppenheimer, which notes that a recent surge has taken the stock to
tangible book value. Additionally, Oppenheimer's 2014 earnings per
share projection is already about 10% above consensus estimates.
(OXY): The energy outfit is now Neutral from Buy at UBS.
(TI): TI gets downgraded to Underweight from Neutral at JPMorgan.
(TWI): Jefferies takes TWI to Hold from Buy.
Zurich Insurance Group
(OTCMKTS:ZURVY): JP Morgan moves the stock to Underweight from
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