Twenty-four hours after markets sent out a Mayday distress call,
a rising tide once again lifted all yachts on Wall Street. Shares
reached fresh peaks amid impressive earnings, among them
). The lipstick leader advanced 2.63% to an all-time best, but you
would never know it based on the quartet of cosmetics companies
being cut by equity analysts this morning. (Actually, on second
thought one can see why they may be
hesitant to pucker up to the sector
Moving swiftly on from cadmium, chromium, and aluminum to iron ore,
Cliffs Natural Resources
) - America's largest producer of the product - fell 5.71% in again
(^GSPC) poorest performance. Thus does Robert Downey Jr.
arrive in just the nick of time
this morning to rescue the metal's reputation. And it was a bad day
by the bonnie banks of
(JRCC), which nosedived 9.86%. And that wasn't even the
most distressing news item to emerge from the body
of water this week
Today in economics, analysts expect April's Institute for Supply
Management non-manufacturing report to fall from the prior month's
pace at 10:00 a.m. Eastern.
On the corporate front, the final full week of reporting season
Madison Square Garden
Royal Bank of Scotland
(YRCW) all due to release results.
(AU): Shares are lower after getting slashed to Sell from Neutral
at Goldman Sachs.
Annaly Capital Management
(NLY): NLY is now Equal Weight from Overweight at Evercore.
Bed Bath & Beyond
(BBBY): The stock is downgraded to Perform from Outperform at
(BONT): KeyBanc cuts the company to Hold from Buy.
(^DJI) member gets downgraded to Hold from Buy at BGC Partners.
(RDEN): The cosmetics company is moved to Market Perform from
Outperform by BMO Capital Markets.
(HR): Shares are downgraded to Market Perform from Outperform at
(LSTR): Goldman lowers LSTR to Sell from Neutral.
): Goldman Sachs pulls the French cosmetics firm from its pan
European Conviction Buy list.
(LULU): The maker of yoga apparel gets lowered to Neutral from
Outperform with Wedbush.
(MELI): The Argentine auction site, often called "Latin America's
(YHOO)", is lowered to Neutral from Buy at Bank of America-Merrill
Nu Skin Enterprises
(NUS): NUS is now Hold from Buy at Stifel.
Oil States International
(OIS): Shares get downgraded to Neutral from Strong Buy at ISI
): The stock is cut to Perform from Outperform at Oppenheimer.
Royal Bank of Scotland
(RBS): Shares, sliding this morning, are downgraded to Sell from
Hold at Investec. The broker is not impressed with today's earnings
(RPXC): The business services outfit is now Neutral from Buy at
(SBH): Shares are slashed to Equal Weight from Overweight by
(SYY): The stock is cut to Sell from Hold at Cantor Fitzgerald due
to valuation issues.
(TS): BNP Paribas takes the steel stock to Neutral from Outperform.
(VLO): Shares are now Neutral from Outperform at Credit Suisse.
(VRSK): The stock is moved to Market Perform from Outperform at
New Stock Coverage: Put Fresh Money to Work in
Stock Upgrades: Make a Mint (Julep) in Jim Beam
Ahead of Kentucky Derby