It felt fitting that
) jumped 10.23% last week, for the market overall reduced many
investors to coupon-clipping penury. Shares slumped as a global
trail of tears extended from Tokyo to Istanbul, whose
customs officials have happily maintained an
enduring faith in unicorns
amid a crisis in the capital's central square.
Media stocks outperformed, among them Iowa's
), which advanced an impressive 8.66%. That'll teach Time Inc's
Manhattan media snobs not to drag their heels at a
move to the Hawkeye State
. (To be fair,
Time Warner Cable
) was an even bigger hit in the Big Apple, ending up 9.48% on the
'Angry Orchard' Apple cider
) surging 5.79%. Alas
) didn't fare anything like as well. It imploded another 3.31% and
- really rubbing it in - a
film about its founder was delayed to the box
office waste land of August
American Capital Agency Corp.
(AGNC): Barclays takes the stock to Equal Weight from Overweight.
ARM Holdings plc (ADR)
(ARMH): The key Apple supplier is now Reduce from Hold at Numis.
Associated British Foods plc
(ASBFY): Shares are nose-diving more than 3% in today's London
trading after Nomura lowered its rating to Reduce from Neutral.
(CVX): The oil giant, a key
(^DJI) component, gets downgraded to Hold from Buy at Jefferies.
Issues regarding its FCF (Free Cash Flow) growth are cited.
Health Management Associates Inc
(HMA): The stock is now Neutral from Buy with an amended price
objective of $17 at Mizuho, which says a sale of the company is
currently a remote prospect. A lack of visibility regarding
Medicaid expansion is an additional cause for concern.
(INFN): Jefferies lowers its rating to Hold from Buy.
MICROS Systems, Inc.
(MCRS): Compass Point cuts the company to Neutral from Buy with a
$45 target price amid competition and macroeconomic issues.
Red Hat Inc
(RHT): Shares are now Neutral from Positive at Susquehanna.
Time Warner Cable Inc
): A steep valuation after last week's stock surge sees Raymond
James reduce its rating to Perform from Outperform.
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Space Storage, Inc.