A week that started with
, ended in
, and witnessed the return of
will ultimately be best known for the surprise Ben Bernanke opted
to spring on the stock market.
(INDEXSP:.INX) shares hit a historic high after the Federal Reserve
unexpectedly opted to continue its policy of quantitative easing.
(INDEXNASDAQ:.IXIC) reached a fresh 13-year peak, constituent
boldly went where no such stock had gone before
. With shares approaching Pluto,
pity its Captain Kirk is scared of flying
. Investors jumped off
), which nosedived 9.16%, and sent
), whose latest
launch took place on Pier 36
, under water to the tune of 15%.
There isn't any top-tier economic data due today, but
) is expected to announce its quarterly earnings.
): The firm from Waterloo, Ontario, is lowered to Hold from Buy at
Jefferies and to Underperform from Sector Perform at RBC Capital,
whose target is taken to $5 from $15. The stock also scored an
analyst upgrade today but these downgrades currently appear to be
carrying more weight since shares, which fell 17.06% on Friday, are
showing further weakness this morning.
): Morgan Stanley moves the stock to Equal-Weight from Overweight.
(DRI): The Olive Garden owner gets slashed to Equal Weight from
Overweight at Stephens.
(DWA): B. Riley & Co. reduces its rating to Neutral from Buy
due to valuation concerns.
(FDX): Stifel Nicolaus slashes the stock to Hold from Buy.
(KORS): Shares are cut to Hold from Buy at Jefferies. The price
objective, previously $85, is now $80.
(OIS): Global Hunter Securities gives the energy outfit a
Neutral-from-Buy downgrade. Its target price goes to $81 from $92.
(COL): Credit Suisse cuts the aerospace name to Neutral from
(SEE): The Bubble Wrap maker, fresh from Friday's 4.26% fall, gets
slashed to Equal Weight from Overweight by Barclays.
(LUV): Bank of America-Merrill Lynch lowers its investment opinion
to Neutral from Underperform.
(ULTA): Jefferies cuts the cosmetics company to Hold from Buy.
New Stock Coverage: Stratasys Stock Going Through the
Stock Upgrades: Sherwin-Williams Paints Town Red, Tape
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Media, has a business relationship with BlackBerry.