Back in the day they used to say, "
If It's Tuesday, This Must Be Belgium
," and indeed the European Union did have much to ponder in its
Brussels headquarters yesterday. Not least its unemployment rate
rising to a record 12.1% while
he who was without Sinn squabbled with Soros over
who cast the first stone
But now the week's second day is all about its utter invincibility
on this side of the Atlantic Ocean, with
(^DJI) having just risen for a remarkable 16th straight Tuesday.
shirts celebrate one of Wall Street's worst
, jumped 3.90% but there was no check in the mail at Stamford
), whose citizens are usually to be found counting their cash. The
postage meter powerhouse plunged 15.62% in posting the
(^GSPC) poorest performance.
And blunt talking George W. Bush, who once told CNN's Candy
Crowley, "In Texas, we don't do
)," was right on the money as that stock - downgraded this morning
- imploded 18.28%.
Today in economics, March construction spending and April's
Institute for Supply Management manufacturing index are each out at
10:00 a.m. Eastern. The Federal Open Market Committee is expected
to announce its decision on interest rates at 2:00 p.m. On the
(YELP) are all due to release results.
(AI): AI is taken to Hold from Buy with Wunderlich.
(BIIB): Shares are removed from the Conviction Buy List at Goldman
): The stock is downgraded to Hold from Buy at Brean Capital after
its first quarter per share earnings missed expectations by a
(CXPO): The stock is downgraded to Hold from Buy at MLV & Co,
whose target is $3.19.
(EMN): CrÃ©dit Agricole cuts the chemical company, which has had a
rough week, to Outperform from Buy.
(ENTR): Shares are downgraded to Hold from Buy at Needham due to
excess inventory at
(CMCSA) among other issues.
(EIX): EIX is now Neutral from Buy at ISI Group.
(FISV): Shares are downgraded to Perform from Outperform at
(LSI): LSI gets lowered to Neutral from Buy at Goldman Sachs,
sending it down this morning.
(MGLN): Citigroup moves the stock to Neutral from Buy.
(MSTR): Shares are downgraded to Underperform from Market Perform
at Raymond James.
): NUAN is now Equal-Weight from Overweight at Morgan Stanley.
(OKE): The stock is downgraded to Equal-Weight from Overweight at
Oil & Gas
(EVEP) are now Neutral from Buy at Citigroup.
(PT): Goldman pulls the firm from its Conviction Buy List.
(QGEN): Shares are taken to Equal Weight from Overweight by
(RUK): A second downgrade of the week for this European publishing
powerhouse, which owns the LexisNexis legal database and
magazine. Today it is taken to Neutral from Buy at UBS.
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