Investors who wanted the
(^GSPC) to make up its mind after vacillating between gains and
losses for the seven straight sessions should be careful what they
wish for. Its recent zigzags apparently over, markets have suddenly
slumped for two successive days on Wall Street, where the trend is
decidedly not now our friend.
Contributing to an early June swoon was some iffy economic data,
steepest slide in worker pay since 1947
. On March 1 of that year, the International Monetary Fund came
into existence, but
recent reports indicate it has not aged at all
. And the world marked three years since
) finally capped its Gulf of Mexico oil spill after a tragic comedy
of errors that included unsuccessfully
attempting to do the deed with golf balls
. Based on yesterday's
2.54% tumble in
), the troubled sport has still to recover from the inestimable
damage done to its reputation.
Today's quarterly earnings announcements include
Barnes & Noble
): The bookseller, which nosedived 3.49% on Wednesday, is now
Neutral from Buy at Janney Capital.
(CVGW): Shares get cut to Neutral from Buy at Janney.
(CWTR): B. Riley reduces its rating on the retailer to Neutral from
Buy and takes its target to $3.50 from $4.00 after the company's
earnings announcement revealed challenges.
(ENDP): Saying it now projects an extended phase of restructuring,
Cantor Fitzgerald reduces its rating to Sell from Hold. The price
objective, previously $36, is now $30.
(FHN): Morgan Stanley moves the shares to Equal-Weight from
(KNX): Longbow lowers the stock to Neutral from Buy.
(OTCMKTS:NSRGY): BNP Paribas cuts the confectionery company to
Neutral from Buy.
(ORCL): The enterprise software outfit is slashed an unusual 180
degrees, to Sell from Buy, at Berenberg.
(VRA): The handbag and accessories firm gets cut to Neutral from
Outperform at Robert W. Baird, which also takes its target down by
$6 to $24 amid concerns over management and unit growth issues.
(VMW): Berenberg slashes the tech stock to Sell from Hold.
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