The front cover of
only place Wall Street was getting high
last week. Elsewhere, stocks closed out May at essentially their
lows for the day, dropping for a second straight week and raising
fears of a forthcoming June swoon.
Some stocks did buck a bad tape, with acquired cemetery outfit
) rewarding investors with a 44.4% surge. (Surely better value for
money than that
used morgue New York state is currently selling on
) jumped 28% after Europe, faced with
frighteningly long unemployment lines
finally put its "
" in abject surrender.
It was a bad week for Warren Buffett's fabled secretary, as a new
administrative assistants are prone to piling on
the most pounds
of all occupations. The Oracle of Omaha himself fared better,
picking up a utility
on the cheap with the sector in free-fall.
Today in economics, May's Institute for Supply Management
manufacturing index and construction spending for April are each
out at 10:00 a.m. Eastern. On the corporate front,
Cracker Barrel Old Country Store
) reports quarterly earnings.
(ATVI) Shares are removed from the U.S. Focus List at Credit
(ATU): The diversified machinery name is now Neutral from Buy at
(CPHD): Citing MRSA (Methicillin-Resistant Staphylococcus Aureus)
screening concerns, Craig-Hallum cuts the company to Hold from Buy.
(FFIV): The stock, a poor performer in 2013, is slipping further
before the bell on an Equal Weight-from-Overweight cut at Morgan
(TMK): TMK gets taken to Neutral from Buy at Janney.
): The online travel outfit gets downgraded to Hold from Buy at
Stifel. Shares, up 50.40% in the past 12 months having
surpassed the broker's $58 target, are now due a breather.
New Stock Coverage: Now's Not the Time to Own
Stock Upgrades: Plum Creek Timber Is a Money