"Sell in May and go away" is all well and good, but always left
strangely unspecified is where exactly ya gonna go? (Especially
) tanking 4.58% on yet another record day for the
(^DJI).) No, investors sensibly opted to stay put in equities.
) rose 1.13% and
(AMZN) advanced 0.37%. Not too shabby, but not a patch on
CÃ©zanne's "Apples," which sold for $41.6, and Modigliani's
"Amazon," which went for $26 million. A blockbuster auction of each
(BID) surging 3.78% ahead of its earnings announcement.
1987 was an
on Wall Street, but that year's
was right on the money when Swayze said "
(BEBE) in a corner
." Shares, unstoppable since a
, added on another 3.96%.
Soccer is often derided as "America's biggest baby sitting service"
but it is deadly serious business across the Atlantic. Thus the
retirement of a gruff Glaswegian socialist who grew up in a working
class area of Scotland, slaving away in the shipyards before going
advise leftist politicians
(MANU) market cap
. The team is nicknamed
The Red Devils
but, from her freshly appointed perch in Heaven, Maggie Thatcher is
having a wry chuckle right about now.
Today in economics, analysts expect March wholesale inventories to
pick up from February's pace at 10:00 a.m. Eastern. In earnings
(SNE) are all due to release results.
(BLK): Shares, recently trading at fresh peaks, are now Neutral
from Buy at Citigroup.
(BMC): Jefferies cuts the company to Hold from Buy.
(CHSP): The stock is now Hold from Buy at Deutsche Bank.
Clean Energy Fuels
(CLNE): Raymond James reduces its rating to Underperform from
(CODI): CODI is now Neutral from Buy at Janney.
(DEG): The Brussels based grocery giant gets downgraded to
Underperform from Neutral by BNP Paribas.
(GES): The clothing company is cut to Neutral from Outperform with
Wedbush, which worries about earnings risk among other issues.
(HNSN): Shares are now Neutral from Overweight at Piper Jaffray.
(ICUI): The stock, recently attracting takeover talk, gets
downgraded to Hold from Buy at The Benchmark Company due to
(IHG): Cantor cuts the accommodation outfit to Hold from Buy.
(LPSN): Credit Suisse lowers LPSN to Underperform from Neutral.
(LEDR): Shares get downgraded to Hold from Buy at Craig-Hallum.
(MNST): MNST is moved to Hold from Buy at Gabelli.
(OFIX): The stock is now Neutral from Buy at Mizuho, which trims
its target to $28 from $45 amid worsening sales.
PAA Natural Gas Storage
(PNG): Bank of America-Merrill Lynch lowers the limited partnership
to Underperform from Neutral.
(RAX): The company is cut by both CrÃ©dit Agricole (Sell from
Underperform) and Evercore (Equal Weight from Overweight.)
): Shares are tumbling 2.31% in today's London trading on a
Neutral-from-Overweight downgrade by JPMorgan. "[We] see potential
for further weakness driven by excess liquidity and continued
central bank action," its analysts wrote in a note. Numis (Hold
from Buy) and RBC Capital (Underperform from Hold) add to the
(TSLA): The stock, up 18.76% this morning, is nonetheless now
Neutral from Buy at Goldman Sachs, which sees a more balanced
(THI): THI is taken to Equal Weight from Overweight by Barclays.
): Citigroup takes the luxury luggage maker to Neutral from Buy
following its first quarter earnings announcement.
New Stock Coverage: Jacobs Engineering Can't Keep
Climbing Ladder to Stars
Stock Upgrades: Green Mountain Scales the Summit