Stock Downgrades: US Steel Is No Superman

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The Dow (INDEXDJX:.DJI), up 1.11% last week, advanced 111 points yesterday. and OkCupid owner IAC/InterActiveCorp ( IACI ) - which just jumped 1.54% to hit the highest level in its history - may beg to differ, but on Wall Street at the moment, one is anything but the loneliest number. Thus it was that both blue chips and S&P 500 (INDEXSP:.INX) issues each reached fresh peaks, and on the anniversary of Wall Street's worst-ever crash . Tesla Motors ( TSLA ), which knows all about those , rose 0.99%, rebounding from an earlier swoon. Elsewhere, even an analyst upgrade couldn't stop Apple Inc. ( AAPL ) from tumbling 2.49%. Clearly, the company is now quite literally history . And slim was in as NutriSystem ( NTRI ) surged 20.71% even as a broker boost (to "Overweight," naturally) was powerless to prevent Potbelly ( PBPB ) plunging 4.51%.

This afternoon, the Federal Open Market Committee concludes its two-day policy meeting. Hump Day of another busy quarterly earnings week is here, with Allstate (ALL), Barclays (BCS), Comcast (CMCSA), Expedia (EXPE), Facebook (FB), General Motors (GM), Kraft Foods (KRFT), Metlife (MET), Sprint (S), Starbucks (SBUX), and Visa (V) all due to release results.

AFLAC (AFL): The insurance stock famous for its duck is cut to Market Perform from Outperform at Raymond James.

Amarin (AMRN): Leerink Swann lowers the drug manufacturer to Market Perform from Outperform.

Ambarella (AMBA): Morgan Stanley moves the semiconductor equipment stock to Equal-Weight from Overweight.

Bed Bath & Beyond (BBBY): Shares get taken to Hold from Buy at Canaccord Genuity.

Buffalo Wild Wings (BWLD): Raymond James reduces its rating on the fast food outfit to Market Perform from Outperform.

Carpenter Technology (CRS): Goldman gives the metal fabrication firm a Neutral-from-Buy downgrade.

Chesapeake Granite Wash Trust (CHKR): The stock is slashed to Sell from Neutral at Goldman Sachs.

Cirrus Logic (CRUS): Shares are taken to Underweight from Equal Weight by Barclays.

Digital Realty Trust (DLR): The office Real Estate Investment Trust is reduced to Market Perform from Outperform at Raymond James.

Edwards Lifesciences (EW): JPMorgan moves the equity to Underweight from Neutral.

IAC/InterActiveCorp ( IACI ): The parent is downgraded to Hold from Buy at Stifel, which cites iffy earnings.

Plantronics (PLT): Raymond James clips the company to Market Perform from Outperform.

SanDisk (SNDK): Bank of America-Merrill Lynch lowers the tech name to Neutral from Buy.

Spartan Motors (SPAR): BB&T Capital takes the stock to Hold from Buy after Tuesday's 2.77% tumble.

Union Pacific (UNP): The railroad is now Neutral from Outperform at Robert W. Baird, which takes its target to $173 from $175. Further upside potential from current levels is limited, in the bank's estimation.

US Steel (X): The commodity company, currently embarking on a cost cutting drive, gets downgraded to Hold from Buy at Deutsche Bank.

Volvo (OTCMKTS:VOLVY): Deutsche Bank slashes the Swedish car company to Sell from Hold.

Western Union (WU): Raymond James takes to money transfer titan to Market Perform from Outperform.

(See also: Stock Upgrades: Electronic Arts Is Out of the Woods and New Stock Coverage: Can Dick's Sporting Goods Score Big? )

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Stocks

Referenced Stocks: AAPL , IACI , NTRI , PBPB , TSLA



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