Among us contrarians,
cover curse is an
absolutely infallible opposite indicator
. After all, its issue of Monday April 15 advised us to "
" - the very same day that bullion endured its single worst session
for 33 years. So its current bullishness is a concern, but for now
let's just enjoy the
(^DJI) having yesterday recovered a smidgen of recent steep
) certainly enjoyed a
, taking its 12-month gain to 28.24%. (Although you know you've got
one of your star athletes stands accused of
for the second time in his career.)
Coca-Cola Hellenic Bottling
) jumped 4.93% in the wake of a
message in a bottle arriving ashore after 28
. A distant age, 1985. The Plaza Accords took place amid currency
battles and a booming Japanese stock market. Margaret Thatcher
hogged the headlines. And our
wars with Russia
were mercifully Cold, not hot. Today in economics, March new home
sales are reported at 10:00 a.m. Eastern.
On the corporate front it's another frenetic session for earnings
) all due to release results.
American Electric Power
(AEP): SunTrust takes the utility to Neutral from Buy.
(ALV): The stock is cut to Hold from Buy at Nordea Securities.
(RATE): Goldman Sachs reduces RATE to Sell from Neutral, sending
the stock slumping ahead of the open.
British American Tobacco
(BTI): BTI gets taken to Buy from Conviction Buy at Goldman.
(CMP): Shares are slashed to Underperform from Market Perform by
BMO Capital Markets.
(ERIC): Danske downgrades the Swedish telecom name to Hold from
(IPAR): B. Riley & Co. cuts the company to Neutral from Buy,
trimming its target to $27 from $31. A recent stock surge has left
little room for additional upside potential in the near term, the
(PWER): Shares get downgraded to Hold from Buy at Jefferies.
(RCI): Credit Suisse reduces RCI to Neutral from Outperform.
(SRE): ISG Group takes the stock to Neutral from Buy amid myriad
issues including inconsistent earnings in its renewable business
and ongoing challenges in California.
(SLM): The student lender popularly known as Sallie Mae gets moved
to Equal Weight from Overweight at Evercore.
(WU): The stock is now Neutral from Buy at Citigroup.
): Bank of America-Merrill Lynch lowers the owner of KFC, Pizza
Hut, and Taco Bell - which reports earnings later today - by an
unusual 180 degrees (Underperform from Buy.) Its price objective,
previously $80, is slashed to $60 amid avian-flu related weakness
at KFC China.
New Stock Coverage: 'Maxx' Out Your Profits With TJX
Stock Upgrades: Time to Buy Bank of America