They say bad news comes in threes, and after Japan's blunt
and Europe's impotent
, our own
(^DJI) average experienced its first three-day decline of 2013 amid
another triple-digit swing. With
"1984″ all the rage again
International Business Machines Corp
) - for whom it will
always be that year in
- may be about to
inflict an Orwellian nightmare on its workers
If all that's enough to drive investors to drink, at least
) - which similarly dates to Sam Malone's heyday 29 years ago -
surged 5.48% on a
), known as the "Red Devils," nosedived 9.17% but there was better
news for the "devil's metal" as a
silver certificate sold for big bucks
Today in economics, April business inventories are expected to tick
up slightly at 10:00 a.m. Eastern. On the corporate front,
Barnes & Noble, Inc.
Casey's General Stores, Inc.
(CASY) are both due to report results.
Adidas AG (ADR)
(ADDYY): The German sneaker and athletic apparel giant gets moved
to Overweight from Neutral at JPMorgan.
Ares Capital Corporation
(ARCC): ARCC is increased to Outperform from Perform by Keefe
(CCL): The troubled cruise company is taken to Buy from Add at
(CELG): Argus raises its recommendation to Buy from Hold with a
$140 price target, as it sees the stock as an increasingly
compelling value at current levels.
(EMC): Shares are upgraded to Outperform from Sector Perform at
General Growth Properties Inc
(GGP): The Real Estate Investment Trust gets raised to Equal Weight
from Underweight at Evercore.
Gilead Sciences, Inc.
(GILD): The biotech gets boosted to Buy from Hold at Argus.
Hercules Offshore, Inc.
(HERO): The energy outfit is hoisted to Outperform from Market
Perform with Wells Fargo.
HSBC Holdings plc (ADR)
(HBC): Investec increases its investment option on the financial
firm to Buy from Reduce.
International Paper Company
(IP): Goldman Sachs adds the company to its Conviction Buy List
amid an increasingly favorable pricing environment.
Research In Motion Ltd
(BBRY): Citing encouraging channel checks on the company's latest
device, SociÃ©tÃ© GÃ©nÃ©rale raises the BlackBerry maker an unusual
180 degrees (Buy from Sell.) Shares are responding by trading 2.51%
higher as I write.
Ross Stores, Inc.
(ROST): Shares get a Buy-from-Neutral boost at Sterne Agee.
New Stock Coverage: American Express Company Set to
Stock Downgrades: Waste Management, Inc. Sent to Sin
Disclosure: Minyanville Studios, a division of Minyanville
Media, has a business relationship with BlackBerry.