Rainy Days and Mondays
combined to bring the
(^DJI) down, despite the best efforts of its key component
) - longtime logo: an umbrella - to enliven proceedings with a $1.1
billion acquisition. On a day of drenching downpours and a flood
watch in New York, shares slipped to start the week. At least
fellow blue chip
) - whose
original clown knew all about wicked weather
- bucked a bad tape to rise 1.27% as April showers resulted in
strong May sales at the burger behemoth.
), also in the Dow, advanced 1.52% on an
. At the turn of the millennium, an analyst who has recently
resurfaced tried to
buy a pricey nursery school spot for his children
with bullish comments
on the telecom titan. That was an altogether more quaint and
innocent age on Wall Street, however. Now the comparably
rich kids of Instagram
sell their soul in real time. Still, whatever works, as optimism
over the monetization of the photo-sharing service saw a similarly
) surge 4.46%.
Today in economics, April wholesale inventories are out at 10:00
a.m. Eastern. On the earnings front,
Ulta Salon, Cosmetics & Fragrance
(ULTA) are each expected to report results.
(ABC): Leerink lifts the stock to Outperform from Market Perform.
Catamaran Corp (USA)
(CTRX): Shares, surging some 14% as I write on a decade-long deal
(CI), are increased to Outperform from Perform at CIBC World
Fly Leasing Ltd (ADR)
(FLY): Citigroup raises its recommendation to Buy from Neutral.
Infineon Technologies AG (ADR)
(IFNNY): The stock gets a Buy-from-Neutral boost at Citi.
Navistar International Corp
(NAV): NAV is now Market Perform from Underperform at BMO Capital.
The Walt Disney Company
(DIS): Yesterday's poorest
(^DJI) performer will hope for a Tuesday turnaround after getting
moved to Outperform from Neutral at Macquarie.
New Stock Coverage: Time to Shop at Casey's General
Stock Downgrades: Dark Day for Lululemon