On a day
) doodle honored the incomparable Ella Fitzgerald
, who was born in abject poverty and died in Beverly Hills, the
stock market threatened to journey in the opposite direction. Early
strength evaporated in the afternoon and, while shares still ended
up, the singer was wise to warn us that "
spring can really hang you up the most
certainly has for the past three years on Wall
Wednesday saw the telecom sector suffer its single worst session
since August of 2011 but
Alexander Graham Bell's ass-kicking from beyond the
- even in the afterlife, Scots hate losing money - saw the group
gain 1.7% to best all industries. Elsewhere a coach in Germany said
beating his rival from Spain,
rock bottom of the PIIGS with a 27.16% unemployment
, was like "
Robin Hood robbing from the wealthy
." Which, coming from a citizen of Europe's richest economy, really
is a bit rich.
Today in economics, consensus says April's University of Michigan
consumer sentiment survey will show an improvement at 9:55 a.m.
Eastern. Peak earnings week concludes with announcements expected
(AFL): Shares are upgraded to Buy from Neutral at Sterne Agee.
(AIXG): The name is now Market Perform from Underperform with a new
price objective of $13 at Northland Capital.
(MDRX): Morgan Stanley moves the stock to Overweight from
(AXS): The rating gets raised to Outperform from Perform at Raymond
): The retailer, up an impressive 3.89% yesterday although still
seriously under water over the past year, gets a Buy-from-Neutral
boost at Janney. The target price also increases substantially, to
$7 from $4. Catalysts include new management, better products, and
improving inventory control.
(^DJI) member is upgraded to Buy from Hold at BB&T Capital
(BSX): The medical device maker is now Outperform from Neutral at
(CAM): Shares are upgraded to Outperform from Perform at Raymond
(CMC): Jefferies juices its rating to Buy from Hold.
): The Mercedes-Benz owner gets a Buy-from-Hold hoist at Deutsche
(FB): Citing optimism over new ads and mobile efforts, Raymond
James raises its rating to Strong Buy from Outperform. As a result,
shares are up 2.07% as I write.
(LPS): LPS is lifted to Outperform from Perform with a $36 target
at Oppenheimer, which says cash could soon start to be returned to
(LOGM): Cowen raises its opinion to Outperform from Market Perform.
(PMT): Shares are upgraded to Outperform from Perform at Keefe
(PHM): The stock is hoisted to Top Pick from Outperform at RBC
(SNE): SNE is upgraded to Buy from Underperform at Credit Agricole.
(SPWR): The stock is now Outperform from Neutral at Robert W.
Baird, which takes its target to $16 from $10 amid impressive cost
(UN): The consumer products giant, whose brands include Ben &
Jerry's, Lipton, and Vaseline, gets upgraded to Hold from Sell at
(UIS): Shares are now Positive from Neutral at Susquehanna.
New Stock Coverage: TherapeuticsMD Is Just What the
Stock Downgrades: Anheuser-Busch Set for Friday