Yesterday felt like 1998 all over again, and not just on account
French unemployment reaching a 15-year high
. That year Bill Clinton, aka the "comeback kid," somehow survived
the Lewinsky scandal and yesterday Mr. Market showed similar
(^DJI), down 116 points at the day's depths, ended up an impressive
80.03 in its best rebound of the year.
June 6 was of course the 69th anniversary of D-Day, when the "
Boys of Pointe du Hoc
" scaled the cliffs and liberated first Normandy and then the
continent of Europe. The grandchildren of liberation, alas, had
less reason to laud Americans yesterday, after Big Apple based
) blamed that old standby technical troubles for a
that postponed Paris trading by an hour.
Ahead of an
, there were long faces at
), whose first product was sold from the back of a horse-drawn
wagon. Shares nose-dived an
(^GSPC) worst 9.81%. But
), based in the headless horseman heartland of Tarrytown, was off
to the races, gaining 9.81% to post the index's best performance.
This as glue maker
(OTCMKTS:HENOY), for whom far too many proud stallions have given
their life, gained 2.17% on an
Today in economics, analysts expect an expansion in April consumer
credit at 3:00 p.m. Eastern. On the earnings front, look for
Daqo New Energy
Abercrombie & Fitch
(ANF): Bank of America-Merrill Lynch lifts the clothing company to
Buy from Neutral.
(OTCMKTS:BAYRY): The aspirin outfit is increased to Outperform from
Neutral by BNP Paribas.
(BRCM): Shares are moved to Outperform from Neutral at Macquarie.
(BRCD): The tech equity gets taken to Buy from Neutral with a $7.50
price objective at ISI Group, which says a dividend initiation is
potentially on the agenda.
(BIP): BIP is boosted to Buy from Hold at TD Securities.
(BT): Shares of the British telecom titan are surging 4.61% in
London today on the back of an Overweight-from-Equal Weight boost
by Barclays, which hails its ongoing cost cutting efforts.
(OTCMKTS:DTEGY): Jefferies increases its investment opinion to Buy
Dun & Bradstreet
(DNB): JPMorgan moves the stock to Neutral from Underweight.
(GSK): The pharmaceutical giant gets hoisted to Hold from
Underweight at Liberum.
(OTCMKTS:GLCNF): The commodity company, currently led by
(BP) CEO Tony Hayward
, is trading 2.53% higher in Europe this morning after getting
added to the Focus List at Credit Suisse.
(KOF): The Mexican bottler is now Neutral from Sell at Citigroup.
): Talk about "
I see France
." Pride-of-Paris CrÃ©dit Agricole gives an Underperform-from-Sell
upgrade to the cult yoga clothing company, which has survived a
recent sheer-pants problem to trade at historic highs.
Main Street Capital
(MAIN): Raymond James juices its recommendation to Outperform from
(UAL): Goldman Sachs gives the airline a Neutral-from-Sell lift as
merger doldrums begin to dissipate
(VALE): The miner is moved to Outperform from Underperform by
(VRA): The handbag maker, which slumped 7.84% yesterday amid
downgrades and iffy earnings, gets upgraded to Neutral from
Underperform at Sterne Agee.
(YUM): The owner of KFC, Pizza Hut, and -
infamous this week
- Taco Bell is boosted to Buy from Neutral at UBS. Sales in China
are expected to pick up, and the bank also adds YUM to its US "Key
Call" list. Shares are currently up about 1% as a result.
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