Stocks reached new records as the market once again partied like
it was '99. (That would be 1899, it being free market economist
Friedrich Hayek's birthday
and all.) A
) surging 1.86% to the highest level in its history. Its shares now
no longer go for a song, despite the words of a
chart-topping ditty from 1986
Ah, 1986 - the year Alex Ferguson took over at storied soccer team
(MANU). News of his departure sent its shares sliding 1.76%. Los
Angeles, to the surprise of no one, was named
America's worst city for traffic congestion
. Still, that is no excuse for
letting an Enron felon walk
, especially in a session prison stock
(GEO) gained 0.42% to an all-time best.
Today in economics, analysts expect March wholesale inventories to
pick up from February's pace at 10:00 a.m. Eastern. In earnings
(BID) are all due to release results.
American Water Works
(AWK): Shares get upgraded to Outperform from Market Perform at
Wells Fargo following its first-quarter earnings announcement.
Customers are being added and the divided increased.
(BBVA): The Spanish financial firm gets a Buy-from-Hold boost at
): Deutsche Bank hoists the British gas outfit to Buy from Hold.
(CTRP): Shares are upgraded to Buy from Neutral at Bank of
): Shares, surging 15.33% before the bell, are now Buy from Neutral
(IAG): IAG gets increased to Buy from Hold at Mackie Research.
(MFB): Bream Capital moves MFB to Buy from Hold.
): Morgan Stanley moves the media empire controlled by Italy's
Silvio Berlusconi to Equal Weight from Underweight.
(MGM): The casino company is trading higher ahead of the open on an
upgrade to Buy from Neutral at Sterne Agee.
(XOMA): The biotech, up 18.21% ahead of the open, gets upgraded to
Buy from Hold at Canaccord Genuity.
New Stock Coverage: Jacobs Engineering Can't Keep
Climbing Ladder to Stars
Stock Downgrades: Tumi Has Too Much Baggage