Secretary of State will forgive the phrase
, investors were for equities yesterday before they were against
them. An early advance in
(INDEXDJX:.DJI) quickly evaporated after the market showed no yen
for the Kerry trade. A
) surged 7.72% to top the
S&P 500 Index
(INDEXSP:.INX) after agreeing to buy a biotech that had
previously failed to swoon for it in June
. That month is, of course, prime wedding season, but romance is
apparently still alive in August.
) remain, rumors to the contrary notwithstanding,
as devoted to each other as ever
Andrew may now take back Fergie
, two decades after
she played footsie with her "financial
(Not to be confused with London's
(INDEXFTSE:UKX), which was closed yesterday for a British bank
Today's economic data includes August consumer sentiment from The
Conference Board at 10:00 a.m. Eastern, with consensus calling for
a fall from the prior month's pace. In earnings action,
Bank of Montreal
(WDAY) are all due to report results.
(BLKB): Stifel raises the software stock to Buy from Hold with an
increased price objective of $51. Top-line acceleration and
consistent margin expansion are projected.
Cimarex Energy Co
(XEC): The independent oil and gas outfit, which gained 1.86% to a
fresh 52-week peak yesterday, is moved to Outperform from Market
Perform this morning. Catalysts include capital deployment and
opportunities in the Permian Basin. Its price objective, previously
$72, increases to $120.
Marks and Spencer Group Plc
(LON:MKS): The British retail giant is bucking a broadly lower
FTSE 100 Index
(INDEXFTSE:UKX) this morning after a Buy-from-Neutral boost by
Citigroup. The bank's increased optimism in based on Britain's
improving macroeconomic outlook.
(MON): The firm headed by Hugh Grant (
not the English actor
) gets increased to Buy from Neutral at UBS. Shares of the world's
largest seed company advanced 1.49% in yesterday's soft market.
Premier Foods Plc
(PFD): Staying in London, this stock is surging some 6.55% today on
an upgrade to Outperform from Neutral at Credit Suisse. The target
price is also taken higher, to 155 British pence from 100 British
Qihoo 360 Technology Co Ltd
(QIHU): Jefferies juices the Chinese Internet firm to Buy from
Hold, fresh from Monday's 7.75% earnings-inspired advance.
Ryanair Holdings plc
(ADR) (RYAAY) The budget Irish airline is upgraded to Buy from Hold
Safe Bulkers, Inc.
(SB): Bank of America-Merrill Lynch takes the tanker stock to Buy
Select Comfort Corp.
(SCSS): Longbow moves the mattress maker to Buy from Neutral.
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