Even on the day he was laid to rest, George Jones taught
(^DJI) an important lesson. While the iconic singer was receiving a
memorable send off at Nashville's Grand Ole
, stocks took to heart what happens when you play a country record
in reverse. ("You get your life back, your wife back, and your dog
back," as a wit once said.) Thus did equities return to form by
walking back Wednesday's wobble, and blue chips - down 130-odd
points 24-hours earlier - rose 130-odd points yesterday.
Ahead of tomorrow's Run for the Roses
), owner of the storied Kentucky Derby racetrack, advanced 3.64% to
the highest level in its history. This as
), based in the headless horseman headquarters of Tarrytown, rode
to take its two-day surge to 15.08%. A
less bullish research rating
(H), co-founded by Donald Pritzker, fall 0.60% on an otherwise
ebullient day, this at the very moment
his daughter was being appointed Secretary of
And, in a sure sign of the impending Apocalypse,
Lindsay Lohan joined Twitter to talk about
, giving herself a typically narcissistic third-person shout-out
and lamely appropriating hip-hop language in an attempt to prove
her hepcat credentials. Not only is LiLo embarrassingly late to the
medium, but she manifestly lacks the sort of eerie prescience on
Warren Buffett was displaying on the micro-blogging
as long ago as 2011.
Today in economics, analysts expect April's Institute for Supply
Management non-manufacturing report to fall from the prior month's
pace at 10:00 a.m. Eastern.
On the corporate front, the final full week of reporting season
Madison Square Garden
Royal Bank of Scotland
(YRCW) all due to release results.
(ALL): ALL gets upgraded to Conviction Buy from Buy at Goldman
(AUXL): Morgan Stanley moves the stock to Equal Weight from
): A good bourbon is the essential ingredient of any mint julep,
sales of which will
skyrocket at tomorrow's Kentucky Derby
, and the owner of Jim Beam today gets a Buy-from-Neutral boost at
Citigroup. The spirits maker, whose other brands include Canadian
Club, Courvoisier Cognac, and Maker's Mark, rose 2.83% to a fresh
peak yesterday on impressive earnings.
(BZH): Shares are upgraded to Overweight from Neutral at JPMorgan,
to Perform from Underperform at JMP Securities, and to Neutral from
Sell at Compass Point.
(BRKR): The stock is now Buy from Neutral at Mizuho, whose price
objective is $18 on a stock it says can enjoy margin upside amid a
fresh management team.
(SCOR): SCOR is boosted to Buy from Hold at Cantor Fitzgerald,
which takes its target price up by $4 to $20. New offerings, such
as Digital Analytix are showing strength.
(IT): Shares are now Outperform from Neutral at Robert W. Baird on
account of a reasonable valuation.
(GM): The auto giant gets upgraded to Buy from Hold at
Craig-Hallum. Its European operations are showing improvement.
(GIL): GIL is now Neutral from Sell at Citigroup.
): HSBC Securities hoists the stock to Neutral from Underweight.
(MMP): MMP is moved to Outperform from Neutral at Credit Suisse.
KAR Auction Services
(KAR): BB&T Capital raises its rating to Buy from Hold.
(RDC): Shares are raised to Buy from Hold at Jefferies.
(SPWR): The stock is increased Outperform from Neutral at Robert W.
(TSCO): TSCO gets taken to Outperform from Perform at Oppenheimer.
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