The Iron Lady - who
didn't do U-turns
not have appreciated the phrase
on the eve of her funeral, but as an arch capitalist, she would
have enjoyed shares rebounding 180 degrees from Monday's slump.
"Ask not for whom the bell tolls; it tolls for thee." Actually,
Big Ben's chimes were just silenced
for the first time since Winston Churchill was buried, but
) rose 2.95% by the closing bell on upbeat housing data.
The current cover of
Captain Kirk is in for a rough ride,
but his loyal lieutenant Spock is indeed able to "
live long and prosper
) rode a
to surge 6.80%. And the IMF warned us that there is "
" to cure what ails the world's economy. Pity, with the white metal
having just imploded 18% in two days, such a cure certainly
wouldn't cost much.
This afternoon in economics, the Fed releases its beige book
detailing regional economic conditions in a dozen districts at 2:00
p.m. Eastern. On the earnings front, Hump Day of a peak reporting
week sees announcements out of
Bank of America
(AU): The stock gets a Buy-from-Hold boost at Deutsche Bank.
(BZ): Shares are taken to Buy from Hold at TD Securities.
): Shares get a highly unusual 180 degree (Buy from Sell) upgrade
at Deutsche Bank.
(EXP): Longbow lifts the cement name to Buy from Neutral.
(GFI): Deutsche Bank hoists the commodity company to Buy from Hold.
(INTC): The semiconductor stock, a
(^DJI) member, is moved to Buy from Hold at Drexel Hamilton.
(PCS): The telecom stock gets upgraded to Buy from Neutral at
(NCR): NCR is now Buy from Neutral at Compass Point, which also
increases its price objective $33 from $30 on a company it says can
benefit from its recent acquisitions in the Retail Solutions and
(SYT): The chemical company gets raised to Buy from Neutral at
): Shares, under pressure as I write after last night's earnings
announcement, nonetheless get a Buy-from-Neutral boost this morning
at Bank of America-Merrill Lynch. (Separately, Jefferies and
Raymond James are taking their targets up to $24 and $27
respectively, up from $20 and $26 previously, while maintaining
their overall ratings.)
New Stock Coverage: Lululemon Stock Sheer Bliss
Stock Downgrades: Deere Not Making Dough