Ben Bernanke, long seen as much more stiff than many of his
fun-loving baby boomer contemporaries, yesterday demonstrated a
hitherto unknown interest in the music of Johnny Nash. What a pity
though, that it was the singer's "
There are more questions than answers
/ And the more I find out the less I know" that took his fancy. For
I Can See Clearly Now
" would have been much more to the market's liking. A
from the Fed head during his Q&A session in DC sent stocks on a
wild ride, eventually ending deeply in the red. At least
), whose Cook was grilled on the Hill 24 hours before our top
central banker, fared better, with that stock bucking a bad tape to
Today in economics, analysts expect April new home sales to improve
on the prior month's pace at 10:00 a.m. Eastern. In earnings
Advance Auto Parts
(WSM) are all due to release results.
(ATW): Goldman Sachs gives the energy outfit a Buy-from-Neutral
(DWRE): The stock is added to Goldman's list of Conviction Buys.
(DO): Shares are now Neutral from Sell at Goldman.
(FDS): Piper Jaffray juices its recommendation on the financial
information provider to Overweight from Neutral.
(^DJI) member, up 11.26% amid this morning's sea of red ink after
Meg Whitman handled a Q&A yesterday
considerably better than did Ben Bernanke, gets upgraded to Hold
from Underperform at Jefferies. Its Q2 earnings beat Street
(CLI): Saying the company is attractive relative to peers, Stifel
hikes its investment opinion to Hold from Sell.
Pacific Sunwear of California
(PSUN): Shares, surging some 18% as I write before the bell, are
now Neutral from Underperform with Wedbush.
(STX): Deutsche Bank hoists the stock to Buy from Hold, sending it
up in an otherwise weak pre-market tape as I write.
(HOT): Bank of America-Merrill Lynch lifts the accommodation outfit
to Buy from Neutral.
(STI): STI gets taken to Buy from Neutral at Guggenheim.
(TRI): TRI is taken to Neutral from Underweight at Piper Jaffray.
(PAY): Suntrust Robinson Humphrey raises its rating to Buy from
Stock Downgrades: A Farewell to ARM Holdings
New Stock Coverage: Can Johnson & Johnson Be Market's