born in 1929 pocketed $590 million yesterday
but, for the rest of us, Wall Street is suddenly carrying ominous
echoes of that fateful October 84 years ago. The
(^DJI) suffered its worst two-session slide since last autumn amid
iffy economic reports. This included a downward revision to first
quarter worker productivity, which
any net prophet could have predicted
Still, on the morning of 6/6 we should remember just how far the
(^GSPC) has come from
its low of 666
. Alas for Abe the
devil was indeed in the details, or rather absence
. A lack of specifics in his speech sent the
(INDEXNIKKEI:NI225) nosediving another 3.8% to an eight-week
), whose first machines
priced at $666.66 will now set you back
, dropped after enduring a hellish patent ruling.
Today's quarterly earnings announcements include
(CLVS): Shares are now Overweight from Neutral at Piper Jaffray.
(CNW): Bank of America-Merrill Lynch takes the trucking titan to
Buy from Neutral.
(CYBX): Shares, up 5.24% in yesterday's weak market, are moved to
Market Perform from Underperform at Northland Securities, which
takes its target price up to $44 from $40. The medical appliance
firm is expected to end fiscal 2013 in a strong position.
(OTCMKTS:DANOY) The French food firm, whose other brands include
Activia and Evian, gets upgraded to Outperform from Neutral by BNP
(OTCMKTS:HENKY): The German giant, a world leader in adhesives, is
increased to Neutral from Underperform by BNP Paribas.
(LPNT): LPNT is lifted to Outperform from Neutral by Credit Suisse.
(MNTA): Citing its heightened optimism regarding generic Copaxone
approval, UBS increases its investment opinion to Buy from Neutral.
(PHG): Shares in the Dutch electronics giant are currently up
almost 3% in today's European trading on the back of an
Overweight-from-Equal Weight boost by Barclays.
(SBGL): Goldman Sachs gives the commodity company a boost to
Neutral from Sell.
(THC): Deutsche Bank takes THC to Buy from Hold.
(WRB): The insurance outfit is lifted to Buy from Neutral at Bank
of America-Merrill Lynch.
New Stock Coverage: Whole Foods Looks Tasty
Stock Downgrades: Throwing the Book at Barnes &