That Florida fellow who
survived a shark attack, snake bite, and lightning
can consider himself lucky. For the
week of the shark
year of the snake
saw equities slump amid fears that
is set to strike Wall Street twice
(^GSPC) shed 1.07% as equities endured their worst week since a
late June swoon. Thus the old "sell in May and go away" adage may
be right after all, and wherever you go, take
). It advanced 6.8% to finish at an all-time high on Friday. (The
stock still deserves a pie in the eye for
preposterously suggesting that New York pizza ranks
a distant fourth
, behind both San Diego and Sin City.) For those who prefer other
forms of fast food, a
$300,000 hamburger made its entrance
but it was Peltz's
that really brought home the bacon and helped
) surge some 7.91%. Elsewhere
) slumped after CEO Kazuo Hirai rebuffed Dan Loeb's letter with one
of his own. The US billionaire had accused Sony's entertainment
division as being a "
which promptly saw
thousands of ginger-haired Scots take to the
streets in protest
. Loeb's beleaguered fellow hedge fund heavy
Ackman sent a similar five-page missive
. (With all this old-school mail flying back and forth, is it any
the Postal Service is showing some slight
?) Alas, in his case it was a red letter, for
) nose-dived another 9.9%.
Today in economics, the Treasury releases its July budget at 2:00
p.m. Eastern. On the quarterly earnings front,
(WX) are all expected to announce results.
(BRY): BRY is boosted to Buy from Hold with Wunderlich, which also
takes its price target up by $4 to $50. Relative valuation is seen
as compelling at current price points.
(CVC): Guggenheim gives the company a Buy-from-Hold upgrade.
(FFIV): The stock is boosted to Overweight from Equal Weight by
Barclays, sending it up smartly before the bell.
Health Care REIT
(HCN): BMO Capital raises the real estate investment trust to
Market Perform from Underperform.
(ING): The financial stock is hoisted to Buy from Hold at Deutsche
KAR Auction Services
(KAR): Shares are now Buy from Neutral at Bank of America-Merrill
Krispy Kreme Doughnuts
(KKD): Janney juices its investment opinion on the sweet treat to
Buy from Neutral.
(LNKD): Needham lifts the surging stock to Buy from Neutral with a
$280 price objective amid high levels of member engagement and good
growth opportunities in the mobile arena.
(LOW): The home improvement retailer is hoisted to Hold from Sell
at Canaccord Genuity, which also takes its target price up by $20
to $48. An ongoing housing market rebound is seen boosting
same-store-sales, which the broker believes will increase 2.7% for
(NTAP): Robert W. Baird raises its recommendation to Neutral from
Underperform, taking its target up by $10 to $44 in the process.
Share buybacks and improving channel chatter offer promise, the
(OMC): The advertising giant gets upgraded to Overweight from
Equalweight at Evercore.
(PRE): Keefe Bruyette raises the property and casualty insurance
outfit to Outperform from Perform.
(SWX): Brean Capital boosts the company to Buy from Hold and
assigns it an objective of $56. Catalysts include an improved
outlook for earnings growth.
(SNBC): Shares are moved to Outperform from Market Perform by Keefe
(SXL): SXL is lifted to Buy from Neutral at UBS.
(TMUS): TMUS is taken to Perform from Underperform at Oppenheimer,
which applauds its improved network and lower level of customer
(VTR): BMO Capital Markets moves the stock to Market Perform from
New Stock Coverage: Tiffany & Co. Is a
Stock Downgrades: Royal Dutch Shell plc Is All at