Although the news disappointed all patriotic Americans, us
superstitious sorts might suggest it just as well for the market
One World Trade Center did not, as anticipated, see
its spire put in place on Monday
. After all,
24 hours after the Chrysler Building topped out
came the Crash
. Indeed, on another stellar session for stocks, echoes of Great
Depression edifices were everywhere.
contentious battle raged over the Empire State
, Radio City Music Hall owner
) rose 2.77% on a
. This as
), recently accused of having a "
Depression era mentality
," gained 3.10% to advance for a third straight session.
Unfortunately, such new found bullishness
came too late to keep one of its biggest bulls in a
Today in economics, analysts anticipate increases in both April's
Chicago Purchasing Managers' Index at 9:45 a.m. Eastern and this
month's Conference Board consumer sentiment survey at 10:00 a.m. In
Washington D.C., the Federal Open Market Committee starts its
two-day policy setting session. On the corporate front, earnings
are expected out of
Sirius XM Radio
(ANAD): The microcap is moved to upgraded to Buy from Market
Perform at Charter Equity, which cites big gains in WiFi among
other favorable factors.
(MT): Shares are upgraded to Buy from Hold at Santander.
(AUXL): Stifel hoists the stock to Buy from Hold amid optimism over
): Shares are up before the bell on a boost to Buy from Hold at
Deutsche Bank. Best Buy has decided to sell its stake in Europe's
(BWP): The stock is now Neutral from Underperform at Credit Suisse.
(CENX): Shares are taken to Buy from Hold from Hold with a fresh
$13 price objective at Cowen.
(GTLS): Morgan Stanley moves the metal fabrication stock to
Overweight from Equal-Weight.
China Eastern Airlines
(CEA) are each upgraded to Overweight from Neutral at HSBC
(DB): Shares are surging about 6% in today's European trading after
impressive results saw it score an Overweight-from-Neutral upgrade
at JPMorgan. Its analysts wrote in a note that the German financial
giant is "finally starting to address its capital issues." Credit
Suisse (Neutral from Underperform), Natixis Bleichroeder (Buy from
Neutral), Nomura (Neutral from Reduce), and Santander (Hold from
Underweight) round out the love-fest.
(UFS): The paper and forest products powerhouse is increased to Buy
from Outperform at CrÃ©dit Agricole.
): SociÃ©tÃ© GÃ©nÃ©rale upgrades the stock to Buy from Hold.
(KRC): The office Real Estate Investment Trust (REIT) gets a
Buy-from-Neutral boost at Bank of America-Merrill Lynch.
(OXY): Shares are upgraded to Buy from Hold at Deutsche Bank.
): Jefferies juices its recommendation to Hold from Underperform.
(SINA): The stock is higher on an upgrade to Buy from Hold at
(SNV): Bank of America-Merrill raises the regional bank to Buy from
(WAIR): Shares are now Neutral from Underperform at Bank of
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