"Sell in May and go away" had a twist in the tail this year, as
year of the snake
. Absent a major Friday fall off, shares will round out what is a
traditionally soft month with strong gains.
Twenty four hours after pork producer
) jumped an NYSE-best 28.42% after being bought,
(BRK-B) - whose
Geico unit has an awfully odd relationship with
- hit a fresh best after its MidAmerican Energy unit made a $5.6
billion acquisition of its own.
The Land of the Rising Sun was once more home to falling stocks,
(INDEXNIKKEI:NI225) nose-diving another 5.2%. Yet on this side of
) just fine
sun spectacularly set in New York
) felt the halo effect, adding 6.55% to top the entire
This morning in economics, analysts expect improvements in the May
Chicago Purchasing Managers' index at 9:45 a.m. Eastern and this
month's University of Michigan consumer sentiment survey at 9:55
a.m. On the corporate front,
(GHM) are the pick of a quiet day for earnings announcements.
(CPN): Deutsche Bank increases the electric utility to Buy from
Canadian National Railway
(CNI): Shares are now Neutral from Underweight at JPMorgan.
(CME): The exchange operator gets moved to Market Perform from
Underperform at Keefe Bruyette.
(HE): JP Morgan has a new Neutral on HE.
): Piper Jaffray juices its rating on the online vacation rental
outfit to Overweight from Neutral.
(MS): MS gets a Buy-from-Hold boost by Deutsche Bank.
(NWE): The utility is now Outperform from Neutral at Robert W.
Baird, which takes its target price up by $1 to $47 on a firm it
believes is closing in on its objective of securing 50% of Montana
retail gas supply via owned-gas assets.
(PWRD): Shares get moved to Outperform from Neutral at Macquarie.
(STO): HSBC Securities hoists the energy outfit to Overweight from
(UPI): The small cap stock is moved to Outperform from Perform at
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