Markets always anticipate, so the
(^DJI) got an appropriately early start on
Free Pretzel Day
. Twisting itself in knots, blue chips gained 41 points, nosedived
90, and ultimately ended up 19.
), which earlier this morning announced a 57% increase in first
quarter earnings, yesterday advanced 3.04%. Sadly its ex-CEO did
not live to see it, the
founder of "McPaper" having passed away on
. His stock certainly represents far better value than
), which followed up last week's 3.54% slide by falling further on
Also sadly leaving us was Richie Havens, best known for singing
"Here Comes the Sun."
), up 3.58% at a fresh 52-week peak, proved his words are immortal.
And maybe those Brussels bureaucrats aren't entirely allergic to
making money after all. Supermarket stock
) - based in the Belgian capital where the
EU's infamous "butter mountains" and "wine
occurred - surged 11.05% to a 17 month high.
Today in economics, March new home sales are reported at 10:00 a.m.
Eastern. On the corporate front it's another frenetic session for
earnings announcements with
(YUM) all due to release results.
American Midstream Partners
(AMID): Raymond James lifts the limited partnership to Market
Perform from Underperform.
(MT): The steel outfit headed by Europe's richest man is now Buy
from Neutral at Nomura.
(SAN): UBS increases the Spanish financial firm to Neutral from
Bank of America
): Last year's top
(^DJI) stock, which has had a tougher time of it thus far in 2013,
is moved to Overweight from Equal-Weight at Morgan Stanley. Its
price objective also increases, by $3 to $16. Analysts wrote in a
note, "BAC is about to deliver on a significant expense reduction
over the next several quarters." Shares are, accordingly, up about
1.54% in today's pre-market trading as I write.
(CAT): If the Dow declines today, no one can blame the House of
Morgan, for JPMorgan moves the key Dow component to Overweight from
(CB): The stock is raised to Market Perform from Underperform by
(COLB): An increasingly compelling current valuation sees COLB get
a Buy-from-Hold hoist with Wunderlich, whose price target also
increases by $2 to $25.
(CYH): Citing the favorable impact of health care reform, Robert W.
Baird boosts its recommendation to Outperform from Neutral. Its
target price, previously $48, is now $56.
(DRH): Baird boosts the stock to Outperform from Neutral with an
$11, saying catalysts include non-core asset sales and an upcoming
: Barclays gives Overweight-from-Equal Weight lifts to
(PHM). It takes
(TOL) up an unusual 180 degrees, to Overweight from Underweight,
(RYL) to Equal Weight from Underweight.
(INFA): Shares are now Neutral from Underperform at Credit Suisse.
(IVZ): The stock is increased to Overweight from Neutral at
(MS): SunTrust takes its fellow financial firm to Buy from Neutral.
(ROSE): The independent oil and gas outfit gets raised to Hold from
Sell at Miller Tabak, whose price objective is $42.
South American Airlines
: JPMorgan moves
(CPA) to Overweight from Neutral and lifts
(LFL) to Neutral from Underweight.
(VECO): Shares are upgraded to Outperform from Perform with a $42
objective at Oppenheimer, which predicts an improvement in orders.
New Stock Coverage: 'Maxx' Out Your Profits With TJX
Stock Downgrades: Yum Brands Giving Investors