Don't believe all that guff from T.S. Eliot about April being
"the cruelest month," for it has historically been the single best
one of the year for the
(^DJI). So it proved again, and the poet - who
labored for eight long years at England's
- will have especially enjoyed that stock adding on 2.39% in its
strongest showing since November after announcing it earned $2.3
Moving from Britain to the continent,
Italy has improbably run out of chefs for its
but Europe would be well advised to simply let the
) fall where they may after it surged 4.25% to an historic high.
) announced results that were adversely impacted by a currency
devaluation in Venezuela but still advanced 4.14%, which must have
killed quasi communist Hugo Chavez, notwithstanding that his last
act on Earth was to preside over
2012′s utmost expression of capitalism
And on this May Day -- when "workers of the world unite!" -- a
penny for the thoughts of Mr. Marx. Karl's impressive lifetime
earnings comfortably put him in the top 5% of British taxpayers but
he was proud to have been born in Germany's oldest city. An
5.02% jump in the Fatherland's own
(DB) would surely have turned him into a champagne socialist.
Today in economics, March construction spending and April's
Institute for Supply Management manufacturing index are each out at
10:00 a.m. Eastern. The Federal Open Market Committee is expected
to announce its decision on interest rates at 2:00 p.m. On the
(YELP) are all due to release results.
(AMGN): Goldman Sachs adds the world's biggest biotech to its list
of Conviction Buys. The bank says an impressive produce pipeline
should mitigate upcoming patent expirations.
Artisan Partners Asset Management
(APAM): Shares are upgraded to Outperform from Market Perform at
Del Frisco's Restaurant Group
(DFRG): The stock is upgraded to Strong Buy from Outperform at
(DWA): Bank of America-Merrill Lynch lifts the movie studio stock
to Neutral from Underperform. Revenue came in nicely above
estimates amid a strong showing from the animated film
. The stock is up about 8.87% as I write.
Freeport-McMoRan Copper & Gold
(FCX): Shares are upgraded to Buy from Neutral at Nomura.
(GDOT): GDOT gets upgraded to Buy Neutral at Compass Point, which
increases its target to $20 from $15. Revenue linked to
(WMT) increased 11%.
(INFY): Shares are upgraded to Neutral from Negative at
Intercontinental Hotels Group
(IHG): The stock is upgraded to Add from Hold at Numis.
(NEM): NEM is now Buy from Hold at Mackie Research.
(SCCO): Shares are upgraded to Hold from Underweight at BB&T
): The online real estate outfit, whose shares are surging 10.43%
before the bell after announcing impressive earnings, is upgraded
to Overweight from Neutral at JPMorgan.
WPP Group plc
) The ad giant is now Buy from Hold at Panmure.
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