S&P 500 Index
(^GSPC) fell for a fifth day in six and
(^DJI) dropped to a four-week low, but the
(^IXIC) rose amid speculation that an intensely secretive cult is
all set to roll out its eagerly-awaited smartphone. (Whether it was
) remains moot.) The Cupertino company,
subject of a movie opening on Friday
, thus bucked a four-session skid to gain 2.84%.
Alas, there was no Hollywood ending for Elon Musk, who fancies
himself as a latter-day Steve Jobs. His
) tumbled 3.67% as it unveiled an 800 mile-an-hour method of going
from Tinsel Town to San Francisco in 30 minutes. And as the Fed's
sugar rush dissipates, investors contented themselves with an
5.23% surge in
), the company that
once cooked books
along with doughnuts.
This morning in economics, June business inventories are expected
to show improvement from the prior month's pace at 10:00 a.m.
Eastern. On the quarterly earnings front, expect
(SEAS) to release results.
(AMRN): Brokerage boutique H.C. Wainwright hoists the drug
manufacturer to Buy from Neutral.
American Tower REIT
(AMT): ISI Group gives the diversified real estate investment trust
an upgrade to Buy from Neutral.
(COP): The oil giant gets increased to Strong Buy from Buy at ISI.
(CTCT): The stock is lifted to Buy from Neutral at Lazard.
(BAP): BAP is boosted to Overweight from Neutral at JPMorgan.
(HPQ): This year's top
(^DJI) stock is today added to the Focus List of favored equities
at Citigroup. Shares are trading higher this morning as a result.
(MYTAY): HSBC Securities moves the stock to Neutral from
(MRVL): The technology stock gets upgraded to Top Pick from
Outperform at RBC Capital Markets.
(COL): Shares are now Buy from Neutral at Sterne Agee.
UBS gives Neutral-from-Sell upgrades to
Extra Space Storage
(TCK): Cowen takes TCK to Outperform from Market Perform, in the
process increasing its price objective by $9 to $34. The broker
believes rebounding coal fundamentals are near an inflection point.
(XRX): The photocopy king, a key component of the
(^GSPC) "Nifty Fifty" from yesteryear, gets a Buy-from-Neutral
boost at Citigroup.
Stock Downgrades: Analysts Can't Make Up Their Minds on
New Stock Coverage: Time to Buy RetailMeNot Inc?