Route 6-6 turned out to be a rocky road for stocks but, by the
time June 6 was done and dusted, shares rebounded from a midday
slump to post solid increases. Among equities in the news, language
) tumbled 12%. Maybe, much like JFK who told his bemused Cold War
audience in Berlin, "
I am a jelly doughnut
," something was lost in translation. (Incidentally, any investors
fearing the imminent end of the Fed's sugar rush can
snag the sweet treat for free today
(OTCMKTS:HENOY), a world leader in adhesives, jumped 2.17% on a
but where smart money goes,
dumb antics often follow
) gained 3.46% to top the
(^DJI), its best day since August of 2011 being of scant
consolation for the
company's countless spied-on customers
. It features a couple of dinosaur watchmakers leaving a dying
industry to find fortune in tech. Yet with
) having just jumped 2.20% to take its 12-month surge to 41.92%,
) still more than 50 bucks below its high, Hollywood might want to
rewrite the script.
Today in economics, analysts expect an expansion in April consumer
credit at 3:00 p.m. Eastern. On the earnings front, look for
Daqo New Energy
(AMSWA): Shares are begun with a Buy at B. Riley & Co
(CWCO): Roth Capital covers the utility at a Buy.
(XTEX): The limited partnership is launched with a Buy at
Bank of America
(BAC) is only an Underperform at Macquarie but the broker is more
upbeat on Outperform-rated
(MS). Splitting the difference,
(GS) is a new Neutral.
): Raymond James assigns a new Outperform on the navigation name,
which has lost 18.07% of its value over the past year.
(MYGN): Shares are begun with a Buy recommendation and $40 price
objective at Cantor Fitzgerald, which says the company's key
BRACAnalysis product is among the best-in-breed molecular
Piedmont Natural Gas
(PNY): BB&T Capital Markets has a Hold on the energy outfit.
(QCOM): The tech stock is set a Hold at Topeka.
: Piper Jaffray picks up
(SHOO) at Overweight, based on both its strong brand and good sales
growth, but the broker is less bullish on Neutral-rated Hush
Wolverine World Wide
Take-Two Interactive Software
(TTWO): Shares are started with a Buy and $21 target price at
Stifel, which cites catalysts including the September 17 launch of
GTA V, an extremely popular video game.
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