165,000 people is certainly an awesome Kentucky
. Whether it is quite so stellar
a number for new jobs created
in a country where over 11 million remain unemployed amid the
lowest labor force participation rate since 1979 is another matter
Still, the employment report engendered a bout of tulip mania 24
hours before Louisville's Run for the Roses, and by the end of it
shares had reached new records.
Groucho Marx, who had a thing for horses,
of course, certainly enjoyed a better time of it than his cousin
(^DJI) reacted to proletariat May Day austerity riots by hitting
15,000 for the first time in its history.
Elsewhere Harvard dropout Bill Gates saw his
) rise 5.4% to again best all blue chips, and Harvard dropout Mark
Zuckerberg saw his
) advance an identical 5.4% after announcing earnings. Truth be
told, the university's slacker students have had a better time of
it than their professors, with its faculty recently
No top-tier data economic due today, but earnings announcements are
expected out of
American Capital Agency
(AGNC): Shares are now Neutral from Buy at Nomura.
(CMA): The regional bank gets reduced to Neutral from Buy at BTIG.
(EGO): RBC Capital cuts the commodity company to Sector Perform
): More bad news for the utility, which owns 10 nuclear power
plants and 17 reactors. Shares, which fell 1.46% on Friday even
amid the market's overall ebullience, are now Neutral from Buy at
(HTWR): Shares are now Neutral from Outperform at Credit Suisse.
(KIM): Goldman Sachs cuts KIM to Neutral from Buy, sending the
stock down in today's pre-market trading.
(MCO): MCO is moved to Outperform from Strong Buy at Raymond James
after last week's 13.8% surge.
(PCAR): The truck stock, recently trading at fresh peaks, gets
taken to Neutral from Buy at Bank of America-Merrill Lynch.
(SAN) are both showing weakness in today's European trading after
being slashed to Sell from Neutral at Citigroup. Concerns include
softness in Latin American net interest income.
(UNM): Deutsche Bank lowers the insurance outfit to Hold from Buy.
(WFT): The oil services outfit is now Neutral from Strong Buy at
New Stock Coverage: Hanesbrands Stock Run Has
Stock Upgrades: No Need for Intel to Have a Chip on Its