Sixteen of 17 markets in Europe fell, Shanghai slumped for a sixth straight session, and indices in Japan breached a two-month trough. Yet here in America, the Dow (^DJI) rolled inexorably on, rebounding mightily around midday to end essentially at session highs. You could say, then, that decoupling was the order of the day . It certainly was in Moscow, notwithstanding that the last name in weddings opened its first Red Square outlet this week. So much for "From Russia With Love."
Should a newly-solo Putin be feeling low, a Keurig single cup may perk him up. Especially after its owner Green Mountain Coffee Roasters ( GMCR ) gained 2.65% on a broker boost . Actually, the seriously sinister ex-KGB chief strikes me as more of a vodka and nicotine kind of guy. Apropos of the latter, Joe Camel maker Reynolds American ( RAI ) just announced it is getting into the e-cigarette game . Although, unlike its past products, presumably this one doesn't carry a doctor's approval .
Alpha Natural Resources (ANR): ANR is now Underperform from Outperform at Raymond James.
Chemtura (CHMT): A combination of flat earnings and a surging stock sees Oppenheimer reset its rating to Underperform from Perform.
Insulet (PODD): Shares are taken to Hold from Buy with a $28 price objective at Wunderlich. Although hopes are high for its next-generation OmniPod insulin pump, the stock has already appreciated substantially of late.
Intel (INTC): The semiconductor stock, a key Dow (^DJI) component, is sliding 1.01% as I write after getting cut to Underweight from Neutral at Piper Jaffray. The broker would take profits after a strong recent run, especially in light of systemic issues in its underlying personal computer end market.
Iron Mountain (IRM): Stifel slashes the stock, nose-diving 9% before the bell, to Hold from Buy amid REIT (Real Estate Investment Trust) conversion concerns.
JPMorgan Chase (JPM): The blue chip is taken to Neutral from Outperform at Macquarie.
Mannkind (MNKD): Bank of America-Merrill Lynch moves the biopharmaceutical firm to Neutral from Buy.
MercadoLibre (MELI): The Buenos Aires-based online marketplace, often dubbed "Latin America's eBay Inc. (EBAY)", is now Neutral from Overweight at JPMorgan.
Peabody Energy (BTU): The coal company is cut to Market Perform from Outperform at Raymond James.
rue21 (RUE): Jefferies reduces RUE to Hold from Buy.
Sprint Nextel (S): Shares are now Neutral from Buy at Nomura.
VMware (VMW): The tech stock gets downgraded to Hold from Buy at Drexel Hamilton.