The Mercedes that crashed into Tiffany's ( TIF ) flagship store on Sunday was an almost-too-perfect coda for a week when Wall Street's previously effortlessly easy gravy train went off the rails. S&P 500 (^GSPC) shares tumbled 2.11% in enduring their worst showing since November.
In a miserable market grocery giant Fairway (FWM) surged 33.46% on its first day of trading. Founded as a modest fruit and veg stand in 1933, the single worst year of the Great Depression, it now hosts New York foodies who gather for gourmet arugula and duck pÃ¢tÃ©.
Apple Inc . ( AAPL ), lambasted for having a " depression era mentality " imploded another 9.1% in falling to a new low on Friday. (Good thing an eagerly awaited Steve Jobs biopic was sensibly delayed from its original release on that day , for even with today's upgrade a Hollywood ending appears increasingly unlikely for the stock.)
Brother, can you spare a dime? was top of the pops back in the Depression. Brother can now apparently spare considerably more than that , at least if you are Eastman Kodak ( EKDKQ ).
This morning in economics, March existing home sales are expected to increase from the prior month's pace at 10:00 a.m. Eastern. Peak earnings week is upon us, with today's key results due to include Caterpillar (CAT), Halliburton (HAL), Hasbro (HAS), Netflix (NFLX), Texas Instruments (TXN), and Zions Bancorp (ZION).
AbbVie (ABBV): Morgan Stanley moves the biopharmaceutical stock to Overweight from Equal-Weight.
Apple Inc. ( AAPL ): The troubled stock is upgraded to Outperform from Market Perform at Avondale.
Beazer Homes USA (BZH): Credit Suisse raises the real estate outfit to Outperform from Neutral.
BHP Billiton (BHP): Shares are upgraded to Overweight from Neutral at HSBC Securities.
Circor (CIR): The stock is moved to Buy from Hold at BB&T Capital Markets.
Equinix (EQIX): Stephens increases the Internet software stock to Overweight from Equal Weight.
European Aeronautic Defence & Space Company ( EADSY ): RBC Capital raises its recommendation to Outperform from Sector Perform.
Hess Corporation (HES): The stock is increased to Overweight from Equal Weight by Barclays.
Johnson Controls (JCI): Robert W. Baird juices JCI to Outperform from Neutral.
Meadowbrook Insurance Group (MIG): MIG gets upgraded to Outperform from Market Perform at Keefe Bruyette.
Natixis ( NTXFY ): The French investment bank is up 4.10% in today's European trading after being taken to Outperform from Neutral at Credit Suisse.
Perrigo (PRGO): The drug developer gets moved to Overweight from Neutral at JPMorgan.
Skechers USA (SKX): BB&T Capital gives the footwear firm a Buy-from-Hold boost.
VF Corporation (VFC): The textile company, whose brands include JanSport backpacks and North Face jackets, is taken to Outperform from Neutral with Wedbush.
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