Wall Street will pay close attention to reports from Wal-Mart, Macy's and Kohl's as the holiday shopping season gets underway.
Finisar is upgraded to 'outperform,' and Marathon Oil is downgraded to 'neutral.'
Elan is upgraded to 'market perform,' and Affymax is downgraded to 'neutral.'
Cirrus Logic is downgraded to 'perform,' and Infosys is upgraded to 'buy.'
Kraft is downgraded to 'hold,' Express Scripts is upgraded to 'outperform,' and Altera is initiated with a 'reduce.'
Technical action in the popular ETF and rampant bearish sentiment suggest that a buying opportunity could be set up in coming weeks.
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The apparel chain takes a hard hit after blaming the weather for its quarterly sales decline. But cold temperatures don't explain the drop in full-year sales as well.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Even when they have a plan for their refund check from Uncle Sam, Americans often don't realize how they actually spend the windfall.
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