Stocks surge to new highs after a big hedge-fund manager says he's 'definitely bullish.' Plus, traders are cheered by falling government deficits.
Stocks are mixed, with the S&P barely clinging to gains, the Nasdaq weighed on by a post-earnings decline in Apple, and the Dow dragged on by the under-performance of AT&T and P&G.
Halliburton is upgraded to 'buy,' and DeVry is downgraded to 'hold.'
Earnings issues linger in every sector and guidance disappoints.
Constellation Brands is downgraded to 'neutral,' and Verizon is upgraded to 'overweight.'
Home Depot is downgraded to 'market perform,' and Potash is downgraded to 'hold.'
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HP's lack of exposure to the rapidly expanding tablet and smartphone market doesn't bode well for long-term growth.
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.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.