For investors willing to bet against the crowd, these dogs could become tomorrow's darlings.
Alpha Natural is downgraded to 'sell,' and Michael Kors is initiated with an 'outperform.'
AB InBev is downgraded to 'conviction sell,' and Boeing is upgraded to 'buy.'
Cheesecake Factory is upgraded to 'neutral,' and Intuit is downgraded to 'neutral.'
The Street is too late to recognize glaring weaknesses in the network equipment company that have been apparent for some time.
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Stocks are down as a weaker-than-expected jobs report sent the markets sharply lower at the open, though the averages moved off their lowest levels near noon.
Cliffs Natural is both upgraded and downgraded, and General Mills is upgraded to 'buy.'
Demand for network equipment is slowly improving, and the company's massive restructuring efforts continue to make it less reliant on low-margin hardware sales.
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