The site isn't the first to try to 'pin' its way to profits, though.
Mosaic is also downgraded to 'neutral,' and Michael Kors is initiated with an 'outperform.'
The watchmaker's pessimistic earnings alert has a familiar ring to it.
| Tags: | COHJonathan BerrKORSTIF |
Stocks are higher amid optimism that Spain may be moving closer to requesting more aid.
Apple begins selling its latest smartphone worldwide. Spain and the European Commission are reportedly discussing reforms that would lead to a bailout. McDonald's and several other companies increase their dividends.
More weak reports could be the symptom of a bigger problem.
The firm also downgrades AMD, Intel and Marvell.
Weak China data drags on global stocks even as it increases hopes for more stimulus. An eventful week in Europe could provide more hurdles for the eurozone. The government will sell $18B in AIG shares.
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