Lululemon is downgraded to 'sector perform,' and Apple is initiated with a 'buy.'
Stocks are lower and if the weakness holds into the close, it will mark the first Friday this year in which the major averages suffered daily losses.
The brokerage firm initiated coverage on a bevy of retail stocks today, seeing strength and growth prospects as catalysts.
Bristol-Myers is downgraded to 'neutral,' and Gap is initiated with an 'underperform.'
If consumers aren't buying, maybe investors should be selling.
Tiffany is downgraded to 'neutral,' and ConAgra is upgraded to 'buy.'
3 homebuilders are upgraded at JPMorgan, and Select Medical is downgraded at 3 firms.
The market bounces back, boosted by speculation about new easing plans and steps to help with the European debt crisis.
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