In Thursday's Analysts' Actions, Yelp (YELP) gets hit with three downgrades, while Staples (SPLS) and Buffalo Wild Wings (BWLD) receive a thumbs up from analysts. It's an ugly morning for Yelp. RBC Capital downgraded the company to SECTOR PERFORM from OUTPERFORM, following its disappointing first quarter earnings results and weak outlook. Yelp also had its rating lowered at Bank of America and Sterne Agee to NEUTRAL from BUY. Staples, on the other hand, got an upgrade to BUY from HOLD at Jefferies with a $20 price target. The firm believes Staple's acquisition deal of smaller rival Office Depot (ODP) is 'likely.' And, Buffalo Wild Wings receives a couple of upgrades by analysts at Robert Baird and Miller Tabak. TheStreet's Kurumi Fukushima reports in New York.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.