Credit Suisse analysts downgraded FirstEnergy (FE) on Tuesday, sending the stock sinking over 7% by midday. The Utilities SPDR (XLU) also was in the red amid other utility declines — namely, Exelon (EXC), also on an analyst downgrade — and the generally defensive sector’s ETF has now shed nearly 7% in the past month alone.
Microsoft (MSFT) just unveiled its new all-in-one entertainment and video game console, the Xbox One. The tech company’s usually sleepy stock is beating the broader market with a 27% YTD climb. More on the console:
- Xbox One Fails to Rattle the MSFT Cage
- Xbox One: Ultimate Entertainment Console or Disaster?
- What If Microsoft’s Xbox One Is a Hit?
Luxury retailer Tiffany & Co. (TIF) reported better-than-expected first-quarter earnings yesterday, giving the stock a 4% boost. Two reasons for the solid results: Tiffany’s 175th anniversary and the film The Great Gatsby, for which the company designed jewelry.
General Electric (GE), InvestorPlace‘s Stock of the Week, is investing billions of dollars in the the oil-and-gas space, including a large chunk in the fracking boom. Its plans include “opening a new laboratory in Oklahoma, buying up related companies, and placing a big bet that cutting-edge science will improve profits for clients and reduce the environmental and health effects of the boom,” according to The Associated Press.
Finally, a fire broke out aboard a Royal Caribbean (RCL) ship this week, though no one aboard was injured. Earlier this year, a similar incident left a Carnival (CCL) cruise ship stranded at sea as well. CCL has lost double-digits so far this year, partly thanks to the mishap.
For more videos — including exclusive access to full-length interviews and early access to weekly updates — like us on Facebook or follow us on Twitter. As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities. Follow her on Twitter: @alyssaoursler.