Midday Report: Snap Gets Analyst Boost; Dow Stumbles Triple Digits

The Dow Jones Industrial Average stumbled triple digits to begin the week after Republicans shelved an unpopular health- care bill on Friday.
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The Dow Jones IndustrialAverage stumbled triple digits to begin the week after Republicans shelved an unpopular health-care bill on Friday. President Donald Trump's failure to push through reform raised doubts over how he can enact other promises, including tax cuts. Snap (SNAP) - Get Report rose following a series of analyst moves. RBC Capital initiated coverage at OVERWEIGHT with a $31 price target, JPMorgan rated it as NEUTRAL, and Goldman Sachs and Jefferies both have a BUY rating. Weatherford International (WFT) - Get Report rose after entering into a joint venture with Schlumberger (SLB) - Get Report to service the fracking industry in the U.S. and Canada. Wells Fargo upgraded Weatherford to OUTPERFORM on the news. Starbucks (SBUX) - Get Report was initiated at OUTPERFORM at Tesley Advisory. The firm said few consumer brands have as broad a generational appeal as the coffee chain.

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, which Jim Cramer manages as a charitable trust, is long SLB and SBUX.