MINYANVILLE ORIGINAL Herbalife
(HLF), which sponsors the ultimate Spice Boy
, climbed 4.35% but, just for variety’s sake, seasonings king McCormick & Co
(MKC) slipped 1.81% on an up day and Campbell Soup
(CPB) also ended off after shuttering a spice plant.
Old-school American Greetings
(AM) gained 2.04% ahead of this morning’s earnings announcement and Google
(GOOG) sent itself an electronic birthday card
. The tech giant turned 14 much better behaved than most other adolescents, finishing at an all-time closing high of $756.50. Elsewhere, Vulcan Materials
(VMC) jumped 4.74% and Goodyear Tire
(GT), inventor of vulcanized rubber, rode an analyst upgrade
to gain 3.92%.
Today in economics, this month’s Chicago Purchasing Managers’ Index is set for 9:45 a.m. Eastern, with the University of Michigan’s final figure for September consumer sentiment arriving at 9:55 a.m. On the corporate front, American Greetings, Finish Line
(FINL), and Walgreen
(WAG) are all due to release quarterly results.
(MT): MT is moved to Neutral from Outperform at Macquarie due to valuation issues and an overall lack of catalysts.
(TEU): Morgan Stanley takes TEU to Equal-Weight from Overweight.
(CAT): CAT, one of several Dow
(^DJI) downgrades today, is now Neutral from Buy at Bank of America-Merrill Lynch.
European Chemical Companies
: Akzo Nobel
(AKZOY) and BASF
(BASFY) are each now Neutral from Overweight at HSBC Securities.
(NYSE:MCE) The Dow component is now Neutral from Buy at Janney Capital, which says industry sources indicate US burger-sector same-store-sale comps for the first two to three weeks of September are on pace to be the worst month for the year. Its price objective is $100.
(RUK): RUK is reduced to Neutral from Outperform at Credit Suisse.
(UTX): The Dow member, maker of Otis elevators, is taken to Perform from Outperform at Oppenheimer after the company’s analyst day. Concerns include economic headwinds and a lack of catalysts.
(See also: New Stock Coverage: Pfizer (NYSE:PFE) Looks Like a Riser
and Stock Upgrades: Atwood Oceanics (NYSE:ATW) Keeps Its Head Above Water
No positions in stocks mentioned.
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