With teenage turtles
and a bride princess
-- both products of 1987 -- back in vogue, uncomfortable echoes of a quarter-century ago abound everywhere. Especially on Wall Street
, which just endured its worst week for four months and is days away from marking the 25th anniversary of Black Monday.
Despite initial jobless claims falling to their lowest level in almost five years, Big Bird -- played since 1969 by the same actor Caroll Spinney -- offers the sort of job security most Americans can still only dream about. Variety
magazine was bought for $24 million while poultry processor Pilgrim’s
(PPC) fell 14.2%, demonstrating once and for all that the egg
came before the chicken. Kentucky Fried Chicken owner Yum Brands
(YUM) surged 5.2% on strong sales in China, although some Chinese restaurants in America are clearly best avoided
This morning in economics, analysts expect August business inventories to slip slightly at 10:00 a.m. Eastern. The first full week of third quarter earnings season is upon us, with today's results expected to include Brown & Brown
(BRO), Charles Schwab
(GCI), Packaging Corp. of America
(PKG), and WD-40 Co.
(NYSE:ADT): The home security company is covered with an Equal-Weight at Morgan Stanley.
(AAUKY): Shares in the commodity company are trading lower in London this morning after being started with a Sell at Goldman Sachs.
(TRAK): The equity is initiated with an Overweight at Evercore.
National Bank Holdings
(NBHC): Shares are covered at Outperform by Keefe Bruyette.
(OMER): Shares are an Outperform at Burrill Institutional Research, whose price objective is $17. Catalysts include rich pipeline opportunities and potential launch of Pharmacotherapy products outside the United States.
(NOW): Shares are assigned an Equal Weight at Evercore.
(TRN): TRN gets begun with a Buy at UBS.
(TRLA): The online residential real estate outfit is a new Neutral at JPMorgan ($24 target) and a fresh Outperform at RBC Capital ($27 target).
(See also: Stock Downgrades: Hasbro's Toy Story Has Unhappy Ending
and Stock Upgrades: Lowe's Aims High
No positions in stocks mentioned.
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