"The Scream," a painting of pure panic from 1896, descended on New York yesterday
. Thankfully the Dow
(^DJI), which arrived on the scene the same year, avoided the sort of existential angst it suffered 24-hours earlier. Stocks still ended off again however, and some shares were especially hit.
WALL-E was inducted into the Robot Hall of Fame
(IRBT) invitation was unceremoniously revoked after it nosedived 19.08% to a new low in propping up all Nasdaq
(^IXIC) issues. March of the Penguins
perfectly described the situation at Netflix
(NFLX), where a flock of analysts concurrently queued up to cut price targets and sent it tumbling 11.88%. A new study showed the glass ceiling starts early
and there is a debt ceiling to worry about at glass panel giant Corning
(GLW), which cratered 9.40%.
Today in economics, September pending home sales are out at 10:00 a.m. Eastern. It’s another frenetic session for earnings announcements, with Amazon
(AZN), Banco Santander
(NVS), Procter & Gamble
(S), and Unilever
(UN) all expected to report results.
(AKAM): Shares are upgraded to Buy from Hold at Canaccord Genuity.
(AB): Keefe Bruyette moves the money manager to Outperform from Market Perform.
(ANGI): The name is now Outperform Market Perform at Barrington Research, which assigns a price objective of $13. Catalysts include revenue visibility and differentiated offerings.
(BXP): BXP is boosted to Buy from Hold at Stifel Nicolaus, whose target price is $120.
(CIEN): Shares are upgraded to Outperform from Market Perform at FBR Capital.
(CFR): Shares are now Neutral from Underperform at Sterne Agee on account of recent relative under-performance. The target is $54.
(ECA): ECA is increased to Outperform from Perform at BMO Capital.
(EQIX): Shares are now Buy from Neutral at Citigroup.
(FTI): Jefferies juices its recommendation to Hold from Underperform.
(HON): HON is hoisted to Outperform from Market Perform by Sanford Bernstein amid margin expansion and secular tailwinds. The target is also taken up, to $76 from $72.
(HRL): Citing strong earnings and an impressive balance sheet, Stephens upgrades the Spam maker to Overweight from Equal Weight. Its price objective is also increased, by $4 to $34.
(NFX): NFX is now Market Perform from Underperform at Raymond James.
(PB): PB is upgraded to Outperform at Keefe Bruyette.
(SWKS): Shares are upgraded to Strong Buy from Outperform at Raymond James.
(WYNN): The casino company is now Neutral from Sell at Compass Point.
(NASDAQ:ZNGA) The social-gaming stock famous for its dog logo gets a Buy-from-Hold hoist at Needham. Key positives are a buyback and cost-cutting initiatives, and its target is $4. Shares are surging 17% before the bell.
(See also: Stock Downgrades: Crocs Carried Out Feet First
and New Stock Coverage: Time Warner Cable Gets Great Reception
No positions in stocks mentioned.
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