Lions and tigers and bears, oh my! The New York Times
(NYT), purportedly a lion among paper tigers, nosedived 21.97% yesterday while Build-A-Bear Workshop
(BBW) tumbled 22.27%. Elsewhere, however, Wall Street’s animal spirits were all in hibernation, with the Dow
(^DJI) eking out a 0.20% advance as shares barely budged for a second straight day.
Standout issues included Procter & Gamble
(PG), whose Charmin toilet paper provides proof that Kim Kardashian keeps plunging to new depths for fresh publicity
. It climbed 2.92% to best all blue chips and now stands at a new four year peak. In a week in which United Parcel Service
(UPS) reported reduced revenue and Lance Armstrong further disgraced the US Postal Service, there was at least a check in the mail at Stamps.com
(STMP). The stock gained 3.86% in regular trading and is surging some 14.68% ahead of this morning’s opening bell.
Michael Jackson was bumped from a beyond-the-grave list of money makers
by Liz Taylor. But he still fared better than Michael Jackson
(AN), whose stock fell 4.75% after it announced earnings. Today in economics, at 9:55 a.m. Eastern we get the University of Michigan’s final figure for October consumer confidence.
A frenzied week for quarterly earnings announcements comes to a close with China Life Insurance
(ERIC), First Solar
(FSLR), Legg Mason
(MCO), NTT Docomo
(STO), and Weyerhaeuser
(WY) all due to report results.
(ARAY): Shares are initiated with a Buy at Brean Capital, whose price target is $10.
: Citigroup begins Buys on Alkermes
(ARIA), and ArQule
(NASDAQ:BDE) Roth Capital begins Buy rated research on the skiing and mountaineering outfit, establishing an $11 price objective.
Bonanza Creek Energy
(BCEI): The stock is a new Buy at SunTrust.
Cliffs Natural Resources
(CLF): Dahlman Rose resumes the commodity company at a Hold after transferring analyst coverage. Low iron ore prices and cash flow concerns will persist, in its view.
Cracker Barrel Old Country Store
(CBRL): CL King covers CBRL at a Buy.
Dick’s Sporting Goods
(DKS): BMO Capital Markets begins Market Perform rated coverage on DKS.
(GPOR): Shares are resumed with a Outperform at Credit Suisse.
The Medicines Company
(MDCO): The name is a new Neutral at Citigroup.
(See also: Stock Downgrades: Electronic Arts Not a Pretty Picture
and Stock Upgrades: Expedia Is Going Places
No positions in stocks mentioned.
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