Following several cataclysmic days in which the only upgrades and downgrades that mattered concerned hurricanes
, Wall Street and the shattered city it calls home will try to resume a semblance of normalcy this morning.
When trading belatedly begins, the Dow
(^DJI) aims to snap back from last week’s 1.77% decline caused by a multitude of earnings disappointments. Before high tides from Sandy battered Battery Park City
and capsized the Bounty
, rising sales of Tide, Duracell batteries, and Bounty paper towels propelled Procter & Gamble
(PG) to a 2.1% increase. The Old Gray Lady otherwise known as the New York Times
(NYT) nosedived 23.2% even as young mother
Marissa Mayer saw her Yahoo
(YHOO) surge 6% to a 17-month peak.
Keeping it in the family, Ancestry.com
(ACOM) advanced 8.5% in another of the week’s standout showings. The genealogy website claims President Obama and Warren Buffett are related,
but this link is not immediately apparent from the former’s embrace of business regulation
It’s another frenetic session for third quarter earnings announcements, with results expected out of Anheuser-Busch
(BCS), Deutsche Lufthansa
(GSK), MGM Resorts
(PC), and Time Warner Cable
(APU): JPMorgan launches the limited partnership at a Neutral.
(DMD): Shares are a Market Perform at National Alliance Capital, which issues a $9.44 price objective. Anticipated content-media advertising sales growth is balanced by concerns over user migration to mobile platforms.
(FLTX): Shares are begun with an Overweight at Barclays and a Buy at Bank of America-Merrill Lynch.
(HK): The name is a new Neutral at Goldman Sachs.
(NYSE:LOCK): The anti-identity theft outfit is begun with Buys at both Bank of America-Merrill and Canaccord Genuity.
(LXFR): Oppenheimer assigns an Outperform on LXFR.
(RGLS): Cowen covers the company at Outpeform.
(R): Shares are a new Neutral at Goldman Sachs.
(See also: Stock Upgrades: Happy Headlines for News Corp
and Stock Downgrades: Western Union Could Use a Money Transfer
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.