MINYANVILLE ORIGINAL Krispy Kreme Doughnuts
(KKD), whose products are so popular with Homer Simpson
, cratered 8.29% but the fortunes of his boss Mr. Burns took a quick turn for the better after his man Mitt lost on Tuesday
. The atomic power plant owner saw nuclear power play Exelon
(EXC) advance 0.80% on an otherwise dire day after an analyst upgrade
Firearms stock Smith & Wesson
(SWHC) gained another 2.32%, continuing its strong post-election showing. Meanwhile Michelle Obama and her fabulous arms bid farewell to designated designer Michael Kors
(KORS), its shares getting the cold shoulder as it slid 7.16%.
Today in economics, September wholesale trade is expected to tick up 0.4% at 10:00 a.m. Eastern. In earnings activity, Apollo Global Management
(COV), Crédit Agricole
(CRARY), and J.C. Penney
(JCP) are all due to release results.
(MDRX): MDRX is moved to Underweight from Equal Weight with Piper Jaffray.
(CPA): Deutsche Bank downgrades the stock to Hold from Buy.
(NASDAQ:CSCO): JPMorgan cuts the key Dow
(^DJI) component, whose 2.21% tumble yesterday made it the poorest performing blue chip, to Neutral from Overweight as it expects 2013 to be a difficult year given persistent weakness in enterprise. The price objective is also cut, to $17 from $21.
(CTXS): Shares get downgraded to Equal Weight from Overweight at Barclays.
(DTSI): The stock is downgraded to Underweight from Equal Weight at Piper Jaffray.
(NASDAQ:GRPN): The coupon-clipping daily deals website, gapping down 16.58% to lifetime lows before the bell, is cut to Market Perform from Outperform by Barrington and to Equal-Weight from Overweight at Morgan Stanley.
(KYAK): Shares, up 25.6% ahead of the open after being bought by Priceline
(PCLN) for $1.8 billion or $40 per share, are cut to Hold from Buy at Deutsche Bank.
(NIHD): The stock is downgraded to Sell from Hold at Citigroup.
(MALL): MALL is moved to Market Perform from Outperform at Raymond James.
Time Warner Cable
(TWC): TWC is taken to Hold from Buy at Stifel Nicolaus due to valuation concerns.
(THI): Shares are downgraded to Market Perform from Outperform by BMO Capital.
(NYSE:DIS): Janney Montgomery Scott moves the Dow
(^DJI) member, upgraded at Argus on Monday, to Neutral from Buy after last night’s earnings announcement revealed a revenue miss.
(See also Stock Upgrades: 3M Is in the Money, Money, Money
and New Stock Coverage: Forest Labs Looks Like a Money Tree
No positions in stocks mentioned.
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