On the day Janine Turner, who starred with Sylvester Stallone in Cliffhanger
, hit her half century
, markets moved up after again brushing off fiscal cliff concerns. Hollywood actors, however, were unable to participate in the profits after box office giant Lions Gate Entertainment
(LGF) fell 3.01% on a lukewarm launch
at Goldman Sachs
(GS). The bank had previously proven itself to be no movie buff
but, given that its expensive new home sits incongruously close to an Irish Hunger Memorial
, such negativity on The Hunger Games
studio was tough to swallow.
Firearms firm Smith & Wesson
(SWHC) surged 3.04% and is up another 2.55% before today’s opening bell and Urban Outfitters
(URBN), whose idea of a Christmas tree decoration is a warm gun
, gained 1.71%. The National Christmas Tree was lit
, continuing a tradition begun in 1923. That year German inflation ran rampant, with one dollar equal to one trillion Marks. Things are a bit — not much, mind you
— better in Berlin these days, and as an added bonus the city’s flagship air carrier will fly your Christmas tree for free
Harry Winston Diamond
(HWD) is out with quarterly earnings this morning, while the day’s economic data includes December’s University of Michigan Consumer Sentiment Index at 9:55 a.m. Eastern and October consumer credit at 3:00 p.m.
(ALXN): Shares are a new Neutral at Citigroup, whose target price is $104.
: Dual Dow
(^DJI) components Bank of America
(NYSE:BAC) — Neutral — and JPMorgan Chase
(NYSE:JPM) — Buy — are both covered at SunTrust, which issues respective price objectives of $11 and $48. Citigroup
(NYSE:C) is started with a Buy ($43 target price), while new Neutrals are assigned on Goldman Sachs
(NYSE:GS) ($123), US Bancorp
(NYSE:USB) ($35), and Wells Fargo
Bed Bath & Beyond
(BBBY): Shares are initiated with a Buy at Standpoint Research.
Capital One Financial
(COF): Janney Montgomery Scott starts Buy rated coverage on COF.
(DHR): The name is a new Outperform at BMO Capital, whose objective is $63.
(FISV): FISV is a fresh Buy at Jefferies.
Hennes & Mauritz
(HNNMY): The Swedish clothing company is covered at Telsey Advisory Group. Though the firm does not issue official ratings, it seems positive on the stock, saying its proven concept resonates in multiple geographies.
(HTZ): Shares are reinstated with an Overweight by Barclays.
(MPC): The name is a new Neutral at JPMorgan.
(MCHP): Saying it sees a likely cyclical rebound in semiconductors, Needham begins Buy rated research on the stock, setting a $37 target.
(ORCL): Shares are a new Neutral with Wedbush, whose target is $36.
(RYL): The real estate stock is resumed with a Buy at Topeka.
(DDD): Shares are begun with a Buy at BB&T Capital, which sets a $60 target.
(See also: Stock Downgrades: Silver Screens Are a Lead Balloon for Regal Entertainment
and Stock Upgrades: McDonald's Critics Take a Ribbing
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.