It was 25 years ago today that Gordon Gekko arrived on our screens
and, for one brief shining moment on Monday, the ’80s made a comeback as that era’s quintessential corporate raider Carl Icahn helped Hewlett-Packard
(HPQ) gain to top the Dow
Fellow blue chip McDonald’s
(MCD) rose 1.05% amid strong sales of its 790 calorie Cheddar Bacon Onion sandwich. (And to think childhood obesity rates are apparently falling
.) One billion travelers will traverse the Earth in 2012
, an all time high, although someone evidently forgot to inform Expedia
(EXPE), which imploded 3.62%.
Today in economics, October wholesale inventories are out at 10:00 a.m. Eastern and the Federal Open Market Committee starts its two-day policy meeting in Washington, DC. In earnings action, Casey’s General Stores
(CASY), Dollar General
(DG), Geospace Technologies
(GEOS), Magellan Health Services
(MGLN), The Pantry
(PTRY), and ThyssenKrupp
(PINK:TYEKF) are all due to report results.
(ARW): Crédit Agricole cuts the company to Underperform from Outperform due to weaker component demand and valuation. Its price objective, at $39, is intact.
CBL & Associates Properties
(CBL): Shares get downgraded to Neutral from Buy with a $23 target at Goldman Sachs amid valuation concerns.
(NASDAQ:FWLT): Lazard lowers the stock to Neutral from Buy.
(HSP): Goldman slashes the stock to Sell from Neutral.
(LPL): Topeka takes the shares to Sell from Hold.
(See also: Stock Upgrades: Glass Half Full for Monster Beverage
and New Stock Coverage: Tumi Is Going Places
No positions in stocks mentioned.
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