On 12/12/12, the mood music of the markets was symmetry in BB-flat. Shares barely budged after Ben Bernanke gave us an interest rate update even as a Cantor tried to make himself heard
above the din.
Ludwig Van Beethoven, whose initials adorn the stock symbol of Steinway Musical Instruments
(LVB), heard that stock crash 5.27% to a fresh low although a musical concert to benefit the Robin Hood Foundation
lifted the mood at Madison Square Garden
(MSG), which now has no need to steal from the rich after rising 1.42% to the highest level in its entire history. Operation Twist is history and Wal-Mart
(WMT), which arrived on the scene in 1962 when the Twist was big
, tumbled 2.75% amid allegations of improper lobbying in India, whose world famous sitar was sadly silenced
Today’s quarterly earnings announcements are expected to include Adobe
(HOV), Pier 1 Imports
(ZQK), and Verifone
AdCare Health Systems
(ADK): The small cap is an In-line at Imperial Capital.
(AYR): AYR is begun with Buy at Deutsche Bank.
(AXS): Shares are initiated with a Buy at Goldman Sachs.
(BIIB): The biotech is added to the Conviction Buy List at Goldman.
(BEAV): Shares are initiated with an Overweight at JPMorgan.
(EAT) and Burger King
(BKW) are both Buys at Citigroup, which has a new Neutral on Buffalo Wild Wings
Food & Beverage
: Janney Montgomery Scott starts Annie’s Inc.
(NYSE:BNNY) at a Sell, begins Inventure Foods
(NASDAQ:SNAK) with a Buy, and has new Neutrals on Flowers Foods
(NYSE:FLO) Green Mountain Coffee Roasters
(NASDAQ:GMCR) ($38 price objective) and Hain Celestial
(FIVE): FIVE is a fresh Hold at BB&T Capital.
(JBLU): Shares are begun with a Buy at Buckingham, whose target is $7.
(MCP): Shares are a new Neutral at Robert W. Baird, whose target is $10.
(WU): The stock is a new Neutral at Guggenheim.
(See also: Stock Downgrades: Olive Garden Owner Darden Restaurants Evicted From Eden
and Stock Upgrades: HSBC Makes Clean Break After Money Laundering)
No positions in stocks mentioned.
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