Festive green was the order of the day, with shares surging for a second straight session amid a welcome uptick in trading volume. Holly Energy Partners
(HEP) jumped 4.07%, adding to the Yuletide spirit, and getting a lump of coal in Santa’s stocking no longer seems so bad after the IEA said the fossil fuel is full of energy
. Knight Capital
(KCG), up 8.11% before the bell, is one Silent Night
going for a song this Christmas. Shanghai travel firm Ctrip.com International
(CTRP) rose 4.66% on an analyst upgrade
but there was no comment from a man in China who arrived at an airport wearing 70 items of clothing
to save on baggage fees.
It’s quite a light day in economic data, but quarterly earnings announcements are expected out of Accenture
(ACN), Bed Bath & Beyond
(FDX), General Mills
(GIS), Jabil Circuit
(NAV), and Paychex
(NYSE:AXP): The charge card company, a key Dow
(^DJI) component, is cut to Equal Weight from Overweight at Evercore.
(BJRI): Shares are now Neutral from Outperform with Wedbush.
(CB): CB gets cut to Equal-Weight from Overweight at Morgan Stanley.
(CPWR): Shares are downgraded to Market Perform from Outperform at Northland Securities.
(GE): The stock is removed from Key Call list at UBS, citing the impact of an uncertain macro environment impact on earnings.
(HRB): Shares are now Neutral from Buy at Compass Point, whose new price target is $18.50. Headwinds include the risk of an unpredictable tax season.
(SD): SD is downgraded to Neutral from Buy at Citigroup.
Smith & Wesson
(SWHC): Shares are downgraded to Neutral from Outperform at Cowen.
(WFC): The stock gets downgraded to Equal Weight from Overweight at Evercore.
(See also: New Stock Coverage: Charles Schwab Making Money Talk
and Stock Upgrades: Panera Bread Rolling in Dough
No positions in stocks mentioned.
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