Sylvester Stallone may be a man of monosyllables but, as someone who starred in Cliffhanger
, his advice is worth heeding, especially as relates to our current fiscal cliff crisis. So when, in his Rocky Balboa guise, Sly said "ain’t nothing over 'til it’s over
," boy was he on the money. The Dow
(^DJI) dropped by 99 points, reversing itself after two stellar sessions, after negotiations in Washington, DC, which were previously progressing well, suddenly hit a snag. Some stocks did buck a bad day to end up.
On Hump Day, Joe Camel maker Reynolds American
(RAI) rose even as Europe proposed a new crackdown on tobacco
. Focus Media
(FMCN), which makes digital billboards, surged 6.73% and Oracle
(ORCL), which is no lover of those
, shrugged off the Mayans’ dire prophecies to advance 3.68% in making a fresh 52-week peak.
Today in economics, November existing home sales and leading indicators are each out at 10:00 a.m. Eastern, as is December’s Philadelphia Fed Index. On the corporate front, CarMax
(CAG), Darden Restaurants
(DRI), Discover Financial
(DFS), KB Home
(NKE), Research In Motion
(RIMM), Rite Aid
(RAD), and Winnebago Industries
(WGO) are all due to release results.
(ABT): Shares are initiated with an Outperform at William Blair.
American Safety Insurance
(ASI): The stock is a new Outperform at FBR Capital, whose price target is $24.
(AUQ): The name is a new Neutral at Credit Suisse.
: Citigroup begins Neutral rated research on Boston Beer
(SAM), Craft Brew Alliance
(BREW), and Molson Coors
(TAP). Its respective price objectives are $152, $7, and $45.
(BLK): Shares are initiated with an Overweight at JPMorgan.
: JPMorgan picks up Peugeot Citroën
(PINK:PEUGY) at Underweight, has new Neutrals on Daimler
(PINK:FIATY), and Porsche
(PINK:POAHY), and rates Volkswagen
(PINK:VLKAY) an Overweight.
(IEC): C.K. Cooper starts the small cap at a Buy and has a $9 target.
(LRN): LRN is launched with a Buy at Stifel Nicolaus.
(SNSS): Shares are initiated with an Outperform at Wells Fargo.
(WDAY): The stock is a new Equal Weight at Evercore.
(WPX): Shares are a Neutral at Robert W. Baird.
(See also: Stock Upgrades: Guinness Owner Diageo Swimming in Sea of Green
and Stock Downgrades: Research In Motion Rolling Downhill
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.