Nothing so far in the stock market’s new year could quite match the bang for the buck provided on the opening Antiques Roadshow
of 2013, where a musical instrument found in the trash was appraised at $35,000
. Still, there is no reason to reach for the violins on Wall Street, with the S&P 500
(^GSPC) having just advanced 0.38% to a fresh five-year high. Amazon
(AMZN) was a money tree, ending up 3.4% at a fresh peak, and a 37% surge in the timber sector confirmed it as the top performing REIT sector of 2012
. (Please send all profits to the long-suffering Greeks, whose horrific hardship now sees them searching forests in search of wood to heat homes
.) On Wednesday 01913 a Massachusetts couple got married
, the date matching their zip code, but Tiffany
(TIF) was far from living a 90210 lifestyle as a result, since the wedding-ring seller slumped 4.52% the very next day. In a week which saw awards of Golden Globes and Golden Balls
, bullion snapped a six-week skid by edging up 0.3%. It still has a ways to go, however, before breaching its all-time inflation-adjusted best, achieved 33 years ago today
This morning in economics, November 2012 business inventories are expected to slip slightly from the previous month’s pace at 10:00 a.m. Eastern. The first full week of fourth quarter earnings season starts with announcements expected out of Consolidated Edison
(ED), Linear Technology
(LLTC), Majesco Entertainment
(COOL), PPG Industries
(PPG), and Rocky Mountain Chocolate Factory
(HW): Stifel Nicolaus has a Buy rating, and $11 price objective, on HW.
(LF): Monness Crespi covers the company at a Buy at sets it a $12 objective.
Nexstar Broadcasting Group
(NXST): Shares are a new Outperform at Credit Suisse, which establishes a $17 target price.
(NYSE:RKT): The paper and packaging powerhouse is picked up with an Overweight by Barclays.
(WMB): Barclays begins Overweight rated research on the oil and gas outfit.
(See also: Stock Downgrades: Time to Run From American Express?
and Stock Upgrades: Facebook Finds Another Friend
No positions in stocks mentioned.
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