In an uncertain world, it’s nice to know the cover curse remains as reliable as ever. On the day Barron’s said the Dow (^DJI) was on an inexorable upward trajectory
, blue chips endured their worst day of the year. (You know things are bad when beleaguered Herbalife
(HLF), having tumbled 39.64% over the past 12 months, is among the session’s standout stocks to the upside.)
Other equities bucking a bad tape were Cobra Electronics
(COBR), up 2.98% just in time for this week’s start of the Year of the Snake, and Panasonic
(PC), which surged some 12.21%. The consumer electronics giant began life in 1918 as a vendor of lamp sockets; take that, Superdome
After 500 years, we finally found the man who said, “A horse! A horse! My kingdom for a horse!
” Just so long as it wasn’t a Clydesdale
, what with Anheuser-Busch
(BUD) falling 5.00% on a ratings reduction
. The brewing behemoth famously featured voodoo in its Super Bowl advertising
and yesterday’s slide was an uncomfortable case of déjà vu-doo economics, for shares endured a similarly awful end to last week.
Today in economics, a slight slippage is seen in the Institute for Supply Management’s January non-manufacturing index at 10:00 a.m. Eastern. In earnings action, Archer Daniels Midland
(ADM), BP Plc
(BP), Estée Lauder
(K), NYSE Euronext
, Sirius XM Radio
(SIRI), Take-Two Interactive Software
(TTWO), Toyota Motor
(TM), UBS AG
(UBS), Walt Disney
(DIS), and Zynga
(ZNGA) are all due to report results.
: Lazard launches Buys on both Repros Therapeutics
(RPRX) and Vanda Pharmaceuticals
Brookdale Senior Living
(BKD): BKD is begun with an Equal Weight at Barclays.
(SATS): Stephens starts an Overweight opinion, and $46 price objective, on SATS.
(CHUY) is rated an Underperform with Wedbush, which establishes Denny’s
(DENN) at Outperform.
(LNKD): Shares are assumed with an Overweight at Piper Jaffray, whose price objective is $150.
(LL): Credit Suisse launches Outperform rated coverage on LL.
Personal Services/Specialty Retail
: Ulta Salon
(ULTA) and Vitamin Shoppe
(VSI) are each assigned Outperforms at Credit Suisse.
Preferred Apartment Communities
(APTS): Shares are begun with a Buy at Compass Point, which establishes a price objective of $9.75. The firm’s multifamily portfolio is poised to benefit continued strength in the macroeconomic environment.
: Cowen has new Neutrals on Dow
(^DJI) member Intel
(NASDAQ:INTC), along with KLA-Tencor
(NASDAQ:KLAC), Lam Research
(NASDAQ:SNDK), and Texas Instruments
(NASDAQ:TXN). Its Outperforms include Applied Materials
(NASDAQ:AMAT) and Broadcom
(VCLK): The stock is picked up with a Neutral at Piper Jaffray.
(WSM): Credit Suisse covers the Pottery Barn owner at a Neutral at assigns it a $49 target price.
(WDAY): Citigroup has a new Neutral on WDAY.
(See also: Stock Upgrades: Miracle on 34th Street for Macy's
and Stock Downgrades: Yum Brands Giving Investors Indigestion
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.