(ETR:TKA), whose Teutonic steel outfitted armies from the Kaiser to Adolf Hitler, tumbled 3.11% on a ratings reduction
. This on the anniversary of the Kellogg-Briand Pact, a Pollyanna piece of paper aimed at outlawing conflict for all time
. No matter, for we never seem to learn. Ninety-nine years after “the guns of August” ushered in the era of poison gas, its increasingly undeniable use in Syria sent S&P 500
(INDEXSP:.INX) shares into their worst tailspin for more than two months. (National Bank of Greece
(NYSE:NBG) nose-dived 9.54% and here at home the roof will soon cave in on our debt ceiling, lest anyone think things are hunky dory elsewhere.) Fears that There Will Be Blood
in the Middle East saw crude surge 2.9% to an 18-month high, on aniconic date for the oil industry
. And if “all is fair and love and war," someone forgot to tell Tiffany
(NYSE:TIF) about the former, as the wedding ring king slumped 1.04% after announcing earnings.
Today in economics, analysts expect an increase in July pending home sales at 10:00 a.m. Eastern. In earnings action, Accor
(NYSE:EXPR), Fresh Market
(NYSE:GES), Joy Global
(NYSE:WSM), and Zale Corp
(NYSE:ZLC) are all due to release results.
Arch Coal Inc
(NYSE:ACI): The commodity company is a fresh Outperform at FBR Capital, whose target price is $6 on a stock it says sports an impressive pro forma cash balance of $1.3 billion.
Athlon Energy Inc
(NYSE:ATHL): Citigroup has a new Neutral on the independent oil and gas name.
(NYSE:CBT): SunTrust Robinson Humphrey covers the specialty chemicals company at a Neutral.
(NASDAQ:CTRL): The diversified electronics outfit, which bucked Tuesday’s broader market bloodbath with a 2.60% jump, is today begun with a Buy at Canaccord Genuity.
Drew Industries, Inc.
(NYSE:DW): Citi rolls out Buy-rated research on the maker of components for recreational vehicles.
(NYSE:NLS): The fitness firm is established with an In-Line at Imperial Capital.
: Northland Capital assigns upbeat Outperforms on Applied Materials, Inc.
(NASDAQ:AMAT) ($19 target), ASML Holding
(NASDAQ:ASML) ($110), Brooks Automation, Inc.
(NASDAQ:BRKS) ($11), KLA-Tencor Corporation
(NASDAQ:KLAC) ($64), and Lam Research Corporation
(NASDAQ:LRCX) ($58.) It is less optimistic on Entegris Inc
(NASDAQ:ENTG) and Mattson Technology, Inc.
(NASDAQ:MTSN), each only rated Market Perform with respective price objectives of $10 and $2.
(NYSE:TAM): Morgan Stanley starts the specialty chemicals stock at an Equal-Weight.
(See also: Stock Upgrades: Meet Stifel Financial in St. Louis
and Stock Downgrades: Don’t Buy Taser International, Bro!
No positions in stocks mentioned.
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