Markets rose to begin September although equities ended well off their highs, unable to maintain a fabulous Finnish-inspired start. This as praiseworthy
pride of Helsinki Nokia
(NYSE:NOK) jumped 31.28%, with an honorable mention to an upgrade-inspired 2.53% advance in Finish Line
(NASDAQ:FINL). Shares pared an earlier rally after John Boehner, no stranger to tears, went with the White House in agreeing to oust the ophthalmologist dictator of Damascus. (For what it was worth, all-seeing CBS Corporation
(NYSE:CBS) added on 4.70% and Eylea vision drug owner Regeneron
(NASDAQ:REGN) gained an S&P 500 Index
(INDEXSP:.INX)-best 6.95%.) With conflict looming, Lord Nathan Rothschild’s iconic advice from 1810 — “Buy to the sound of cannons, sell to the sound of trumpets” — proved pretty prescient as Canon
(NYSE:CAJ) advanced 4.85%. War is hell but how about those pennies from Heaven? Well, J.C. Penney
(NYSE:JCP) jumped 1.92% after Bill Ackman’s exit even as his arch enemy Carl Icahn sent Hain Celestial (NASDAQ:HAIN) tumbling
2.74% in extended trading.
Today in economic data, the Federal Reserve’s beige book detailing regional financial conditions in a dozen districts is released at 2:00 p.m. Eastern. On the quarterly earnings front, Ciena Corporation
(NASDAQ:CIEN), Dollar General
(NYSE:DG), FuelCell Energy
(NASDAQ:FCEL), Navistar International
(NYSE:NAV), and SAIC, Inc.
(NYSE:SAI) are all due to report results.
(NASDAQ:AAPL): Cantor Fitzgerald covers the company with a Buy rating and assigns an awfully symmetrical $777 price objective. The tech titan is now “in the midst of a recovery,” analysts wrote in a note.
Archer Daniels Midland
(NYSE:ADM): Goldman Sachs starts the agribusiness giant at a Buy.
Associated Estates Realty
(NYSE:AEC): The residential Real Estate Investment Trust is begun with a Buy recommendation and $18 price objective at MLV & Co, which lauds its operational execution, improving portfolio, and 5.5% dividend yield.
(NASDAQ:CNMD): Needham has a new Buy and $37 target price on a medical appliance outfit it says should benefit from healthcare reform.
Energy Limited Partnerships:
Oppenheimer picks up Crosstex Energy
(NASDAQ:XTEX) at Perform and assigns Outperforms on EQT Midstream Partners
(NYSE:EQM), Seadrill Partners
(NYSE:SDLP), and Tesoro Logistics
(NYSE:HAL): Credit Suisse has an Outperform on the oil services stock.
Insurance: Property & Casualty CNA Financial
(NYSE:CNA) and Loews Corporation
(NYSE:L) are each begun with Buys at Deutsche Bank.
Mueller Water Products
(NYSE:MWA): Shares are initiated at an Outperform with Wedbush.
Norwegian Cruise Line
(NASDAQ:NCLH): Susquehanna picks up the company with a Positive rating.
Regal Entertainment Group
(NYSE:RGC): Benchmark Company has a Hold and $17.72 objective on the cinema stock. An impressive management team is offset by box office volatility, in the broker’s estimation.
(NYSE:RH): Janney resumes Buy-rated research on RH.
Something for everyone at Goldman Sachs. Its starts Kohl’s Corporation
(NYSE:KSS) at a Sell but begins Buys on both Nordstrom
(NYSE:JWN) and Ross Stores
(NASDAQ:ROST). The bank has new Neutrals on J.C. Penney
(NYSE:JCP), still reeling from the acrimonious tenure of activist investor Bill Ackman, Macy’s
(NYSE:M), and TJX Companies
(NYSE:CODE): The semiconductor stock is started at an Outperform with Wells Fargo.
(See also: Stock Upgrades: World Wrestling Entertainment Is Boxing Clever
and Stock Downgrades: Ryanair Is About to Crash
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.