These are dark days for the delightfully named Mr. Light, who plausibly suggested that a precipitous decline in the hours of daylight
could be one cause for September having historically been the single scariest month in the market. Thus far in 2013, the S&P 500
(INDEXSP:.INX) has risen in every single September session, in a winning streak that now stands at six straight. As the wealth disparity in America reached levels last seen in 1928
, Dow Jones
(INDEXDJX:.DJI) — which became a 30-member index that year — announced dramatic a reshuffle. Out went Alcoa
(NYSE:AA), which helped make the Twin Towers stand tall
With Noranda Aluminum
(NYSE:NOR) dropping 1.45% to an all-time low, it was a decidedly unlucky day for the chemical element with the atomic number 13. Apple Inc.
(NASDAQ:AAPL), whose new “unapologetically plastic” iPhone can be pre-ordered on Friday the 13th, didn’t help matters, and promptly tumbled 2.28%. Sears
(NASDAQ:SHLD), which surged 6.73%, enjoyed a better day. Its name, of course, emblazoned the world’s tallest building beginning in 1974. An honor previously held, for one brief shining moment, by the World Trade Center.
Today in economics, analysts expect July wholesale inventories to post an improvement from the prior month’s pace at 10:00 a.m. Eastern. On the earnings front, Men’s Wearhouse
(NYSE:MW) and Vera Bradley
(NASDAQ:VRA) are each expected to release results.
(NASDAQ:AMZN): Shares are a new Neutral with Wedbush.
(NASDAQ:AMCX): Janney Capital covers the Mad Men
broadcaster at a Buy.
Bob Evans Farms
(NASDAQ:BOBE): BOBE is begun with a Neutral at Janney.
(NYSE:CL): The stock is picked up with a Neutral by BNP Paribas, whose price objective is $62.
(NYSE:CSC): Susquehanna starts the stock at a Positive.
(NASDAQ:DENN): Janney has a fresh Buy on the fast food firm.
(NASDAQ:JDSU): Barclays begins the tech stock at Equal Weight.
Madison Square Garden
(NASDAQ:MSG): Shares are a Buy at ISI Group.
Media & Entertainment
: ISI Group has a new Neutral on Discovery Communications
(NASDAQ:DISCA) but begins Buys on CBS Corp
(NYSE:CBS), Time Warner
(NYSE:TWX), and Viacom
(NASDAQ:VIAB). It is even more bullish on 21st Century Fox
(NASDAQ:FOXA), starting it with a Strong Buy.
(NYSE:NSM): Morgan Stanley starts the stock at Overweight.
(NYSE:TPC): FBR Capital covers the company with an Outperform and $28 target amid good growth in its civil construction segment.
(NYSE:SPB): Shares are an Outperform at Oppenheimer, whose price objective is $82. A recent restructuring bodes well, the bank believes.
(NYSE:DIS): The key Dow
(INDEXDJX:.DJI) component, fresh frompostponing its next Pirates of the Caribbean film
, gets assigned a lukewarm Neutral at ISI Group.
(See also: Stock Upgrades: There’s No Stopping Nokia
and Stock Downgrades: Fall Is Absolutely No Time to Go Apple Picking
No positions in stocks mentioned.
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