A day that began with Wall Street observing a moment of silence ended with money talking most eloquently, as Dow Industrials
(INDEXDJX:.DJI) again showed the enduring resilience of American enterprise. Blue chips posted a third straight session of triple-digit gains although Apple Inc.
(NASDAQ:AAPL) fell far from the money tree, dropping an S&P 500
(INDEXSP:.INX)-worst 5.44% on a trio of ratings reductions
. (A penny for the thoughts of Eliot Spitzer on such synchronized bearishness, on the very day he licked his electoral wounds. After all, in the ultimate irony, New York’s ex-Attorney General made his name going after excessively optimistic analysts during the dot-com days.)
Hardware distributor Synnex
(NYSE:SNX) surged 20.05%, but Restoration Hardware
(NYSE:RH) imploded 11.86%. It was founded in 1979, the year International Business Machines
(NYSE:IBM) -- up 2.20% yesterday to best all blue chips -- was most recently added to the Dow. Maybe what happened 34 years ago really does resonate to this day
. Elsewhere, International Paper
(NYSE:IP) announced the closing of its biggest paper mill, and telecom titan Nokia
(NYSE:NOK), which began life as a pulp firm in the snowy forests of Finland in 1865, advanced another 5.12% on multiple broker boosts
In today’s earnings action, Brady Corp
(NYSE:KR), Lululemon Athletica
(NASDAQ:LULU), NetSol Technologies
(NASDAQ:NTWK), and Ulta Salon
(NASDAQ:ULTA) are all due to report results.
(NYSE:WTR): Calling the company an attractive way to play on America’s secular water infrastructure repair and replacement cycle, Ladenburg Thalmann launches Buy-rated coverage. Its target price is $28.
(NASDAQ:ASML): Shares get reinstated with a Conviction Buy rating at Goldman Sachs.
: Janney assigns new Neutrals on Expedia
(NASDAQ:EXPE) and Priceline.com
(NASDAQ:NKTR): Cowen covers the company at Outperform. Its price objective is $17.
(NASDAQ:NBS): The biotech is begun with a Buy at MLV & Co, whose objective is $16. Its principal product candidate, AMR-001, can conceivably address a $2 billion market opening for acute myocardial infarction.
(NYSE:RKT): The paper and packaging powerhouse, whose shares have surged some 77.54% in the past year, is resumed with an upbeat Outperform at Wells Fargo.
(NASDAQ:TREE): Needham has a new Buy on the mortgage investment name.
(NASDAQ:WSBC): Shares get picked up with a Neutral at Guggenheim, whose target is $33.50.
(See also: Stock Upgrades: Zynga Can Draw Comfort From Wall Street
and Stock Downgrades: Is Netflix Revenue Stream Up a Creek?
No positions in stocks mentioned.
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