(INDEXNIKKEI:NI225) was closed Monday on account of Respect for the Aged Day but, as befitted the most popular birth-date all year
, September 16 saw the market embark upon the mother of all bull markets. Dow Industrials
(INDEXDJX:.DJI) again advanced by triple digits despite yet another trading glitch, this time involving the options feeds from exchanges including Bats Global Markets. They know all about bats in Austin
of course, and yesterday hometown hero Whole Foods
(NASDAQ:WFM) hit a historic high after increasing for an astonishing twelfth straight session. Whatever produce is being purchased in its expensive aisles, Apples
(NASDAQ:AAPL) are obviously excluded. Shares slumped an S&P 500 Index
(INDEXSP:.INX)-worst 3.18% in continuing their post-iPhone announcement funk. Adding to its angst, arch enemy Adobe
(NASDAQ:ADBE) reached a fresh peak. Elsewhere Bill Gates and Warren Buffett again topped the rich list
, but the billionaires were probably too busy playing bridge
Today in Washington, DC, the Federal Open Market Committee starts its two-day policy meeting on interest rates. In earnings action, Adobe, Coty Inc.
(NYSE:COTY), FactSet Research Systems
(NYSE:FDS), and Prada
(OTCMKTS:PRDSY) are all expected to release results.
(NYSE:AIN): DA Davidson starts the textile stock with a Buy rating and $43 target price, citing its healthy cash flow and proprietary composite technology.
(NASDAQ:AUXL): Goldman Sachs has a fresh Buy on the biopharmaceutical firm.
Envision Healthcare Holdings
(NYSE:EVHC): The stock is a new Overweight at Piper Jaffray, whose target is $32.
(NASDAQ:XONE): Credit Suisse covers the diversified machinery outfit at Underperform, assigning it an objective of $48.
(NYSE:FC): Shares are established with a Buy recommendation and $23 price target at B. Riley & Co., which cites both strong growth and high margins.
(NYSE:MTG): JMP Securities starts the insurance outfit at a Market Perform.
Rally Software Development
(NYSE:RALY): RALY is resumed with a Buy rating and $38 price objective at Wunderlich, which highlights its highly recurring revenue model.
: Real Estate Investment Trusts Dynex Capital
(NYSE:DX) and Hatteras Financial
(NYSE:HTS) are each begun with Buys at MLV & Co, whose respective price objectives are $9 and $21. Attractive valuations, allied to relatively high dividend yields, are among the favorable factors.
3D Systems Corporation
(NYSE:DDD): The 3D printing powerhouse, whose shares have surged 90.15% in the past year, is advancing further ahead of the open after getting picked up with an Outperform at Credit Suisse. Its price target is $62.
(See also: Stock Upgrades: Church & Dwight Provides Portfolio Protection
and Stock Downgrades: Fifth Third Is at Sixes and Sevens
No positions in stocks mentioned.
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