Talk about making a pig’s ear
of that taper prediction
. The Dow
(INDEXDJX:.DJI) rose to records after the Fed defied all allegedly informed analysis and opted to continue its bond buying binge. On a decidedly bad day for soothsayers, Priceline
(NASDAQ:PCLN) became the first ever S&P 500 Index
(INDEXSP:.INX) issue to hit $1,000, which its purportedly clairvoyant spokesperson
, a small medium at large, also clearly never saw coming. And Oracle
(NYSE:ORCL), which tumbled 2.86% after-hours on an earnings miss, should surely similarly get out of the for-prophet forecasting game. In days of yore it was, of course, one of the fabled “Four Horsemen of the Internet,” and our other equine friends did enjoy a fine day at the races. Churchill Downs
(NASDAQ:CHDN) rose to the highest level in its history, an honor matched by Regeneron
(NASDAQ:REGN), now up an astonishing 1,300% since the financial crisis. Its headquarters are in the Headless Horseman headquarters of Tarrytown and, for what it was worth (quite a lot, actually), Horsehead Holding
(NASDAQ:ZINC) jumped 4.48% in tandem. British bank Lloyds (
NYSE:LYG), of the long-faced logo
, gained 4.60%. And not to be left out, English grocery giant Tesco
(OTCMKTS:TSCDY) — whose beef burgers taste suspiciously like horse
— is begun with a bullish “buy” rating this morning.
Today in economics, we get a trio of reports at 10:00 a.m. Eastern, in the form of August leading indicators and existing-home sales, and the Philadelphia Fed Survey for September. On the corporate earnings front, ConAgra
(NYSE:CAG), Pier 1 Imports
(NYSE:PIR), Rite Aid
(NYSE:RAD), and Scholastic
(NASDAQ:SCHL) are all due to report results.
(NYSE:ABC): Sterne Agee starts the stock at a Buy.
Destination XL Group
(NASDAQ:DXLG) Shares are launched with a Buy at Lake Street.
(NASDAQ:FB): More good news for the recently-surging stock, today begun with a Buy recommendation and $52 price objective at CRT Capital. The broker says mobile ad revenue is now at a run rate of over $3.6 billion.
(NYSE:IHG): Societe Generale has a Buy on IHG.
Credit Suisse covers Dow member Cisco Systems
(NASDAQ:CSCO) at an Underperform. It has a fresh Fair Value on Yahoo
(NASDAQ:YHOO). Buys, meanwhile, are begun on Amazon
(NASDAQ:GOOG) ($1,090 target price), and LinkedIn
(NYSE:LNKD) ($302 price objective.)
(NYSE:ORCL): William Blair begins coverage on the stock, currently under pressure, at Market Perform.
(OTCMKTS:SCHYY): HSBC Securities starts the stock at Overweight.
(OTCMKTS:TSCDY): As mentioned, the British grocery firm is a fresh Buy at Nomura.
(See also: Stock Upgrades: Tony Hayward, of BP Infamy, Gets His Life Back at Glencore Xstrata
and Stock Downgrades: Dr Pepper Not Worth Its Salt
No positions in stocks mentioned.
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