Who’d have thought Dr. Seuss
would be way scarier than Dr. Doom
? Green eggs inspired gridlock on Capitol Hill outweighed an unusually sunny-side-up outlook from Nouriel Roubini to send the Dow
(INDEXDJX:.DJI) down for a fourth straight day. Some stocks did buck the market’s malaise. A suddenly resurgent Yahoo
(NASDAQ:YHOO) jumped 3.34%. Its Marissa Mayer, to judge by her awkward ellipsis when saying “We promise not to screw…
” after buying Tumblr — which made its name in porn, yet
— is clearly still getting the hang of this Twitter thing. Twitter itself, however, appears far more sure-footed, and is now apparently on the brink of choosing the NYSE
(INDEXNASDAQ:.IXIC) for its initial public offering. This with memories of the latter’s Facebook
(NASDAQ:FB) fiasco still fresh. (Although not nearly as fresh as they were; a broker boost
just sent the social networking name up 2.67% to a new best.) And as The Goldbergs made a totally awesome debut
on ABC, a couple of other '80s icons fared less well. Trapper Keeper
owner ACCO Brands
(NYSE:ACCO) tumbled 2.15% and Perry Ellis
(NASDAQ:PERY), whose clothes outfitted the decade, plunged 2.59%.
Today in economics, analysts anticipate an uptick in August new home sales at 10:00 a.m. Eastern. In earnings action, quarterly announcements are expected out of AutoZone
(NYSE:AZO), Bed Bath & Beyond
(NASDAQ:BBBY), and Jabil Circuit
Bravio Brio Restaurant Group
(NASDAQ:BBRG): Shares are slashed to Neutral from Overweight at Piper Jaffray.
(NYSE:KMX): Goldman Sachs cuts the company to Neutral from Buy.
(NYSE:CCL): The cruise company, which slid 7.65% yesterday on iffy earnings, is sinking further in today’s overseas trading after being moved to Underweight from Equal-Weight at Morgan Stanley. Bank of America-Merrill Lynch (Neutral from Buy) and Natixis (Reduce from Neutral) add to the agony.
(NASDAQ:CY): Shares, which slumped yesterday, are now Neutral from Outperform with Wedbush. The price objective, previously $14, is lowered to $10.
(NASDAQ:DLTR): Goldman Sachs pulls the stock from its list of Conviction Buys.
(NASDAQ:RPTP): RPTP gets reduced to Perform from Outperform at Oppenheimer due to valuation, with the drug Cystinosis now already priced in.
(NYSE:RS): Bank of America-Merrill moves the commodity company to Neutral from Buy.
(NASDAQ:SWKS): B. Riley & Co. reduces the semiconductor stock to Neutral from Buy.
(OTCMKTS:TSCDY): JPMorgan gives the British grocery giant an Underweight-from-Neutral downgrade.
(See also: New Stock Coverage: Goldman Guarantees You’re Going to Like Men’s Wearhouse
and Stock Upgrades: Cash America Can Make You a Pawn Star
No positions in stocks mentioned.
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