Strictly speaking, we can’t claim that our government has done nothing this week. After all, the Feds — finally turning their hands to a matter they know something about — did reimburse that poor chap after forensically examining the $500 that passed through his pooch’s feces
. But on the big stuff, Washington continues to be found lacking. Thus it was that the DC shutdown sent Dow Industrials
(INDEXDJX:.DJI) down for a second straight session. Admittedly, amid the mayhem some equities did turn water into wine. Not least Primo Water
(NASDAQ:PRMW), up 3.96%, and world’s largest winemaker Constellation Brands
(NYSE:STZ), which gained 3.24%. But against a backdrop of (Jack) Welch’s (sour) grape juice — the businessman has now dissed both Republicans
in equal measure — investors elsewhere found plenty to whine about.
Trading was murder on Orient-Express
(NYSE:OEH), which imploded 4.77% on the eve of this, an iconic date in its history
. And Eli Lilly
(NYSE:LLY) lost 3.44% on emerging market issues. It really needs the FDA to speed up drug approvals, but they are too busy spending a king’s ransom to better “understand” social media
. With Facebook
(NASDAQ:FB) tumbling 2.18% on a rating reduction
, now’s really not the time.
September’s employment report, originally due for release at 8:30 a.m. Eastern, has been postponed due to the government shutdown. In earnings action, Taiwanese smartphone provider HTC Corporation
(OTCMKTS:HTCKF) announced its first ever quarterly loss earlier today. Here at home, sandwich shop Potbelly
(NASDAQ:PBPB) is expected to start trading this morning after pricing its initial public offering at $14 per share.
Campus Crest Communities
(NYSE:CCG): The company is covered with a Buy rating and $13.50 price objective with Wunderlich.
(NYSE:CCL): SunTrust rolls out Reduce-rated coverage on the troubled cruise company.
Cole Real Estate Investments
(NYSE:COLE): Shares are an Outperform at FBR Capital, whose target price is $14 amid impressive earnings growth.
(NYSE:DEO): The Guinness maker gets assigned an upbeat Add at Numis.
Healthcare Trust of America
(NYSE:HTA): Wunderlich has a Buy and $12.50 target on a company it says stands to benefit from the Patient Protection and Affordable Care Act.
(NASDAQ:JDSU): Shares are set Equal Weight at Evercore, whose objective is $17.
(NASDAQ:MDXG): The medical equipment and appliance outfit is initiated with a Buy rating and $6 target at Canaccord Genuity.
(NYSE:OCR): KeyBanc Capital covers the company at a Buy.
21st Century Fox
(NASDAQ:FOXA): The media and entertainment titan is a new Overweight at JPMorgan.
US Airways Group Inc
(NYSE:LCC): The aviation outfit indelibly associated with Captain Chesley “Sully” Sullenberger’s Hudson heroics almost five years ago
is assigned an upbeat Outperform at Imperial Capital. Shares surged 3.23% yesterday even amid a remorseless tide of red ink elsewhere. (Note that the stock also received a ratings reduction this morning.)
(NYSE:VALE): Barclays begins the Brazilian commodity company at an Underweight. Its price objective is $13.
(See also: Stock Upgrades: Exxon Mobil, OpenTable, and Moneygram International
and Stock Downgrades: Wynn Resorts, Tesoro, and Cepheid
No positions in stocks mentioned.
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