Today’s $100 bill redesign
, an event that last occurred in 1996, seems to always coincide with government shutdowns. And no wonder — with Uncle Sam’s current inaction costing us $160 million a day
, America must print money ever more prolifically. (Even if the action in Franklin Resources
(NYSE:BEN), which fell 1.65% yesterday and is assigned a decidedly ho-hum analyst initiation this morning, suggests it is not always about the Benjamins.) Congress, having long ago weighed in on titanic matters like TV volume
, now turns its undivided attention to beer
. Seriously, guys, don’t sweat the small stuff. With Washingtonian gridlock entering its second week, Dow Industrials
(INDEXDJX:.DJI) dropped for a tenth time in 13 sessions to fall back below 15,000.
For those who prefer old-school philately to newly minted numismatics, Stamps.com
(NASDAQ:STMP) slumped 3.98%. However, the Post Office, showing a degree of entrepreneurship not hitherto associated with it, clearly wants to help shareholders turn that frown upside down
. Some equities did buck a bad day. Dunkin’ Brands
(NASDAQ:DNKN), increasingly eschewing its eponymous donuts in favor of java, gained 1.03% as a new study showed coffee is better than sex
. And an analyst upgrade
made money talk at Apple Inc.
(NASDAQ:AAPL), specifically in the dulcet tones of a suburban Atlanta housewife who moonlights as Siri
Economic data remains on hiatus due to the government shutdown, but Alcoa
(NYSE:AA), Yum Brands
(NYSE:YUM), and Wolverine World Wide
(NYSE:WWW) all unofficially usher in third-quarter earnings season when they release results today.
(NASDAQ:ALIM): Northland Capital starts the small cap at an Outperform. Its price objective is $5.
: ISI Group covers dual Dow members Goldman Sachs
(NYSE:GS) (Neutral) and JPMorgan Chase
(NASDAQ:CHTR): Shares are covered with a Buy opinion and $170 target price with Wunderlich.
(NASDAQ:CHEF): CHEF is a Buy at Jefferies, whose target is $28.
: Energizer Holdings, Inc.
(NYSE:ENR), best known for its indefatigable bunny
, is assigned an upbeat Outperform with Wells Fargo. The company’s other brands include Banana Boat, Hawaiian Tropic, Playtex, and Wet Ones. Meanwhile Kleenex maker Kimberly-Clark
(NYSE: KMB) is a Market Perform.
(NYSE:BEN) BEN gets begun with a Neutral at ISI Group.
: Jefferies has Holds on Kroger
(NYSE:KR) ($45 objective), Safeway
(NYSE:SWY), and The Fresh Market
(NASDAQ:TFM) ($54.) It begins Buy-rated research, and a $70 price target, on Whole Foods
(NYSE:NWL): NWL is a new Outperform with Wells Fargo.
: CVS Caremark
(NYSE:CVS) is covered with a Buy and $71 target at Jefferies. The bank has Holds on Rite Aid
(NYSE:RAD) and Walgreen
(NYSE:WAG), rolling out respective price objectives of $5.30 and $62.
(NASDAQ:PINC): The healthcare information stock gets picked up with a Neutral at ISI Group.
(OTCMKTS:SBMRY): Stifel starts the brewing behemoth at a Buy, saying it may make an attractive acquisition target for arch rival Anheuser-Busch
(NYSE:SYY): The food service stock — not to be confused with the phonetically similar tech stock Cisco
(NASDAQ:CSCO); hey, funnier things have happened
— is assigned a Hold at Jefferies. Its price objective is $30.
(NYSE:UHS): Goldman Sachs assigns a Buy opinion and $87 price objective on UHS.
(NASDAQ:ZION): Shares get set a Neutral at ISI Group.
(See also: Stock Upgrades: Procter & Gamble, Avon Products, and Cloud Peak Energy
and Stock Downgrades: Jamba, JC Penney, and Alaska Air
No positions in stocks mentioned.
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