A paltry 148,000 jobs added in a country of 313.9 million isn’t exactly a healthy testament to capitalism. You could fit that total, with 2,000 to spare, into a single stadium in communist North Korea
. (Always assuming Wikipedia can be trusted
.) Yet September’s anemic employment report was enough to send S&P 500
(INDEXSP:.INX) shares to yet another record as investors bet that the Fed’s monetary morphine will continue. Not all equities shared in the ebullience. A troubled handbag maker, downgraded this morning, slumped 7.53%, so they certainly won’t be saying “Cheers, Coach
(NYSE:COH)” as the World Series opens tonight in Boston. Beantown native Reed Hastings fared even worse, with his Netflix
(NASDAQ:NFLX) nosediving 9.15% after earlier being up big. So much for Pay It Forward, Kevin
— you made me look like a total Spacey cadet.
And ATM maker Diebold
(NYSE:DBD) was charged with bribing officials in Russia
, where such shenanigans are sadly no longer tax deductible
Hump Day of peak week for third quarter earnings is here, with AT&T Inc.
(NYSE:CAT), F5 Networks
(NYSE:GSK), and WellPoint
(NYSE:WLP) among a multitude of companies releasing results.
: FBR Capital picks up Pandora Media
(NYSE:P) with a Market Perform rating and $25 target price. It assigns Outperforms on Liberty Media
(NASDAQ:LMCA) and Sirius XM Radio
(NASDAQ:SIRI), home to shock jock Howard Stern, whose CEO Mel Karmazin made $255.4 million in 2012
. The respective price objectives are $200 and $5.50.
: FBR Capital has Market Performs on HomeAway
(NASDAQ:AWAY) ($29 target), MakeMyTrip
(NASDAQ:MMYT) ($14), Orbitz
(NYSE:OWW) ($9), and TripAdvisor
(NASDAQ:TRIP) ($70.) It establishes Outperforms on Expedia
(NASDAQ:EXPE) ($60 objective) and Priceline.com
(NASDAQ:PETM): ISI Group sets a new Neutral on PETM.
(See also: Stock Upgrades: Who Needs an iWatch When There’s Fossil?
and Stock Downgrades: ARM Gets Thumbs Down in Apple Fallout
No positions in stocks mentioned.
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