Compared with what happened exactly half a decade earlier, when Alan Greenspan told a US House committee the United States was “in the midst of a once-in-a-century credit tsunami
," October 23, 2013 was a walk in the park. Still, the S&P 500 Index
(INDEXSP:.INX) did snap a streak of four straight records amid some iffy earnings announcements. Not, however, by Boeing
(NYSE:BA) which rose 5.34% to best all Dow
(INDEXDJX:.DJI) issues in ending at a historic high. Boeing Boeing
was a well-reviewed play about the “Coffee, tea, or me?
” era in the sky, and java giant Starbucks
(NASDAQ:SBUX) just bet big on the middle option
. As Germany’s “iron chancellor” seethed at snooping, America’s largest iron ore outfit Cliffs Natural Resources
(NYSE:CLF) cratererd 2.86% in a slumping commodity sector. And a new study showed many of us plan to work until we die
. Based on Jacko’s beyond-the-grave earnings
, it’s not a bad idea.
The single busiest session for third quarter earnings is upon us, with Amazon.com
(NASDAQ:AMZN), Credit Suisse
(NYSE:CS) Dow Chemical
(NASDAQ:MSFT), 3M Co
(NYSE:MMM), Under Armour
(NYSE:UA), Western Digital
(NASDAQ:WDC), and Zynga
(NASDAQ:ZNGA) all due to announce results.
Apollo Global Management
(NYSE:APO): Shares are initiated with a Sector Perform at RBC Capital, whose target is $35.
(NYSE:BALT): The stock is a new Outperform at Imperial Capital, whose price objective is $7.
(NYSE:GG): The commodity company gets begun with a Buy at Canaccord Genuity.
(NASDAQ:HOMB): Sterne Agee has a new Neutral on HOMB.
(NASDAQ:LMAT): LATM is launched with a Buy at The Benchmark Company.
Madison Square Garden
(NASDAQ:MSG): Guggenheim gives the company a Buy rating.
Media & Entertainment
: Guggenheim has a Buy on Time Warner
(NYSE:TWX) and CBS Corp
(NYSE:CBS). Its new Neutrals include Viacom
(NASDAQ:VIAB) and Walt Disney
: CVS Caremark
(NYSE:CVS) is an Outperform at FBR Capital, which has a new Perform on Walgreen
(NYSE:TAHO): Shares are initiated with a Buy at Canaccord Genuity.
(See also: Stock Downgrades: Caterpillar Still in the Doghouse
and Stock Upgrades: Goldman Given a Blankfein Check
No positions in stocks mentioned.
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