It’s almost enough to make investors nostalgic for those distant days of, oh, one week ago, when all we had to worry about was governmental gridlock. Yesterday, S&P 500 Index
(INDEXSP:.INX) shares snapped a recent winning streak as more prosaic concerns including earnings and China returned with a vengeance. The proximate cause was disappointing economic data out of Asia. The bull in Beijing’s China shop was stopped in its tracks as China Ceramics
(NASDAQ:CCCL) slumped 6.68% and a mauled Matador Resources
(NYSE:MTDR) imploded 8.28%. Glass-maker Corning
(NYSE:GLW) gained 14.14%, Google’s
enjoyed a 2.42% jump, and Apple’s
(NASDAQ:AAPL) glass houses
advanced 0.98%. Elsewhere, Dr Pepper Snapple
(NYSE:DPS) rose 2.47%. And that’s a fact
The single busiest session for third quarter earnings is upon us, with Amazon
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.
(NYSE:ARG): BB&T Capital cuts the chemical company to Hold from Buy.
(OTCMKTS:AKZOY): Shares get downgraded to Hold from Buy at ING Group.
(NASDAQ:ANGI): Shares, slumping today, are now Neutral from Buy at B. Riley & Co.
(NYSE:CAT): The Dow
(INDEXDJX:.DJI) member is downgraded to Neutral from Overweight at JPMorgan.
Green Mountain Coffee Roasters
(NASDAQ:GMCR): Shares are downgraded to Hold from Buy at Argus amid increased competition for single-serve coffee packets.
(NYSE:MSI): The stock is downgraded to Market Perform from Outperform at Wells Fargo.
(NASDAQ:PNRA): Shares are now Hold from Buy at Deutsche Bank.
(NYSE:RF): RF is removed from the Conviction Buy List at Goldman Sachs.
(NASDAQ:SRCL): Raymond James cuts the stock to Perform from Outperform.
(NYSE:USB): The financial name is now Hold from Buy at Deutsche Bank.
(See also: New Stock Coverage: This Is Time Warner’s Moment in the Sun
and Stock Upgrades: Goldman Given a Blankfein Check
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.