A bearded Brooklyn hipster helped send stocks up again, although, as the dude in question is 77
, some say this bull market is now a little long in the tooth. The S&P 500 Index
(INDEXSP:.INX) advanced as Uncle Carl’s agitation at Apple. Inc
(NASDAQ:AAPL) saw it gain 1.32%. Not to be outdone, Bronx born Lloyd Blankfein — another senior citizen proudly sporting designer stubble
— laughed all the way to the bank with an upgrade-inspired
1.41% increase in Goldman Sachs
(NYSE:GS). Among other noteworthy names, NQ Mobile
(NYSE:NQ) sank 47.16% after being called a “massive fraud” by Muddy Waters
. Fannie Mae, whose name was literally Mudd
during the housing crisis, continues to cause problems for Bank of America
(NYSE:BAC), which ended off 0.28% after its countrywide unit was found liable for defrauding the firm
. And a broker boost
sent Madison Square Garden
(NASDAQ:MSG) up all of $0.05. That and a nickel will buy you a $1 billion facelift
Today in economics, at 9:55 a.m. Eastern the University of Michigan’s final figure for October consumer confidence is forecast to slip ever so slightly from its preliminary reading earlier in the month. On the corporate front, a frenetic first full week for quarterly earnings announcements finishes with Moody’s
(NYSE:MCO), National-Oilwell Varco
(NYSE:NOV), Procter & Gamble
(NYSE:PG), Samsung Electronics
(NYSE:SHW), and United Parcel Service
(NYSE:UPS) all due to release results.
(NYSE:ALK): ALK is initiated with a Outperform assessment and $83 price objective at Cowen, which cites its impressive best balance sheet and shareholder-friendly capital return policy.
(NASDAQ:DTV) is a Market Perform ($63 target price) at FBR Capital, which rates DISH Network
(NASDAQ:DISH) Underperform ($40 target) amid its relative dearth of wireless space options.
: Citigroup has a new Neutral on Mylan Labs
(NASDAQ:MYL) but begins Teva Pharmaceutical
(NYSE:TEVA) with a Buy rating and $47 objective.
(NYSE:HASI): RBC Capital has a Sector Perform on HASI.
(NASDAQ:NFLX): NFLX is a new Market Perform at FBR Capital
(NASDAQ:TIVO): FBR Capital has a fresh Market Perform on the stock.
(NYSE:DIS): (Hat-tip to a fine Peter Sellers film
for today’s title.) The Mouse House, a key Dow
(INDEXDJX:.DJI) component, is assigned an upbeat at Outperform at FBR Capital.
(See also: Stock Upgrades: DuPont Regains Its Teflon Touch
and Stock Downgrades: Cash Registers Stop Ringing at NCR Corp
No positions in stocks mentioned.
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