Where the mighty bull is concerned, lightening does indeed strike twice. Just ask that unfortunate Texas rodeo clown felled by two thunderclaps in quick succession
. In a recurring theme, the S&P 500 Index
(INDEXSP:.INX) rose to a second straight record on a day that saw some notable winners. Cigarette stock Lorillard
(NYSE:LO) gained 1.92% to a lifetime high and, since anyone who still smokes knowingly signs up for a deal with the devil, an upgraded Bristol-Myers Squibb
(NYSE:BMY) advanced exactly 6.66% on encouraging results for its lung-cancer drug. That Georgia man who just saved beer from a burning house
might have been safer investing in Craft Brew Alliance
(NASDAQ:BREW) instead. It jumped 2.75% — on the anniversary of Prohibition
. The cover curse
remains alive and well, with SolarCity
(NASDAQ:SCTY) Chairman Elon Musk seeing that stock slump 1.81% even after a broker boost
. And here’s hoping birthday boy Bill Gates, who turned 58, didn’t celebrate in his (Corbis) man cave
, after its owner Iron Mountain
(NYSE:IRM) imploded 1.81%.
This morning the Federal Open Market Committee starts its two-day policy meeting in Washington, DC, with an interest rate announcement expected tomorrow at 2:00 p.m. Eastern. In earnings action, Archer Daniels Midland
(NYSE:ADM), BP plc
(NYSE:BP), Buffalo Wild Wings
(NASDAQ:BWLD), Deutsche Bank
(NYSE:DB), Electronic Arts
(NASDAQ:EA), Gilead Sciences
(NYSE:PFE), 3D Systems
(NYSE:DDD), UBS AG
(NYSE:UBS), US Steel
(NYSE:X), and Yelp Inc
(NASDAQ:YELP) are all due to release results.
Advanced Energy Industries
(NASDAQ:AEIS): AEIS is now Buy from Hold at Needham.
(AAPL:AAPL): Carl Icahn’s pet project
is raised to Outperform from Neutral at Robert W. Baird after its earnings announcement.
(NYSE:ARCO): The Argentine firm, which operates many McDonald’s
(NYSE:MCD) in Latin America, is lifted to Overweight from Neutral at JPMorgan.
(NYSE:GDOT): GDOT gets juiced to Overweight from Neutral at Piper Jaffray.
(OTCMKTS:IBDRY): Citigroup raises the Spanish energy outfit, up 1.05% yesterday, to Buy from Neutral.
(NYSE:RHT): The software stock is raised to Buy from Outperform at Crédit Agricole
(NASDAQ:YHOO): Shares get upgraded to Outperform from Perform by Sanford Bernstein.
(NASDAQ:ZGNX): The drug manufacturer is moved to Buy from Hold at Stifel.
(See also: New Stock Coverage: Halloween Almost Here, Potbelly Serves Some Wicked 'Wichcraft
and Stock Downgrades: Hope and Change? Changyou.com Ain’t Seeing It
No positions in stocks mentioned.
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