Today is the anniversary of Wall Street’s most famous headline
, about its most dire day. That was then, this is now — how things change. (Variety
is, after all, the spice of life.) On this October 29, in stark contrast to 1929′s date of infamy, Dow Industrials
(INDEXDJX:.DJI) and S&P 500
(INDEXSP:.INX) shares each reached historic peaks. Eighty-four years ago people jumped out of windows; yesterday Omnicom
(NYSE:OMC) was inspired by the man who fell to earth
, with the advertising giant advancing 0.75% on upbeat analyst comments
(INDEXNASDAQ:.IXIC) hasn’t fared quite as well as the other two indices, with five straight increases “only” taking it to a 13-year best. That still wasn’t too shabby, considering how it was frozen in time for much of Tuesday. Having exhausted its previous excuses of squirrels
, “human error
” got the blame this time. And it paid to be spic ‘n span, with Clorox
(NYSE:CLX), up 1.40%, WD-40 Company
(NASDAQ:WDFC), a 2.60% gainer, and Tide maker Procter & Gamble
(NYSE:PG), which rose 1.43%, all hitting lifetime highs. Guys, you do really want to start cleaning up
This afternoon, the Federal Open Market Committee concludes its two-day policy meeting. Hump Day of another busy quarterly earnings week is here, with Allstate
(NASDAQ:FB), General Motors
(NYSE:GM), Kraft Foods
(NASDAQ:SBUX), and Visa
(NYSE:V) all due to release results.
(NASDAQ:AEGR): FBR Capital begins the biotech with an Outperform opinion and $105 price objective amid optimism over its Juxtapid launch.
Dick’s Sporting Goods
(NYSE:DKS): The stock, up 1.31% yesterday, is initiated with a Hold at Jefferies.
(NASDAQ:ALKS) ($31 target price), Biogen Idec
(NASDAQ:BIIB) ($259), and Forest Labs
(NYSE:FRX) ($48) are all assigned Market Performs at FBR Capital.
(NYSE:ECL): UBS launches Buy-rated research on ECL.
(NYSE:KORS): The fashion firm, about to be added to the S&P 500 Index, is a fresh Buy at Maxim.
(NYSE:SKX): Brean Capital starts the sneaker stock at a Buy.
(See also: Stock Downgrades: US Steel Is No Superman
and Stock Upgrades: Electronic Arts Is Out of the Woods
No positions in stocks mentioned.
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