The seriously spooky Edgar Allan Poe once wrote a haunting poem called The Bells
but, by the time Halloween’s closing chimes rang out on Wall Street, investors didn’t have much to fear. Granted, Dow Industrials
(INDEXDJX:.DJI) did end October with a drop, but both it and the S&P 500 Index
(INDEXSP:.INX) advanced impressively in October. Six years to the day after Meredith Whitney gave markets a serious fright with her downgrade
(NYSE:C), her professional wrestler hubbie
saw World Wrestling Entertainment
(NYSE:WWE) surge 9.38% to a fresh 52-week peak. Skullcandy
(NASDAQ:SKUL) similarly gained 1.29%,and Death on the Blue Nile
(NASDAQ:NILE) also paid on the day of the dead. It advanced 1.16%, even as a hedge fund heavyweight who calls Herbalife
(NYSE:HLF) a pyramid scheme sent that stock down 3.57% after hiding his Halloween mask under a Robin Hood
. Watch this space; Tut’s mummy may yet exact more revenge on the nutritional supplements stock.
Today in economics, October’s Institute for Supply Management manufacturing index is expected to slip from September’s pace at 10:00 a.m. Eastern. Another frenzied week for quarterly earnings announcements concludes with results expected out of Berkshire Hathaway
(NYSE:CVX), Madison Square Garden
(NASDAQ:MSG), Portland General Electric
(NYSE:POR), Washington Post
(NYSE:WPO), and Royal Bank of Scotland Group
(NYSEMKT:ISR): Maxim assigns a Buy on the speculative micro-cap stock.
((NYSEMKT:TXMD): The drug maker is begun with a Buy at Stifel.
Vestas Wind Systems
(OTCMKTS:VWDRY): The answer is indeed Blowin’ in the Wind, but it’ll cost you
. Société Générale starts the Danish turbine titan, whose shares are up about 126% in the past 6 months alone, at a Buy.
(See also: Stock Upgrades: Green Ink for Green Dot and Greenbrier
and Stock Downgrades: Someone Just Put Bebe in a Corner
No positions in stocks mentioned.
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