The Jonas Brothers, who just broke up
, and the Collyer Brothers, historic hoarders
who saw Container Store
(NYSE:TCS) surge 101.11% on Friday — had better weeks. But, for the rest of us, Lehman Brothers are but a fast-fading bad dream. US markets hit fresh historic highs, as a month that began with a governmental ghost town and ended on Halloween raised investors’ spirits. S&P 500
(INDEXSP:.INX) stocks rose 5% in October, even as Facebook
(NASDAQ:FB) fell 4.2% on the week. The social networking name will one day have more deceased profiles than live ones
; its stock now looks like dead money after a robust recent run. In a spooky trading week that ended with the Day of the Dead
, there was no dead-cat bounce
(NASDAQ:DELL), and its delisting made kitty seriously pissed
. Europe’s PIIGS are suddenly in better health
, yet Spanish sausage maker Viscofan
(MCE:VIS) still plunged 9.6%, with that stock enduring its worst week for over half a decade. And don’t expect cosmetics company Avon Products
(NYSE:AVP) to put lipstick on any tapirs; its shares imploded 17%.
In terms of events that may move markets today, at 10:00 a.m. Eastern August and September factory orders are each released. On the earnings front, several specific stocks could be impacted by quarterly earnings announcements. These include Anadarko Petroleum
(NYSE:APC), CF Industries
(NYSE:CF), Goodrich Petroleum
(NYSE:HTZ), HSBC Holdings
(NYSE:K), Marathon Oil
(NYSE:MRO), Office Depot
(NYSE:OMX), Pioneer Natural Resources
(NYSE:PXD), Plains All American Pipeline
(NYSE:PAA), and Tenet Healthcare
(NYSE:AFL): The currently-convalescing AFLAC duck
— let’s hope its doctor isn’t a quack — gets downgraded to Neutral from Buy at Citigroup. Insurance outfit AFLAC officially stands for “American Family Life Assurance Company” but today, such $10 words are likely off the table.
(NYSE:ANH): Shares are moved to Market Perform from Outperform by Keefe Bruyette.
(NYSE:AZN): UBS reduces the European pharmaceutical firm to Neutral from Buy.
(NYSE:BPI): The stock gets slashed to Sell from Hold at Deutsche Bank.
(NYSE:CPN): Jefferies lowers the electric utility to Hold from Buy. Its price objective, previously $23.50, is trimmed to $21.
Computer Programs & Systems
(NASDAQ:CPSI): Shares get reduced to Outperform from Strong Buy at Raymond James.
(OTCMKTS:DANOY): Danone, best known for its yogurt, is now Neutral from Buy at Goldman Sachs. As a result of the analyst’s action, stock in Danone is trading lower overseas as we speak.
Digital Realty Trust
(NYSE:DLR): DLR is downgraded to Neutral from Outperform at Robert W. Baird due to valuation issues. Its target price is also taken lower, to $48 from $69.
(NYSE:GPS): Suit yourself. Goldman Sachs slashes The Gap, king of casual Fridays, to Neutral from Buy. The Gap has been fairly flat over the past year, returning only 4.76%.
(NYSE:MPC): MRO is moved to In-Line from Outperform at Imperial Capital.
(NASDAQ:NTAP): NTAP is now Neutral from Overweight at Piper Jaffray.
(NYSE:RRC): Barclays reduces RRC to Underweight from Equal Weight.
(NYSE:RS): Goldman cuts the commodity company to Neutral from Buy.
(NYSE:RSG): The waste management company gets moved to Neutral from Outperform with Wedbush.
(NYSE:TEVA): TEVA was downgraded to Underweight from Neutral at JPMorgan.
(See also: New Stock Coverage: Save the Last Dance for SFX Entertainment
and Stock Upgrades: Party On, Red Sox Nation. Boston Beer Gets a Boost
No positions in stocks mentioned.
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