The World Series is over, but Beantown and St. Louis continue hitting home runs for US stocks. Markets rose again, inspired by an upgrade-related
2.39% rise in Boston Beer
(NYSE:SAM) and favorable comments from Show-Me State Fed head James Bullard, who is sending some ale Sam Malone’s way after losing his baseball bet
. It was a tale of two Teutons as Alcoa’s
(NYSE:AA) Klaus Kleinfeld saw his stock, recently booted from the Dow
(INDEXDJX:.DJI), surge some 7.01%. This as BlackBerry
(NASDAQ:BBRY) bid Thorsten Heins adieu by shaving 16.41% off his exorbitant-enough exit package. Over in Germany itself, a hoarder's paradise revealed an astonishing treasure trove of Nazi-looted art
. With clutter apparently in again — a new cartoon in The New Yorker suggested organization is overrated
— the Container Store
(NYSE:TCS) — up 101.11% on its Friday debut — fell back down to earth with a 2.35% tumble. And stock in banana behemoth Chiquita Brands
(NYSE:CQB) slumped 1.61%. If you think that was scary, then along came a spider
In terms of events that may move US markets this morning, today at 10:00 a.m. Eastern, economists call for a fall in The Institute for Supply Management’s September services index. Regarding specific stocks, expect quarterly earnings announcements out of AOL Inc.
(NYSE:AOL), BMW Group
(OTCMKTS:BAMXY), CVS Caremark
(NYSE:CVS), LiveNation Entertainment
(NYSE:LYV), Michael Kors
(NASDAQ:OPEN), Sturm Ruger
(NYSE:RGR), Tesla Motors
(NYSE:TMUS), Twenty-First Century Fox
(NASDAQ:FOXA), and Zillow
Advertising & Media
: FBR Capital has Market Performs on Meredith
(NYSE:MDP) and News Corp
(NASDAQ:NWSA), assigning respective price objectives of $49 and $18.50. It establishes Outperforms on USA Today
(NYSE:GCI), Lamar Advertising
(NASDAQ:LAMR) ($57 target price), and Valassis
(NYSE:KOF): Barclays begins the Mexican bottler at an Equal Weight. Its objective is $140.
(NYSE:FDS): Financial information provider FDS is a fresh Equal Weight at Barclays, whose target is $115.
(NASDAQ:HBHC): Evercore has an Equal Weight on HBHC.
(NASDAQ:LPTN): The small cap gets launched with a Buy and $13 target MLV & Co, which says its potential wet Macular Degeneration treatment iSONEP has promise.
New York Times
(NYSE:NYT): The New York Times stock is a new Outperform ($13 target) at FBR Capital. The New York Times’ successful digital subscription model and revenue stream are somewhat mitigated by paywall issues, in the bank’s view.
(NYSE:RGC): Regal Entertainment is initiated with a Market Perform at FBR Capital. Over the past year, stock in Regal Entertainment has returned roughly 23%.
(NYSE:SPN): Shares are begun with a Buy at Deutsche Bank.
(NYSE:TRI): The stock is an Equal Weight at Barclays, whose target is $40.
TV Shopping Sector
: FBR Capital has a Market Perform and $58 target price on Home Shopping Network pioneer HSN, Inc.
(NASDAQ:HSNI). It is more optimistic on Liberty Ventures
(NASDAQ:LVNTA), initiated with an Outperform and $140 objective.
(NYSE:TWTR): Twitter stock, whose highly anticipated initial public offering is almost upon us, is initiated with a Buy at CRT Capital. Twitter recently increased the top end of its expected IPO range to $25 per share.
(See also: Stock Upgrades: HSBC Holdings Rides The Asian Tiger
and Stock Downgrades: Troubled Times for Kellogg’s Tony the Tiger
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.