Lions and tigers and bears? Well, as Meatloaf once said, two out of three ain’t bad. We had paper tigers
, and Asian tigers
, and Tony the Tiger
. (Not forgetting a golf shot heard ’round the world from Mr. Woods
(BBW:NYSE), meanwhile, finished at a fresh 52-week peak to take its 12-month increase to an even 144.00%. But, with all due respect to Katy Perry’s current chart-topper
, I’d be a lying king if I told you equities yesterday returned to the Roaring Twenties. No, US markets meandered, with stocks falling ever so slightly in anemic trading action. On a day AT&T Inc.
(NYSE:T) dropped a Dow
(INDEXDJX:.DJI)-worst 2.52%, Morgan Stanley’s
(NYSE:MS) money men were saying “Sorry, wrong number
” after a departing broker left them in the lurch
. (You could look it up but, with Yellow Pages publisher Dex Media
(NASDAQ:DXM) tumbling 29.78% to an all-time low, now’s probably not the time.) Elsewhere, AOL, Inc.
(NYSE:AOL), whose $160 billion acquisition 10 days into the millennium
was an indication Mr. Market had lost his mind, turned back time to gain 8.52%. The year 2000 truly was eons ago, back when Marshall Mathers was big
In terms of events that may move markets this morning, September leading economic indicators are expected to come in essentially unchanged at 10:00 a.m. Eastern. Regarding specific stocks, AngloGold
(NYSE:AU), CBS Corp
(NYSE:CBS), Duke Energy
(NYSE:HUM), Mondelez International
(NASDAQ:QCOM), Ralph Lauren
(NYSE:RL), Time Warner
(NYSE:TWX), Toyota Motor
(NYSE:TM), and Whole Foods Market
(NASDAQ:WFM) are all due to announce earnings.
(NYSE:CAH): Sterne Agee boosts the stock to Buy from Neutral, sending it up before the bell.
(NYSE:ECA): Bank of America-Merrill Lynch lifts its investment assessment to Neutral from Underperform.
(NASDAQ:ENDP): ENDP gets increased to Hold from Sell at Cantor Fitrzgerald. Its price objective, previously $30, is now $54.
(NASDAQ:HBHC): SunTrust takes the stock to Buy from Neutral.
(NYSE:HST): HST is hoisted to Buy from Neutral at SunTrust.
(NASDAQ:ININ): The name is now Outperform from Perform at Northland Capital, whose target price is also taken up by $15 to $78 from $63 after its earnings announcement.
(NYSE:ODP): Office Depot, whose stock has surged 125.10% in 12 months, is raised to Buy from Neutral at B. Riley. Office Depot is currently closing in on a combination with OfficeMax
(NYSE:OMX). The broker sees impressive merger synergies as a result.
(NASDAQ:OPEN): Shares, up better than 4% this morning, are moved to Hold from Sell at Craig-Hallum.
(NYSE:PIKE): Shares, which yesterday tumbled 12.71%, are juiced to Buy from Neutral at Janney.
(OTCMKTS:RYAAY): Budget Irish air carrier Ryanair Holdings, which just endured its worst day for half a decade, is boosted to Buy from Neutral at Nomura. Even allowing for its recent wobble, stock in Ryanair Holdings is still up 36.19% in the past year.
(NYSE:SCCO): The stock is moved to Market Perform from Underperform at Cowen.
(NYSE:TMUS): T-Mobile US is taken to Buy from Hold at Canaccord Genuity after its impressive third quarter earnings. Separately, T-Mobile US — whose stock is at a fresh 52-week peak as we speak — sees its price objective boosted by $3 to $33 at Hudson Square Research.
(See also: New Stock Coverage: Sick of the Rat Race? Make Some Fast Money in Fairway
and Stock Downgrades: LeapFrog Is a Total Toad
No positions in stocks mentioned.
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