Even as the “Sexiest Woman Alive
” saw her main finance man
win elected office in New York, Wall Street was struck with an incurable case of Scarlett fever, with stocks snapping a two-session winning streak to end in the red. One can’t quibble with Ms. Johansson’s figure, but for the European Union, “math” is often a four-letter word
. Let’s hope that is the case again, for its increased unemployment estimate helped send US markets down, with the Dow
(INDEXDJX:.DJI) dropping 20.90 points. (That economically ravaged continent can somehow still spend $255 million on a couple of soccer players
but, last night, each did deliver.) Speaking of sums that don’t add up, the Royal Bank of Scotland’s
(NYSE:RBS) new CEO once failed a basic accounting exam. Twice
. Yesterday its stock tumbled 2.54% on a ratings reduction
. Scarlett’s French fiancé gave her quite the diamond bling ring but
sapphires are suddenly the best friend of investors everywhere after an upgraded GT Advanced Technologies
(NASDAQ:GTAT) gained 20.53% on news it will use the mineral at a new Apple Inc.
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.
(NASDAQ:ABCO): Raymond James reduces its recommendation to Market Perform from Outperform.
(OTCMKTS:AAMRQ): The parent of American Airlines is now Neutral from Overweight at JPMorgan
(NYSE:BRY): Shares get downgraded to Hold from Buy with Wunderlich due to valuation.
Buffalo Wild Wings
(NASDAQ:BWLD): Sky-high valuation issues also see Buffalo Wild Wings — up 14.13% last week alone — moved to Hold from Buy at Miller Tabak. Stock in Buffalo Wild Wings yesterday exceeded its $148-per-share price objective.
(NASDAQ:EXPD): Shares get slashed to Neutral from Buy at Goldman Sachs.
(NYSE:HK): Canaccord Genuity cuts the company to Hold from Buy. Its price target is also trimmed by $1 to $6.
(NYSE:LF): Another day, another downgrade
for LeapFrog Enterprises, an educational outfit indelibly associated with fabled financier Michael Milken. Citing concerns over holiday sales, Imperial Capital cut LeapFrog Enterprises — whose stock lost 7.96% yesterday — to In-Line from Outperform.
(NASDAQ:MXIM): MXIM is moved to Neutral from Buy at SunTrust.
Penn National Gaming
(NASDAQ:PENN): The stock, a particularly poor performer over the past year, is now Sector Perform from Outperform at RBC Capital. Its price objective, previously $49, goes to $15 after a real estate spin-off.
Pioneer Natural Resources
(NYSE:PXD): Shares are now Neutral from Buy at Sterne Agee.
Red Robin Gourmet Burgers
(NASDAQ:RRGB): With the stock trading atop historic highs, Bank of America-Merrill Lynch lowers its rating to Underperform from Neutral.
(NASDAQ:SZYM): The stock is now Neutral from Outperform at Credit Suisse.
(NYSE:THC): THC, yesterday’s worst S&P 500
(INDEXSP:.INX) stock with an 8.83% implosion, is today taken to Market Perform from Outperform at Wells Fargo.
(NYSE:UN): Consumer products powerhouse Unilever, whose ubiquitous brands include Ben & Jerry’s and Lipton, is now Neutral from Buy at Nomura. Over the past year, stock in Unilever is up 7.40%.
(NASDAQ:VVUS): The diet drug darling is now Neutral from Buy at Bank of America-Merrill.
(NASDAQ:ZAGG): JPMorgan moves the stock to Neutral from Overweight.
(See also: New Stock Coverage: Sick of the Rat Race? Make Some Fast Money in Fairway
and Stock Upgrades: T-Mobile Is on the March
No positions in stocks mentioned.
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