“Remember, Remember the 5th of November” goes ye olde English expression
. Yet truth be told, yesterday was instantly forgettable for US stock markets. Granted, firearms firm Sturm Ruger
(NYSE:RGR) did mark the Gunpowder Plot anniversary by rising to a record high. But Guy Fawkes’ fireworks were met with a Bonfire of the Vanities
— or Vanity Fair, in Dan the man’s case
— elsewhere on Wall Street. Thus did the Dow
(INDEXDJX:.DJI) drop 0.13% in a desultory trading session. Exactly 408 years after the hero of Occupy Wall Street
attempted to blow up the Houses of Parliament, The White House once again rolled out the welcome mat
to we, the people who own it. Fat lot of good either event did the housing sector, which slid 1.8%, with a 2.18% tumble in D.R. Horton
(NYSE:DHI) stock especially noteworthy. Some equities did enjoy a better time of it. Ontario’s own BlackBerry
(NASDAQ:BBRY) slumped 16.41% on Monday, which had many shareholders dropping the f-bomb. (Fear not, for that is not actually a curse word in Canada
.) Yesterday, however, multiple broker boosts sent it up 2.69%. Also benefiting from an analyst upgrade
was Milanese media empire Mediaset
(OTCMKTS:MDIUY), owned by infamous inmate Silvio Berlusconi
. Goldman Sachs
(NYSE:GS), showing its sense of humor, raised it to “Conviction Buy.” Shares subsequently surged 2.92% to a whisker of a fresh 52-week peak. And speaking of whiskers, Supercuts owner Regis Corporation
(NYSE:RGS) advanced 3.87% as it emerged that European finance ministers require their services
. Being the incontinent of austerity and all, cost cuts are apparently all the rage.
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), Mondel?z 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:FWM): Stay away from its rodent-infested olive bar
, and you will do just fine with this gourmet grocer, today begun with a bullish Buy at Jefferies. Fairway Group, so beloved of snooty foodies, actually got its start as a humble fruit-and-veg stand during the depths of the Depression. The stock of Fairway Group is a relatively recent initial public offering, having only started to trade in April.
(NYSE:MHR): Imperial Capital assigns an In-Line opinion and $8 price objective on the stock.
(NASDAQ:MORN): Investment research provider Morningstar, Inc is picked up with a Market Perform at Keefe Bruyette. Competitors of Chicago-based Morningstar, Inc — an important player in mutual fund ratings — include Thomson Reuters
(NYSE:TRI) division Lipper.
Pattern Energy Group
(NASDAQ:PEGI): BMO Capital begins Outperform-rated coverage.
(NYSE:SJR): Shaw Communications is established with an Equal Weight by Barclays. Over the past year, shares in Shaw Communications have increased 10.15%.
(NYSE:TU): The stock is a new Overweight at Barclays.
(See also: Stock Upgrades: T-Mobile Is on the March
and Stock Downgrades: LeapFrog Is a Total Toad
No positions in stocks mentioned.
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