Feathers — Twitter
(NYSE:TWTR) surged 72.69% on its IPO — and feather beds —Tempur Sealy
(NYSE:TPX) jumped 12.09% — each fared just fine yesterday. (And who could forget you, rubber ducky
?) Otherwise, however, investors were well advised to stuff money in mattresses as US stock markets endured their single worst session since August. Twitter was the talk of the town, attracting bullish buy initiations
. As, indeed, did budget air carrier EasyJet
(OTCMKTS:ESYJY), founded by Cypriot Sir Stelios Haji-Ioannou. But economic angst in his country, so horrible to songbirds
, is now apparently yesterday’s news. Mondelez
(NASDAQ:MDLZ), whose Oreos are as addictive as cocaine to rats
, fell 4.04%, and Fairway Group
(NASDAQ:FWM), which knows all about rodents
, tumbled 21.64%. Meanwhile mice fared no better, with Whole Foods
(NASDAQ:WFM) — home to the critters
— imploding 11.18% and Mouse House Walt Disney
(NYSE:DIS) dropping 2.68%.
In terms of economic events that may move US markets this morning, the Reuters/University of Michigan preliminary consumer sentiment index for November is expected to improve from October’s final figure at 9:55 a.m. Eastern. Regarding specific stocks, Atlas Energy
(NYSE:CVC), Compagnie Financière Richemont
(VTX:CFR), Leap Wireless
(NASDAQ:LEAP), Lions Gate Entertainment
(NYSE:TEF), and Xinyuan Real Estate
(NYSE:XIN) are all due to announce earnings.
(OTCMKTS:BAESY): Shares are cut to Hold from Buy at Investec.
(NYSE:CCH): Barclays reduces the bottling behemoth to Equal Weight from Overweight.
(NYSE:DE): Bank of America-Merrill Lynch lowers to Neutral from Buy.
LVMH Moët Hennessy-Louis Vuitton
(OTCMKTS:LVMUY): With France freshly downgraded
, this is no time to be buying pricey Parisian haute couture
. Raymond James reduces its rating on the last word in luxury to a still-bullish Outperform from Strong Buy.
(NASDAQ:RDA): Amid merger doldrums, RDA was taken to Neutral from Buy at DA Davidson. Its price objective is $18.
(NYSE:THI): Canaccord Genuity cuts Canadian coffee and doughnut king Tim Hortons to Hold from Buy. Shares of Tim Hortons, co-founded by a Canuck hockey icon tragically killed in a 1974 car crash, have recently hit historic highs.
(NYSE:TRMR): So this week, I heard on the radio someone killed the video star
. Tremor Video, which imploded 8.77% yesterday, is today taken to Hold from Buy at Canaccord Genuity. Its concerns regarding Tremor Video include iffy third quarter earnings and uninspiring forward guidance.
(NYSE:UAL): Barclays lowers the airline to Underweight from Equal Weight.
Whole Foods Market
(NASDAQ:WFM): More bad news for Whole Foods, the gourmet grocer that gapped down 11.18% yesterday. This morning Goldman Sachs, whose expensively remunerated employees are fortunate enough to be able to afford a trip to ‘Whole Paycheck,’ cuts it rating from to Neutral from Buy. Even after Thursday’s swoon, Whole Foods shares are still up 19.38% since November 2012.
(NASDAQ:WIN): Morgan Stanley moves the stock to Underweight from Equal-Weight.
(See also: New Stock Coverage: Is McDonald’s, Much Like the French, Fried?
and Stock Upgrades: Scotts Miracle-Gro Not Going to Pot
No positions in stocks mentioned.
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