Wall Street, which began Veterans Day with a moment of silence, ended up making money talk most eloquently. US markets rose, with Dow
(INDEXDJX:.DJI) stocks hitting fresh records. Contrarians will, however, view a front page Wall Street Journal
article about the return of the retail investor
as the kiss of death, for that legendarily late-to-the-party cohort typically fights the last war. (Certainly, this bull run has done nothing for the newspaper itself, which just lost its crown to USA Today
and whose parent News Corp
(NASDAQ:NWSA) just reported a 2.8% tumble in first-quarter revenue.) Tribune Company
(OTCMKTS:TRBAB), whose Dewey-eyed headlines
are the stuff of history, gained 2.31% even as its hometown sinks
ever further into the abyss
. Nowadays of course we tend to get much of our news from Twitter
(NYSE:TWTR), where an ex-Journal
employee once wrote
“to all my haters im taking the next hour and a half off twitter will be at the gym stop by and say hello i might even hit u with a barbell.” (Gym giant Nautilus
(NYSE:NLS), mourning both the death of civility and the recent passing of a bodybuilding pioneer
, promptly tumbled 2.23%, even as last week’s much-touted micro-blogging IPO rose 3.00%.) Novartis
(NYSE:NVS), whose CEO’s house was once set ablaze
, advanced 0.70% after selling its diagnostics unit, and Tesla
(NASDAQ:TSLA), for whom the third fire was apparently the charm
, snapped a recent slump to jump 4.89%. And just in time for today’s conclusion of China’s Communist Party meeting, the owner of the Empire State
(NYSE:ESRT) Building — which lit it up for murderous Chairman Mao
even as it denied a similar honor to Mother Teresa — was picked up by two equity analysts
There isn’t any top-tier economic data due today to move US markets. In terms of specific stocks, Ascent Capital
(NASDAQ:ASCMA), Babcock & Wilcox
(NYSE:BWC), Dean Foods
(NYSE:DF), Dish Networks
(NASDAQ:DISH), DR Horton
(NASDAQ:SATS), MBIA Inc
(NASDAQ:PBPB), Sina Corp
(NASDAQ:VOD), and WuXi PharmaTech
(NYSE:WX) are all due to release results.
(NASDAQ:ATML): Oppenheimer assigns an Outperform investment opinion, and $10 price objective, on ATML.
Container Store Group Inc
(NYSE:TCS): The Container Store, a stellar recent initial public offering, is today begun with a Buy at Stifel. Texas-based The Container Store has been horrifying hoarders since 1978.
(NASDAQ:QCOM): Qualcomm is a new Buy at Jefferies. Over the past 12 months, stock in chipmaker Qualcomm is up 9.74%, substantially underperforming the broader S&P 500
(NYSE:THC): JPMorgan resumes the hospital operator at Overweight. Its target price is $50.
(NASDAQ:TRS): Shares are begun with a Buy at Deutsche Bank.
(NYSE:TWTR): Last week’s hot IPO, Twitter is today assigned new Neutrals by both Susquehanna and Robert W. Baird. The latter has a $48 objective on Twitter, and advises investors wait for a more attractive entry point before purchasing.
(NASDAQ:VECO): Canaccord covers the tech company at a Sell.
(NYSE:VJET): The German 3D printer firm is picked up with a Neutral at Piper Jaffray.
(See also: Stock Upgrades: SeaWorld Set to Make a Splash
and Stock Downgrades: Gogo Is Grounded
No positions in stocks mentioned.
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