Not the most fitting farewell for the New York Stock Exchange
, whose history began under a Buttonwood tree in 1792 and ended by sending Twitter’s
(NYSE:TWTR) bluebird skyward in 2013. Its last day as an independent entity was notable only for light volume and stocks snapping a two-session winning streak. The Dow
(INDEXDJX:.DJI) dropped along with other US markets on a day that saw some heavy losses. The New York Times
(NYSE:NYT), which once trashed Tesla Motors
(NASDAQ:TSLA), invited the car company to its annual DealBook conference. (The scathing review occurred as far back as February, so perhaps Mr. Musk can not recall it
. Regardless, his stock still fell 4.77%.) Communist China concluded its own confab, safe in the knowledge it will soon overtake the heartland of capitalism economically
. Though you would never know it, based on the paltry amount it just gave those poor citizens of the Philippines
. And on 11/12/13, the year’s top day to get married, Match.com parent InterActiveCorp
(NASDAQ:IACI) gained 1.83% to a historic high. Because, while love hurts, it isn’t as painful as having an affair
In terms of economic events that may move US markets today, at 2:00 p.m. Eastern the Treasury’s October budget deficit is seen shrinking from September’s figure. Regarding specific stocks, earnings announcements are expected out of Ahold
(OTCMKTS:AHONY), Canadian Solar
(NASDAQ:CSIQ), Cisco Systems
(NASDAQ:XONE), GDF Suez
(OTCMKTS:GDFZY), Kinross Gold
(NASDAQ:NTES), and SeaWorld
(NYSE:ATK): ATK is upgraded to Outperform from Neutral at Credit Suisse.
(NASDAQ:HTLD): Shares are moved to Outperform from Market Perform with Wells Fargo.
(OTCMKTS:NHYDY): Citigroup increases the energy outfit to Neutral from Sell.
(NYSE:NS): The limited partnership gets lifted to Neutral from Underperform at Credit Suisse.
NuStar GP Holdings
(NYSE:NSH): NSH is now Neutral from Underperform at Credit Suisse
(NASDAQ:QCOM): Chip stock Qualcomm is added to the Conviction Buy list at Goldman Sachs. Qualcomm stock is up 11.18% in the past 12 months.
(NYSE:RHT): Software stock Red Hat gets raised Overweight from Neutral at Piper Jaffray. Red Hat stock has slumped 6.16% since November 2012.
(NYSE:RIG): RIG is raised to Buy from Neutral at Guggenheim. Its price objective, previously $56, increases to $70.
(NYSE:X): US Steel is moved to Overweight from Equal-Weight at Morgan Stanley, which cites improving profit margins. As a result, shares of US Steel are up impressively ahead of this morning’s opening bell.
(NYSE:WNR): Shares are now Buy from Neutral at UBS.
(See also: Stock Downgrades: How Now Brown Cash Cow? Dean Foods Cries Over Spilled Milk
and New Stock Coverage: Bottom Line, Lululemon Is No Longer Flying by the Seat of Its Pants
No positions in stocks mentioned.
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