Sixteen thousand — the number of US military advisers in Vietnam the day JFK touched down in Dallas — haunts us anew five decades on. For a second straight session the Dow
(INDEXDJX:.DJI) failed to close above that milestone, and the losing streak for US stock markets now stands at three days. At a time Dealey Plaza echoes are everywhere, fast-food firm Brinker International
(NYSE:EAT) — based in the Big D — bucked a bad tape to gain 0.65%, a historic high. The Chili’s owner was founded in 1977, the year that bloodstained Ford
(NYSE:F) was finally retired. With equities unable to reproduce recent records, Xerox
(NYSE:XRX) — whose first photocopier arrived in that fateful year of 1963
— tumbled 2.14%. 1927 was an equally iconic annum in American history — someone really ought to write a book about it one day
— and La-Z-Boy
(NYSE:LZB), established that year, rose 9.83% to finish at a fresh 52-week peak.
In terms of economic events that may move US markets this morning, analysts expect a fall in November’s Philadelphia Fed Index at 10:00 a.m. Eastern. Regarding specific stocks, Abercrombie & Fitch
(NYSE:ANF), Dollar Tree
(NASDAQ:DLTR) Gap Inc
(NASDAQ:P), Ross Stores
(NASDAQ:ROST), Sears Holdings
(NYSE:TGT), and The Fresh Market
(NASDAQ:TFM) are all due to report quarterly results.
(NYSE:AGU): Raymond James resumes Outperform-rated research on AGU.
: Jefferies has a Buy on Honda Motor
(NYSE:HMC) but is less bullish on Hold-rated Toyota Motor
Charles River Laboratories
(NYSE:CRL): CRL is covered with a Hold at Deutsche Bank.
Check Point Software
(NASDAQ:CHKP): Barclays begins an Overweight on the stock.
(NYSE:CVS): Shares are a Hold at Deutsche Bank.
(NYSE:DSX): Maxim rolls out Buy-rated research on the tanker titan, which tumbled 3.85% yesterday.
(NYSE:EVER): EverBank is assigned an Overweight by Barclays.
(NASDAQ:FB): Geeks need not apply. The social networking name is, if a recent ranking of New York’s “hottest employees”
to be believed, staffed entirely by male models. Equally handsome profits may come your way if you invest in its stock, according to FBR Capital. It begins covering Facebook at Outperform, assigning a price objective of $60. Facebook is becoming ever more attractive to marketers, the bank believes.
(NYSE:IT): Amid earnings per share growth concerns shares get assigned a lukewarm Perform at FBR Capital, whose target price is $67.
(NYSE:LNKD): LNKD is also launched with a Perform at FBR Capital, whose objective is $214. Slowing fourth-quarter revenue represents a near-term challenge, according to the brokerage.
(NYSE:MWW): Monster Worldwide is an Outperform at FBR Capital, which cites both a more solid environment in Europe and enhanced share buybacks. Its Monster Worldwide price target is $7.
(NYSE:RAD): Rite Aid is assigned an Outperform at Imperial Capital. Its price target on Ride Aid, whose shares have surged 400% in the past year, is $6.50.
(NYSE:TRI): The media outfit is established at an Outperform ($44 price objective) at FBR Capital amid its improved execution.
(NYSE:UNH): Morgan Stanley starts the Dow stock at Overweight.
(NYSE:WAG): Shares are a fresh Buy at Deutsche Bank.
(See also: Stock Upgrades: Green Mountain Far From Over the Hill
and Stock Downgrades: Lights Out for Philip Morris
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.