(INDEXNIKKEI:NI225) was closed Monday on account of Respect for the
Aged Day but, as befitted the
most popular birth-date all year
, September 16 saw the market embark upon the mother of all bull
(INDEXDJX:.DJI) again advanced by triple digits despite yet another
trading glitch, this time involving the options feeds from
exchanges including Bats Global Markets. They know
all about bats in Austin
of course, and yesterday hometown hero
) hit a historic high after increasing for an astonishing twelfth
straight session. Whatever produce is being purchased in its
) are obviously excluded. Shares slumped an
S&P 500 Index
(INDEXSP:.INX)-worst 3.18% in continuing their post-iPhone
announcement funk. Adding to its angst,
) reached a fresh peak. Elsewhere
Bill Gates and Warren Buffett again topped the rich
, but the billionaires were probably too
busy playing bridge
Today in Washington, DC, the Federal Open Market Committee starts
its two-day policy meeting on interest rates. In earnings action,
FactSet Research Systems
(OTCMKTS:PRDSY) are all expected to release results.
(AIN): DA Davidson starts the textile stock with a Buy rating and
$43 target price, citing its healthy cash flow and proprietary
(AUXL): Goldman Sachs has a fresh Buy on the biopharmaceutical
Envision Healthcare Holdings
(EVHC): The stock is a new Overweight at Piper Jaffray, whose
target is $32.
(XONE): Credit Suisse covers the diversified machinery outfit at
Underperform, assigning it an objective of $48.
(FC): Shares are established with a Buy recommendation and $23
price target at B. Riley & Co., which cites both strong growth
and high margins.
(MTG): JMP Securities starts the insurance outfit at a Market
Rally Software Development
(RALY): RALY is resumed with a Buy rating and $38 price objective
at Wunderlich, which highlights its highly recurring revenue model.
: Real Estate Investment Trusts
(HTS) are each begun with Buys at MLV & Co, whose respective
price objectives are $9 and $21. Attractive valuations, allied to
relatively high dividend yields, are among the favorable factors.
3D Systems Corporation
(DDD): The 3D printing powerhouse, whose shares have surged 90.15%
in the past year, is advancing further ahead of the open after
getting picked up with an Outperform at Credit Suisse. Its price
target is $62.
Stock Upgrades: Church & Dwight Provides Portfolio
Stock Downgrades: Fifth Third Is at Sixes and