Despite, or perhaps because of, the government shutdown, Wall
Street witnessed the return of the bull. Which is just as well, for
if you wanted to see
panda bears in Washington, you were all out of
. With the
S&P 500 Index
(INDEXSP:.INX) snapping its slump investors were only too happy to
lose their minds as
) - called a "
" by Carl Icahn and "The
no-brainer in the history of the Earth
" by Bill Miller - advanced 2.35%. Meanwhile
) jumped 4.98% despite Uncle Carl admitting that he "won't say it's
a no-brainer" after a stellar recent run. His arch enemy
Bill Ackman, he of the 1530 SAT score
, is quite a clever clogs himself, although
made him look distinctly dumb
. Yesterday the beleaguered retailer took its one-week tumble to
over 30% on another
brain food was quite literally off the menu
), which nosedived 9.72% after its CEO warned of walnuts, "We will
have somewhat less supply to sell than last year." And
) will have to start its revolution without Congress, whose bright
idea was to award its
government affordability prize to a $50 light
. It rose 50.98% to top the
No top-tier economic data due today, and even if there were,
good luck hearing about it
thanks to Uncle Sam's shutdown. Corporate earnings announcements
are due to include
Apparel & Accessories
Abercrombie & Fitch Co.
(ANF), whose stock deservedly spent some time in the sin bin after
seriously stupid "cool kids" comment from its
earlier in the year, is assigned an Outperform at FBR Capital. Its
still-strong brand and good margin potential are each cited.
(URBN) scores an identically upbeat recommendation, but both
American Eagle Outfitters
(AEO) only rate a Market Perform.
(CAB): William Blair covers the supplier of hunting and shooting
equipment at Market Perform.
(HOLX): Needham has a new Buy, and $26 target price, on HOLX.
(IMAX): The Benchmark Company has a Hold opinion and $29.42 target
on the cinema stock, for whom good international growth prospects
are offset by overly optimistic consensus earnings estimates.
(PVG): PVG is picked up with a Buy at Roth Capital, whose price
objective is $18.
(PL): Barclays begins the insurance equity at Overweight with a $52
(SANM): Goldman Sachs starts the electronics outfit at a Sell.
(SIG): Shares are initiated with a Buy at Topeka.
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