Ben Bernanke, who becomes an old fogy of 60 this week (and on
Friday the 13th, worse luck), can hardly be blamed for being
curmudgeonly. Amid fears the Fed is about to remove the punch bowl,
the party in US stock markets abruptly ended. Thus did the
S&P 500 Index
(INDEXSP:.INX) each snap eight-week winning streaks. Upbeat data,
which on Wall Street is often bad news, included the unemployment
rate falling to a five-year low and GDP showing surprising
strength. An awful lot of the latter was, admittedly, inventory
build, but an unconcerned Uncle Sam seems to be saying "
Don't worry, be happy
), up 7.5% last month, gained another 4.6% in hitting a historic
high last week, much to the ire of Bill Ackman. He vows to haunt
the company "
to the end of the Earth
Lands' End was quite far enough for
), which showed us its 'softer side' in tumbling 24%.
Last week's torrid pace of economic announcements cools off
considerably, with no top-tier data due this morning. In terms of
other events that may move US markets and impact specific stocks,
) each release results on Monday.
): JPMorgan starts the stock at an Overweight. Its price objective
American Airlines parent
actor John Hamm
, is all set to start trading today on the
(INDEXNASDAQ:.IXIC) under ticker symbol "AAL." The carrier, which
survived bankruptcy and is merging with US Airways Group, is begun
with a bullish Buy at Deutsche Bank, whose target price is $35. CRT
Capital also assigns a Buy on what will be the world's largest air
Archer Daniels Midland
(ADM): Shares are a new Neutral at Credit Suisse.
Armstrong World Industries
(AWI): Goldman Sachs starts the stock at a Buy at Goldman. Its
target is $68.
(ATHN): The stock is a new Overweight at JPMorgan, whose target is
(BRX): Shares are an Outperform at RBC Capital, which cites
upgrades to its portfolio.
(CHGG): The online textbook rental firm is a fresh Overweight at
JPMorgan, whose objective is $13.
(EROS): Stock in Eros International is a new Buy at Jefferies,
whose target is $14. Eros International is a British-based movie
Fortune Brands Home & Security
(FBHS): Stock in Fortune Brands is a new Neutral at Goldman Sachs.
(HLT): The stock is a new Neutral at Atlantic Equities, though it's
$2 billion-plus IPO is not due to price until this Thursday.
(LULU): LULU is launched with a Neutral at Wedbush.
Black & Decker
(SWK): Shares are a Neutral at Credit Suisse.
Tandem Diabetes Care
(TNDM): Piper Jaffray picks up the stock at Overweight.
(TJX): Shares are initiated with an Overweight at Atlantic
Stock Upgrades: Time to Drink the Kool-Aid on
Stock Downgrades: Dean Foods Is on Santa's