A month that
ended by honoring the patron saint of famously
, whose citizens hate losing money, and Greece, which is all out of
cash, had no problems making people rich. The
S&P 500 Index
(INDEXSP:.INX) rose 2.8% in November as both it and
(INDEXDJX:.DJI) rose to records.
) Elon Musk cursed his Space Exploration Technologies'
failure to launch on Thursday
, when markets were closed anyway (at least nothing caught on
fire). That aside, and if
Jon Stewart's brother will forgive the phrase
, stocks hitting fresh peaks has become
The Daily Show
. As for
(INDEXNASDAQ:.IXIC), it breached 4,000 for the first time since
2000, when we had a president who famously "felt your pain." (And a
good thing, too, with
) up 24.80% in the past five days alone.) How times have changed -
Bernie Madoff, Chairman of Nasdaq during the Clinton boom, now
spends his time
devouring Danielle Steel behind steel bars
. Unfortunately, his reading habits failed to help bookseller
Barnes & Noble
), which reported a 32% quarterly nosedive in its Nook revenue.
And, proving yet again that weather forecasters were created to
make economists look good, the Atlantic hurricane season - which
"experts" warned us would be cataclysmic -
came to a close with barely a whimper
Speaking of economic events that may move US markets today,
September and October construction spending, along with November's
Institute for Supply Management manufacturing index, are all
released at 10:00 a.m. Eastern. Regarding specific stocks, expect
earnings announcements out of
Ascena Retail Group
Cooper Tire & Rubber
Krispy Kreme Doughnuts
(APA): Goldman Sachs starts the stock at a Neutral.
(CUDA): Barracuda Networks is a new Overweight at JPMorgan. Its
price objective on Barracuda Networks, a recent initial public
offering, is $25.
(CST): The company, long known as Corner Store Holdings, is begun
with a Buy rating and $40 target price at Mizuho, which cites an
improvement in its merchandise margins.
: MLV & Co's Buys include
Rose Rock Midstream
(TLLP). Among its Holds are
(MM): Millennial Media is an Overweight at Evercore. Millennial
Media is a marketing services company.
): Something for everyone with
today. It is a new Neutral at JPMorgan ($40 target), a Buy at
Goldman ($46), and an Underperform at Bank of America-Merrill Lynch
($36.) Twitter went public last month and Goldman, for one,
believes it can monetize its robust user growth.
Stock Upgrades: Untold Riches in eBay's Attic
Stock Downgrades: It's Time for Groupon to Face the