With newspapers all the rage, the red ink was in black and white
on Wall Street, as
) 4.27% breakout to a half-decade high proved powerless to prevent
equities from enduring their worst day since a late-June swoon.
Jeff Bezos, who evidently enjoys investing in dinosaur industries
10,000 year clocks
in equal measure, hit double pay dirt as watchmaker
) surged 17.81% to top the entire
(^GSPC). (This only one day after it was the index's single poorest
performer. Never mind ten millenia - in finance, 24 hours is an
absolute eternity.) Monday was all about
, to quote the
title of America's top movie
, as firearms firms
Smith & Wesson
) rose a respective 2.56% and 6.27%. By Tuesday, it was the turn of
) jumping 6.35% to a fresh 52-week peak. Plain Jane's in Paris,
home to innumerable shotgun weddings as the world's most romantic
city, had the last laugh as the
Abercrombie & Fitch
(ANF) lost their shirts after a 4.05% fall.
There isn't any top-tier economic data due today, but quarterly
earnings announcements are expected out of
Green Mountain Coffee Roasters
(ATVI): Shares are begun with a Buy rating and $20.31 target price
at The Benchmark Company. Catalysts include its promising pipeline
of products and a strong management team.
Baxter International Inc.
(BAX): Goldman Sachs covers the company with a bullish Conviction
(ELGX): The medical instruments outfit is initiated with a Buy at
IGI Laboratories, Inc.
(IG): Roth Capital launches Buy-rated research on the biotech,
establishing a price objective of $3.50.
(NIHD): NIHD is a new Sell at Citigroup.
Plains All American
(PAA): Saying it sees recent share price weakness as a buying
opportunity, Oppenheimer picks up the stock at Outperform. Its
price objective is $65. (Separately, the stock was also upgraded at
Credit Suisse this morning.)
(SLF): Shares are started at Equal Weight by Barclays.
(VOD): Raymond James resumes the European telecom titan at
Outperform, sending it up ahead of the open.
Stock Upgrades: Yum Brands, Inc. Is Good Enough to
Stock Downgrades: Zillow Inc Is in Real Trouble