Markets rose to begin September although equities ended well off
their highs, unable to maintain a fabulous Finnish-inspired start.
) jumped 31.28%, with an honorable mention to an upgrade-inspired
2.53% advance in
). Shares pared an earlier rally after John Boehner, no stranger to
tears, went with the White House in agreeing to oust the
ophthalmologist dictator of Damascus. (For what it was worth,
) added on 4.70% and Eylea vision drug owner
) gained an
(INDEXSP:.INX)-best 6.95%.) With conflict looming, Lord Nathan
Rothschild's iconic advice from 1810 - "Buy to the sound of
cannons, sell to the sound of trumpets" - proved pretty prescient
) advanced 4.85%. War is hell but how about those pennies from
(JCP) jumped 1.92% after Bill Ackman's exit even as
his arch enemy Carl Icahn sent
2.74% in extended trading.
Today in economic data, the Federal Reserve's beige book detailing
regional financial conditions in a dozen districts is released at
2:00 p.m. Eastern. On the quarterly earnings front,
(SAI) are all due to report results.
(AAPL): Cantor Fitzgerald covers the company with a Buy rating and
assigns an awfully symmetrical $777 price objective. The tech titan
is now "in the midst of a recovery," analysts wrote in a note.
Archer Daniels Midland
(ADM): Goldman Sachs starts the agribusiness giant at a Buy.
Associated Estates Realty
(AEC): The residential Real Estate Investment Trust is begun with a
Buy recommendation and $18 price objective at MLV & Co, which
lauds its operational execution, improving portfolio, and 5.5%
(CNMD): Needham has a new Buy and $37 target price on a medical
appliance outfit it says should benefit from healthcare reform.
Energy Limited Partnerships:
Oppenheimer picks up
(XTEX) at Perform and assigns Outperforms on
EQT Midstream Partners
(HAL): Credit Suisse has an Outperform on the oil services stock.
Insurance: Property & Casualty CNA Financial
(L) are each begun with Buys at Deutsche Bank.
Mueller Water Products
(MWA): Shares are initiated at an Outperform with Wedbush.
Norwegian Cruise Line
(NCLH): Susquehanna picks up the company with a Positive rating.
Regal Entertainment Group
(RGC): Benchmark Company has a Hold and $17.72 objective on the
cinema stock. An impressive management team is offset by box office
volatility, in the broker's estimation.
(RH): Janney resumes Buy-rated research on RH.
Something for everyone at Goldman Sachs. Its starts
(KSS) at a Sell but begins Buys on both
(ROST). The bank has new Neutrals on
(JCP), still reeling from the acrimonious tenure of activist
investor Bill Ackman,
(CODE): The semiconductor stock is started at an Outperform with
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