"Buy when it snows, sell when it goes," says the old Wall Street
New York's first snowfall of the season
saw investors sell stocks. (
ICE obviously wasn't nice
.) US markets slipped, with Mr.
(INDEXDJX:.DJI) unable to keep up with Mr. Smith, whose
) gained 1.59% after
Dan the man took a fancy
. Mr. Loeb, clearly in a charitable mood, is
now even making nice with Clooney
, his erstwhile enemy. Similarly strange bedfellows were seen when
New York Times
took four decades to admit it erred in saying
rockets don't work
, invited Mr. SpaceX Rocket man himself to its DealBook conference.
, as they say;
) promptly tanked 4.77%. Match.com owner
), up 1.83%, hit a lifetime high, and on the
year's top day for tying the knot
. (Just make sure it ain't a shotgun wedding, especially if you are
octogenarian trying to kill your spouse
.) Blockbuster owner
) jumped 6.00% to levels last seen in May 2000.
Is this the end?
It sure is for
(TRMR), which tumbled 8.62% to a historic trough.
In terms of economic events that may move US markets today, at 2:00
p.m. Eastern the Treasury's October budget deficit is seen
shrinking from September's figure. Regarding specific stocks,
earnings announcements are expected out of
: FBR Capital assigns Outperforms on
Las Vegas Sands
(LVS) ($80 price objective) and
(MGM) ($25.) Its Market Performs include
(WYNN), whose target price is $175. Steve Wynn's Wynn Resorts sees
potential in the booming Macau gambling market. In the past year,
shares of Wynn Resorts are up 55.82%.
(FLML): Shares are a fresh Buy at Janney, whose objective is $11.
(SJM): Jam and jelly giant J.M. Smucker is a new Neutral at Neutral
at Credit Suisse. The price objective on J.M. Smucker is $115.
(LULU): Lululemon Athletica, which - you may recall -
had a sheer pants problem
, is begun with a bullish Overweight at JP Morgan. Canadian company
Lululemon Athletica makes yoga apparel. JP Morgan says Lululemon
Athletica should see both top and - oh dear - bottom line growth
improve. As a result, the stock is up before the bell.
: FBR initiates Outperforms on
(HUM), and new Dow member
(SPLK): Jefferies has a Hold on SPLK.
Stock Upgrades: US Steel Is a Steal
Stock Downgrades: How Now Brown Cash Cow? Dean Foods
Cries Over Spilled Milk