Eight decades to the day after Prohibition's
, the hangover in US stock markets extended into a fifth straight
(INDEXDJX:.DJI) steady drop from recent records is enough to turn
even the most abstemious sort to drink. Perhaps a
vintage Burgundy from Costco, although I couldn't
swear on the Bible
that they have it in stock. Its stock slumped 1.64% in a terrible
tape for retailers. Some equities did buck the red ink. There was
love in the air for
), up 0.56% after buying takeoff slots at La Guardia Airport. That
firm was famously
founded on a cocktail napkin by Wild Turkey
bourbon-drinking Herb Kelleher
, who won't care that the market has ended down in every single
session since Thanksgiving.
), already the top
(INDEXSP:.INX) stock in 2013, advanced another 0.50% after
House of Cards
will come back on February 14
. Matrimonial titan
), where every day is Valentine's Day, gained 1.26% to an all-time
high on a
. Firearms firm
Smith & Wesson
), another fan of shotgun weddings, rode similarly upbeat analyst
action to surge some 3.28%. And Nelson Mandela, who was born 1918 -
four months before "the guns of August" finally fell silent - bid
In terms of economic events that may move US markets today,
analysts expect an increase in the preliminary Reuters/University
of Michigan consumer confidence figure for December at 9:55 a.m.
Eastern. Regarding specific stocks,
American Eagle Outfitters
Bank of Nova Scotia
Sears Hometown and Outlet Stores
(SHOS) are all due to release results.
(AGN): BTIG Research resumes Buy-rated research on the maker of
(BSFT): Shares are a new Market Perform at Northland Capital, whose
price objective is $32.
(FANG): Brean Capital covers the company at a Buy.
(DO): The stock is assigned an Underperform at FBR Capital.
(DRQ): Calling it a top pick, FBR Capital establishes an Outperform
on the oilfield services outfit.
(HD): Home Depot stock is a new Neutral with Wedbush. Home Depot is
a key member of the Dow.
(ISRG): The maker of da Vinci surgical robots gets resumed with a
Buy at Jefferies. (Please
for more on robots and drones.)
(LOW): Wedbush launches an Outperform on LOW.
(NOK): The telecom stock is a fresh Overweight at JP Morgan, whose
target price is $10.80.
(BIN): Progressive Waste stock is initiated with an Outperform at
Imperial Capital. Its objective on Progressive Waste is $31.
Oil Stocks - Europe
: Shares of oil majors
Royal Dutch Shell
(TOT) are all showing strength overseas today after being assigned
an Overweight at HSBC Securities. Strong inherent industry cash
flow is cited.
Oil Stocks - US
: HSBC Securities starts coverage on dual Dow components
(CVX) (Overweight) and
(XOM) (Underweight). Yesterday, Exxon Mobil incurred a rare
(CRM): Pivotal Research picks the stock up at a Buy. Its target is
(SONS): The small cap is resumed with a Outperform at Northland
Capital, whose price objective is $4.40.
, which went public last month, is begun with a Market Perform by
Sanford Bernstein. Its price target on Twitter is $40.
(WDAY): With the November employment report released only an hour
ago, Workday - which provides human resource management software -
is assigned a new Neutral at Macquarie. While the broker hails
Workday's innovation and 'disruptive' capabilities, it also sees
the stock as fairly valued. Indeed, yesterday shares in Workday
rose another 3.20%.
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