If Monday was all about
The Sweet Smell of Success
, to quote an memorable mid-century movie featuring public
relations flacks, Tuesday brought us only the awful stench of
fertilizers. Investors apparently didn't mind holding their noses,
however, for even a 28.55% tumble in
) failed to prevent most stocks from ending up amid late-session
strength. President Obama talked economics in Chattanooga, home to
the most famous Choo Choo in history.
His address didn't exactly win over the locals
, but training still easily beat
), as the handbag maker slumped some 7.87%. Some serious issues
thus confront its CEO Lew Frankfort only 24-hours away from the hot
dog days of August. The frankfurter fared almost as poorly, with
) falling 4.38% to extend its recent nose-dive. And one day after a
showed Americans deserting equities in droves
, its own stock surged 17.17% on a
Today in economic data, the July Chicago Purchasing Managers Index
is expected to improve from the prior month's pace at 9:45 a.m.
Eastern. The Federal Open Market Committee concludes its two-day
policy meeting, with an interest rate announcement anticipated at
2:00 p.m. Eastern. On the earnings front,
(YELP) are all due to report results.
Cablevision Systems Corporation
(CVC) is assigned a pessimistic Underweight by Barclays, which
establishes Overweights on
Sirius XM Radio
(LMCA). Equal-Weights are rolled out on
Time Warner Cable
(GDP): GDP gets begun with a Buy at SunTrust.
(INSY): Oppenheimer assigns an Outperform and $23 target price on
INSY, for whom an essentially liquid formulation of marijuana
offers potential promise. The firm's Oral Dronabinol can capture a
share of the chemotherapy-induced nausea and vomiting market, the
Susser Petroleum Partners
(SUSP): Shares are started with a Buy recommendation and $35 price
objective by Benchmark Company, which believes opportunities abound
as regards growth and operating margins.
Stock Upgrades: Swim With the Sharks of Discovery
Stock Downgrades: Intrepid Potash, Inc. Goes to