Strictly speaking, we can't claim that our government has done
nothing this week. After all, the Feds - finally turning their
hands to a matter they know something about - did reimburse that
after forensically examining the $500 that passed
through his pooch's feces
. But on the big stuff, Washington continues to be found lacking.
Thus it was that the DC shutdown sent
(INDEXDJX:.DJI) down for a second straight session. Admittedly,
amid the mayhem some equities did turn water into wine. Not least
), up 3.96%, and world's largest winemaker
), which gained 3.24%. But against a backdrop of (Jack) Welch's
(sour) grape juice - the businessman has now dissed both
in equal measure - investors elsewhere found plenty to whine about.
Trading was murder on
), which imploded 4.77% on the eve of this, an
iconic date in its history
) lost 3.44% on emerging market issues. It really needs the FDA to
speed up drug approvals, but they are too busy
spending a king's ransom to better "understand"
) tumbling 2.18% on a
, now's really not the time.
September's employment report, originally due for release at 8:30
a.m. Eastern, has been postponed due to the government shutdown. In
earnings action, Taiwanese smartphone provider
(OTCMKTS:HTCKF) announced its first ever quarterly loss earlier
today. Here at home, sandwich shop
(PBPB) is expected to start trading this morning after pricing its
initial public offering at $14 per share.
Campus Crest Communities
(CCG): The company is covered with a Buy rating and $13.50 price
objective with Wunderlich.
(CCL): SunTrust rolls out Reduce-rated coverage on the troubled
Cole Real Estate Investments
(COLE): Shares are an Outperform at FBR Capital, whose target price
is $14 amid impressive earnings growth.
(DEO): The Guinness maker gets assigned an upbeat Add at Numis.
Healthcare Trust of America
(HTA): Wunderlich has a Buy and $12.50 target on a company it says
stands to benefit from the Patient Protection and Affordable Care
(JDSU): Shares are set Equal Weight at Evercore, whose objective is
(MDXG): The medical equipment and appliance outfit is initiated
with a Buy rating and $6 target at Canaccord Genuity.
(OCR): KeyBanc Capital covers the company at a Buy.
21st Century Fox
(FOXA): The media and entertainment titan is a new Overweight at
US Airways Group Inc
(LCC): The aviation outfit indelibly associated with Captain
Chesley "Sully" Sullenberger's Hudson heroics
almost five years ago
is assigned an upbeat Outperform at Imperial Capital. Shares surged
3.23% yesterday even amid a remorseless tide of red ink elsewhere.
(Note that the stock also received a ratings reduction this
(VALE): Barclays begins the Brazilian commodity company at an
Underweight. Its price objective is $13.
Stock Upgrades: Exxon Mobil, OpenTable, and Moneygram
Stock Downgrades: Wynn Resorts, Tesoro, and