The witching hour, recently
so good in the
, turned evil again as the threat of a government shutdown at
midnight on Monday, September 30, sent
(INDEXDJX:.DJI) down for a fourth straight session. Apple itself,
having just turned back the clock 30 years to
retrieve Steve Jobs' time capsule
, ended off as it became increasingly apparent that what
allegedly occurred a mere four days ago
may not have been quite what it seemed. If Fed official William C.
Dudley, speaking on CNBC, helped send stocks lower on Monday,
Tuesday was the turn of
James C. Penney
). That middle initial stands for Cash, ironically, but the
retailer is fast running out of it, falling a further 3.72% to lows
last seen in January 2001.
) fell 14.87%, this as we were reminded that
Cyprus remains a real problem
even as events elsewhere temporarily push it off the front page.
That money laundering paradise has been called "a sunny place for
shady people" but, what with global warming, these days even
rainy London can melt Jaguars with its office
. At least the car company's owner finds itself similarly on fire;
) buck a bad tape to end up 1.46%.
Today in economics, analysts anticipate an uptick in August new
home sales at 10:00 a.m. Eastern. In earnings action, quarterly
announcements are expected out of
Bed Bath & Beyond
(APD): The chemicals company is covered with a Neutral at UBS,
whose price objective is $110.
(DSW): Goldman Sachs starts the footwear firm formerly known as
Designer Shoe Warehouse with a Neutral and assigns it an $87 target
(CRUS): The specialized semiconductor stock is a new Market Perform
at Northland Capital, whose target is $26.
(FB): The stock, trading at historic highs, is begun with a Buy
rating and $60 objective at Canaccord Genuity. Mobile and Instagram
monetization efforts offer promise, the bank believes.
(HSTM) Northland has a new Outperform on the Internet information
(MW): George Zimmer, the clothing firm's
founder famous for his guarantees
, is gone but Goldman Sachs still starts the stock at a Buy.
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