On the day
got the green light
, shares hit an air pocket on their recent journey to Pluto. Closer
to home, the meek may well inherit the Earth, as it says in the
Bible, but yesterday there was no such luck for
the Geek (Squad)
) tumbling an
S&P 500 Index
(INDEXSP:.INX)-worst 10.97% as US stock markets eased off recent
records. (It remains the top S&P 500 stock of 2013 so, to quote
the good book again, "The last shall be first.") The "House of
, whose Park Avenue abode is a little less opulent than Apple's
spaceship, agreed to
help build Mudd huts
by sending billions the way of innocent, aggrieved
). Apple actually ended up 0.18% after Uncle Carl said it "isn't a
bank and should not be run like a bank because investors did not
invest in a bank." Given Jamie Dimon's woes - and on the
anniversary of Bonnie & Clyde
- amen to that. "
Do you know the way to San Jose?
" sang '70s chanteuse Dionne Warwick. If you use Apple's map apps,
rely on the singer for investment advice
, likely not. But, at long last, at least the Patent Office is no
longer asking of America's most productive patent location, "
are we there yet
In terms of economic events that may move US markets today, at
10:00 a.m. Eastern, we get both September business inventories and
October existing home sales. At 2:00 p.m., minutes from the Federal
Open Market Committee's October 30 meeting are released. Regarding
(SPLS) are all due to release quarterly results.
(DNKN): Shares are a new Neutral at Buckingham Research.
Mountain Coffee Roasters
(GMCR): Tea at Buckingham Palace, Alice? Green Mountain Coffee
Roasters is begun with a Buy, also at Buckingham. Green Mountain
Coffee Roasters, weak of late, lost another 3.12% yesterday, but
the broker believes the recent sell-off has created a compelling
buying opportunity. Over the past year Green Mountain Coffee
Roasters, which reports results today, has seen its stock rise
(LPI): LPI is launched with an In-line at Imperial Capital, whose
price objective is $31.
(PLL): Goldman Sachs picks PLL up at a Neutral.
(OTCMKTS:ROYMF): Stock in Royal Mail, Britain's biggest state-owned
stock to debut since the heyday of Margaret Thatcher, is lower in
today's London trading after UBS started Sell-rated research. The
bank believes Royal Mail stock is "priced to perfection" at current
(SMA): Shares are begun with a Buy rating and $10 target price with
Wunderlich, which calls the company a turnaround story.
Sirius XM Radio
(SIRI): Pacific Crest covers the company at Sector Perform.
(SBUX): The coffee king is assumed with a Buy at Buckingham
Research, whose objective is $95.
): Never a dull day for Twitter, today rated a new Neutral at BTIG
is currently trading lower as I pen this piece.
(VITC): Shares are an Outperform at Imperial Capital, whose target
(FLS) is a fresh Outperform at Cowen ($83 objective), which rates
(WTS) a Market Perform.
Stock Upgrades: Best Buy a Better Buy After Yesterday's
Stock Downgrades: Bidding Boeing Adieu, Farewell,