For a day book-ended by two Starship Enterprise icons -
Jean-Luc Picard helped ring the opening bell
on behalf of
) and his
predecessor Captain Kirk
) announce earnings after-hours - shares sure came crashing back
down to Earth. US markets slumped, with
(INDEXSP:.INX) stocks enduring their worst session in months. This
despite the best efforts of the micro-blogging service, which
surged 72.69% on its debut. Still, even after multiple
Rick Summer said the stock is "overvalued."
one swallow does not a Summer make
, if our little bluebird friend will forgive me mixing my
ornithological metaphors. Ironically, on a day Twitter came to
market, and most other stocks swooned,
) edged up 0.87%. Its pithy telegrams were the Twitter of its time,
including an unforgettable one from the icy waters of the North
Atlantic in April 1912: "
SOS SOS CQD CQD TITANIC. WE ARE SINKING FAST.
PASSENGERS ARE BEING PUT INTO BOATS. TITANIC.
" (Which reminds me,
) jumped 4.55% even amid a rising tide of red ink elsewhere, and
not long after the
doomed vessel's identical musical instrument
similarly went for big bucks.) Western Union sent its last missive
in 2006. Two months later,
29-year old from St. Louis sent his first Tweet
. What hath God wrought, Mr. Morse?
In terms of economic events that may move US markets this morning,
the Reuters/University of Michigan preliminary consumer sentiment
index for November is expected to improve from October's final
figure at 9:55 a.m. Eastern. Regarding specific stocks,
Compagnie FinanciÃ¨re Richemont
Lions Gate Entertainment
Xinyuan Real Estate
(XIN) are all due to announce earnings.
(AR): The oil and gas outfit gets assigned a Buy rating and $75
target price at Jefferies.
Clinical Laboratory Stocks
: FBR Capital has fresh Market Performs on
(DGX). Its respective price objectives are $111 and $68.
: RBC Capital Markets establishes Outperforms on
Chipotle Mexican Grill
(CMG), donut dynamo
(SBUX) ($90 objective), and Pizza Hut parent
(SATS): Shares are set at Outperform at Raymond James.
(LPNT) is a Perform at FBR Capital, whose target is $55. It is more
upbeat on Outperform-rated
(UHS), assigned a $94 price objective.
(MCD): As Janis Joplin once said, maybe freedom fries are just
another two words for nothing left to lose. (I quote from memory.)
Today the fast food firm, a key
(INDEXDJX:.DJI) component, is assigned only a squishy Sector
Perform at RBC Capital. Although McDonald's 3.3% dividend yield
merits a positive mention by the brokerage, McDonald's shares have
substantially underperformed the broader market over the past 12
months. Moving from French fries to France itself…
(OTCMKTS:PEUGY): Thinking about fleeing
in a Peugeot? Think again. CitroÃ«n owner Peugeot, pride of Paris,
is today resumed with a downbeat Reduce at Nomura. Peugeot is
currently undergoing a wave of restructuring and attendant layoffs
amid plunging car use in Europe, especially among the young.
(TWTR): After the
of 24-hours ago, it may be back down to Earth for Twitter today.
Shares are assigned a lukewarm Neutral with Wedbush, whose price
objective is $37. Even worse, Hudson Square starts Twitter with a
"Sell", the ultimate four-letter insult among ever-optimistic
equity analysts. Twitter rose 72.69% on Thursday to post the NYSE's
best performance in an otherwise awful session for US stock
(LON:WMH): Shares in the British bookmaker are tumbling about 2.13%
in London today, after being begun with an Underweight a HSBC
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