On what was, from
, a banner day for Communists, capitalism finally struck back.
Stocks snapped a two-session slide, with ironic thanks to
encouraging developments out of Red China, where Mao's Great Leap
Forward continued with Shanghai shares hitting their highest level
since the last day of spring. Way back when, of course, we went to
war with Hanoi over ideology, and the
Vietnamese gentlemen who have just emerged from the
jungle after 40 years
will find the modern world utterly preserved in aspic.
Stagnant growth and an icy relationship with Russia are still with
us. Indeed, even that 1970s "Nifty Fifty" darling
) is back in favor, riding a
to jump 3.35%. Elsewhere
, Apple Inc.
), the Xerox of its era, advanced 4.75%. Investors obviously opted
ignore the serious concerns of
) Larry Ellison
- a man who knows a thing or two about technology - and listen
instead to a
Twitter neophyte now in his 78th year
Today's quarterly earnings announcements are expected to include
Dick's Sporting Goods
(ACUR): The small cap stock is begun with a Buy recommendation and
$4 price objective at MLV & Co, which highlights its potential
(ATHN): KeyBanc Capital Markets has a Hold on the business services
(DRC): Shares are resumed with an Outperform at Raymond James.
(ECA): The Canadian oil company gets assigned an Accumulate at
Global Hunter Securities.
Health Care Information
: Something for everyone at KeyBanc, which covers
(MDAS) at Hold, begins a Buy on
(CERN), and establishes an Underweight on
(KEYW): Chardan Capital Markets rolls out Neutral-rated research.
Risk of further reductions in Department of Defense spending
prevents them from becoming more constructive on the stock.
Kite Realty Group Trust
(KRG): Shares are set an upbeat Overweight at Evercore.
(SPNC): JPMorgan starts the medical appliance and equipment equity
at an Overweight.
(WETF): The asset manager is rated a lukewarm Neutral at
Stock Upgrades: Hovnanian Enterprises, Inc Laughing All
The Way to Red Bank
Stock Downgrades: Delta Air Lines, Inc. Is No Longer