Default, dear Brutus, is not in our stars, but in
, Act 1, Scene 2
quote from memory
. It may in fact have been "
(OTCMKTS:DASTY), dear Brutus," for that stock followed up Monday's
10.53% mauling with a
4.31% tumble on Tuesday. And, with
(CZR) having itself imploded 11.08%, perhaps I stand accused of
further twisting the knife into a fine fellow long since stabbed in
the back 23 times. But the blame game for our Washington woes does
indeed begin by looking in the mirror; we elected these
ignoramuses. Thus it was that the
(INDEXDJX:.DJI) dropped by triple digits as politicians continued
to dither. House Speaker John Boehner helpfully called the Senate
proposal a "hand grenade" but even those warlike words failed to
aid the underperforming defense sector, paced by a 13.81% plunge in
) lost another 8.89% amid bankruptcy rumors. All else having
failed, it will
now put its faith in Mickey Mouse
. (Hey, as we shall soon see with
), long tails are not necessarily a reason to go short.) And
) obviously has it in for fellow fruits. Not content with
), it now
Today in economics, the Fed will release its "beige book",
detailing economic conditions in a dozen districts, at 2:00 p.m.
Eastern. Hump Day of the first full week for third quarter earnings
announcements is upon us, with
Bank of America
International Business Machines
(PEP) among a multitude of big names due to report results.
(AMT): Goldman Sachs starts the stock at a Buy.
Cliffs Natural Resources
(CLF): The iron ore outfit, up 4.09% yesterday, is rated Market
Perform with Wells Fargo.
(GERN): GERN gets assigned a Buy rating at MLV & Co, whose
target price is $6.50. Pending Phase II trial results for
imetelstat regarding myelofibrosis offer promise, the broker
believes. Shares are, accordingly, showing strength ahead of the
Grand Canyon Education
(LOPE): Shares are begun with a Buy at Citigroup.
The Fresh Market
(SWY), are all Outperforms at BMO Capital Markets.
Home Improvement Retailers
: SunTrust Robinson Humphrey starts Buys on both
(INDEXDJX:.DJI) component, and its smaller rival
(LFL): Shares are launched with an Outperform opinion and $20 price
objective at Imperial Capital, which calls the company a turnaround
(LUX): The stock is an Underperform at BNP Paribas.
(NWBO): NWBO is a new Outperform at Oppenheimer, whose target price
Smith & Wesson
(SWHC): Lake Street has a fresh Hold on the firearms firm.
(AKS) is an Underperform at Credit Suisse, which has a new Neutral
(STLD) are each assigned Outperform.
Whole Foods Market
): More good news for the upscale foodie favorite, which yesterday
hit the highest level in its history even as a stomach-turning
story about an
in-house mouse dropped in its lap
. Today it scores an upbeat Outperform initiation at BMO Capital.
Stock Upgrades: Alaska Air Comes in From the
Stock Downgrades: Now's Not the Time to Be Overweight