Equities wore a crown of thorns as President Obama, who never
promised us a rose garden (even in
the Rose Garden
) and Congress continued to be at odds and Roseland, New
Jersey-based ADP announced decidedly iffy private payroll growth.
Both the Commander in Chief, always
inordinately fond of the first-person pronoun
, and Capitol Hill were politely reminded by the American people
that there is no "I" in
). (Just as well, on a day that stock nosedived an NYSE-worst
13.87%.) While Wall Street didn't do so well, with the
(INDEXDJX:.DJI) dropping for an eighth time in 10, there were
triple miracles on 34th Street. The
) Building owner bucked a bad tape to increase 0.77% after its IPO,
) jumped 1.22% - even if its
slave-driver bosses are total turkeys
Madison Square Garden
) - better than any rose garden - gained 0.17% after being
anointed the country's coolest arena
Today in economics, analysts expect to see a slippage in
September's Institute for Supply Management services index at 10:00
a.m. Eastern. On the corporate earnings front,
(XRTX) are all due to release results.
(ANGI): Shares, slumping before the bell after cutting certain
membership prices by about 75%, are nonetheless initiated with a
Buy at MKM Partners.
(ARNA): Cowen establishes a Market Perform rating and $4.50 price
target on ARNA.
(COH): COH is covered with a Buy opinion and $66 price objective at
Cantor Fitzgerald, which is impressed with its sales momentum.
(EXAM): Needham assigns a Buy recommendation on EXAM, citing stable
costs and increased market share. Its price objective is $31.
(LPSN): Janney has a new Neutral on the business services name.
(MSTX): Canaccord Genuity begins the biotech microcap, up
impressively before the bell, with a Buy rating and $3 price
(MUR): The energy outfit is a new Neutral at Credit Suisse, whose
target price is $70.
Noodles & Co
(NDLS): Shares are begun with an uninspiring Equal Weight rating at
Barclays. Its objective is $39.
(NPSP): NPSP is a new Buy at Bank of America-Merrill Lynch.
(RF): Wunderlich resumes Buy-rated research and a $12 target on RF,
highlighting the substantial discount its shares trade at relative
to industry rivals.
(TCP): RBC Capital launches Sector Perform rated coverage of the
limited partnership. Its price objective is $51.
Tiffany & Co
(TIF): Market share increases sees the upscale jeweler score a Buy
initiation and $88 objective at Cantor.
(OTCMKTS:YARIY): Barclays has a fresh Equal Weight on the
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