For a while there on Wall Street, making money was as easy as
ABC. Not least for the thief who told police, "
I work for ABC carpet and I am taking it for a
," when caught stealing over 50 rugs from
). It still is for
), which yesterday bucked a bad tape to touch the highest level in
its history. Elsewhere, however, it appears that the stock market
has suddenly hit an air pocket. The
S&P 500 Index
(INDEXSP:.INX), each on record-setting runs of late, endured a
second straight late-session sell-off. Among stocks on the move,
) tumbled 1.90% as its underwriters, respecting the company's
post-IPO "quiet period,"
finally started singing like canaries on the
. (Quiet period; how terribly quaint. Twitter began
attracting gushing "Buy" ratings even before it
a dozen years after Enron
(cash on hand the day it went under: $2 billion) filed for
) (current profit: $0) hit an all-time high as its
magazine Man of the Year in 1999 now
limits himself to
. The fast money continued to flee from bullion as the yellow
metal, coming off its worst November in 35 years, began December by
falling a further 2.3%. This even as a
gold medal from one of history's fastest men
heads to the auction block. Still, in the long run it's a
) - up 5.64% on a
- rather than a
), down 2.26% on a
There isn't any top-tier economic data to move US markets today,
although a deluge awaits later in the week. Regarding specific
Bank of Montreal
Bob Evans Farms
United Natural Foods
(UNFI) are all due to release results.
Ashford Hospitality Prime
(AHP): Shares are assigned a Hold at MLV & Co, whose target
price is $23.
(NYSE:BF.B): Bank of America-Merrill Lynch launches Buy-rated
research on spirits stock Brown-Forman. Brown-Forman's brands
include Jack Daniel's and Southern Comfort.
(CLR): CLR is covered at Overweight by Barclays, whose price
objective is $138.
(OTCMKTS:DDAIF): BNP Paribas picks up the luxury German car giant
(MU): Micron is begun with a Buy rating and $30 target at Needham.
The broker says tech stock Micron can achieve multiple expansion
and a lessening of its earnings volatility.
(SSYS): Shares are assigned an Outperform and $155 objective at FBR
Capital, which notes potential acquisition-related upside in the
(OTCMKTS:TSCDY): Sanford Bernstein gives the British grocer an
underwhelming Underperform assessment.
(DDD): FBR Capital covers 3D-printing stock 3D Systems at an upbeat
Outperform. Its price target is $85. The analyst cites an
impressive portfolio of patented technologies, among other
favorable factors. Over the past year, stock in 3D Systems has
surged some 157.96%.
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