"Remember, Remember the 5th of November" goes
ye olde English expression
. Yet truth be told, yesterday was instantly forgettable for US
stock markets. Granted, firearms firm
) did mark the Gunpowder Plot anniversary by rising to a record
high. But Guy Fawkes' fireworks were met with a
Bonfire of the Vanities
, in Dan the man's case
- elsewhere on Wall Street. Thus did the
(INDEXDJX:.DJI) drop 0.13% in a desultory trading session. Exactly
408 years after
the hero of Occupy Wall Street
attempted to blow up the Houses of Parliament,
The White House once again rolled out the welcome
to we, the people who own it. Fat lot of good either event did the
housing sector, which slid 1.8%, with a 2.18% tumble in
) stock especially noteworthy. Some equities did enjoy a better
time of it. Ontario's own
) slumped 16.41% on Monday, which had many shareholders dropping
the f-bomb. (Fear not, for
that is not actually a curse word in Canada
.) Yesterday, however, multiple broker boosts sent it up 2.69%.
Also benefiting from an
was Milanese media empire
(OTCMKTS:MDIUY), owned by
infamous inmate Silvio Berlusconi
), showing its sense of humor, raised it to "Conviction Buy."
Shares subsequently surged 2.92% to a whisker of a fresh 52-week
peak. And speaking of whiskers, Supercuts owner
) advanced 3.87% as it emerged that
European finance ministers require their
. Being the incontinent of austerity and all, cost cuts are
apparently all the rage.
In terms of events that may move markets this morning, September
leading economic indicators are expected to come in essentially
unchanged at 10:00 a.m. Eastern. Regarding specific stocks,
Whole Foods Market
(WFM) are all due to announce earnings.
(FWM): Stay away from its
rodent-infested olive bar
, and you will do just fine with this gourmet grocer, today begun
with a bullish Buy at Jefferies. Fairway Group, so beloved of
snooty foodies, actually got its start as a humble fruit-and-veg
stand during the depths of the Depression. The stock of Fairway
Group is a relatively recent initial public offering, having only
started to trade in April.
(MHR): Imperial Capital assigns an In-Line opinion and $8 price
objective on the stock.
(MORN): Investment research provider Morningstar, Inc is picked up
with a Market Perform at Keefe Bruyette. Competitors of
Chicago-based Morningstar, Inc - an important player in mutual fund
ratings - include
(TRI) division Lipper.
Pattern Energy Group
(PEGI): BMO Capital begins Outperform-rated coverage.
(SJR): Shaw Communications is established with an Equal Weight by
Barclays. Over the past year, shares in Shaw Communications have
(TU): The stock is a new Overweight at Barclays.
Stock Upgrades: T-Mobile Is on the March
Stock Downgrades: LeapFrog Is a Total Toad