Space: The final frontier
." So said
, as the Starship Enterprise started "Its five year mission to
explore strange new worlds." Almost half a decade in to this bull
market, US markets continue going to Pluto, yesterday lead by an
S&P 500 Index
(INDEXSP:.INX)-best 5.47% jump in
). "Dow, S&P 500 end higher on
read Reuters headline
, which would have made for a mighty improbable lede mere months
ago. But we have indeed gone
Back to the Future
, with a helping hand from
). The clothing company that
outfitted the 1985 film
answered all questions by gaining 2.58%. If
) will forgive the phrase, that movie was memorable for
the Delorean, but Mr. Musk makes an unworthy heir after his stock
tumbled 14.51% in enduring its worst day for two years. The South
African CEO said
(OTCMKTS:PCRFY) deserves a measure of the blame, amid a tight
supply of its batteries. Since that Japanese giant is best know for
its 1980s catchphrase "
Just slightly ahead of our time
," they should surely have seen it coming. And 153 years to the day
after Abraham Lincoln's election,
) priced its Initial Public Offering. Our 16th president indelibly
altered history in 268 iconic words; the micro-blogging service
needs only 140 characters. Still, from "Four score and seven years
it take 18 months for twins to be born? Or 9?"
is a funny kind of progress. Thus does our culture continue to be
dumbed down, even on a day an
) increased 17.99%. Just ask
Abercrombie & Fitch
(ANF), whose shares slumped an
S&P 500 Index
(INDEXSP:.INX)-worst 13.52. They're just
a bunch of Hicks
In terms of today's economic events that may move US markets,
September consumer credit is expected to show a contraction at 3:00
p.m. Eastern. Regarding specific stocks,
(WEN) are all due to announce earnings.
Abercrombie & Fitch
(ANF): The "
" can't help you now, buddy. The teen clothing company's endlessly
controversial CEO had to endure an S&P 500-worst 13.52% slide
yesterday. This morning, Bank of America-Merrill Lynch does a 180
on this slumping retailer, slashing it all the way to Sell (or
"Underperform," in the euphemistic parlance of equity analysts)
Apartment Investment & Management
(AIV): RBC Capital cuts the company to Sector Perform from
(CKEC): Carmike Cinemas, having surged some 6.33% yesterday, is
reduced to Perform from Market Perform Raymond James due to
understandable valuation issues. Carmike Cinemas runs digital and
(CAT): Caterpillar, a key
(INDEXDJX:.DJI) component, is now Neutral from Buy at ISI Group.
Over the past year, construction equipment company Caterpillar has
seen its stock fall 4.38% amid concerns over a slowing Chinese
economy, among other issues.
(JOBS): Morgan Stanley moves the stock to Underweight from
(GRMN): Bank of America-Merrill lowers portable navigation
powerhouse Garmin to Neutral from Buy. Garmin shares have returned
a tidy 26.52% in the last year.
(IAG): IAG gets downgraded to Underweight from Equal Weight by
Barclays, whose price objective - previously $7 - is slashed to $5.
(QCOM): The tech name is now Market Perform from Outperform at
Northland Capital, whose target price is lowered to $72. Concerns
include margin pressure and issues related to fourth quarter
average selling prices. .
(NASDAQ:SKWY): Raymond James reduces the regional airline to Market
Perform from Outperform. Yesterday shares rose 2.47% to a fresh
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