Jonas Brothers, who just broke up
, and the
Collyer Brothers, historic hoarders
) surge 101.11% on Friday - had better weeks. But, for the rest of
us, Lehman Brothers are but a fast-fading bad dream. US markets hit
fresh historic highs, as a month that began with a governmental
ghost town and ended on Halloween raised investors' spirits.
(INDEXSP:.INX) stocks rose 5% in October, even as
) fell 4.2% on the week. The
networking name will one day have more deceased profiles than live
; its stock now looks like dead money after a robust recent run. In
a spooky trading week that ended with the
Day of the Dead
, there was
no dead-cat bounce
), and its
delisting made kitty seriously pissed
PIIGS are suddenly in better health
, yet Spanish sausage maker
) still plunged 9.6%, with that stock enduring its worst week for
over half a decade. And don't expect cosmetics company
) to put lipstick on any tapirs; its shares imploded 17%.
In terms of events that may move markets today, at 10:00 a.m.
Eastern August and September factory orders are each released. On
the earnings front, several specific stocks could be impacted by
quarterly earnings announcements. These include
Pioneer Natural Resources
Plains All American Pipeline
(AFL): The currently-
convalescing AFLAC duck
- let's hope its doctor isn't a quack - gets downgraded to Neutral
from Buy at Citigroup. Insurance outfit AFLAC officially stands for
"American Family Life Assurance Company" but today, such $10 words
are likely off the table.
(ANH): Shares are moved to Market Perform from Outperform by Keefe
(AZN): UBS reduces the European pharmaceutical firm to Neutral from
(BPI): The stock gets slashed to Sell from Hold at Deutsche Bank.
(CPN): Jefferies lowers the electric utility to Hold from Buy. Its
price objective, previously $23.50, is trimmed to $21.
Computer Programs & Systems
(CPSI): Shares get reduced to Outperform from Strong Buy at Raymond
(OTCMKTS:DANOY): Danone, best known for its yogurt, is now Neutral
from Buy at Goldman Sachs. As a result of the analyst's action,
stock in Danone is trading lower overseas as we speak.
Digital Realty Trust
(DLR): DLR is downgraded to Neutral from Outperform at Robert W.
Baird due to valuation issues. Its target price is also taken
lower, to $48 from $69.
(GPS): Suit yourself. Goldman Sachs slashes The Gap, king of casual
Fridays, to Neutral from Buy. The Gap has been fairly flat over the
past year, returning only 4.76%.
(MPC): MRO is moved to In-Line from Outperform at Imperial Capital.
(NTAP): NTAP is now Neutral from Overweight at Piper Jaffray.
(RRC): Barclays reduces RRC to Underweight from Equal Weight.
(RS): Goldman cuts the commodity company to Neutral from Buy.
(RSG): The waste management company gets moved to Neutral from
Outperform with Wedbush.
(TEVA): TEVA was downgraded to Underweight from Neutral at
New Stock Coverage: Save the Last Dance for SFX
Stock Upgrades: Party On, Red Sox Nation. Boston Beer
Gets a Boost