Stocks snapped a skid that stood at five sessions thanks to,
well, Sessions. Markets were calmed by reports that senior
Republican Jeff Sessions wants no part of Uncle Sam shutting down
and defaulting. The spirit of '69 ruled as Mariano Rivera, born
held court for one final time
and Sheryl Sandberg, who entered the world a month after the moon
landing, saw her
) continue its recent journey to Pluto.
Not all equities fared as well, with
) nose-diving an NYSE-worst 16.10% after warning of
weaker-than-anticipated car rentals at its airports. (Trust me, the
company has had far scarier moments in the
.) Yesterday it was tough to tell the difference between boring
) - up 0.34% despite an
iffy analyst initiation
- and sexy tech stock
), down a
(INDEXDJX:.DJI)-worst 2.70%. Thus it should be no surprise that the
most lucrative San Francisco chip play wasn't some Silicon Valley
semiconductor name but rather
), with the snack maker riding an
to advance 11.02%.
Today in economics, analysts expect an uptick in the final
University of Michigan/Thomson Reuters consumer sentiment survey
for September at 9:55 a.m. Eastern. In earnings action,
(MTN) all released results earlier this morning.
(AKAM): B. Riley & Co. reduces its rating to Neutral from Buy.
Avis Budget Group Inc.
(CAR): Call it collateral damage from yesterday's 16.10% crash in
). Today Goldman Sachs slashes its arch rival to Neutral from Buy.
Bank of America
(BAC), dropped from the
(INDEXDJX:.DJI) this week, and
(GS), newly added to the index, are each now Neutral from Buy at
(CLD): Goldman gives the coal company a Neutral-from-Buy rating
(HOMB): Shares are slashed to Hold from Buy with a $30 price
objective at Wunderlich, which cites integration risks arising out
of its acquisition of Liberty Bancshares.
International Game Technology
(IGT): Deutsche Bank downgrades IGT to Hold from Buy.
(IP): The stock is cut to Hold from Buy at Deutsche Bank.
(JCP): Buckingham Research reduces the slumping retailer, sliding
some 7.49% before the bell, to Neutral from Buy.
(MRO): Citing its expectations for uninspiring third quarter
results at the energy outfit, Stifel lowers its rating to Hold from
(NKE): A contrarian downgrade for the Dow newbie, which gained
2.06% yesterday and is adding on another 5.52% this morning on
impressive earnings. Troubled by its subsequent valuation, Stifel
slashes the sneaker stock to Hold from Buy.
(NVS): The European pharmaceutical firm, trading atop historic
highs this week, is pulled from the Most Preferred List at UBS.
(SXL): Credit Suisse lowers the limited partnership to Neutral from
(UAL): The airline name is now Neutral from Buy at Buckingham
Stock Upgrades: Nothing but Net Profits for Nike
New Stock Coverage: Don't Be Naughty -- Buy Nice
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