sidewalk Santas are finally calling it quits
on Fifth Avenue, and no wonder - how could they compete with Wall
Street, where it is now Christmas every day. (Although it
may not be a very holly Joly yuletide
), which nosedived 9.9% even as US stock markets reached fresh
peaks.) There seems to be no stopping both the
(INDEXDJX:.DJI), now up for seven straight weeks, and
S&P 500 Index
denizens of the financial industry remain under
, so go easy on them, okay? No comment yet from the fellow who
Bank of America
) for giving him a heart attack but, if his ticker is healthy
enough, he might be surprised to see its stock symbol now showing
nothing but green ink. Poultry processor
) jumped 10.60%; a penny for the thoughts of that poor
professional chicken catcher who just got fired for
. Amid unrestrained ebullience elsewhere
), maker of V8, slid 7.2% and
), whose V8 engines are always aflame, tumbled 10%. Cruelly adding
to its angst,
just blew away all comers at the box office
In terms of economic events that may move US markets this morning,
at 10:00 a.m. Eastern October pending home sales are expected to
post an improvement from September's pace. Regarding specific
Palo Alto Networks
Qihoo 360 Technology
(WDAY) are all due to release quarterly results.
(AOL): AOL Inc. is downgraded to Sector Perform from Outperform at
RBC Capital. It is primarily due to valuation, with AOL Inc. stock
already up about 50% this year.
(BRCD): Shares are now Neutral from Buy with a $9 price objective
at ISI Group, which would wait for a more compelling entry point
): Campbell Soup stock, which slumped 7.2% last week, is now
Neutral from Buy at Goldman Sachs. Other brands of Campbell Soup
include Pepperidge Farm and V8 juice.
(CLX): CLX gets cut to Sell from Neutral at Goldman, which has an
issue with the stock's premium valuation.
(DE): BMO Capital markets moves the company to Market Perform from
(JBLU): JetBlue is now Underperform from Perform at Raymond James.
As a result, JetBlue stock is trading lower ahead of this morning's
(SCHN): Shares are slashed to Underperform from Hold at Jefferies.
(S): Pacific Crest takes the telecom stock to Sector Perform from
Time Warner Cable
(TWC): Amid merger concerns, the cable company gets cut to Hold
from Buy at Argus.
New Stock Coverage: Goldman Sachs, Still Doing 'God's
Work,' Sees Church & Dwight Heading Heavenward
Stock Upgrades: Strong Start To The Week For Finish