It's almost enough to make investors nostalgic for those distant
days of, oh, one week ago, when all we had to worry about was
governmental gridlock. Yesterday,
S&P 500 Index
(INDEXSP:.INX) shares snapped a recent winning streak as more
prosaic concerns including earnings and China returned with a
vengeance. The proximate cause was disappointing economic data out
of Asia. The bull in Beijing's China shop was stopped in its tracks
) slumped 6.68% and
) imploded 8.28%. Glass-maker
) gained 14.14%,
enjoyed a 2.42% jump, and
advanced 0.98%. Elsewhere,
Dr Pepper Snapple
(DPS) rose 2.47%. And
that's a fact
The single busiest session for third quarter earnings is upon us,
(ZNGA) all due to announce results.
(ARG): BB&T Capital cuts the chemical company to Hold from Buy.
(OTCMKTS:AKZOY): Shares get downgraded to Hold from Buy at ING
(ANGI): Shares, slumping today, are now Neutral from Buy at B.
Riley & Co.
(INDEXDJX:.DJI) member is downgraded to Neutral from Overweight at
Green Mountain Coffee Roasters
(GMCR): Shares are downgraded to Hold from Buy at Argus amid
increased competition for single-serve coffee packets.
(MSI): The stock is downgraded to Market Perform from Outperform at
(PNRA): Shares are now Hold from Buy at Deutsche Bank.
(RF): RF is removed from the Conviction Buy List at Goldman Sachs.
(SRCL): Raymond James cuts the stock to Perform from Outperform.
(USB): The financial name is now Hold from Buy at Deutsche Bank.
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