Equities couldn't even muster an increase for Gordon Gekko's
birthday, with the
S&P 500 Index
(INDEXSP:.INX) falling for a fifth straight session in its worst
streak of 2013. Truth be told, the old corporate raider of the '80s
is now both an
AARP cover boy
and, as he enters his 70th year, a lion in winter. Still, he would
be the first to tell us it's a
on Wall Street and, as such, would have enjoyed
) surging some 82.19%. (Not to be outdone, London Whale alum
) jumped 2.74% to best all blue chips.) Investors were eager to own
), which rose 1.59% to another record high even as
) suggested renting rather than buying
the cult car company. Have you seen Hertz's punk performance this
morning? No thanks.
In analyst action,
) gained 3.39% after
being boosted by
(GS), whose own employees tend to prefer suits that cost much more
of an Armani leg. Elsewhere, Indian outsourcer
(INFY) similarly bucked a bad tape to end up
after an upgrade
Joe Kernen couldn't be reached for comment
.) And on an especially ominous day in nautical history - yesterday
was the birthday of HMS Bounty mutiny leader Fletcher Christian in
(CCL) cratered another 5.33% on a
rash of rating reductions
. Things may look mighty bleak for it at the moment but, as
(ORCL) Larry Ellison can freshly attest,
on the high seas it ain't ever over till it's
Today's economic data includes August pending home sales at 10:00
a.m. Eastern, with analysts calling for a fall. In earnings action,
(ACN), fashion firm
Hennes & Mauritz
(OTCMKTS:HNNMY), spice stock
(NKE) are all due to release results.
(ARW): Shares are now Neutral from Buy at UBS.
(CWTR): CWTR is cut to Neutral from Buy at Ascendiant.
(FANG): Canaccord Genuity downgrades the independent oil and gas
outfit to Hold from Buy with a new target price of $47. Acreage
issues and its pad drilling timetable are among the concerns.
(DRYS): Nordea Securities takes the tanker stock to Hold from Buy.
(AWAY): The online vacation rental stock is lowered to Equal-Weight
from Overweight at Morgan Stanley. Shares are slumping before the
bell as a result.
(NYSE:HUB.B): The electronics company gets cut to Equal Weight from
Overweight by Barclays.
(IPI): BMO Capital Markets moves the fertilizer firm to
Underperform from Market Perform.
): Shares, no longer trading on fundamentals after being bought for
about $1.4 billion, are taken to Market Perform from Outperform
with Wells Fargo.
(OMCL): B. Riley & Co. reduces its rating to Neutral from Buy.
Stock Upgrades: Diamond Foods Looks Like a Gem
New Stock Coverage: Diamond Seller Blue Nile Set to