Equities rose for the first time all week on 8/8, as
China's infatuation with that number
once again proved lucky. Shares snapped a three-session slump after
Beijing reported better-than-expected trade figures. Commodities
rose right on cue, with copper hitting a two-month high as it
became scarily evident
the lengths people will go to get their hands on
. Good retail sales here at home also boosted bourses, with
Victoria's Secret owner
) advancing 5.15% to a fresh best, even as its
Namibian supermodel shuns a product she is paid
handsomely to endorse
. Elon Musk, from nearby South Africa, saw his
) surge 14.34% as the electric car company announced the Department
of Energy's loan sharks had been paid off nine years early. Alas
the London Whale continues to bedevil
), down a
(^DJI)-worst 0.85% for its fifth straight skid. The biggest fish in
the ocean is, however,
currently a Karp
Today in economics, June wholesale inventories are predicted to
pick up from the prior month's pace at 10:00 a.m. Eastern. In
earnings action, expect
Beacon Roofing Supply
Harvest Natural Resources
(WWAV) to report results.
(DE): UBS slashes the tractor titan to Sell from Neutral.
(DV): The education outfit is now Neutral from Buy at Compass
Point, which also takes its target price down by $7 to $28. Weak
student demand is an issue.
(DSX): JPMorgan takes the tanker name to Neutral from Underweight.
Foot Locker, Inc.
(FL): Citing slowing same-store sales growth, Goldman Sachs gives
the stock a Neutral-from-Buy downgrade. The stock is, accordingly,
tumbling about 2% as I write.
(GHS): The khaki king gets cut to Neutral from Positive at
(SAAS): Shares are now Hold from Buy at The Benchmark Company after
Q2 revenues failed to meet consensus estimates.
(LEAP): LEAP is lowered to Underperform from Market Perform at
(LINE): Citing acquisition risk and another disappointing quarter,
Oppenheimer reduces its investment assessment to Underperform from
Perform with a $23 target.
Medical Properties Trust
(MPW): MPW is moved to Sector Perform from Outperform at RBC
(MACK): Cowen cuts the small cap company to Market Perform from
(OWW): The online travel outfit is now Neutral from Buy at Lazard.
Valuation issues understandably loom large after yesterday's 36.73%
surge in the stock.
(SPH): Shares get downgraded to Underperform from Perform at Credit
(SUNE): Ardour Capital slashes the stock to Hold from Buy with an
amended price objective of $8 amid concerns over its liquidity
(RIG): The oil services name gets taken to Neutral from Buy at
Global Hunter Securities.
New Stock Coverage: Take-Two Interactive Software, Inc.
Prepares to Party Like a Rockstar
Stock Upgrades: Cisco Systems, Inc. Is on the Right