Unless you were poor
), whose quarterly revenues tumbled 22%, it was almost impossible
not to make money last week. (And, to give the beleaguered bank a
break, as far as obnoxious rich types go, they are nowhere near as
insufferable as Rachael Sacks
.) A quick political fix sent
(INDEXSP:.INX) issues up 2.42% to a historic high and, with red ink
almost entirely absent, it was indeed easy being green. The emerald
Bank of Ireland
) advanced 14.06% and alternative energy outfit
a similar hue
, jumped 26.03%. The House of Representatives was, for once, not
divided, but the same could certainly not be said for the House of
) has a
multi-billion housing problem
- and saw its
longtime home bought by Beijing
- yet its sibling
) enjoyed an earnings-related 6.2% stock surge. Elsewhere the check
was in the mail for
(FDX), which rose 9.1% to a record, and England's
(LON:RMG), a 10% gainer. Across the pond of course they spell
"check" cheque" but
look like bouncing after it fell 4.9%.
This morning in economics, analysts expect October existing home
sales to slip from September's pace at 10:00 a.m. Eastern. On the
corporate front, peak earnings week is upon us, with today's
announcements due to include
Discover Financial Services
Abercrombie & Fitch
(ANF): Macquarie moves the clothing company to Neutral from
(AFAM): Shares are slashed to Underperform from Sector Perform at
RBC Capital. Its price objective, previously $18, is now $15 amid
Medicare Home Health rebasing issues.
(ARIA): Three days late and a dollar short? After Friday's 40.67%
fall in ARIA, Oppenheimer reduces its recommendation to Perform
(CBF): Calling the stock fairly valued at current levels, Compass
Point cuts the rating to Neutral from Buy. Its target price is $24.
(CLS): Canaccord Genuity gives the electronics outfit a
(K) is cut an unusual 180 degrees, to Underperform from Buy, at
Bank of America-Merrill Lynch, which lowers competitor
(GIS) to Neutral from Buy.
Chipotle Mexican Grill
(CMG): The fast food firm, coming off a stellar week, is moved to
Hold from Buy at Miller Tabak amid understandable valuation
(FHN): Shares are now Neutral from Overweight at JPMorgan.
Goodyear Tire & Rubber
(GT): Deutsche Bank gives GT a Hold-from-Buy downgrade.
(OTCMKTS:IBDRY): The Spanish energy outfit is now Neutral from
Outperform at Credit Suisse.
(KALU): Shares are cut to Hold from Buy at KeyBanc.
(LUX): Goldman Sachs slashes the maker of Oakley sunglasses to Sell
(MRO): MRO gets downgraded to Neutral from Buy at ISI Group.
(MYGN): MYGN is now Underperform from Neutral at Credit Suisse.
Reinsurance Group of America
(RGA): Shares are moved to Market Perform from Outperform at Keefe
(REV): BMO Capital cuts the cosmetics company to Market Perform
(OTCMKTS:TNTEY): Shares of the package delivery outfit are taken to
Neutral from Buy at UBS.
(TKC): UBS lowers its rating to Neutral from Buy.
(SLCA): The stock is moved to Market Perform from Outperform with
William Morrison Supermarkets
(OTCMKTS:MRWSY): The British grocery giant gets downgraded to Sell
from Hold at Deutsche Bank.
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