It's a funny old world when
), the stodgy food stock, and not
), the sexy tech stock, tops the entire
(INDEXSP:.INX) on a day the index reached a new record. We have
indeed come a long way from the stock market's Internet-inspired
millennial madness, when Ricky Martin had investors everywhere
"Livin' la Vida Loca." These days, Livin' Velveeta Loca is the way
to go, with a
sending its owner
) up 1.77%. And let's not forget Livin'
) Loca, after the kidney dialysis provider surged 6.71%. Dallas Fed
head Richard Fisher attempted to cast a pall on investors by saying
tapering should start "at the earliest opportunity" but equities
still ended up flying high, thanks to
) from next door Fort Worth. It jumped 2.71% on an upbeat
just in time for its trading debut. Unfortunately, there were no
quick bucks to be made in fast food.
(MCD) moved 1.12% lower after revealing its sales were adversely
impacted by competitive offerings from
(WEN). The latter has captured customers from its rival with an
imaginatively revamped menu. Pretzel buns, bacon portabello melt on
burgers topped with pot
- that sort of thing.
In terms of economic events that may move US markets this morning,
October wholesale trade inventories are released at 10:00 a.m.
Eastern. Regarding specific stocks, expect earnings announcements
HD Supply Holdings
Smith & Wesson
(EW): Shares are moved to Market Perform from Outperform with Wells
(HME): Morgan Stanley reduces Home Properties stock to Underweight
from Equal Weight. Its new price objective on Home Properties is
(DGX): Quest Diagnostics gets lowered to Underperform from Neutral
by Bank of America-Merrill Lynch. Its target price on Quest
Diagnostics stock is now $55.
(OTCMKTS:TLSNF): The stock is slashed to Sell from Hold at Deutsche
(TEN): RBC Capital reduces its rating on Tenneco to Outperform from
Top Pick. A relative lack of near-term upside is cited, and its
objective on Tenneco stock is $66.
Stock Upgrades: You Can't Stem the Rising Tide at
New Stock Coverage: Papa John's Just Hit the Mother