If yesterday's trading action was an antidote to insomnia -
(INDEXSP:.INX) shares edged up all of 2.34 points - compared to the
panic that engulfed Wall Street
exactly 84 years earlier on the original "Black
boring was brilliant. An infinitesimal 0.13% increase was still
enough to take the benchmark index to another lifetime high. They
say "it's an ill wind that blows nobody any good" but, with
Britain buffeted by the St. Jude Storm
St. Jude Medical
) gained 0.63% to a historic peak. (Superstitious investors of a
certain age will, however, take ominous note that this was
England's most inclement weather since an October
spookily presaged another Black Monday
by a matter of hours.) In Spain, where they know all about
taking Quixotic tilts at windmills
, wind power pioneer
(OTCMKTS:IBDRY) rose 1.05% on a
, and received an additional analyst upgrade this morning.
Elsewhere, "neither snow, nor rain, nor heat, nor gloom of night,
nor the winds of change" could keep a 73-year-old
United Parcel Service
) driver from
going accident-free for over half a century
. Send that man some stock options, as his employer just increased
2.26% to a fresh best. The stork, if not the check, was in the mail
toddlers are an increasingly important revenue
. Based on its iffy holiday sales outlook, however, the erstwhile
tech titan may now have a great future behind it.
This morning the Federal Open Market Committee starts its two-day
policy meeting in Washington, DC, with an interest rate
announcement expected tomorrow at 2:00 p.m. Eastern. In earnings
Archer Daniels Midland
Buffalo Wild Wings
(YELP) are all due to release results.
(BBVA): Credit Suisse cuts the Spanish bank to Neutral from
(CYOU): The Beijing-based online gaming outfit, fresh from Monday's
20.19% tumble, is moved to Hold from Buy at Brean Capital this
Corporate Office Properties Trust
(OFC): Stifel slashes the stock to Hold from Buy.
(GG): The commodity company is now Neutral from Overweight at HSBC
(KEY): KEY is slashed to Sell from Hold with a $6 price objective
at Wunderlich, which worries about seasonality issues and an
oversupply in the US.
(KORS): The fashion firm, set to be added to the
S&P 500 Index
(INDEXSP:.INX) this week, is taken to Market Perform from
Outperform with Wells Fargo. Valuation issues - shares have surged
40.21% in the past year - are cited.
(SANM): The electronics outfit is now Hold from Buy at Needham due
to an uncertain earnings outlook.
Sunstone Hotel Investors
(SHO): ISI Group gives the equity a Neutral-from-Buy downgrade.
(UTL): Shares are reduced to Sector Perform from Outperform at RBC
(VOLC): Canaccord Genuity gives the medical appliance and equipment
outfit a Hold-from-Buy downgrade.
(WPP): Troubled by "deflating earnings" at the packaging
powerhouse, Deutsche Bank downgrades it to Hold from Buy.
New Stock Coverage: Halloween Almost Here, Potbelly
Serves Some Wicked 'Wichcraft
Stock Upgrades: Can I, Asks Apple? Yes Icahn!