Stock Downgrades: Jamba, JC Penney, and Alaska Air

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When National Bank of Greece ( NBG ), which surged some 16.12%, easily tops the entire NYSE, you know something isn't quite right. Thus did the Dow (INDEXDJX:.DJI) drop to a one-month low after comments by House Speaker John Boehner on a show hosted by that proud son of Athens, George Stephanopoulos . (Hey, where there's a Will, there's a way . Even if that other George is now a Fox guarding the hen house.)

With Uncle Sam again idle, telecoms were the sole sector to end up. Verizon ( VZ ) - its ability to charge the government $775 per month to tap our phone lines apparently unimpaired by the shutdown - gained 1.13%. Twitter (TWTR), which isn't even trading yet, followed up Friday's Tweeter inanity by being begun with a bullish "Buy" initiation . Alas JC Penney's ( JCP ) recent attempts to humanize the hashtag fell flat on its face, as it plunged 1.91% to a fresh low. And we received redundant proof that misery does indeed love company as Rick's Cabaret ( RICK ) - whose stock has been on a rocket to the moon of late - lost 1.36% after the adult entertainment operator banned the 0-5 Giants from its premises .

Economic data remains on hiatus due to the government shutdown, but Alcoa ( AA ), Yum Brands (YUM), and Wolverine World Wide (WWW) all unofficially usher in third-quarter earnings season when they release results today.

Alaska Air (ALK): Shares are downgraded to Hold from Buy at Deutsche Bank.

Boston Properties (BXP): Bank of America-Merrill Lynch lowers the real estate outfit to Neutral from Buy.

Brookfield Office Properties (BPO): Shares are moved to Neutral from Outperform at Macquarie.

Ceva Inc. (CEVA): The specialized semiconductor stock gets slashed to Perform from Outperform at Oppenheimer, which cites smartphone issues among other challenges to its earnings.

GDF Suez (OTCMKTS:GDFZY): The utility is trading lower in Europe today after getting downgraded to Neutral from Buy at Citigroup.

Group 1 Automotive (GPI): Morgan Stanley inflicts an unusual 180 degree (Underweight from Overweight) downgrade on the stock. Its reduced price objective is $64.

Jamba, Inc. (JMBA): The juice giant, falling 15% as I write, is moved to Market Perform from Outperform at Northland. A sharp slippage in sales, amid lower overall earnings guidance, are each cited. Its target is taken to $12.

JC Penney ( JCP ): The stock, which hit fresh lows yesterday but is bouncing back impressively this morning, are now Neutral from Buy at Sterne Agee.

Masco (MAS): KeyBanc moves home-builder MAS to Underweight from Hold.

Novartis (NVS): The pharmaceutical giant is falling overseas today after being taken to Neutral from Overweight at JPMorgan, which says that "improved capital allocation is already reflected [in its stock]."

Wells Fargo (WFC): Shares are now Neutral from Outperform at Macquarie.

(See also: New Stock Coverage: Energizer, Whole Foods, and Walgreen and Stock Upgrades: Procter & Gamble, Avon Products, and Cloud Peak Energy .)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Stocks

Referenced Stocks: AA , JCP , NBG , RICK , VZ



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