Stocks, now down for three straight sessions, endured another
hard landing. Led, appropriately enough, by
), which dived a
(INDEXDJX:.DJI)-worst 3.31% after a
. (And this on the day
its 747 Dreamlifter airplane ended up at the wrong
airport in Wichita
. Truly, Toto, we ain't in Kansas any more.) Despite the best
efforts of the omnipresent Boeing -
$1.12 million in precious metal bars were recently
found stashed in a 737's toilet
- bullion fell to a fresh four-month low. Rather than venture into
its on-board restrooms, you would be better advised to simply
buckle up and stay put if you can. Especially on a day
(EPA:ZC), the world's largest maker of airline seats, gained 3.1%
to a two-decade high. Cigarette stock
), just downgraded, lost 2.37% on a difficult day for US markets.
This after it emerged that there are
health benefits to stopping smoking even in your
. Bill Clinton, who famously did not inhale in the '60s, could not
be reached for comment, but the Bills came due all over Wall
) Mr. Gates saw his stock gain 0.39% to best all blue chips. And,
much to the ire of Ackman,
) surged 6.47% after Bill Stiritz boosted his holding in the
nutritional supplements name.
In terms of economic events that may move US markets this morning,
analysts expect a fall in November's Philadelphia Fed Index at
10:00 a.m. Eastern. Regarding specific stocks,
Abercrombie & Fitch
The Fresh Market
(TFM) are all due to report quarterly results.
American Railcar Industries
(ARII): Raymond James reduces its rating to Underperform from
(ED): The Big Apple-based electric utility outfit may run out of
juice after getting downgraded to Underperform from Hold at
(SJM): The problems for peanut butter powerhouse J.M. Smucker,
which slumped an
(INDEXSP:.INX)-worst 6.54% on Wednesday, may not be over in a Jif.
J.M. Smucker remains in a real jam after getting moved to Neutral
from Overweight at JPMorgan this morning.
(OTCMKTS:MGDDY): HSBC Securities takes the French tire titan to
Neutral from Overweight.
National Fuel Gas
(NFG): Shares are now Perform from Outperform at Raymond James.
Philip Morris International
): More bad news for the Marlboro Man. Philip Morris International,
which tumbled 2.37% yesterday, gets slashed to Neutral from Buy at
Goldman Sachs. Philip Morris International is also pulled from the
financial firm's Conviction Buy list. The bank's concerns include
recently-lowered earnings guidance from the tobacco titan.
(QCOM): Qualcomm is cut to Outperform from Strong Buy at Raymond
James. Chipmaker Qualcomm just held its annual analyst day.
New Stock Coverage: Facebook Looks Mighty
Stock Upgrades: Green Mountain Far From Over the