No, Virginia, there is no Santa Claus. Shares ended broadly
lower in tight trading after an economic index out of Old Dominion
revealed unexpected weakness. For good measure, Richmond-based
), maker of Virginia Slims, tumbled 2.41% in a terrible tobacco
Helicopter Ben Bernanke
, invariably bearing gifts and sporting a similar white beard, does
a pretty passable imitation of Saint Nick, of course. Sikorsky
) didn't need our Fed head to provide it a lift, however. It topped
(^DJI) issues, advancing 2.95% to hit the highest level in its
) gained 3.57% on the day
shy Di spoke to us from beyond the grave in Great
. When the royal tiny tot is old enough, he may play with timeless
classic Monopoly. A new version
dispenses with jail
in our speeded-up age. A
hedge fund heavy should be so lucky
This morning in economics, analysts expect an increase in June new
home sales at 10:00 a.m. Eastern. On the corporate front, the
midpoint of the busiest week for quarterly earnings announcements
is upon us. Today's results are due to include
Alon USA Partners
(ALDW): Shares are now Neutral from Outperform at Credit Suisse.
(BRCM): Shares, imploding over 8% ahead of the open, are now
Neutral from Buy at Mizuho.
(CSE): CSE is now Neutral from Buy at Citigroup.
(CR): Citi cuts the company to Neutral from Buy.
(DISH): Shares are slashed to Hold from Buy with Wunderlich, whose
amended price objective is $50. Regulatory concerns regarding a
(DTV) remain a real risk, the broker believes.
(DD): The chemical company, a key
(^DJI) component, gets downgraded to Sector Perform from Outperform
at RBC Capital.
(GLF): GLF gets downgraded to Neutral from Accumulate at Global
(HINKY): The Dutch brewing behemoth is taken to Neutral from
Outperform at BNP Paribas.
: Compass Point lowers
(PHM), each now Neutral from Buy.
Mattress Firm Holding
(MFRM): Shares are slashed to Hold from Buy at Stifel.
(MUR): The energy outfit is moved to Sector Perform from Outperform
at RBC Capital Markets.
Norfolk Southern Corp.
(NSC): Bank of America-Merrill Lynch reduces the railroad to
Underperform from Neutral.
(PCAR): The truck maker's stock is trading lower before the bell on
a Neutral-from-Overweight ratings reduction at Piper Jaffray, whose
analyst wrote in a note that their market share in Britain "could
be a burden in 2014" as legal requirements increase.
(PLCM): RBC Capital reduces its rating to Underperform from Sector
Portland Gen Electric
(POR): Deutsche Bank downgrades the utility to Hold from Buy.
(VCLK): Goldman gives the stock a Neutral-from-Buy downgrade.
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