inflatable objects might not get off the ground
, but why bother with balloons tomorrow when we're in a bubble
today? With assistance from another Miracle on 34th Street - the
retailer rose 1.26% to hit its highest level ever - there is indeed
much to be thankful for on Wall Street. US stock markets rose to
records, with the
(INDEXDJX:.DJI) now up for four straight sessions. As for
(INDEXNASDAQ:.IXIC), it hit 4000 for the first time since September
2000, even as its
grassy Noll stepped off the greasy poll
Tiffany & Co.
) topped the
S&P 500 Index
(INDEXSP:.INX) after touching an all-time best of $88.88 after
announcing blingy sales to Beijing. (No wonder eight is a lucky
number in China.) In the words of what
called the "slogan of the century," a diamond is indeed forever.
That matrimonial jingle was, ironically,
the work of two lifelong spinsters
. As for the
they loved and lost,
), home to real-life Don Drapers, gained 1.20% to a historic best.
), which reported results three hours ago, it is slim pickings for
earnings announcements today. In terms of economic events that may
move US stock markets this morning, at 9:55 a.m. Eastern the
University of Michigan's final figure for November consumer
confidence is expected to post an improvement from the preliminary
pace announced earlier in the month. At 10:00 a.m., analysts expect
October leading indicators to slip from September's rate. US
markets will be closed tomorrow in observance of Thanksgiving.
): Following fourth-quarter earnings that revealed weaker than
expected revenue, Drexel Hamilton downgrades the tech stock to Hold
(CPA): Shares are slashed to Sell from Neutral at UBS.
(DENN): The restaurant stock gets reduced to Neutral from Buy at
Janney Montgomery Scott. Yesterday's 2.74% jump has left the stock
with limited upside, in the broker's estimation.
(GPS): Argus cuts the clothing company to Hold from Buy.
(INTC): Intel, a key Dow member, is trading lower today after being
moved to Sector Perform from Outperform at RBC Capital. Its price
objective on Intel, previously $27, is trimmed by $1. There are
issues in both the mobile arena and Intel's return on investment,
according to the investment house.
(SBNY): Shares are now Neutral from Buy at Sterne Agee.
(TLYS): There is triple pre-Turkey Day trouble for Tilly's this
morning. The adolescent apparel outfit gets cut by Goldman Sachs
(Neutral from Buy), SunTrust (also Neutral from Buy, with its
target price taken to $13 from $20), and William Blair (Market
Perform from Outperform). Shares in Tilly's are currently tumbling
26.01% ahead of the open.
(TIVO): TiVo is taken to Equal Weight from Overweight at Evercore.
Its concerns over TiVo include cautious fiscal fourth-quarter 2014
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