When even Kate Upton can't stimulate Mr. Market, we've got a
problem. The two-time
cover girl has historically been awesome for equities.
freshly back on its front page
, even she was powerless to prevent the
(INDEXDJX:.DJI) from dropping for a ninth time in 11 sessions. And
adding insult to injury for the buxom beauty,
founded by her great grandfather
- was again taken to the cleaners and ended off another 1.55%.
In standout stocks, Bill Ackman's favorite short,
), slumped 6.62%, even as he
misspelled the firm who employs an analyst he
. (Since yours truly just called the owner of a near-perfect 1530
SAT score a "
" as you can imagine, I feel sic.) Speaking of analysts,
) analyzer found himself in hot water
-- this as the
bank boosted its arch-rival
). Its shares still tumbled 2.89%, perhaps because some investors
remember that the
bank wasn't always so well disposed to the Canadian
. On Wall Street, it is often "do as I say, not as I do."
September's employment report, originally due for release at 8:30
a.m. Eastern, has been postponed due to the government shutdown. In
earnings action, Taiwanese smartphone provider
(OTCMKTS:HTCKF) announced its first ever quarterly loss earlier
today. Here at home, sandwich shop
(PBPB) is expected to start trading this morning after pricing its
initial public offering at $14 per share.
(ACXM): The information technology outfit gets downgraded to
Underperform from Market Perform by BMO Capital Markets.
(ALGN): Amid an excessive valuation, Robert W. Baird takes the
teeth-straightening outfit whose clients include Justin Bieber to
Neutral from Outperform.
(CPHD): Shares are slashed to Sell from Cautious with a $34 price
objective at ISI Group, whose concerns include heightened
(CHS): The clothing company is cut to Market Perform from
Outperform with Wells Fargo.
(CSX): The stock, falling before the bell, is now Neutral from Buy
(FUL): Deutsche Bank downgrades FUL to Hold from Buy.
(IPI): The fertilizer firm is moved to Underweight from
Equal-Weight at Morgan Stanley
Sirona Dental Systems
(SIRO): Bank of America-Merrill Lynch lowers the equity by an
unusual 180 degrees, to Underperform from Buy.
(TSO): Oppenheimer takes the refiner to Outperform to Perform due
to a deteriorating earnings outlook.
US Airways Group Inc
(LCC): Shares, begun with a bullish Buy rating elsewhere this
morning, are also cut to Fair Value from Buy at CRT Capital.
Merger-related Justice Department issues loom large, the brokerage
Wynn Resorts, Limited
(WYNN): The Sin City casino company is now Neutral from Outperform
at Credit Suisse, which says the stock is now appropriately
Stock Upgrades: Exxon Mobil, OpenTable, and Moneygram
New Stock Coverage: US Airways, JDS Uniphase, and 21st
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