"circus" in Washington
, P.T. Barnum was appropriately the only one making money last
week, as an
erroneous Twitter trade
proved once again the accuracy of
the ringmaster's most famous phrase
. Some stocks did buck a bad tape, with
Delta Air Lines
), now up 148.42% in a year, finishing Friday at a fresh best
having advanced in nine of its past 10 trading sessions. (It's
apparently so easy,
even a nine-year-old can do it
) imploded 16% on worries over its obesity drug but
) surged 119.79% after going public.
Medal of Honor recipient
, who fought at the Battle of the Bulge, sadly left us, as indeed
eminent military author
. In 1994′s
Debt of Honor
, Tom Clancy wrote of an airline crashing into the Capitol,
preposterous fiction that would become
horrifically real seven years later
Coat Factory was located near New York's Ground
, rose 47.12% in its stock market debut last week.
Today in economics, August consumer credit is predicted to expand
at 3:00 p.m. Eastern. In earnings action, expect
) to release results.
(ABB): The European industrial giant gets upgraded to Neutral from
Underweight at JPMorgan.
(OTCMKTS:AHEXY): Barclays boosts the stock to Overweight from Equal
(AAPL): It is hard to believe that the tech titan's
iconic founder left us two years ago
already, but Steve Jobs would surely be happy to see his
long-suffering outfit apparently on the way back. Today it scores a
Buy-from-Hold hoist at Jefferies, whose price objective also
increases by $175 to $600. Gross margin improvement gives the
broker increased grounds for optimism, and shares are bucking
today's terrible overall tape as a result.
(BBRY): Macquarie moves the tech name to Neutral from Underperform.
Canadian National Railway
(CNI): Shares are raised to Outperform from Sector Perform at RBC
(CTXS): The tech stock gets taken to Overweight from Equal Weight
by Barclays, whose price objective also increases by $8 to $60.
(OTCMKTS:EONGY): BNP Paribas boosts the German utility giant to
Outperform from Neutral.
(ESS): Shares are given a Buy-from-Neutral upgrade at ISI Group.
(HAIN): Piper Jaffray juices its rating to Overweight from Neutral.
(INFY): The Indian outsourcer is hoisted to Buy from Hold at BNP
(LAZ): Pointing to improving profit margins, Goldman adds its
fellow financial firm to its Conviction Buy List from a prior
opinion of Neutral.
(HZO): The aquatic outfit is now Buy from Neutral at B. Riley &
(MXL): MXL is moved to Outperform from Market Perform at JMP
(RLGY): Goldman Sachs gives the property management firm a
Buy-from-Neutral upgrade, sending it up ahead of the open.
(SIG): Shares get upgraded to Buy from Hold at Deutsche Bank.
Tate & Lyle
(OTCMKTS:TATYY): SociÃ©tÃ© GÃ©nÃ©rale gives the stock a boost to
Buy from Hold.
(TISI): TISI is taken to Buy from Hold at BB&T Capital Markets.
(UMPQ): The regional financial firm is raised to Buy from Neutral
at Sterne Agee.
(WOR): KeyBanc Capital Markets moves the metal fabrication firm to
Buy from Hold.
(XL): Evercore increases the insurance outfit to Overweight from
New Stock Coverage: Facebook, General Electric, and
Stock Downgrades: IBM, Alcoa, and Qualcomm
Disclosure: Minyanville Studios, a division of Minyanville
Media, has a business relationship with BlackBerry.