Clocks don't go back until Sunday, but last week stocks jumped
the gun - with no thanks to a 7% slump in firearm firm
) - by returning all the way to 1999. Inspired by the first World
Series since that year to feature baseball's top two teams,
man of the millennium
saw his stock surge 10.48% to a record, while
valuation now almost exactly mirrors what is was 14
(INDEXSP:.INX) index thus advanced to a historic high amid
favorable earnings and economic data. With unemployment falling to
a five year low of 7.2%, it was a good week for workmen, if
. The laziness of
Maytag repairman is legendary
but he can afford to join the ranks of American idle after that
stock jumped 9.6% in its best showing for 20 months. Elsewhere
), whose "
" still shows no signs of blowing over, agreed to pay $5.1 billion
to settle mortgage shenanigans. All the tea in China was powerless
getting into hot water over coffee prices in
. This left the country's citizen's steaming mad;
Madison Avenue, meanwhile, welcomed the store's
first Tevana in Manhattan
. And amid all the ebullience,
(CTXS) slid to a fresh 52-week low. The company's software lets
people access work files from home. Perhaps even including the
employee who claimed he couldn't make it to the office due to
his false teeth flying out the window while driving
down the highway
This morning in economic data, September pending home sales are due
at 10:00 a.m. Eastern. On the corporate front, just under half of
S&P 500 Index
(INDEXSP:.INX) have now released quarterly results. Today's
announcements are expected to include
(AZN): Bank of America-Merrill Lynch lifts the European
pharmaceutical giant to Neutral from Underperform.
Bank of Nova Scotia
(BNS): Credit Suisse moves its fellow financial firm to Outperform
(BMY): The drug stock is boosted to Overweight from Equal-Weight at
(CHH): The accommodation outfit, downgraded elsewhere this morning,
is now Neutral from Underperform at Credit Suisse.
(CUBE): Macquarie moves the stock to Neutral from Underperform.
(FTI): FTI gets taken to Buy from Neutral at Guggenheim.
(GNRC): Goldman Sachs gives the power generation name a
(OTCMKTS:IBDRY): JPMorgan moves the Spanish utility giant to
Neutral from Underweight.
(OGXI): Shares are now Strong Buy from Buy at Needham, which also
takes its target up by $10 to $30.
(PTEN): Goldman upgrades the energy outfit to Neutral from Sell.
T. Rowe Price
(TROW): UBS increases its investment assessment to Buy from
New Stock Coverage: Fate Therapeutics Leaves Nothing to
Stock Downgrades: Crocs Takes a Walk on the Wild