(^DJI) dropped for a third straight day after Sandra turned into
Cassandra. Comments from the Fed's Ms. Pianalto indicating that the
end of easy money is almost at hand sent stocks slumping.
Bank of America
) was among blue chips to end under water after being
hit with a lawsuit from its activities five years
. As the Black Eyed Peas opined in
Boom Boom Pow
, "I'm so 2008." Fergie and Co. went on to complain "You so 2000
and late" but better late than never, and
) advanced 1.41% after eventually realizing its ill-fated merger
) 10 days into the millennium was so not worth it.
Another hip-hop artist once lamented that it's hard out there for a
pimp, and the
ex-head of the IMF can today attest how true that
. Mind you, it ain't exactly a bed of roses for Eliot Spitzer's
madam, either. Which was why his rival for New York City
Kristin Davis must resort to selling prescription
. Alas, her admirable efforts failed to assist
), America's largest (legal) provider of such products. Its shares
took their two-day tumble to more than 4%. And on the eve of
Dustin Hoffman's birthday
) definitely wasn't trying to seduce him in falling 5.49%.
Today's corporate earnings announcements are expected to include
Lions Gate Entertainment
Noodles & Co
(AGU): The fertilizer firm, which plunged along with industry peers
last week, is now Sector Perform from Underperform at National Bank
(GRPN): The daily deals website, surging after announcing Q2
earnings, gets upgraded to Neutral from Sell at UBS.
(LOW): JPMorgan raises the home improvement retailer to Overweight
from Equal Weight with a $52 target price amid greater consistency
and improved execution.
(MSFT): The tech name endured an utterly awful July but it has made
a better start to August. Yesterday's top
(^DJI) stock is showing further strength before the bell on an
Overweight-from-Equal Weight increase at Evercore. An investor day
slated for September 9 could provide a boost, the broker believes,
and its price objective increases by $3 to $38.
(PNRA): Shares get boosted to Buy from Hold with Wunderlich, which
takes its target price up by $12 to $212. Improving sales and
operating trends are cited.
(QUAD): Shares get upgraded to Sector Perform from Underperform at
(RLD): Brokerage boutique B. Riley & Co. raises RLD to Buy from
(SUNE): Bank of America-Merrill Lynch lifts the small cap company
to Buy from Neutral.
(SLF): Shares are upgraded to Outperform from Perform by BMO
(SXL): The stock is upgraded to Accumulate at Tudor Pickering.
(TTM): TTM is taken to Buy from Neutral at Nomura.
(TOT): Morgan Stanley takes the European oil stock to Overweight
New Stock Coverage: Nike Inc Jumps to It
Stock Downgrades: Today's Takedown of Tesla Motors Inc
Looks Like Road Kill