September, what took you so long? Wall Street's historically
single worst month of the year was, well,
, for much of 2013 but is now belatedly showing us its true colors.
Stocks slumped for a fourth straight session on a day that saw some
serious swoons. Utterly
Linux operating system seller
) imploded an
(INDEXSP:.INX)-worst 11.71%. Its inventor Linus Torvalds once said
Software is like sex: it's better when it's
" and at this rate the stock soon won't cost you anything, either.
It was another torrid tape for big banks, with
) 2.22% tumble leading
(INDEXDJX:.DJI) laggards and
Bank of America
) following Monday's 2.1% drop with another down day. That
Fairfield bandit who recently robbed both in one
really owes Willie Sutton an apology. If he truly wanted to go
"where the money" is, hometown hero
) would have made a more logical target, with the blue chip gaining
again amid much red ink elsewhere. Similarly surging was
), which advanced 1.26% on an
. Mind you, considering the
auction house sold $201 million of Damien Hirst's
dubious "art" the very week Lehman went belly up
, it's no surprise to see it thriving a full five years on. Ah,
2008. That increasingly distant era when those in charge of
American International Group
(AIG) took the entire country for fools. Good thing
those days are over, eh?
Today in economics, analysts anticipate an uptick in August new
home sales at 10:00 a.m. Eastern. In earnings action, quarterly
announcements are expected out of
Bed Bath & Beyond
Ascena Retail Group
(ASNA): The clothing company formerly known as Dress Barn is
surging before the bell and moved to Market Perform from
Underperform with an $18 price objective at FBR Capital.
Cash America International
(CSH): Sterne Agee increases the pawn lender to Neutral from
(CF): The chemical stock is upgraded to Overweight from Neutral at
(CME): Keefe Bruyette boosts the exchange operator to Outperform
from Perform and also takes its target up by $8 to $89.
(CTRP): Citing strong travel booking, Deutsche Bank hoists the
stock to Buy from Hold. Its amended price objective is $65.
(DUK): The electric utility is now Buy from Hold at Argus.
(INFY): Robert W. Baird raises the Indian outsourcer to Outperform
from Neutral with a $58 target amid an improving economic backdrop.
(ISRG): SunTrust adds the robotic instruments outfit to its Top
(JBL): JBL gets juiced to Strong Buy from Buy at Needham.
(JAKK): The toymaker gets taken to Hold from Underperform at
(KBH): Shares get upgraded to Neutral from Cautious at ISI Group.
(JWN): The luxury retailer is raised to Outperform from Neutral at
Red Robin Gourmet Burgers
(RRGB): Shares are now Neutral from Underweight at Piper Jaffray.
(ROST): The stock is added to the Conviction Buy List at Goldman
Sachs, which calls the company a "long-term disruptor."
(SSNI): Shares get upgraded to Buy from Neutral at Goldman Sachs.
Stock Downgrades: Carnival Corporation Is in Deep
New Stock Coverage: Goldman Guarantees You're Going To
Like Men's Wearhouse