It's just as well
Twinkies are about to return
to store shelves, for investors are already experiencing serious
withdrawal symptoms from the abrupt end of the Fed's sugar rush.
(Especially as Paula Deen is no longer around to dispense her
heartfelt diabetes advice.)
Ben Bernanke calling his actions akin to "letting up a bit on the
gas pedal as the car picks up speed" not only sent
) plunging 12% and
) dropping 8.7%, it sent stocks crashing everywhere else.
Utilities fell 4.2% as that yield-bearing sector continued to
correct even as the man who put the crooked "e" in onetime industry
darling Enron secured an
early release from his correctional facility
. A similarly disgraced ex-big wig at the IMF saw
his house sell for big bucks,
but the homebuilding space saw no halo effect, tumbling by the most
in 12 months.
And the world got its first look at
The Wolf of Wall Street
having been released just in time for the crash of '87, and
hitting our TV screens as the tech wreck of 2000 occurred,
investors should be very afraid.
There are no top-tier economic reports or earnings announcements
expected today, although the pace of each will pick up notably as
the week progresses.
Advanced Micro Devices, Inc.
): FBR Capital raises its rating to Outperform from Market Perform
and also takes its price objective up to $5.50 from $3.00.
Catalysts include a timely shift toward microservers and custom
Chiquita Brands International Inc
): BB&T Capital upgrades the fruit firm to Buy from Hold.
Chuy's Holdings Inc
): Shares get upgraded to Neutral from Underperform with Wedbush.
Digital Realty Trust, Inc.
(DLR): The stock is now Neutral from Sell at UBS.
: Goldman Sachs gives upgrades to
CBOE Holdings, Inc.
(CBOE) (Buy from Neutral) and
CME Group Inc
(CME) (Neutral from Sell.)
Charles Schwab Corp
(SCHW) gets an unusual 180 degree (Buy from Sell) upgrade at
Citigroup, which increases
Eaton Vance Corp
(EV) to Neutral from Sell and takes
T. Rowe Price Group, Inc.
(TROW) to Buy from Neutral.
First Solar, Inc.
(FSLR): Maxim moves the stock to Hold from Sell as the current
price provides an attractive entry point, in its view.
(GGG): Shares get upgraded to Neutral from Sell at Goldman Sachs.
(PHH): Saying the company represents a potential takeover target,
Compass Point boosts shares to Buy from Neutral. Its target price,
previously $22, increases to $26.
Portland General Electric Company
(POR): The stock gets upgraded to Buy from Neutral at Goldman.
TIBCO Software Inc.
(TIBX): TIBX is hoisted to Buy from Long-Term Buy at Hilliard
Westlake Chemical Corporation
(WLK): Shares are upgraded to Outperform from Market Perform with a
new $112 target at Cowen amid increasing ethylene margins.
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