Wall Street's age-old advice to "buy Rosh Hashanah" proved
profitable once more as Wall Street
partied like it was 1899
, the last time the Jewish New Year arrived this early on the
Western calendar. The
S&P 500 Index
(INDEXSP:.INX) thus scored its third successive increase to start
September, although an ominous spike in
(^AXTEN) yields suggests more difficult days lie ahead. Indeed it
was a bad day for Bonds all around, with
the original 007 leaving Queens shaken
, not stirred, after seeing his fellow Scotsman exit the
ever-popular US Open
in his inimitable Edinburgh accent
wish to forsake Scots whisky, he could do worse than order up a wee
dram of the world's largest winemaker
Constellation Brands, Inc.
), which yesterday took its 12-month surge to 70.45% in hitting an
Today's quarterly earnings announcements are expected to include
Mattress Firm Holding
Associated British Foods
(OTCMKTS:ASBFY): Shares are upgraded to Hold from Sell at SociÃ©tÃ©
Constellation Brands, Inc.
): Bank of America-Merrill Lynch lifts the world's largest
winemaker, which hit an all-time high yesterday, to Buy from
(DEO): The world's biggest spirits maker, whose brands include
Guinness and Johnnie Walker, is trading higher in London today
after Citigroup transitioned analyst coverage with a Buy, up from
its prior Neutral assessment.
(EBAY): Robert W. Baird raises the online auctioneer to Outperform
(ERIC): The Swedish telecom titan is showing strength in today's
European trading after being taken to Outperform from Neutral at
Credit Suisse, which sees accelerating growth in
wireless-infrastructure as a catalyst.
E TRADE Financial
(ETFC): Shares get upgraded to Buy from Neutral at Goldman Sachs.
(FIVE): UBS increases the clothing company to Buy from Neutral.
(KEY): Credit Suisse moves the money center bank to Outperform from
(KFY): The stock is now Outperform from Neutral at Robert W. Baird,
which also increases its price objective by $4 to $24 amid an
(MCO): Lazard lifts the stock to Buy from Neutral.
(OAS): Deutsche Bank hoists the energy outfit to Buy from Hold.
(SI): The German industrial giant gets upgraded to Buy from Hold at
(SKUL): Raymond James raises its recommendation to Market Perform
(OTCMKTS:SONVY): Shares of the world's largest hearing aid maker
are surging overseas this morning on an upgrade to Buy from Neutral
at UBS, which praises its prospects in the ocular implant arena.
(SYK): The medical device maker is now Outperform from Neutral at
(STI): STI is taken to Buy from Hold at Deutsche Bank.
(TMUS): William Blair boosts the telecom firm to Outperform from
(PAY): Shares are now Outperform from Neutral with Wedbush.
Stock Downgrades: Mannkind Suffers the Cruelest
New Stock Coverage: Don't Be a Jerk - Buy BMW