Cruz and cruise combined to scupper stocks, with shares sinking
for a fifth straight session as the Tea Party poster child sent
equities deeper into hot water already occupied by an
), which dived 5.33%. As a result, the
S&P 500 Index
(INDEXSP:.INX) endured its longest losing streak all year. Amid the
) up 2.08% to a fresh best, even as fully
15% of us still don't get this whole Interweb
. A day that began with
Letta ringing the opening bell
ended with the Post Office in ever more dire straits. Its two
cents' worth involved a proposal to raise stamp prices by three
cents. This as the lumbering bureaucracy is expected to lose $6
billion this year, the sort of
incompetence that usually only occurs in the
Today's economic data includes August pending home sales at 10:00
a.m. Eastern, with analysts calling for a fall. In earnings action,
), fashion firm
Hennes & Mauritz
(OTCMKTS:HNNMY), spice stock
) are all due to release results.
(ARO): BlueFin boosts the clothing company to Outperform from
(ABV): The Brazilian beverage behemoth, officially called Companhia
de Bebidas das Americas, is increased to Outperform from Neutral at
(AMAT): The tech name is taken to Buy from Hold by Berenberg.
(CBST): Leerink Swann lifts the firm to Outperform from Market
Perform. Its target is increased substantially, by $19 to $76.
(DMND): The snack stock whose offerings include Pop Secret and
Kettle Brand gets upgraded to Buy from Hold at BB&T Capital.
(OXY): Shares in the energy company get upgraded to Outperform from
Market Perform with Wells Fargo.
Portland General Electric
(POR): Wells Fargo juices the electric utility to Outperform from
(WSO): Robert W. Baird boosts the wholesale electronics outfit to
Outperform from Neutral.
(GWW): The industrial stock is now Neutral from Sell at Citigroup.
(XYL): The diversified machinery name is moved to Overweight from
Equal Weight by Barclays, which also increases its price objective
to $33 from $26.
Stock Downgrades: Diamondback Energy Is Strictly
New Stock Coverage: Diamond Seller Blue Nile Set to