Capitalism did admittedly have a terrible time of it, as the
(^GSPC) endured its second worst week all year. Yet, when Vietnam
must resort to
offering courses on Marxism-Leninism for free
to tempt its communist-averse students, it is clear that Winston
Churchill's comments on democracy also apply to the free market.
Namely, "It's the worst... except for all the others."
Equities slumped as Wall Street said, "Talk to the hand," and
Red China gave stocks the fat finger
. Amid the malaise, some shares did prove profitable.
) advanced 11% for its best showing in almost two years, its stock
soaring even as a
film about its founder predictably bombed
. August is, after all, where Hollywood has historically unloaded
all its schlock...
Snakes on a Plane,
anyone? (Actually - and with apologies to Orville Wright on this
his birthday - that flick was still a lot less scary than last
week's 14% fall in
A new studied showed that
people who have more sex make more money
. If all you want is a kiss and a cuddle, however, fear not:
XO Group Inc
), nÃ©e The Knot, surged some 7.05%. Stun gun maker
) also bucked a torrid tape with an 18% increase. If only we'd
taken that young man's eerily prescient advice in the autumn of
2007 - '
Don't Tase Me, Lehman Bro
" - think how much healthier our financial system would be now.
There isn't any top-tier economic data due today, but earnings
announcements are expected out of
Bob Evans Farms
American Midstream Partners
(AMID): The limited partnership is lifted to Outperform from
Perform with Wells Fargo.
(DG): JPMorgan raises the discount retailer to Overweight from
Neutral. More sustainable earnings growth is expected.
(GGB): HSBC Securities hoists the steel stock to Overweight from
Harvest Natural Resources
(HNR): The stock, which surged 7.65% on Friday even as equities
were finishing an awful week, gets hoisted to Buy from Hold at
Wunderlich. Catalysts include the company's assets in Gabon and
Indonesia. Its price objective, previously $4.75, is now $9.00.
(HUN): Macquarie moves the chemicals company to Outperform from
(INTC): The semiconductor stock and key
(^DJI) component, which has slid 17.58% in the past year amid
persistent PC weakness, is increased to Neutral from Underweight at
Piper Jaffray. A corporate refresh cycle, however limited, could
prove catalytic in the broker's estimation. Shares are currently
edging up in today's pre-market trading as a result.
(KALU): Sterne Agee raises its investment opinion to Buy from
Mid-Con Energy Partners
(MCEP): Robert W. Baird lifts the limited partnership to Outperform
from Neutral with a $26 target price, saying it is a good way to
play the geopolitics currently surrounding surging crude oil
Norwegian Cruise Line
(NCLH): UBS raises its recommendation on the cruise company to Buy
(PSA): RBC Capital raises the real estate investment trust to
Sector Perform from Underperform.
(PHM): The homebuilder, up 3.9% in last week's miserable market, is
this morning hoisted to Outperform from Market Perform with Wells
Fargo amid a "compelling" current valuation.
(TGD): Cowen takes small cap Canadian commodity company TGD to
Outperform from Market Perform amid an increasingly compelling
valuation with bullion trading close to an eight-week peak.
Stock Downgrades: No Indian Summer at Apache
New Stock Coverage: Will Today's Trading Be Murder on
Orient-Express Hotels Ltd.?