If you were Cuban - as
opposed to Cuban
- you likely had a terrific Tuesday, as the ghost of communist icon
Che Guevara took posthumous revenge on capitalism ahead of this,
anniversary of his assassination
. The Marxist revolutionary famously adorns dorm rooms across the
country, so a penny for his thoughts as
), founded in a dorm at Harvard, slid 6.68% as the
(INDEXNASDAQ:.IXIC) endured an especially tough time of it. The
proximate cause for the angst in equities was, of course, our
continued governmental gridlock. This as debt-ridden
the International Monetary Fund - mostly funded by our tax dollars
- and China, which just
fired a Communist Party official for spending
$260,000 on a wedding
, in lecturing us on the importance of living within our means.
Which, coming from that unholy trinity, really is a bit rich. (For
what it was worth - not much actually - Beijing matchmaking
) responded to the matrimonial mayhem by tumbling 10.77%.) All this
and hipsters, too? Brooklyn, already the trendiest place in
America, today gets yet more good news. Admittedly, the
demographics of their
, aged by the recent
addition of Albania's Blerta
, are not what they were, but as its
Old Gray Lady becomes Fed head
, New York's most populous borough is laughing all the way to the
Today at 2:00 p.m. Eastern, we will get meeting minutes to the
Fed's much-debated September 17-18 policy confab, at which it
unexpectedly opted to keep the monetary spigot intact. In corporate
Del Frisco's Restaurant Group
(FAST) are all due to release results.
(BIDU): Maxim moves the Chinese Internet outfit to Hold from Sell.
Calamos Asset Management
(CLMS): Shares get upgraded to Perform from Underperform at Keefe
(CBST): Mizuho moves the stock to Buy from Neutral with a new
target price of $77 as it expects Food and Drug Administration
approval of tedizolid toward mid-2014.
(EOG): The independent oil and gas outfit is now Outperform from
Neutral at Credit Suisse. Its price objective, previously $175,
increases to $210.
(HAL): Raymond James raises the oil services firm to Outperform
from Market Perform.
(MAS): MAS is moved to Neutral from Underweight at JPMorgan.
(MCK): Raymond James raises its recommendation to Outperform from
Michael Kors Holdings Ltd
(KORS): Citing a "staggering increase in mindshare" at the fashion
firm, Piper Jaffray juices its rating to Overweight from Neutral.
The stock, already up an impressive 32.98% over the past year, is
gaining again ahead of the open as a result of the analyst's upbeat
(OC): JPMorgan increases OC to Overweight from Neutral.
(AMTD): AMTD is taken to Perform from Underperform at Keefe
Bruyette, which also boosts its target price by $3 to $27.
(TK): The tanker stock is hoisted to Overweight from Equal Weight
by Barclays. Its price objective, previously $35, is now $56.
Stock Downgrades: K12 Inc. Goes Dunce Cap in
New Stock Coverage: Ruby Tuesday Neither Day Late Nor