Stocks lost ground again as it became increasingly apparent we
are now living in what Winston Churchill once called "the locust
, each arriving at 17-year intervals, have both plagued 2013. All
things considered, however, the damage done to
(INDEXDJX:.DJI) Industrials has thus far been relatively minor;
perhaps, unlike those pesky insects, Uncle Sam's unerring ability
for ineptitude has simply lost its buzz. On an otherwise down day,
interestingly enough the owner of The
) Building advanced 1.06%. Built in barely a year during the depths
of the Depression - Ground Zero stood essentially idle for the best
part of a decade - this iconic edifice shames the ongoing D.C.
inaction and stands as a salient reminder of when we could swiftly
get things done.
Among stocks on the move, radio powerhouse
) plunged 4.40%, this as an erstwhile
Top 40 titan deserves far better treatment
Barnes & Noble
) nose-dived 5.34% and
) proved two-faced, falling 1.03% despite being
begun with a bullish buy
. For those with no time to read an entire novel, preferring
instead a brief
Passage to India
, blue chip
International Business Machines
) lost 1.14% after incurring a
rare rating reduction
. For it turns out that the tech titan now apparently
employs more people on the Subcontinent than it
does here at home
Economic data remains on hiatus due to the government shutdown, but
Wolverine World Wide
(WWW) all unofficially usher in third-quarter earnings season when
they release results today.
(ABMD): Shares get upgraded to Buy from Speculative Buy at The
Benchmark Company, whose price objective is $25.
(AVP): The cosmetics company is increased to Outperform from Market
Perform with Wells Fargo.
(CLD): Stifel boosts the stock to Buy from Hold.
(FNSR): Shares are hoisted to Hold from Underperform at Jefferies.
(OTCMKTS:LUKOY): Deutsche Bank lifts the overseas energy outfit to
Buy from Hold.
Procter & Gamble
(PG): The consumer products powerhouse, a key Dow component, gets
moved to Outperform from Market Perform with Wells Fargo. Catalysts
include the return of A.G. Lafley as its CEO in addition to market
share increases. Shares are, accordingly, showing strength ahead of
this morning's opening bell.
(THC): Citing good gains in outpatient revenue growth, Goldman
Sachs gives the stock a Buy-from-Neutral boost.
Stock Downgrades: Jamba, JC Penney, and Alaska
New Stock Coverage: Energizer, Whole Foods, and