"Buy on the sound of cannons; sell on the sound of trumpets."
Fabled financier Nathan Rothschild's advice from 1810 proved
equally on the money in 2013. When
) closing bell officially ended trading on Monday
, a rare down session in equities, investors promptly took it as a
sign to buy big on Tuesday.
The Fed may be readying to remove its long-running sugar rush, but
HÃ¤agen-Dazs offering free ice cream
and Ben & Jerry's owner
) just upgraded, market hypoglycemics need not fret. The
S&P 500 Index
(^GSPC) hit yet another record in a Roaring Twenties market the
would instantly recognize.
), which bills itself as "America's diamond store since 1924,″
surged 12.03%. In his famous book, F. Scott Fitzgerald famously
said that "the city seen from the Queensboro Bridge is always the
city seen for the first time, in its first wild promise of all the
mystery and the beauty in the world."
built an outpost beside the bridge
, appropriately enough hit the highest level in its history after
On the earnings front,
Jack in the Box
(SKX) are all due to report results today.
(ARO): BMO Capital Markets moves the apparel outfit to Outperform
from Market Perform, sending it up 3.1% this morning.
(OTCMKTS:CRZBD): The German bank, up nicely in today's European
trading, is now Neutral from Reduce at Nomura.
(OTCMKTS:CRARY): JPMorgan moves its fellow financial firm to
Overweight from Neutral.
): Citigroup raises its recommendation on the clothing company,
whose other brands include Banana Republic, to Buy from Neutral,
taking its price target up by $8 to $48. Old Navy's "must-have
products" "are…inspirational and convenient," its analyst wrote in
a note. Shares are, accordingly, up 1.5% as I write.
(NRGY): NRGY is now Overweight from Neutral at JPMorgan.
(OTCMKTS:MDIUY): The Milanese media empire overseen by Silvio
Berlusconi is increased to Buy from Neutral at UBS.
(PRU): Argus increases the insurance outfit to Buy from Hold.
(RBC): RBC is raised to Outperform from Neutral at Credit Suisse.
): The consumer products powerhouse, owner of household names
including Axe and Vaseline, gets a Buy-from-Reduce raise at Nomura.
New Stock Coverage: LinkedIn Will Have a Hard Job
Stock Downgrades: Domino's Pizza Is Overdue for a