War, what is it good for? To answer Edwin Starr's Woodstock-era
always quite a lot in equities
(INDEXDJX:.DJI) is now up 64 points in the past two sessions, even
as saber rattling with Syria continues. Indeed this is an
especially inopportune time to say farewell to
), judging by that stock's upgrade-inspired advance this morning.
Military might gave us the GPS
, still going strong if yesterday's
(INDEXSP:.INX)-leading gain in
) is any indication. And
the Cold War conjured up the Hotline
, whose anniversary we just celebrated. (Telecom titan
) celebrated by surging 2.71% to best all blue chips.) The specter
World War II still haunts
a generation on
) is anything but shell shocked after advancing 3.21%.
Today in economics, this month's Chicago Purchasing Managers' Index
is out at 9:45 a.m. Eastern, followed by the University of
Michigan's final figure for August consumer confidence at 9:55 a.m.
On the earnings front,
Sears Hometown and Outlet Stores
Yingli Green Energy
(YGE) are all due to report results.
(APA): The energy outfit, surging about 6% this morning after
selling an oil asset in Egypt for $3.1 billion, gets upgraded to
Outperform from Sector Perform at RBC Capital.
): The British semiconductor stock, a key supplier of chips to
(AAPL) iPad, gets an unusual 180 degree Buy-from-Sell hoist at
Deutsche Bank. A steep summer slump provides compelling value, in
the broker's opinion.
(CPA): Raymond James raises its recommendation on the Panamanian
air carrier to Strong Buy from Outperform.
(CRH): The Irish construction company is boosted to Outperform from
Neutral by BNP Paribas.
(DB): JPMorgan moves the giant German financial firm to Overweight
from Neutral, sending shares up more than 2% in today's European
(INTC): The semiconductor stock, a key
(INDEXDJX:.DJI) component, is increased to Buy from Hold with a $28
price objective at Argus. Smartphones and tablets offer more
promise than many believe, in the broker's assessment.
Sanchez Energy Corp
(SN): RBC Capital raises the stock to Outperform from Sector
Select Comfort Corp.
(SCSS): Citing steadily improving fundamentals, KeyBanc moves the
adjustable mattresses maker to Buy from Hold.
(SPLK): The software stock, surging some 9.30% before the bell
after its Q2 earnings beat the Street, is upgraded to Outperform
from Market Perform at FBR Capital. Catalysts include strong
secular trends in data and larger deal sizes. Its price objective,
previously $48, is taken to $61.
(TI): Sanford Bernstein takes TI to Outperform from Market Perform.
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