Most stocks were happy to hug
ahead of the Fed, although hospital operator
Health Management Associates
) found itself in intensive care, tumbling 10.86% after receiving
emergency room subpoenas from regulators. With markets going
nowhere fast, luggage maker
) ended off 0.83% on an
iffy analyst initiation
. (A penny for the thoughts of that poor fellow who
abandoned his bags at an airport instead of paying $1,400 in
), which blamed "
" for last year's
) earnings fiasco, surged 16.49% to a fresh 52-week peak, while
), which is more
partial to robots
, rose 2.24%. Elsewhere German consumer confidence hit a six-year
high. Justin Bieber better watch out, for when the Teutons get
tend not to monkey around
Today in economic data, the July Chicago Purchasing Managers Index
is expected to improve from the prior month's pace at 9:45 a.m.
Eastern. The Federal Open Market Committee concludes its two-day
policy meeting, with an interest rate announcement anticipated at
2:00 p.m. Eastern. On the earnings front,
(YELP) are all due to report results.
(ALU): Shares are now Buy from Neutral at Nomura, sending them up
about 2% as I write.
(BYD): The casino company is boosted to Neutral from Underweight at
(CMP): JPMorgan moves the equity to Neutral from Underweight.
(CMK): Shares are increased to Accumulate from Neutral at Global
Discovery Communications Inc.
(DISCA): With the broadcaster's annual
, Barrington boosts its shares to Outperform from Market Perform.
General Growth Properties
(GGP): The Real Estate Investment Trust gets raised to Sector
Perform from Underperform at RBC Capital.
(ISIL): The stock is increased to Buy from Hold at Needham, whose
target price is $12. A robust consumer pipeline is seen propelling
revenue in the third quarter.
(TVL): TVL gets taken to Outperform from Market Perform with Wells
(MWV): Shares are upgraded to Sector Perform from Underperform at
(OTEX): Amid optimism over the company's fairly new management
team, Benchmark gives its stock a Buy-from-Hold boost. Its price
objective is $85.
Owens & Minor
(OMI): Robert W. Baird raises its recommendation to Neutral from
(SYMC): The stock, surging some 6% ahead of the open on impressive
earnings, is now Outperform from Neutral at Robert W. Baird.
New Stock Coverage: Cloudy Outlook at Cablevision Systems
Stock Downgrades: Intrepid Potash, Inc. Goes to