Wall Street, where lately every day has been Christmas, didn't
react at all well to being told its
- originally poised to appear in mid-November -
won't now arrive until December 25
(INDEXDJX:.DJI) thus retreated from recent records as a man with a
white beard (Ben Bernanke, not Kris Kringle) made shareholders
skittish. It was indeed a day to forget for the Fed head - his as
his newspaper of choice
) plunged an especially precipitous 4.06%. Amid much red ink
) advanced 3.41% to a historic high, and on
Charles Atlas' birthday
. (As for Ayn Rand,
she simply shrugged
.) Also bucking a bad day was one discount retailer, which rose
2.16%. Send some stock options to that
) lady who just called it quits in her 96th year
. And an
) imploded 8.48%, even as icy Norway, never hitherto thought of as
a hotbed of romance, is
encouraging its own
to counter a troubling trend toward divorce
It's another full day for third quarter earnings announcements,
American International Group
Time Warner Cable
(TWC), all expected to release results.
(CHUY): Even Dracula can count - the Tex Mex restaurant operator
did the Transylvania tumble yesterday, falling 3.43%. Fangs for the
memories? This morning, all that is forgotten, as Raymond James
raises its recommendation to Market Perform from Underperform after
(FB): Talk about two faced - shares were also downgraded this
morning. First, the good news. It is upgraded to Buy from Hold at
Pivotal Research. The price objective, previously $48, increases to
(EXPE): Bank of America-Merrill Lynch lifts the online travel
outfit to Buy from Neutral.
(HES): Shares are now Outperform from Neutral at Credit Suisse.
(ICLR): ICLR is increased to Strong Buy from Buy at ISI Group,
whose target is $49.
(ITRI): Brean Capital boosts its rating to Hold from Sell.
(MCHP): MCHP is moved to Buy from Neutral at Mizuho, whose
objective increases to $47 after the company's successful
(SM): Robert W. Baird raises its rating to Outperform from Perform
with a new $110 target amid high hopes for its Permian Basin
(THOR): Shares get upgraded to Buy from Hold at Canaccord Genuity.
(OTCMKTS:VLKAY): Citigroup takes the giant German car company to
Buy from Neutral.
Stock Downgrades: Halloween Mask? It's Facebook
That Frightens People
New Stock Coverage: Casella Waste Turns Trash Into