An adaptation of Washington Irving's
just premiered to
but it is another of the author's somnambulant creations - namely
Rip Van Winkle - that most comes to mind as Mister Market awakes as
if Lehman never happened. (For good measure, the
S&P 500 Index
(INDEXSP:.INX) stock over the past five years
), based in the headless horseman headquarters of Tarrytown.) That
a man who brought Merrill Lynch to its knees during the financial
now on the board of
) - yesterday's best-performing
(INDEXDJX:.DJI) component, incidentally - indicates just how little
accountability came with the Great Recession.
Among equities on the move,
) snapped a brutal slide to advance 1.16% and
Abercrombie & Fitch
), involved in a contentious campaign to take over
London's old Apple Corps building made famous by
, rose 2.92%. The hoity-toity types it encountered there are known
in England as "
" but yesterday it was
that proved profitable for
), which jumped 25.11% to top the
Today the Federal Open Market Committee concludes its two-day
policy setting meeting in Washington, DC, with an interest rate
announcement expected at 2:00 p.m. Eastern. Ben Bernanke is due to
host a press conference at 2:30 p.m. In corporate earnings action,
(ORCL) are all slated to release results.
(BDX): Piper Jaffray moves the medical instruments equity to
Overweight from Neutral.
(CL): The consumer products powerhouse is boosted to Overweight
from Equal Weight by Barclays.
(ED): Goldman Sachs juices the New York electric utility name to
Neutral from Sell.
(HCA): HCA is hoisted to Buy from Neutral at Mizuho, which also
increases its price objective by $9 to $51 on account of potential
benefits from health care reform.
(IPG): The advertising giant gets upgraded to Hold from
Underperform at Jefferies.
(NOK): Didn't we just do this, not
? Another week, another upgrade for the surging Finnish telecom
titan, today trading higher in Europe after getting taken to
Outperform from Neutral at Credit Suisse.
Oil States International
(OIS): BMO Capital Markets increases the energy outfit to Market
Perform from Underperform.
(TLYS): The teen apparel outfit is now Overweight from Neutral at
(VIPS): Deutsche Bank boosts the discount and variety store
operator to Buy from Hold.
(WFT): The oil services stock is upgraded to Outperform from Market
Perform with Wells Fargo.
(WHR): Shares are added to the US 1 List of favored equities at
Bank of America-Merrill Lynch.
New Stock Coverage: Sprint Stuck in the Starting
Stock Downgrades: Procter & Gamble Is All Out of