The Norwegian ambassador to New York has chosen to
decorate his country's Christmas Tree with Edvard
Munch's "The Scream."
That epic of existential angst entered the world, as did the
(INDEXDJX:.DJI), in 1896. As of yet, Wall Street has no reason to
be similarly afraid, not with money tree
) jumping 10.91% to top the
S&P 500 Index
(INDEXSP:.INX). Still, US markets did snap their eight-week winning
streak. Some shares did buck a bad tape, with
) hitting a 2013 high after buying data-analytic outfit Topsy,
) missives. Many of these pithy platitudes are inane drivel about
eating ham sandwiches for lunch, but occasionally - as when
Lindsay Lohan displayed undeniable erudition in
expounding on Fed policy
- they can indeed contain genuine nuggets. In marked contrast to
such real-time media,
opted to go old school in bringing back print
. One wonders if this is smart, given how fast our modern world
moves. Case in point: "Bitcoin Market Gets a Lift From China," said
Wall Street Journal
on Thursday. "Bitcoin Prices Slide on China's Concerns," declared
the same paper on Saturday. Type "Bitcoin bubble" into everyone's
favorite search engine and you get about 28,800,000 results in 0.32
seconds. It's all money for
), which hit the best level in its history on Friday and, unlike
the digital currency, remains comfortably above $1,000.
Last week's torrid pace of economic announcements cools off
considerably, with no top-tier data due this morning. In terms of
other events that may move US markets and impact specific stocks,
) each release results on Monday.
American Eagle Outfitters
(AEO): Stock in clothing company American Eagle Outfitters is
upgraded to Buy from Neutral at B. Riley & Co.
(AV): The insurer is trading higher today after being added to the
Europe 1 list of favored equities at Bank of America-Merrill Lynch.
Cabot Oil & Gas
(COG): Shares get upgraded to Buy from Hold at Deutsche Bank.
(RAIL): Longbow lifts the stock to Buy from Neutral.
(GILD): GILD gets upgraded to Buy from Neutral at DA Davidson,
whose price target increases to $60 from $52.
(HFC): HFC is hoisted to Overweight from Underweight at JP Morgan.
(KRFT): Stock in Kraft Foods, whose brands include Kool-Aid and
Miracle Whip, is moved to Overweight from Equal Weight at Morgan
Stanley. Productivity and restructuring are each cited as favorable
(MPC): Stock in Marathon Petroleum is now Neutral from Underweight
at JP Morgan.
(MHK): The stock is upgraded to Outperform from Neutral at Credit
(PSX): Shares are boosted to Buy from Hold at Deutsche Bank.
Portland General Electric
(POR): Barclays raises its rating to Overweight from Equal Weight.
(VLO): The stock is lifted to Buy from Hold at Deutsche Bank.
Stock Downgrades: Dean Foods Is on Santa's Naughty
New Stock Coverage: American Airlines Moves From Hamm
Actor to Hollywood Ending