Lions and tigers and bears? Well, as Meatloaf once said, two out
of three ain't bad. We had
Tony the Tiger
. (Not forgetting a
golf shot heard 'round the world from Mr. Woods
(BBW:NYSE), meanwhile, finished at a fresh 52-week peak to take its
12-month increase to an even 144.00%. But, with all due respect to
Katy Perry's current chart-topper
, I'd be a lying king if I told you equities yesterday returned to
the Roaring Twenties. No, US markets meandered, with stocks falling
ever so slightly in anemic trading action. On a day
) dropped a
) money men were saying "
Sorry, wrong number
" after a
departing broker left them in the lurch
. (You could look it up but, with Yellow Pages publisher
) tumbling 29.78% to an all-time low, now's probably not the time.)
$160 billion acquisition 10 days into the
was an indication Mr. Market had lost his mind, turned back time to
gain 8.52%. The year 2000 truly was eons ago,
back when Marshall Mathers was big
In terms of events that may move markets this morning, September
leading economic indicators are expected to come in essentially
unchanged at 10:00 a.m. Eastern. Regarding specific stocks,
Whole Foods Market
(WFM) are all due to announce earnings.
(CAH): Sterne Agee boosts the stock to Buy from Neutral, sending it
up before the bell.
(ECA): Bank of America-Merrill Lynch lifts its investment
assessment to Neutral from Underperform.
(ENDP): ENDP gets increased to Hold from Sell at Cantor
Fitrzgerald. Its price objective, previously $30, is now $54.
(HBHC): SunTrust takes the stock to Buy from Neutral.
(HST): HST is hoisted to Buy from Neutral at SunTrust.
(ININ): The name is now Outperform from Perform at Northland
Capital, whose target price is also taken up by $15 to $78 from $63
after its earnings announcement.
(ODP): Office Depot, whose stock has surged 125.10% in 12 months,
is raised to Buy from Neutral at B. Riley. Office Depot is
currently closing in on a combination with
(OMX). The broker sees impressive merger synergies as a result.
(OPEN): Shares, up better than 4% this morning, are moved to Hold
from Sell at Craig-Hallum.
(PIKE): Shares, which yesterday tumbled 12.71%, are juiced to Buy
from Neutral at Janney.
(OTCMKTS:RYAAY): Budget Irish air carrier Ryanair Holdings, which
just endured its worst day for half a decade, is boosted to Buy
from Neutral at Nomura. Even allowing for its recent wobble, stock
in Ryanair Holdings is still up 36.19% in the past year.
(SCCO): The stock is moved to Market Perform from Underperform at
(TMUS): T-Mobile US is taken to Buy from Hold at Canaccord Genuity
after its impressive third quarter earnings. Separately, T-Mobile
US - whose stock is at a fresh 52-week peak as we speak - sees its
price objective boosted by $3 to $33 at Hudson Square Research.
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