US markets surged, with stocks hitting fresh highs after being
inspired by a new economy icon whose headquarters are on San
Francisco's Market Street. But enough about
), which jumped 12.41%, for it is actually quaint enough to make
money. No, today is all about
), its red ink-bleeding, bluebird neighbor up the block. The
(INDEXDJX:.DJI) reached its 33rd record of the year, led by a 4.20%
). That advance took the stock to levels not seen since July 2000.
(To give you a sense of how long ago that was, that month's
headlines expressed shock -- shock that our own
National Security Agency was spying on innocent old
.) Not all equities shared in the ebullience. Malibu-based toy
) slid 6.97%, this with the
rent already too darn high
in the upscale California coastal community. (To cut costs, dude
can always couch surf with
its resident Barbie
, if Ken allows it.) And elsewhere in the Golden State, in case you
) azure-hued feathered friend is set to soar today, after pricing
its initial public offering at $26 per share. To quote a current
Blue Is the Warmest Color
don't expect to find the film at Blockbuster
In terms of today's economic events that may move US markets,
September consumer credit is expected to show a contraction at 3:00
p.m. Eastern. Regarding specific stocks,
(WEN) are all due to announce earnings.
American Eagle Outfitters
(AEO): American Eagle Outfitters, whose shares are surging before
the bell, are boosted to Buy from Hold at Brean Capital. Margins
are improving at American Eagle Outfitters, an adolescent-focused
(FBC): Shares are now Buy from Neutral at Compass Point, whose
price objective increases to $20 from $15.50. The bank is working
(FNMA) to put loan issues behind it.
(AWAY): Raymond James raises its recommendation to Strong Buy from
(PH): The stock is juiced to Buy from Hold at Jefferies.
(FUEL): Rocket Fuel gets increased to Outperform from Perform at
Oppenheimer. Rocket Fuel is a digital advertising outfit.
(SYNA): JPMorgan moves the tech name to Overweight from Neutral.
Two Harbors Investment
(TWO): TWO is taken to Buy from Neutral at Sterne Agee.
(WSM): Williams-Sonoma gets hoisted to Buy from Hold at BB&T
Capital. The stock of Pottery Barn owner Williams-Sonoma has risen
13.34% in the past 12 months.
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Canary Just Ate Caterpillar