Equities, having endured an utterly awful August, took a
Hot Tub Time Machine
, and revisited better days to begin September. (
Apologies to "Dr. Doom" for the metaphor
but, being by all accounts a committed swinger, he can surely
(INDEXDJX:.DJI) oscillating in a wide 155-point range.) Truth be
told, yesterday investors returned not merely to the 1980s but went
even farther back than that. "Where have you gone, Joe Dimaggio?"
sang Simon and Garfunkel in 1968. He was
last seen selling Mr. Coffee
, and will have enjoyed a 10.43% jump in its owner
). In the 1970s a newly single Mr. Simon
penned a hymn to
(OTCMKTS:EKDKQ), which yesterday fell 45.64% after emerging from
bankruptcy. And as for those Woodstock-era Easy Riders of
just turned 110 years young
, time has not been kind, as a
. Its stock has, however, aged far better, advancing another 1.82%
to stand at a fresh multi-year peak.
Today in economic data, the Federal Reserve's beige book detailing
regional financial conditions in a dozen districts is released at
2:00 p.m. Eastern. On the quarterly earnings front,
(SAI) are all due to report results.
(ALSN) The auto parts outfit gets upgraded to Buy from Neutral at
(ANGI): Shares are raised to Outperform from Sector Perform at RBC
(OTCMKTS:BASFY): Macquarie moves the chemical company to Outperform
(BBY): Bank of America-Merrill Lynch lifts the big box retailer, a
stellar stock in 2013, to Neutral from Underperform.
BlackRock Kelso Capital Corp.
(BKCC): Keefe Bruyette boosts the money manager to Market Perform
(CBS) The broadcasting behemoth is upgraded to Overweight from
Neutral at Atlantic Equities. Yesterday shares surged 4.70% on the
resolution of its dispute with
Time Warner Cable
(CCL) (price target taken to $45 from $36) and
(RCL) are each now Positive from Neutral at Susquehanna.
(EBAY): Wedbush adds the online auctioneer to its Best Ideas List.
Citing a boost from higher interest rates, Barclays moves
(PRU) to Overweight from Equal-Weight.
(MCC): The closed end fund is upgraded to Outperform from Market
Perform with Wells Fargo.
second successive session of dual upgrades
for the Finnish telecom titan, today taken to Neutral from
Underperform by BNP Paribas and Hold from Underperform at
Jefferies. (Note that shares also got downgraded this morning.)
(SI): The German industrial giant gets increased to Outperform from
Neutral by BNP Paribas.
(VZ): Robert W. Baird boosts the key
(INDEXDJX:.DJI) component to Outperform from Neutral amid optimism
over its Vodafone (VOD) deal. The price objective also increases,
by $1 to $53.
World Wrestling Entertainment, Inc.
(WWE): Roth Capital raises its rating to Buy from Neutral and takes
its target to $13 from $10 amid optimism over TV deals.
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