won an economics Nobel while getting out of the
, but investors mercifully managed to recover from their early (
) bath. Assisted, it must be added, by a 2.10% Columbus Day jump in
Columbus-based Bath & Body Works owner
(INDEXDJX:.DJI), down an Econ 101 during the morning's depths,
ended up 64 by the afternoon amid signs of progress on Capitol
Hill. Equities have thus advanced for four straight sessions
although, compared with
Wall Street's showing 17 years ago to the day
during irrationally exuberant 1996, the gains were small potatoes.
As Stockholm honored a man who
presciently warned of a housing house of cards in
) surged 7.82% to top the
S&P 500 Index
(INDEXSP:.INX) due to the success of its
House of Cards
. (This on a day
) tumbled 2.14% in a terrible tape for homebuilders.) Speculation
) may choose Mark Hurd, a man hounded out of
alleged sexual harassment
, as its next CEO. On this, the 22nd
anniversary of Clarence Thomas' confirmation
to the Supreme Court, even
one of Warren's protÃ©gÃ©s
finds himself ensnared in a similar scandal.
There isn't any top-tier economic data due today but third quarter
earnings season starts in earnest with
Johnson & Johnson
(YHOO) all due to report results.
(CCOI): Citigroup boosts the stock to Buy from Neutral.
(ESI): ESI is increased to Outperform from Market Perform with
): The maker of Xbox and Windows is showing strength this morning
after being moved to Buy from Hold at Jefferies. Its price
objective, previously $33, increases to $42. In the bank's opinion,
Office 365 cloud strategies offer promise.
(OTCMKTS:SHCAY): Jefferies juices the Japanese electronics giant to
Hold from Underperform.
(TSLA): The cult car company is taken to Outperform from Neutral
with Wedbush, which says a hitherto-skeptical public is gradually
coming around to the idea of electric vehicles.
(TXN): Susquehanna boosts the semiconductor stock to Neutral from
Zurich Insurance Group
(OTCMKTS:ZURVY): Shares are showing strength in today's European
trading after getting taken to Neutral from Underweight at
New Stock Coverage:
Advance Auto Parts Hits a Pothole
Stock Downgrades: Default Lies With Dassault