Herman Cain left the scene long ago but his
evidently lives on. This on a day
(INDEXNASDAQ:.IXIC) gained 9 points, helped by
9 million iPhones
flying off the shelves at
) getting a
$9 per share
buyout bid. Still, the
(INDEXDJX:.DJI) did drop and European stocks closed at their lowest
level since, naturally, 9/9, as German voters said "nein nein nein"
to awarding Angela Merkel an absolute majority. (Any country that
starts Oktoberfest in September
clearly can't be trusted with weightier matters.) Elsewhere,
) bucked a bad day to jump 3.90%. Its
left the building
- a good thing too, given yesterday's punk performance from the
homebuilders. And if yesterday's Scrooge-like holiday forecast from
Challenger, Gray & Christmas
is any indication, there may merely be a lump of coal in the
stockings of many retailers this year.
Today in economics, analysts expect The Conference Board's
September consumer sentiment survey to pull back from its August
pace at 10:00 a.m. Eastern. On the quarterly earnings front,
(LEN) are all due to release results.
(AREX): Shares are initiated with a Buy at Goldman Sachs.
Booz Allen Hamilton
(BAH): Morgan Stanley covers the consulting company at
Equal-Weight. Its target price is $21.
(CLR): The independent oil and gas outfit gets begun with a Buy at
(CVD): Credit Suisse launches Outperform-rated research on the
(SATS): Shares are initiated with an Outperform at Wells Fargo.
(PBH): Jefferies has a Hold on the maker of Efferdent, Luden's, and
(SPLK): Shares are initiated with a Market Perform at Northland
Capital, whose price objective is $68.
Tata Motors Limited
(TTM): The Indian auto outfit hasn't attracted anything like the
(TSLA) of late, but it does own premium brands including Jaguar.
Today the stock scores a bullish Outperform initiation at Sanford
(TMUS): Cowen covers the company at Outperform.
Stock Upgrades: Monet or Manet? It's All Money for
Stock Downgrades: Red Hat Reduced to Going Cap in
Disclosure: Minyanville Studios, a division of Minyanville
Media, has a business relationship with BlackBerry.