Waiting on Washington
Index & Sector performance 9/30/13 The Market: The lack of a deal from Washington on the impending government shutdown seemed to eight on trader’s mind. While the S&P was able to rally after a gap down in early trading, the rally was short lived and around 1:30 pm EST the market again lost ground although was able to remain above the early morning lows In economic data we had Chicago PMI which came in slight better than expected with a 55.7 reading when 54.5 was expected. Tomorrow we have Final Manufacturing PMI, ISM, Construction spending and Total Vehicle Sales. In…
Daily Wrap
DJIA +46.00 (+0.33%) to 13,825.33; S&P 500 +0.01 (+0.00%) to 1,494.82; NASDAQ -23.29 (-0.74%) to 3,130.38 As expected the Nasdaq lagged today because of Apple Computers (AAPL) and their lack luster earnings results (or at least not up to expectations). Otherwise the S&P 500 probably couldn’t have shown any more indecision closing higher by 1 penny and likely continuing to showcase that it needs a pause/pullback to refresh. What was positive for the market was to see the Small caps lead and again we got a second straight week of better than expected Unemployment data coming in at 330K. Apple…
Analyst Comments
Analyst comments for Monday (11/19/12) See the Upgrades/Downgrades section for complete & cleaner list Upgrades Company Symbol Brokerage Firm Upgraded to: Price Target ($) CSC CSC Deutsche Bank Buy 46 Randgold Resources GOLD RBC Capital Outperform N/A Enerplus Resources ERF RBC Capital Outperform 18 Agnico-Eagle AEM RBC Capital Outperform 69 PetSmart PETM Barclays Overweight 75 Dean Foods DF Goldman Sachs Buy 22 Agilent A Goldman Sachs Buy 59 Bruker BRKR Goldman Sachs Buy 19 Barclays BCS Goldman Sachs Buy N/A Flowers Foods FLO KeyBanc Buy 25 Actuant ATU KeyBanc Buy N/A Provident PFS Sterne Agee Buy 15…