The markets remained in positive territory today despite a handful of lackluster economic data, as investors are looking ahead to the government’s monthly jobs report tomorrow. The Federal Reserve’s latest meeting minutes released this afternoon did not have an effect on the markets.
Edison (EIX) was upgraded by Morgan Stanley (MS) to overweight with a price target of $53.50 as there are several catalysts to drive the stock price higher in the near term. Shares are higher by about 1.75 percent.
SBA Communications (SBAC) was upgraded by Citigroup (C) from neutral to buy with a price target of $74 due to data indicating favorable demand. Shares are higher by nearly one percent.
Adtran (ADTN) was downgraded by UBS (UBS) from buy to neutral with a price target of $17 due to a lack of visibility in the near term to drive the stock price higher. Shares are lower by about 1.2 percent.
In trading on Thursday, precious metals shares were relative leaders, up on the day by about 1.7%. Leading the group were shares of Richmont Mines (RIC), up about 3.6% and shares of Keegan Resources (KGN) up about 3.4% on the day.
Voters in Virginia are giving GOP presidential nominee Mitt Romney high praise, after his performance in Wednesday night’s debate. Still, some voters want to watch the rest of the debates before locking in their votes.
Some New Orleans residents are pushing back against tour operators who bus out-of-towners into the city’s Lower 9th Ward, where Hurricane Katrina unleashed a wall of water that pushed homes off foundations when the levees failed.
The presidential debate audience in Denver was filled with Republican and Democratic politicians and political operatives. Each had an explanation about why their candidate made the best case on Wednesday.
An AP Fact Check found that both President Obama and Republican Presidential Nominee Mitt Romney left out inconvenient facts and didn’t tell the whole story about some of their plans during the first presidential debate.
Republican Mitt Romney is vowing to repeal President Barack Obama’s health care law, saying it adds costs to the health system and has led to Medicare cuts. Obama counters he based the law on Romney’s own plan when he was governor.
