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As ERTS extends its climb back atop trendline support, an unwinding of pessimism in the options pits or short-selling arena, or a round of upwardly revised price targets, could help the stock resume its year-to-date rally.
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In the euro area consumer-price inflation was revised up to 2.3% in October, well above the 2% ceiling set by the European Central Bank.
ECONOMIST: Overview
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Price targets and ratings subsequently become revised.
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Meanwhile, Chinese polysilicon producer Daqo New Energy (DNE) revised its second-quarter financial guidance downwards to reflect these price reductions.
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Based on revised DCF analysis, we are cutting our 12-month target price.
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Our revised, all-cash offer represents a 64% premium over Take-Two's most recent closing price and a 63% premium over Take-Two's 30-day trailing average price (based on prices as of market close on Friday, Feb. 15).
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But it also suggests that the price of getting one's ideas into the public domain rapidly is a need to keep them continuously revised in order to avoid criticism, however moderately or immoderately expressed.
ECONOMIST: More on gamma-ray bursts
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Other U.S. economic reports due for release Thursday are many and include the weekly jobless claims report, the consumer confidence index, revised corporate profits, existing home sales, leading economic indicators, the Philadelphia Fed business survey, the monthly house price index, and foreign central bank holdings.
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