New Stock Coverage: Disney Is the Mouse That Roared

By Justin Sharon  OCT 25, 2013 9:10 AM

Wall Street ratings agencies set the tone for today's stock market.

 


A bearded Brooklyn hipster helped send stocks up again, although, as the dude in question is 77, some say this bull market is now a little long in the tooth. The S&P 500 Index (INDEXSP:.INX) advanced as Uncle Carl’s agitation at Apple. Inc (NASDAQ:AAPL) saw it gain 1.32%. Not to be outdone, Bronx born Lloyd Blankfein — another senior citizen proudly sporting designer stubble — laughed all the way to the bank with an upgrade-inspired 1.41% increase in Goldman Sachs (NYSE:GS). Among other noteworthy names, NQ Mobile (NYSE:NQ) sank 47.16% after being called a “massive fraud” by Muddy Waters. Fannie Mae, whose name was literally Mudd during the housing crisis, continues to cause problems for Bank of America (NYSE:BAC), which ended off 0.28% after its countrywide unit was found liable for defrauding the firm. And a broker boost sent Madison Square Garden (NASDAQ:MSG) up all of $0.05. That and a nickel will buy you a $1 billion facelift.

Today in economics, at 9:55 a.m. Eastern the University of Michigan’s final figure for October consumer confidence is forecast to slip ever so slightly from its preliminary reading earlier in the month. On the corporate front, a frenetic first full week for quarterly earnings announcements finishes with Moody’s (NYSE:MCO), National-Oilwell Varco (NYSE:NOV), Procter & Gamble (NYSE:PG), Samsung Electronics (OTCMKTS:SSNLF), Sherwin-Williams (NYSE:SHW), and United Parcel Service (NYSE:UPS) all due to release results.
 
Alaska Air (NYSE:ALK): ALK is initiated with a Outperform assessment and $83 price objective at Cowen, which cites its impressive best balance sheet and shareholder-friendly capital return policy.
 
BroadcastersDIRECTV (NASDAQ:DTV) is a Market Perform ($63 target price) at FBR Capital, which rates DISH Network (NASDAQ:DISH) Underperform ($40 target) amid its relative dearth of wireless space options.
 
Drug Stocks: Citigroup has a new Neutral on Mylan Labs (NASDAQ:MYL) but begins Teva Pharmaceutical (NYSE:TEVA) with a Buy rating and $47 objective.
 
Hannon Armstrong (NYSE:HASI): RBC Capital has a Sector Perform on HASI.
 
Netflix (NASDAQ:NFLX): NFLX is a new Market Perform at FBR Capital
 
TiVo Inc. (NASDAQ:TIVO): FBR Capital has a fresh Market Perform on the stock.
 
Walt Disney (NYSE:DIS): (Hat-tip to a fine Peter Sellers film for today’s title.) The Mouse House, a key Dow (INDEXDJX:.DJI) component, is assigned an upbeat at Outperform at FBR Capital.
 
(See also: Stock Upgrades: DuPont Regains Its Teflon Touch and Stock Downgrades: Cash Registers Stop Ringing at NCR Corp)
No positions in stocks mentioned.

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