Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

New Stock Coverage: Going Nowhere Ahead of Labor Day


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

Dow Industrials (INDEXDJX:.DJI) again brushed off the threat of war, if not Warhol, whose Campbell Soup (NYSE:CPB) plunged 3.09% as its principal product proved a tough sell in August. TiVo Inc.(NASDAQ:TIVO) gained 2.59% to continue its post-earnings bounce. The company came of age almost a decade ago with an infamous "clothing calamity" which now seems positively quaint compared to Miley Cyrus' recent scantily-clad antics. The Nashville native clearly inspired a similar wardrobe malfunction in apparel outfit Genesco (NYSE:GCO), also based in Music City. It nose-dived an NYSE-worst 9.07%. Elsewhere those rotten tomatoes currently spoiling on the streets of Spain were flung at a shunned Fresh Market (NASDAQ:TFM), which imploded 11.55%. And a new study said poverty saps brain power. But you don't need to be an Einstein (NASDAQ:BAGL) - down 3.17% - to know that.

Today in economics, this month's Chicago Purchasing Managers' Index is out at 9:45 a.m. Eastern, followed by the University of Michigan's final figure for August consumer confidence at 9:55 a.m. On the earnings front, Big Lots (NYSE:BIG), Hermès International (OTCMKTS:HESAY), ReneSola (NYSE:SOL), Sears Hometown and Outlet Stores (NASDAQ:SHOS), and Yingli Green Energy (NYSE:YGE) are all due to report results.

Arlington Asset Investment Corp (NYSE:AI): JMP Securities starts the mortgage investment firm at a Market Perform.

Chinese Internet Stocks: JPMorgan assigns Overweights on Phoenix New Media Ltd (NYSE:FENG), Qihoo 360 Technology Co Ltd (NYSE:QIHU) ($94 price objective), SouFun Holdings Limited (NYSE:SFUN), and YY Inc (NASDAQ:YY). International (NASDAQ:CTRP): The Shanghai-based travel and lodging stock is launched with a lukewarm Neutral at JPMorgan.

Hornbeck Offshore Services, Inc. (NYSE:HOS): The oil and gas outfit gets initiated with an Overweight at JP Morgan.

Liberty Global (NASDAQ:LBTYA): Credit Suisse covers the cable company at Outperform.

Monolithic Power Systems, Inc. (NASDAQ:MPWR): The specialized semiconductor stock is started with an Outperform at William Blair.

(See also: Stock Upgrades: Splunk Looks Like a Slam Dunk and Stock Downgrades: Staples Still the 'Bain' of Investors Lives)
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos