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: High Fives for Rock-Tenn

By

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

PrintPRINT
Nothing so far in the stock market's new year could quite match the bang for the buck provided on the opening Antiques Roadshow of 2013, where a musical instrument found in the trash was appraised at $35,000. Still, there is no reason to reach for the violins on Wall Street, with the S&P 500 (^GSPC) having just advanced 0.38% to a fresh five-year high. Amazon (AMZN) was a money tree, ending up 3.4% at a fresh peak, and a 37% surge in the timber sector confirmed it as the top performing REIT sector of 2012. (Please send all profits to the long-suffering Greeks, whose horrific hardship now sees them searching forests in search of wood to heat homes.) On Wednesday 01913 a Massachusetts couple got married, the date matching their zip code, but Tiffany (TIF) was far from living a 90210 lifestyle as a result, since the wedding-ring seller slumped 4.52% the very next day. In a week which saw awards of Golden Globes and Golden Balls, bullion snapped a six-week skid by edging up 0.3%. It still has a ways to go, however, before breaching its all-time inflation-adjusted best, achieved 33 years ago today.

This morning in economics, November 2012 business inventories are expected to slip slightly from the previous month's pace at 10:00 a.m. Eastern. The first full week of fourth quarter earnings season starts with announcements expected out of Consolidated Edison (ED), Linear Technology (LLTC), Majesco Entertainment (COOL), PPG Industries (PPG), and Rocky Mountain Chocolate Factory (RMCF).

Headwaters (HW): Stifel Nicolaus has a Buy rating, and $11 price objective, on HW.

LeapFrog (LF): Monness Crespi covers the company at a Buy at sets it a $12 objective.

Nexstar Broadcasting Group (NXST): Shares are a new Outperform at Credit Suisse, which establishes a $17 target price.

Rock-Tenn (NYSE:RKT): The paper and packaging powerhouse is picked up with an Overweight by Barclays.

Williams Companies (WMB): Barclays begins Overweight rated research on the oil and gas outfit.

(See also: Stock Downgrades: Time to Run From American Express? and Stock Upgrades: Facebook Finds Another Friend.)
< Previous
  • 1
Next >
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.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE