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: LinkedIn Really Working Out

By

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

PrintPRINT
Blue chips officially entered Bizzaro World on Wednesday, with Dow Industrials (^DJI) ending up 0.4% lead by Boeing (BA) only 24 hours after the index fell 0.4%, dragged down by Boeing. The aerospace outfit added 3.55% after investors were told not to believe every nasty rumor about it. (And the analyst who said so should know, answering as he does to the name of Cai von Rumohr.) Earlier in the week Wall Street's two cents' worth on Bank of America's (BAC) $11.6 billion settlement with Fannie Mae was literally two cents, with the stock ending off $0.02 to $12.09. Alas yesterday's ratings-related reassessment saw it fall 4.59%. The financial firm has largely turned itself into an altruistic non-profit organization over the past few years, although not by choice. But it shouldn't feel blue about it. After all, Apollo Group (APOL) bills itself as a for-profit educator and it slid 7.76% to a fresh low in posting the S&P 500′s (^GSPC) poorest performance. Hedge fund billionaire Dan Loeb has done well with his Ivy League education, and he just helped send Herbalife (HLF) up 4.17%. Dan's great-aunt, Ruth Handler, invented the Barbie doll and co-founded Mattel (MAT), which itself rose 3.11% after upbeat chatter. The prospect of plastic wasn't quite so fantastic for Apple (AAPL), which fell 1.56% on the iPhone's sixth anniversary. Facebook (FB) said long ago it isn't interested in a phone but clearly no one was listening to Mark Zuckerberg. The stock jumped 5.26% on speculation it will unveil one at a media event on January 15.

Today in economics, November wholesale trade inventories are expected to tick up slightly at 10:00 a.m. Eastern. Earnings activity sees Emmis Communications (EMMS), MSC Industrial Direct (MSM), Supervalu (SVU), Synnex (SNX), Washington Federal (WAFD), and Xyratex (XRTX) all release results.

ADT Corp (ADT): Shares are assigned an Outperform by William Blair.

Capital Senior Living (CSU): Imperial Capital covers CSU at Outperform and assigns a $24 price objective amid evidence that pent-up demand continues to propel occupancy rate increases.

Insurance Sector: AFLAC (AFL), Hartford Financial (HIG), and Prudential (PRU) are all begun with Buys at Citigroup, which has new Neutrals on Lincoln National (LNC), MetLife (MET), Principal Financial (PFG), Reinsurance Group of America (RGA), Torchmark (TMK), and Unum Group (UNM).

Intuit (INTU): The TurboTax owner is assigned a Market Perform with Wells Fargo, which sees fair value in the range of $60 to $62.

LinkedIn (NYSE:LNKD): Crédit Agricole launches Outperform rated research on the recently surging professional networking stock.

Oil Services: Société Générale has a Hold on Rowan (RDC) and resumes Buys on both Ensco (ESV) and Noble (NE).

Olin Corp. (OLN): Saying the shares will struggle to outperform absent an improvement in the chlorine market, Dahlman Rose has a Hold on OLN.

WhiteWave Foods (WWAV): Credit Suisse covers the company at Outperform, assigning a $19 price objective.

(See also: Stock Downgrades: AIG Told to Take a Hike and Stock Upgrades: Delta Airlines Flying High.)
< 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
 
Featured Videos

WHAT'S POPULAR IN THE VILLE