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: Amira Nature Foods Offers Good Organic Growth


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

MINYANVILLE ORIGINAL Look on the bright side. If the Mayans are right about our fate on December 21, the equity market's existential angst arising from our impending fiscal cliff on December 31 will all be a bit moot. As it is, the "fat cats" President Obama so rails about, and who backed him to the tune of 80% on Tuesday, may already be exhibiting buyer's remorse after Dow Industrial's (^DJI) endured their worst week since June, tumbling 2.12% in a post-election plunge exceeded only by the slump that stocks experienced immediately after his win in November 2008. Firearms firm Smith & Wesson (SWHC), which surged 18.68%, was a rare gainer, giving us plenty to ponder yesterday while we marked the end of the 'Guns of August' on the 11th hour of the 11th day of the 11th month in 1918. Here in the States it's Veterans' Day, meaning banks and the bond market are both closed. (Bonds of all stripes undeniably deserve to take Monday off after 007 easily bested all comers at the weekend box office.)

Noteworthy economic data is also conspicuous by its absence this morning, although quarterly earnings announcements are expected out of Ambow Education (AMBO), Beazer Homes (BZH), Cubic Corp (CUB), D.R. Horton (DHI), Einstein Noah Restaurant Group (BAGL), Hologic (HOLX), Inergy Midstream (NRGM), Jacobs Engineering Group (JEC), National Bank of Greece (NBG), Spanish Broadcasting System (SBSA), Weatherford International (WFT), and Zoom Technologies (ZOOM).

Amira Nature Foods (NYSE:ANFI) The stock is begun with a Buy and $12 price target at UBS.

Berry Plastics (BERY): BERY is begun at an Outperform with Wells Fargo.

Dendreon (DNDN): Shares are a new Buy at Needham, which issues a price objective of $7. The brokerage believes that margin improvement is already under way and sales expectations have fallen too low.

OvaScience (OVSC): Leerink Swann launches Outperform rated research on OVSC.

(See also: Stock Upgrades: Cinderella Story for Disney and Stock Downgrades: JC Penney Stops Making Cents.)
< 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.
Featured Videos