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: Alcoa Doesn't Need the Dow

By

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

PrintPRINT
What on Earth does Wall Street have against kidneys? Having to sit through Marty Scorsese's three-hour Wolf without a bathroom break was rough enough on them. And yesterday, on a day dedicated to honoring the bean-shaped organsDow Industrials (INDEXDJX:.DJI) were in a decidedly pissy mood. At least Amazon.com (NASDAQ:AMZN), which actually ended up 0.23% even as the overall market imploded, managed to momentarily take Mr. Bezos' mind off those stones. TGIF? Last Saturday threw up dire Chinese export data, and this Sunday is the ominous Ukrainian referendum, but in the market's current mood, don't dare think today will be easy as Pi. The Pope celebrated his first anniversary and had a rather better day than the firm that propagates "God's work." Goldman Sachs (NYSE:GS) ended off 1.78% after S&P Capital IQ, clearly having a road of Damascus conversion, did a 180 in slashing the stock to Sell from Buy. Ahead of the Ides of March, Caesars Acquisition (NASDAQ:CACQ) lost 0.62% on an iffy analyst initiation, but Cassius was on the money when he said, "The fault, dear Brutus, is not in our stars, but in ourselves" as Starz (NASDAQ:STRZA) rode a broker boost to rise 1.02% amid the market bloodbath. Meanwhile, Mr. Anthony's "I come to bury Caesar, not to praise him" was dead wrong as funeral home operator Carriage Services (NYSE:CSV) imploded 8.78%, and on the day a Mississippi man who awoke in a body bag two weeks ago sadly expired.
 
Today in economics, the March University of Michigan consumer sentiment survey is expected to tick up slightly from February's rate at 9:55 a.m. Eastern. On the quarterly earnings front, Ann Inc (NYSE:ANN), Buckle (NYSE:BKE), and Cooper Tire & Rubber (NYSE:CTB) all release results.
 
Alcoa (NYSE:AA): Since being unceremoniously booted from the blue chip index in 2013, this commodity company has gone from strength to strength. Shares, which hit a fresh 52-week peak on Wednesday, are today begun with an upbeat Buy at Sterne Agee. Its price objective is $15.
 
Allscripts-Misys Healthcare (NASDAQ:MDRX): SunTrust starts the stock with a Buy and $22.50 target price.
 
Atmel (NASDAQ:ATML): Bank of America-Merrill Lynch launches Buy-rated research, assigning an objective of $11.
 
Cerner Corporation (NASDAQ:CERN): CERN gets covered with a Buy at SunTrust, whose target is $74.
 
Fast Food: Longbow has a new Neutral on Cracker Barrel (NASDAQ:CBRL) but is more bullish on Buy-rated trio Domino's Pizza (NYSE:DPZ), Papa John's (NASDAQ:PZZA), and Sonic Corp (NASDAQ:SONC).
 
Memorial Production Partners (NASDAQ:MEMP): Goldman Sachs assigns a new Neutral, and $24 target, on the independent oil and gas name.
 
Motorola Solutions (NYSE:MSI): Shares are established at Neutral by JP Morgan, whose price objective is $64.
 
Opko Health (NYSE:OPK): Oppenheimer has a fresh Outperform and $13 objective amid high hopes for the firm's 4Kscore/Claros-1 diagnostic offering.
 
Rose Rock Midstream (NYSE:RRMS): RRMS is resumed with a Buy ($44 target) at UBS.
 
Shipping StocksScorpio Tankers (NYSE:STNG) is a Buy at UBS, which is less optimistic on its Neutral-rated competitor Teekay Tankers (NYSE:TNK).
 
Vitesse (NASDAQ:VTSS): Benchmark begins the semiconductor stock at a Buy.

Also see:

Stock Upgrades: Market Got You Down? Aim High With Lowe's

Stock Downgrades: Pull Plug Power From Your Portfolio

< 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