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New Stock Coverage: Buy Caesars Acquisition Before Ides of March?


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

Red China and the red metal lead to red ink on Wall Street, where the Dow (INDEXDJX:.DJI) dropped for a third straight session as a nutritional supplements stock learned it indeed isn't easy being green. Copper followed up Tuesday's 2.6% tumble by touching a fresh four-year trough amid more signs of a Shanghai slowdown. (A certain copper-clad statue likely didn't have this in mind when imploring us to "give me your poor.") Lady Liberty must have thought she won the argument for all time in 1989 when the Wall came down. Alas, apparently not, for it seems President Putin is determined to heat up the Cold War once more. As the famous communist comedian Groucho Marx said, the second time history repeats is "as farce." Another notable event of a quarter-century ago was the invention of the World Wide Web. Yesterday Facebook (NASDAQ:FB), its most popular manifestation, celebrated the exact anniversary in some style by advancing an additional 1.11%. As we refight the conflicts of the Reagan era, 1980 called and asked for its equities back. This, as the aforementioned Herbalife (NYSE:HLF) and Express, Inc. (NYSE:EXPR) -- each founded exactly 34 years ago -- slid a respective 7.37% and 12.01%. Bill Ackman won yesterday's round, but the battle, as Red Square would have us believe, ain't ever over. Witness Diamond Foods (NASDAQ:DMND), once under investigation itself. Yesterday, investors with short memories went long on the stock, sending it up 9.88% to a fresh best.
Today in economics, analysts call for January business inventories to fall from the prior month's pace at 10:00 a.m. Eastern. In earnings action, Aeropostale (NYSE:ARO), Dollar General (NYSE:DG), Plug Power (NASDAQ:PLUG), SeaWorld (NYSE:SEAS), and Zumiez (NASDAQ:ZUMZ) are all due to release results.
Approach Resources (NASDAQ:AREX): Mizuho begins Buy-rated research and a $23 target price, on a stock it says has potential in the Wolfcamp Shale sub-basin.
Beneficial Mutual Bancorp (NASDAQ:BNCL): Shares are covered with a Buy at Compass Point, whose price objective is $15. A discount to fully converted tangible book value offers investors compelling current value, the broker believes.

Caesars Acquisition Company (NASDAQ:CACQ): Only two days away from the Ides of March, a stab in the back for Caesars? Shares are assigned only an iffy In-line at Imperial Capital, whose objective is $15.
Dangdang (NYSE:DANG): Credit Suisse covers the Chinese company at Outperform.
Diamondback Energy (NASDAQ:FANG): The stock is started with a Buy and $74 price target at Mizuho, which says company catalysts include increased pad drilling.
Jive Software (NASDAQ:JIVE): Shares are resumed with a Buy and $17 price objective at B. Riley & Co.
Workday (NYSE:WDAY): WDAY is a new Neutral, also Riley.
YY Inc (NASDAQ:YY): Credit Suisse picks up the Internet information provider at Outperform.

Also see:

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No positions in stocks mentioned.
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