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New Stock Coverage: Sun Shines on Cypress Energy


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

If Monday was all about the Chiquita (NYSE:CQBchick, who saw her stock surge 10.70%, yesterday was when the fellas reclaimed center stage. Men's Wearhouse (NYSE:MW) and Jos. A Bank (NASDAQ:JOSB) rose a respective 4.71% and 3.87% to each reach historic highs after finally consummating their bromance. (Kayne and Jay-Z, what's keeping you?) Destination XL Group (NASDAQ:DXLG), the home of "big and tall guys," was equally handsome in advancing 3.86% on a broker boost. (Women needn't worry, for they still run rings around more macho types when it comes to investing.) And Manpower's (NYSE:MAN) latest survey revealed a welcome uptick in hiring. Alas, after all that, Mr. Market was left at the altar by Lady Luck as Dow Industrials(INDEXDJX:.DJI) dropped for a second straight day. President Obama put in a plug and promptly sent Plug Power (NASDAQ:PLUG) plunging 41.51%. (Hey, you have to be funny on a day the stock died.) Competitor FuelCell Energy (NASDAQ:FCEL), founded in 1969, lost investors their shirts in sliding 16.54%. But Potus, visiting a Gap Inc. (NYSE:GPS) in midtown Manhattan, tried his best to cover it up.
It's another quite quiet day in economic data, but corporate earnings announcements are expected out of Express Inc. (NYSE:EXPR), Krispy Kreme (NYSE:KKD), Vail Resorts (NYSE:MTN), and Williams-Sonoma (NYSE:WSM). (NASDAQ:CYOU): The stock, which nosedived 9.03% yesterday, is resumed with a Reduce rating at BNP Paribas.
Cypress Energy Partners (NYSE:CELP): Janney launches the limited partnership at a Buy.
ICG Group (NASDAQ:ICGE): Shares are initiated at an Overweight by Evercore, whose price objective is $27.
InvenSense (NYSE:INVN): The stock is picked up with an Overweight at Piper Jaffray.
Mellanox Technologies (NASDAQ:MLNX): Nomura has a new Buy, and $48 target price, on the semiconductor name. (NASDAQ:NTES): Shares, which tumbled 2.41% on Tuesday, are covered at a Neutral by Credit Suisse. Its objective is $76.
Silicon Laboratories (NASDAQ:SLAB): Piper Jaffray starts the stock at Overweight.

Also see:

Stock Upgrades: Rite Aid Is Right On

Stock Downgrades: Forest Labs, Top S&P 501 Stock of 2014, Finally Felled
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No positions in stocks mentioned.
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