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New Stock Coverage: If Only Jeff Bezos Had Invested in DaVita


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

PrintPRINT (NASDAQ:AMZN) billionaire Jeff Bezos, whose year began with a kidney stone crisis in the Galapagos, could do worse than buy a stake in DaVita HealthCare Partners (NYSE:DVA). Stock in the kidney care company finished Friday at the highest level in history, and is up another 0.59% ahead of the open after scoring a bullish buy rating this morning.
The S&P 500 (INDEXSP:.INX) ended the week with small losses in what, with due deference to Judy Garland, could be called a Meet Me in St. Louis market. MeetMe (NASDAQ:MEET) jumped 18.50% but hawkish comments from St. Louis Fed head James Bullard kept overall gains in check.

Alibaba opted to list on the NYSE rather than Nasdaq (INDEXNASDAQ:.IXIC), with an IPO date of 8/8 being eyed as the number is lucky in China. Luis Suárez will be gnashing his teeth at that news, especially as 888poker just fired him as its mouthpiece. Germany's own adidas (OTCMKTS:ADDYY), which also sponsors the carnivorous soccer star, was saying not "888″ but "nein, nein, nein" as its arch rival Dow (INDEXDJX:.DJI) component Nike (NYSE:NKE) jumped 3.4% on analyst accolades.

"The Nine", otherwise known as our Supreme Court, ruled against Aereo in a key copyright case that had Gray Television (NYSE:GTN) enjoying 50 shades of green with its 13.39% surge. (How ironic that broadcasters should get such a boost from an institution that continues to ban cameras.) Cameras of another kind fared even better as market debutante GoPro (NASDAQ:GPRO) photo-finished the week with gains of 45% in the final two trading days.
In economic data today, May pending home sales are expected to tick up from April's pace at 10:00 a.m. E.D.T.

Now let's turn to this morning's new stock coverage, which includes a commodity company and sushi bar operator in addition to DaVita HealthCare Partners.

Altisource Residential (NYSE:RESI): Citigroup has a new Neutral on the real estate name.
DaVita HealthCare Partners: Jefferies assigns an upbeat Buy rating on today's headline equity. Its price objective is $86.
IntelGenx (OTCMKTS:IGXT): The micro-cap is begun with a Buy rating and $2 target price at H.C. Wainwright.
Iron Mountain (NYSE:IRM): JP Morgan starts the stock, which surged 15.11% last week, at Overweight.
Kona Grill (NASDAQ:KONA): KeyBanc Capital covers the sushi bar operator at a Buy ($24 target) amid robust median average store sales.
Marrone Bio Innovations (NASDAQ:MBII): Shares are resumed with an Outperform at Robert W. Baird, whose price objective is $15.
TimkenSteel (NYSE:TMST): Jefferies starts the stock with a Buy opinion and a $46.50 price target.
Also see:

Stock Downgrades: Bebe About to Take a Bath

Stock Upgrades: Money Never Sleeps at Marissa Mayer's Yahoo

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No positions in stocks mentioned.
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