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New Stock Coverage: Bottom Line, Lululemon Is No Longer Flying by the Seat of Its Pants


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

"Buy when it snows, sell when it goes," says the old Wall Street saw. Yet New York's first snowfall of the season saw investors sell stocks. (ICE obviously wasn't nice.) US markets slipped, with Mr. Jones (INDEXDJX:.DJI) unable to keep up with Mr. Smith, whose FedEx (NYSE:FDX) gained 1.59% after Dan the man took a fancy. Mr. Loeb, clearly in a charitable mood, is now even making nice with Clooney, his erstwhile enemy. Similarly strange bedfellows were seen when the New York Times (NYSE:NYT), which took four decades to admit it erred in saying rockets don't work, invited Mr. SpaceX Rocket man himself to its DealBook conference. Needs Musk, as they say; Tesla (NASDAQ:TSLA) promptly tanked 4.77%. owner InterActiveCorp (NASDAQ:IACI), up 1.83%, hit a lifetime high, and on the year's top day for tying the knot. (Just make sure it ain't a shotgun wedding, especially if you are an octogenarian trying to kill your spouse.) Blockbuster owner Dish Network (NASDAQ:DISH) jumped 6.00% to levels last seen in May 2000. Is this the end? It sure is for Tremor Video (NYSE:TRMR), which tumbled 8.62% to a historic trough.

In terms of economic events that may move US markets today, at 2:00 p.m. Eastern the Treasury's October budget deficit is seen shrinking from September's figure. Regarding specific stocks, earnings announcements are expected out of Ahold (OTCMKTS:AHONY), Canadian Solar (NASDAQ:CSIQ), Cisco Systems (NASDAQ:CSCO), E.ON (OTCMKTS:EONGY), ExOne (NASDAQ:XONE), GDF Suez (OTCMKTS:GDFZY), Kinross Gold (NYSE:KGC), Macy's (NYSE:M), NetApp (NASDAQ:NTAP), NetEase (NASDAQ:NTES), and SeaWorld (NYSE:SEAS).

Casino Companies: FBR Capital assigns Outperforms on Las Vegas Sands (NYSE:LVS) ($80 price objective) and MGM Resorts (NYSE:MGM) ($25.) Its Market Performs include Wynn Resorts (NASDAQ:WYNN), whose target price is $175. Steve Wynn's Wynn Resorts sees potential in the booming Macau gambling market. In the past year, shares of Wynn Resorts are up 55.82%.

Flamel (NASDAQ:FLML): Shares are a fresh Buy at Janney, whose objective is $11.

J.M. Smucker (NYSE:SJM): Jam and jelly giant J.M. Smucker is a new Neutral at Neutral at Credit Suisse. The price objective on J.M. Smucker is $115.

Lululemon Athletica (NASDAQ:LULU): Lululemon Athletica, which - you may recall - had a sheer pants problem, is begun with a bullish Overweight at JP Morgan. Canadian company Lululemon Athletica makes yoga apparel. JP Morgan says Lululemon Athletica should see both top and - oh dear - bottom line growth improve. As a result, the stock is up before the bell.

Managed Care: FBR initiates Outperforms on Aetna (NYSE:AET), Humana (NYSE:HUM), and new Dow member UnitedHealth (NYSE:UNH).

Splunk (NASDAQ:SPLK): Jefferies has a Hold on SPLK.

(See also: Stock Upgrades: US Steel Is a Steal and Stock Downgrades: How Now Brown Cash Cow? Dean Foods Cries Over Spilled Milk)
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