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: Stuff Your Money in Mattress Firm Holding

By

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

PrintPRINT
Much like Anna Kournikova, this recent rally looks like it is all style and no substance, for the Crimean crisis remains a genuine geopolitical risk. The Russian babe famously made the cover of Sports Illustrated in June 2000 -- the article was authored by legendary bard of Baltimore Frank Deford, no less -- despite ending her career without winning a single tennis title. One month later Microsoft (NASDAQ:MSFT) flirted, as so many admiring males did with Anna, with $40. It did not remotely do so again until Tuesday, when a 3.94% increase took it to $39.55. By contrast, an utterly unloved Cisco Systems (NASDAQ:CSCO), Mr. Softee's fellow Dow (INDEXDJX:.DJI) member, is as far away as ever from its millennial heyday. Back then it was briefly the most valuable company on planet Earth, soaring after splitting its stock eight times in as many years. Now the equity, dead money for the past 12 months, is damned as a dividend play -- the ultimate kiss of death for an erstwhile tech titan. The president's press secretary advised avoiding Russian stocks and promptly sent Moscow's Micex (MCX:MICEXINDEXCF) index up 3.8%. The dual-denim-clad phone call of his boss to Putin remains much mocked, but perhaps Potus was smart not to buy The Gap's (NYSE: GPS) signature khakis while on a shopping spree at the store last week. For the evidence, look no further than the soiled brown pants of his Colombian counterpart. Regardless, gene therapy remains better than jean therapy after biotech Geron (NASDAQ:GERN) gapped up 39.33% to easily top all Nasdaq (INDEXNASDAQ:.IXIC) issues.
 
This afternoon at 2:00 p.m. EDT, the Federal Open Market Committee concludes its two-day policy meeting, followed by Janet Yellen's first press conference as Fed head at 2:30 p.m. On the earnings front, FedEx (NYSE:FDX), General Mills (NYSE:GIS), and KB Home (NYSE:KBH) all release results.
 
Agrium (NYSE:AGU): Morgan Stanley starts the stock at Equal Weight.
 
AMC Entertainment (NYSE:AMC): Shares are assigned an Equal Weight by Barclays, whose target price is $24.
 
Aruba Networks (NASDAQ:ARUN): The stock is a new Neutral at Mizuho.
 
Canadian Natural Resources (NYSE:CNQ): CIBC World Markets covers CNQ at Outperform.
 
Cell Therapeutics (NASDAQ:CTIC): WallachBeth has a Hold on the stock amid a risk:reward ratio that is roughly in balance, even as a Phase III trial of Pacritinib offers potential promise.
 
Compugen (NASDAQ:CGEN): Shares are begun with a Buy at Jefferies. Its price objective is $17.
 
ITT Corporation (NYSE:ITT): SunTrust starts the stock at a Buy.
 
Mattress Firm Holding (NASDAQ:MFRM): The bedding behemoth gets begun with a Buy recommendation, and $56 target, at Jefferies.
 
Meru Networks (NASDAQ:MERU): Mizuho assigns a Buy and $6 objective on a company it says offers compelling cost savings.
 
Ruckus Wireless (NYSE:RKUS): RKUS is resumed with a Buy ($17 target) at Mizuho, which cites the prospect of earnings acceleration.
 
Sherwin-Williams (NYSE:SHW): Morgan Stanley picks the paint stock up at Overweight.
 
Tempur Sealy (NYSE:TPX): Nomura has a new Neutral and $55 target on the bedding name.
 
Also see:

Stock Upgrades: Margaret Thatcher Didn't Do U-Turns, but Rolls-Royce Does

Stock Downgrades: Orbitz Is Heading South in a Hurry

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