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: MusclePharm Can Bulk Up Your Portfolio

By

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

PrintPRINT
One day, the music will finally stop on Wall Street, but it was never going to happen in a week when Gordon Gekko officially turned into Liberace. The pianist, famous for saying "Too much of a good thing is wonderful," would certainly relate to the current over-the-top ebullience in equities. Dow Industrials (^DJI), now up four straight weeks, rose a further 1.56% to finish at fresh peaks. When Omaha's Oracle is downgraded even as Athens, of all places, is upgraded, that may eventually come to be seen as the moment Mr. Market lost his mind. For now, however, let's just sit back and marvel at an 83% five-session surge in National Bank of Greece (NBG) and a concurrent 13% jump in France's Compagnie Financière Richemont (OTCMKTS: CFRUY), which makes pricey Cartier watches it's a wonder any of the country's citizens can afford. With Europe now in its deepest economic debacle since the Second World War, the continent sensibly voted a song called Only Teardrops as its top of the pops on Saturday. That would surely be a more appropriate anthem than its current official ditty, Beethoven's Ode to Joy.

No top-tier economic data due today, but earnings announcements are expected out of Campbell Soup (CPB), Qihoo 360 Technology (QIHU), Ryanair (OTCMKTS: RYAAY), TiVo Inc. (TIVO), and Urban Outfitters (URBN).

Franklin Street Properties (FSP): FSP is a new Neutral at Bank of America-Merrill Lynch.

Homebuilders: M/I Homes (MHO) and Taylor Morrison Home (TMHC) are each picked up with an Overweight at JPMorgan.

Joe's Jeans (JOEZ): The stock is a new Neutral at B. Riley & Co., whose target price is $2.15.

Michael Kors (KORS): Canaccord Genuity covers the fashion firm at a Buy.

MusclePharm Corporation (OTCMKTS:MSLP): The maker of Amino 1, a hydration sports recovery drink, is begun with a Strong Buy and $16 price objective at Ascendiant Capital Markets. Product sales are approaching $100 million annually, and operating margins are poised to improve.

STMicroelectronics (STM): The semiconductor stock is trading 2.43% higher in London this morning after being assigned an Overweight at JPMorgan.

Student Transportation (STB): BMO Capital begins Market Perform-rated research on STB.

(See also: Stock Upgrades: Priceline Is Going Places and Stock Downgrades: Dunkin' Bull Run Done?)
< Previous
  • 1
Next >
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