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New Stock Coverage: MusclePharm Can Bulk Up Your Portfolio


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

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?)
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No positions in stocks mentioned.
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