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New Stock Coverage: Ascena Doesn't Need a Spark to Be Barn Burner
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

One mustn't lump all Hump Days together, as the most spectacular streak in the history of equities came when the Dow (INDEXDJX:.DJI) rose on a remarkable 24 successive Wednesdays in America's otherwise annus horribilis of 1968. The last two iterations have, however, been deadly dull. Exactly a week after the S&P 500 Index (INDEXSP:.INX) ended up all of 0.002%, the bourse fell precisely 0.1 point after trading in a range tighter than a Scotsman's wallet. (And, adding insult to considerable injury, Camel cigarettes owner Reynolds American (NYSE:RAI) was the benchmark's single poorest performer with its 3.57% plunge.) They say memory is the power to grow roses in winter, but markets moved lower after Roseland, New Jersey-based Automatic Data Processing (NASDAQ:ADP) fingered freezing temperatures for a punk private payroll report. (Truth be told, the Garden State endured a day to forget all around.) John Thain's toilet troubles at Bank of America (NYSE:BAC), in the news again, are now firmly behind the financial firm, which jumped 3.17% to continue its strong recent showing. One wonders how the Winklevii will evacuate their bladders in outer space, now that they have signed up to "slip the surly bonds of Earth" with two-Bit(coin) pirate Richard Branson. Ah, apparently there is now an app even for that.

Today in economics, factory orders for January are forecast to post an improvement from the prior month's pace at 10:00 a.m. Eastern. On the corporate front, expect earnings announcements out of Costco (NASDAQ:COST), H&R Block (NYSE:HRB), and Staples (NASDAQ:SPLS).

Alon USA Partners (NYSE:ALDW): Barclays launches the limited partnership at Underweight.

Ascena Retail Group (NASDAQ:ASNA): The Dress Barn owner is picked up with a Positive at Susquehanna, whose target price is $24.

Boston Properties (NYSE:BXP): Goldman Sachs resumes the office Real Estate Investment Trust at a Buy.

Empire State Realty Trust (NYSE:ESRT): The owner of New York's iconic building gets begun with a Neutral, also at Goldman.

Nordson (NASDAQ:NDSN): Robert W. Baird has a new Neutral on the diversified machinery name.

Tech Stocks: Oracle (NYSE:ORCL) is begun with a Buy at B. Riley, which assigns a new Neutral on Dow member Microsoft (NASDAQ:MSFT).

Tractor Supply (NASDAQ:TSCO): Shares are established at Outperform with Wedbush, whose price objective is $80.

Vornado Realty Trust (NYSE:VNO): Goldman Sachs starts the stock at a bullish Conviction Buy.

See also:

Stock Upgrades: Tiffany Set to Sparkle (MVPRO article)

Stock Downgrades: Spark Networks Loses That Loving Feeling (MVPRO article)
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.
New Stock Coverage: Ascena Doesn't Need a Spark to Be Barn Burner
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

One mustn't lump all Hump Days together, as the most spectacular streak in the history of equities came when the Dow (INDEXDJX:.DJI) rose on a remarkable 24 successive Wednesdays in America's otherwise annus horribilis of 1968. The last two iterations have, however, been deadly dull. Exactly a week after the S&P 500 Index (INDEXSP:.INX) ended up all of 0.002%, the bourse fell precisely 0.1 point after trading in a range tighter than a Scotsman's wallet. (And, adding insult to considerable injury, Camel cigarettes owner Reynolds American (NYSE:RAI) was the benchmark's single poorest performer with its 3.57% plunge.) They say memory is the power to grow roses in winter, but markets moved lower after Roseland, New Jersey-based Automatic Data Processing (NASDAQ:ADP) fingered freezing temperatures for a punk private payroll report. (Truth be told, the Garden State endured a day to forget all around.) John Thain's toilet troubles at Bank of America (NYSE:BAC), in the news again, are now firmly behind the financial firm, which jumped 3.17% to continue its strong recent showing. One wonders how the Winklevii will evacuate their bladders in outer space, now that they have signed up to "slip the surly bonds of Earth" with two-Bit(coin) pirate Richard Branson. Ah, apparently there is now an app even for that.

Today in economics, factory orders for January are forecast to post an improvement from the prior month's pace at 10:00 a.m. Eastern. On the corporate front, expect earnings announcements out of Costco (NASDAQ:COST), H&R Block (NYSE:HRB), and Staples (NASDAQ:SPLS).

Alon USA Partners (NYSE:ALDW): Barclays launches the limited partnership at Underweight.

Ascena Retail Group (NASDAQ:ASNA): The Dress Barn owner is picked up with a Positive at Susquehanna, whose target price is $24.

Boston Properties (NYSE:BXP): Goldman Sachs resumes the office Real Estate Investment Trust at a Buy.

Empire State Realty Trust (NYSE:ESRT): The owner of New York's iconic building gets begun with a Neutral, also at Goldman.

Nordson (NASDAQ:NDSN): Robert W. Baird has a new Neutral on the diversified machinery name.

Tech Stocks: Oracle (NYSE:ORCL) is begun with a Buy at B. Riley, which assigns a new Neutral on Dow member Microsoft (NASDAQ:MSFT).

Tractor Supply (NASDAQ:TSCO): Shares are established at Outperform with Wedbush, whose price objective is $80.

Vornado Realty Trust (NYSE:VNO): Goldman Sachs starts the stock at a bullish Conviction Buy.

See also:

Stock Upgrades: Tiffany Set to Sparkle (MVPRO article)

Stock Downgrades: Spark Networks Loses That Loving Feeling (MVPRO article)
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.
Daily Recap
New Stock Coverage: Ascena Doesn't Need a Spark to Be Barn Burner
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

One mustn't lump all Hump Days together, as the most spectacular streak in the history of equities came when the Dow (INDEXDJX:.DJI) rose on a remarkable 24 successive Wednesdays in America's otherwise annus horribilis of 1968. The last two iterations have, however, been deadly dull. Exactly a week after the S&P 500 Index (INDEXSP:.INX) ended up all of 0.002%, the bourse fell precisely 0.1 point after trading in a range tighter than a Scotsman's wallet. (And, adding insult to considerable injury, Camel cigarettes owner Reynolds American (NYSE:RAI) was the benchmark's single poorest performer with its 3.57% plunge.) They say memory is the power to grow roses in winter, but markets moved lower after Roseland, New Jersey-based Automatic Data Processing (NASDAQ:ADP) fingered freezing temperatures for a punk private payroll report. (Truth be told, the Garden State endured a day to forget all around.) John Thain's toilet troubles at Bank of America (NYSE:BAC), in the news again, are now firmly behind the financial firm, which jumped 3.17% to continue its strong recent showing. One wonders how the Winklevii will evacuate their bladders in outer space, now that they have signed up to "slip the surly bonds of Earth" with two-Bit(coin) pirate Richard Branson. Ah, apparently there is now an app even for that.

Today in economics, factory orders for January are forecast to post an improvement from the prior month's pace at 10:00 a.m. Eastern. On the corporate front, expect earnings announcements out of Costco (NASDAQ:COST), H&R Block (NYSE:HRB), and Staples (NASDAQ:SPLS).

Alon USA Partners (NYSE:ALDW): Barclays launches the limited partnership at Underweight.

Ascena Retail Group (NASDAQ:ASNA): The Dress Barn owner is picked up with a Positive at Susquehanna, whose target price is $24.

Boston Properties (NYSE:BXP): Goldman Sachs resumes the office Real Estate Investment Trust at a Buy.

Empire State Realty Trust (NYSE:ESRT): The owner of New York's iconic building gets begun with a Neutral, also at Goldman.

Nordson (NASDAQ:NDSN): Robert W. Baird has a new Neutral on the diversified machinery name.

Tech Stocks: Oracle (NYSE:ORCL) is begun with a Buy at B. Riley, which assigns a new Neutral on Dow member Microsoft (NASDAQ:MSFT).

Tractor Supply (NASDAQ:TSCO): Shares are established at Outperform with Wedbush, whose price objective is $80.

Vornado Realty Trust (NYSE:VNO): Goldman Sachs starts the stock at a bullish Conviction Buy.

See also:

Stock Upgrades: Tiffany Set to Sparkle (MVPRO article)

Stock Downgrades: Spark Networks Loses That Loving Feeling (MVPRO article)
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.
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