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New Stock Coverage: BP, Once Public Enemy Number One, No Longer Sleeps With the Fishes


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

It's four years ago this very week since BP Plc's (NYSE:BP) Gulf of Mexico disaster. While the impact on marine life continues to be quite literally heartbreaking, the British Petroleum giant appears to have recovered much better. Shares, which jumped 1.19% yesterday, are currently adding on another 0.91% as we speak after a positive analyst pickup.
No wonder Dow Industrials (INDEXDJX:.DJIis making goo-goo eyes at Apple (NASDAQ:AAPL). While the blue-chip borse was dishwater-dull yesterday -- astonishingly ending exactly unchanged -- the cult Cupertino company jumped 8.20% amid impressive earnings and analyst hosannas. The last time the Dow finished a day precisely where it started was Christmas week 2001, back when Argentina was an economic basket case. All these years later, it still is. As Simon & Garfunkel sang in The Boxer, "After changes upon changes, we are more or less the same." In New York, the only constant is change, and General Motors (NYSE:GM) -- whose old building is now occupied by Apple -- slipped 0.64% after announcing earnings. EMC Corp (NASDAQ:EMC), one of the original "Four Horsemen of the Internet," fell 1.54% even after a broker boost. This, as the leader of Russia called the Internet a CIA plot. Investors, increasingly infuriated with President Putin's antics, will be only too pleased to see Putin saddle up to lose his shirt in EMC.
Today in economics, the University of Michigan's final figure for April consumer confidence is expected to show a slight uptick at 9:55 a.m. EDT. On the corporate front, Ford (NYSE:F), Moody's (NYSE:MCO), and Whirlpool (NYSE:WHR) all released results earlier.
Now let's turn to this morning's new stock coverage, a list that includes an insurance outfit and Indian information technology outsourcer, in addition to BP Plc.

Aegon (NYSE:AEG): Deutsche Bank begins Buy-rated research on the insurance firm.
BP Plc: Shares are assigned a bullish Buy at Jefferies.
Dot Hill Systems (NASDAQ:HILL): Hailing HILL's expanding margins and impressive operating model, Wunderlich starts the stock at Buy. Its price objective is $7.
Infosys (NYSE:INFY): Jefferies has a Buy rating on the Indian IT giant.
Nord Anglia Education (NYSE:NORD): Barclays (Overweight) and Credit Suisse (Outperform) are equally upbeat. The respective price objectives are $24 and $25.
Royal Dutch Shell (NYSE:RDS.A): The energy company is covered with a Hold at Jefferies.

Also see:

Stock Upgrades: No Matter Whom Tiger Dates, Accenture Is Out of the Woods

Stock Downgrades: Amazon Is Sleepless in Seattle
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No positions in stocks mentioned.
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