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New Stock Coverage: Can 50 Cent Make Starz a Quick Buck?


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

Entertainment outfit Starz (NASDAQ:STRZA), which today rings Nasdaq's (INDEXNASDAQ:.IXIC) closing bell, is banking on 50 Cent to make a quick buck. The rapper executive produces Power, one of six new series Starz launches in 2014. Black Sails and Survivors Remorse are among the others. Its stock has returned investors a tidy 29.11% in the past 12 months.
Speaking of new TV offerings, Fox Business Network begins June by debuting a new prime time show called Making Money With Charles Payne, but in May investors enjoyed an utterly pain-free gain in their portfolios as equities rose to records. Much more of this and the Internet bubble under President Clinton, who clinched the presidential nomination on this very day in 1992 after a campaign famously spent feeling your pain, will soon seem small potatoes. Truth be told, this is very different market from Bubba's Web 1.0 boom, with fusty food stocks and stodgy old utilities each suddenly flavor of the month as Dow Industrials (INDEXDJX:.DJI) and S&P 500 (INDEXSP:.INX) shares reached fresh peaks. (Alas, shrinkage remains a stubborn holdover from the 1990s, with newly released data revealing an ominous 1% contraction in first-quarter Gross Domestic Product). Among equities on the move, orthopedic outfit Smith & Nephew (NYSE:SNN) hit a historic high, and, similarly straining to be hip, Apple (NASDAQ:AAPL) advanced 7.3% on the month after paying $3 billion for a middle-aged rapper born Andre Young. With its new "spaceship" headquarters being built by an architect who yesterday entered his eightieth year, the Cupertino company would appear to be a stock for all seasons. Goldman Sachs (NYSE:GS) infuriated all of Buenos Aires by predicting that Argentina would fall to its arch rival Brazil in the World Cup fútbol final. Hey, it's a Messi business but someone's gotta do it. At least we can always rely on Carl Icahn to clean up on Clorox (NYSE:CLX).
Today in economics, April construction spending and May's Institute for Supply Management manufacturing index are each out at 10:00 a.m. EDT. On the earnings front, Conn's Inc. (NASDAQ:CONN), Krispy Kreme (NYSE:KKD), and Quiksilver (NYSE:ZQK) all release quarterly results.
Now let's turn to this morning's new stock coverage, a list that includes an online travel outfit in addition to Starz.

American Realty Capital (NASDAQ:ARCP): Bank of America Merrill Lynch launches Buy-rated coverage.
Brookdale Senior Living (NYSE:BKD): Shares are begin with a Buy at Jefferies, whose price objective is $40.
GasLog (NYSE:GLOG): Citigroup resumes Buy-rated research.
K2M Group (NASDAQ:KTWO): Piper Jaffray picks the stock up at Overweight. Its target price is $26.
Mazor Robotics (NASDAQ:MZOR): The stock is a new Buy ($21 target) at Needham, which says it should gain from heightened applications of minimally invasive spine surgery.
Orbitz Worldwide (NYSE:OWW): Deutsche Bank Hold has a Hold on the Internet-based travel titan.
Scynexis (NASDAQ:SCYX): JMP Securities starts the stock at Outperform with a $15 objective.
Splunk (NASDAQ:SPLK): Janney has a new Neutral on the equity. Its price target is $46.
Starz: Goldman Sachs gives the stock a fresh assessment of Neutral.

Also see:

Stock Upgrades: May Has Gone Away, but TripAdvisor Still Going Places

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