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: Deckers Outdoor a Wall Street Wolf in Sheepskin Clothing


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

The sheepskin boots of Ugg may be better suited to the depths of winter than this, the last full day of spring, but its owner Deckers Outdoor (NYSE:DECK) appears to be a stock for all seasons. Shares, already up an impressive 53.41% in the past 12 months, are today begun with a bullish buy recommendation.
Markets rose to records, thanks to Markit (NASDAQ:MRKT) and a supermarket. Equities were boosted by both the financial information provider surging 11.25% on its trading debut and an S&P 500 Index (INDEXSP:.INX)-best 5.06% jump in grocery giant Kroger (NYSE:KR). As a result, the benchmark bourse reached its 21st historic high of 2014. (Lest investors get complacent, it should probably be pointed out that this is a spooky-sounding "quadruple witching" session. And, exactly one year ago today, Dow Industrials (INDEXDJX:.DJIendured an absolute nightmare.) As for yesterday, stocks headed north in a hurry after being inspired by our Canadian cousins. The marvelously misnamed American Apparel (NYSEMKT:APP) -- whose now-former CEO actually hails from Montreal -- jumped 6.72%, and Waterloo's own BlackBerry (NASDAQ:BBRY) advanced 9.65%. This, as a bond guru compared himself to another proud product of Ontario, Justin Bieber. This is a complement? Allergan (NYSE:AGN) fell 0.49% after a brainiac who boasts of his near-perfect 750 math SAT score got his basic arithmetic wrong by forgetting to mind the GAAP. Nor was Corinthian Colleges (NASDAQ:COCO) a clever clogs either as it skid 67.06%. Moving from "for-profit" education to an Oracle (NYSE:ORCL), the tech titan lead by a CEO who dropped out of school not once, but twice, is falling 5.74% before the bell. Then again, Larry Ellison is still a multibillionaire, which sure beats having to pay off student loan debt.
There is no economic data of note due today, but Carmax (NYSE:KMX) and Darden Restaurants (NYSE:DRI) each released quarterly earnings earlier this morning.
Now let's turn to this morning's new stock coverage, a list that includes a 3D printing powerhouse and oil service equities in addition to Deckers Outdoor.

Carter's Inc. (NYSE:CRI): Wells Fargo covers the company at a Market Perform.
Deckers Outdoor: Today's headline analyst initiation is assigned an upbeat Outperform with Wells.
Installed Building Products (NYSE:IBP): Shares are a Sector Perform at RBC Capital, whose price objective is $14.
Kinder Morgan (NYSE:KMI): UBS begins Buy-rated research.
Oil Service Stocks: Drexel Hamilton has Buys on both Baker Hughes (NYSE:BHI) and Halliburton (NYSE:HAL).
Spectra Energy (NYSE:SE): The company is a new Neutral at UBS.
3D Systems (NYSE:DDD): Jefferies transitions analyst coverage, assigning a Buy opinion.
Trulia (NYSE:TRLA): Concerned about competition, Oppenheimer picks up the stock at a Perform.
Veracyte (NASDAQ:VCYT): Shares are established at Overweight by Piper Jaffray.
Zillow (NASDAQ:Z): Amid a plump valuation, the online real estate outfit is assigned only a Perform at Oppenheimer.
Also see:
Stock Downgrades: It's Zero Dark Thirty for Oracle, Whose Longest Day Begins 24 Hours Early

Stock Upgrades: Friday Night Keg Party at Molson Coors!
< 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.
Featured Videos