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: Want a Quick Buck? Better Make Dough-Eyes at Deere


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

Investors, who never need any excuse to blame Washington, yesterday found two targets for their ire within one block of each other in our nation's capital. An emerging markets warning from the International Monetary Fund, whose home is on 19th Street, and ominous meeting minutes from the Federal Reserve, headquartered on 20th, combined to send Dow Industrials (INDEXDJX:.DJI) down for a second straight day. This despite an NYSE-best 40.31% surge in diamond wedding ring king Zale Corp (NYSE:ZLC) after it was bought by Signet Jewelers (NYSE:SIG), itself up an impressive 18.14%. JPMorgan (NYSE:JPM), better known for Dimon than diamonds, is pledging bridge financing for a sweetheart deal evidently cooked up over Valentine's Day. Meanwhile Zale is being advised by Bank of America's (NYSE:BAC) Merrill Lynch unit, whose investment banker certainly didn't see such love when being murdered by his wife with a poisoned milk shake. Meanwhile Mark Zuckerberg, who spent a puny $25,000 on a ruby ring for his wife, yesterday had no hesitation in splurging $16 billion to buy WhatsApp for Facebook (NASDAQ:FB), this after swooning over its awesome "engagement" rates. And Pan American Silver (NASDAQ:PAAS) fell 3.58% despite a broker boost as silver snapped a 14-session winning streak. That was the best run for the "devil's metal" since 1968, one of the most devilish years in all American history.

Today's financial reports include the Philadelphia Fed for February and last month's leading economic indicators, each out at 10:00 a.m. Eastern. On the earnings front, we get announcements out of Groupon (NASDAQ:GRPN), Hewlett-Packard (NYSE:HPQ), Priceline (NASDAQ:PCLN), and Wal-Mart (NYSE:WMT).

Atlas Resource Partners (NYSE:ARP): Citing improving gas industry pricing power among other favorable factors, RBC Capital launches Outperform-rated research on the limited partnership. Its price objective is $36.

Boeing (NYSE:BA): Drexel Hamilton has a Hold on the key Dow component.

Booz Allen Hamilton (NYSE:BAH): JPMorgan covers the consulting company at an Overweight, assigning it a $23 target price.

Construction Machinery: Deutsche Bank begins Buys on both Caterpillar (NYSE:CAT), an important Dow member, and competitor Deere (NYSE:DE). It has a Hold on Joy Global (NYSE:JOY).

Diamondback Energy (NASDAQ:FANG): Shares get begun with a Buy at Global Hunter.

Express Inc. (NYSE:EXPR): The apparel outfit is assigned a Neutral at Janney, whose price objective is $20. Soft mall traffic prevents the analyst from being more constructive on the stock.

Sunshine Heart (NASDAQ:SSH): BTIG Research rates the equity a new Neutral.

Yelp, Inc. (NYSE:YELP): A second lukewarm analyst initiation of this holiday-shortened week for Yelp, today rated no better than Neutral by Bank of America-Merrill Lynch. The price target is an even $100.

See also:

Stock Upgrades: Forget Apple! Applebee's Owner DineEquity Is Where It's At (MVPRO article)

Stock Downgrades: Zuck, What's Up? Not Facebook Stock, That's for Sure (MVPRO article)
< 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