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New Stock Coverage: EMC, One of the Internet's Fabled 'Four Horsemen,' Is Off to the Races


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

Back in the dot-com bubble, storage stock EMC Corp. (NYSE:EMC) was one of the feted Four Horsemen of the Internet. It subsequently endured several apocalyptic years, but today it started with a bullish buy rating. The analyst says catalysts include robust cash flow and the opportunity for share buybacks.
EMC last ruled the roost during the Web boom, but not even the singer behind "Boom Boom Pow" could inspire a sequel when she rang the closing bell yesterday. At least Xoom (NASDAQ:XOOM) went -- wow! -- up 16.85% to comfortably top the Nasdaq (INDEXNASDAQ:.IXIC), even as the exchange fell for the first time in seven sessions. Truth be told, it was a difficult day for Fergies. Her namesake at Manchester United (NYSE:MANU), his empire in ruins, saw that stock fall 4.95%. And a British blue blood cruelly called "The Duchess of Pork" suffered as her Weight Watchers (NYSE:WTW) stock options shrunk 1.03%. It's hard to gain weight in England, where the unpalatable food is like the British Isles -- surrounded by water. But, to be fair, Associated British Foods (OTCMKTS:ASBFY) did just jump 8.15% for its best day in 14 years on a broker boost. Apparently, even across the pond you can never have too many Thomas Cooks (OTCMKTS:TCKGY), with the iconic travel agent based in the Mother Country advancing 2.51% on equally upbeat analyst action. At a suddenly surging Apple Inc. (NASDAQ:AAPL), it appears that a Cook can stand the heat in the kitchen after all.
This is the single busiest day for first-quarter earnings announcements, with the heavyweight likes of Amazon (NASDAQ:AMZN), Caterpillar (NYSE:CAT), Microsoft (NASDAQ:MSFT), and Starbucks (NASDAQ:SBUX) among a multitude of companies releasing results.
Now let's turn to this morning's new stock coverage, a list that includes a highflier from yesteryear, in addition to EMC Corp.

Cyberonics (NASDAQ:CYBX): BTIG Research has a new Neutral on the medical appliance name.
EMC Corp.: Today's headline analyst initiation gets started with a Buy at Needham, whose price objective is $30.
Hologic (NASDAQ:HOLX): Shares are assigned a Buy rating and $26 target price at BTIG.
NXP Semiconductors (NASDAQ:NXPI): NXPI is a new Outperform at BMO Capital, whose objective is $80.
Xerox (NYSE:XRX): Susquehanna starts the stock -- a member of Wall Street's "Nifty Fifty" decades ago -- with a Positive recommendation. Yesterday its shares surged 3.19%.
YY Inc. (NASDAQ:YY): Maxim Group picks up the Chinese Internet information platform at a Buy. Its target is $90.

Also see:

Stock Upgrades: Hitch a Ride on Hawaiian Holdings

Stock Downgrades: Call Me Maybe? AT&T Hears Only Static on the Line
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No positions in stocks mentioned.
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