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New Stock Coverage: Iffy End to the Week for Finish Line

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

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Yesterday Panda Cam made a triumphant return to our screens - no thanks to you, China - and today the man behind Da Bears celebrates his 74th birthday. Yet still the bulls keep on roaring back. With Washington having resolved its latest mess, the S&P 500 Index (INDEXSP:.INX) hit a historic high and Nasdaq (INDEXNASDAQ:.IXIC) ended at a 13-year best. (Although anyone associated with the index's disgraced ex-Chairman would still be well advised not to spend this Weekend at Bernie's.) On a day equities were on fire, tobacco titan Philip Morris (NYSE:PM) lit it up, advancing 0.93% after announcing earnings. Its Czech is clearly in the mail, for that country's president preposterously said while touring its factory on the outskirts of Prague, "Wait until the age of 27, and then smoke without any risk whatsoever." Not all stocks shared in the ebullience. "Great vampire squid" Goldman Sachs (NYSE:GS), whose historic headquarters were on Broad Street, tumbled 2.42%. Also sleeping with the fishes was disowned mattress maker Select Comfort (NASDAQ:SCSS), which slumped 21.53% in the scariest such showing since that poor college student was hit by a falling futon on, wouldn't you know, Broad Street. And all this Congressional can-kicking surprisingly failed to boost either soccer side Manchester United (NYSE:MANU) - it slid 2.04% - or Aetna (NYSE:AET), whose lingering $66,100 bunion repair bills remain no laughing matter after its shares imploded 2.24%.

A frenetic week for third quarter earnings announcements finishes with General Electric (NYSE:GE), Honeywell (NYSE:HON), Morgan Stanley (NYSE:MS), and Schlumberger (NYSE:SLB) all releasing results.

Clean Harbors (NYSE:CLH): Shares are assigned an In-line and $66.50 target price at Imperial Capital.

Finish Line (NASDAQ:FINL): UBS launches the athletic apparel outfit with a lukewarm Neutral.

JAKKS Pacific (NASDAQ:JAKK): The toy maker is a new Neutral at B. Riley.

Masonite International (NYSE:DOOR): RBC Capital resumes Outperform-rated research, and a $57 price objective, on a company it calls the leader in North America's door industry.

MRC Global (NYSE:MRC): BB&T Capital covers the machine tools company with a Buy rating and $33 price objective, hailing its preeminent market share and good organic growth.

New Residential Investment (NYSE:NRZ): Sterne Agee starts the stock at a Buy.

Spectrum Brands (NYSE:SPB): SPB is started with an Outperform at BMO Capital.

United States Cellular (NYSE:USM): FBR Capital has a fresh Underperform on the equity amid challenging fundamentals. Its objective is $40.

(See also: Stock Upgrades: Amazon's Jeff Bezos Laughs All the Way to the Bank and Stock Downgrades: Will Obamacare Put UnitedHealth in Intensive Care?)
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.

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