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New Stock Coverage: Headwaters Will Keep Its Head Above, Well, You Know


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

The bull, however briefly, muscled out Istanbul. Dow Industrials (INDEXDJX:.DJI) enjoyed a triple-digit advance as upbeat earnings announcements temporarily put Turkey's troubles on the back burner. This despite the National Association of Realtors announcing that home sales slumped 8.7% last month. The group is famous for its fuzzy arithmetic, and it appears math is equally hard for Google (NASDAQ:GOOG), which bought Motorola Mobility for $12.5 billion in 2012 and sold it for $2.91 billion on Wednesday. No matter; shares in the search king still rose 2.57%, and are adding to those gains ahead of this morning's opening bell. Spectrum Brands (NYSE:SPB), which owns boxer George Foreman's grill, jumped 10.34% to a fresh best, and World Wrestling Entertainment (NYSE:WWE), on fire of late, enjoyed an identical fate in advancing another 8.35%. Sticking with sports of sorts, Spanish soccer side Santander went on strike over its unpaid salaries. Sheila Bair, added to the board of Banco Santander (NYSE:SAN) this week, should make that her first order of business. Especially after its stock ended up 1.15% after a 90% increase in profits. And a bearded baby boomer who inspired the book Ben and the Art of Motorcycle Maintenance heads the Fed for the final time today. Alas, his farewell isn't helping Harley-Davidson (NYSE:HOG), which imploded 1.33% even as the overall market enjoyed its single best session since mid-December 2013. As its Hell's Angels well know, "Abandon hope all ye who enter here" is the alleged inscription at the entrance of Dante's Inferno. Hope? These days, the company can't even count on the Pope.

Today in economics, we get the University of Michigan's final figure for January consumer confidence at 9:55 a.m. Eastern. In earnings action, Autoliv (NYSE:ALV), Chevron (NYSE:CVC), Honda (NYSE:HMC), MasterCard (NYSE:MA), Mattel (NASDAQ:MAT), National-Oilwell Varco (NYSE:NOV), Tyson Foods (NYSE:TSN), and Weyerhaeuser (NYSE:WY) are all due to release results.

Advance Auto Parts (NYSE:AAP): JPMorgan assigns the stock an Overweight.

AmRIET (NYSE:AMRE): Shares are started with a Buy opinion at SunTrust, whose price objective is $18.

Headwaters (NYSE:HW): Deutsche Bank begins the building products powerhouse at a Buy. Its target price is $14.

Tekmira Pharmaceuticals (NASDAQ:TKMR): The stock, which surged some 7.88% yesterday, is today begun with a Buy assessment and $19 objective at Stifel. Catalysts include the company's potential for its RNAi-based pipeline candidates to treat an array of different diseases, including oncology and infectious ailments.

See also:

Stock Upgrades: Are You Ready for Some Baseball? Hillshire Brands Hits It Out of the Ballpark

Stock Downgrades: Diageo Cries Into Its Guinness
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No positions in stocks mentioned.
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