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New Stock Coverage: Lady Luck Likes Look of Manpower


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

Just when it looked like The New Yorker, whose money issue is now on the newsstands, would join all those cover curses of yore, the Dow (INDEXDJX:.DJI) enjoyed its single best point gain since December 2011. This after belated signs of progress in Washington to resolve our governmental gridlock. Aloha State native President Obama will have enjoyed a 2.17% jump in Hawaiian Electric (NYSE:HE), today assigned an upbeat Outperform initiation. Although our Xbox-dissing Commander in Chief could have done without a 2.09% surge in Microsoft (NASDAQ:MSFT). Its stock fared far better than PlayStation owner Sony (NYSE:SNE), which lost 0.91% after receiving a ratings reduction. (The fact that its head has just admitted to owning two Nintendo (OTCMKTS:NTDOY) consoles doesn't exactly inspire confidence.) By contrast, a broker boost saw Boeing (NYSE:BA) bounce 3.87% but, to some of us, such unbridled optimism already looks like a busted flush.

Today in economics, the University of Michigan's first take on October consumer confidence is seen slipping from September's pace at 9:55 a.m. Eastern. In earnings action, Bank of the Ozarks (NASDAQ:OZRK), JPMorgan (NYSE:JPM), Infosys (NYSE:INFY), and Wells Fargo (NYSE:WFC) have all already released results this morning.

Apollo Global Management (NYSE:APOL): Evercore assigns an Overweight on the money manager.

Becton Dickinson (NYSE:BDX): Shares are resumed with a Buy at SunTrust Robinson Humphrey.

Blackstone (NYSE:BX): The limited partnership is picked up with an Equal Weight at Evercore.

Carlyle Group (NASDAQ:CG): Evercore establishes Overweight research, and a $36 price objective, on the equity.

Hawaiian Electric (NYSE:HE): Wells Fargo has an Outperform on HE.

Heartland Payment Systems (NYSE:HPY): Shares are a Hold at Jefferies, whose target price is $42.

Myriad Genetics (NASDAQ:MYGN): SunTrust sets a Reduce on the stock.

Sinclair Broadcast Group (NASDAQ:SBGI): Credit Suisse covers the company at Outperform.

Staffing Stocks: Jefferies has only a Hold on Robert Half (NYSE:RHI) but begins Buys on both ManpowerGroup Inc (NYSE:MAN) and On Assignment (NYSE:ASGN).

UMB Financial (NASDAQ:UMBF): Bank of America-Merrill Lynch launches coverage at a Buy.

Vantiv (NYSE:VNTV): The business services stock gets established with an Outperform at Oppenheimer.

Western Gas Equity Partners (NYSE:WGP): WGP is a new Outperform at Credit Suisse.

(See also: Stock Upgrades: Johnson & Johnson Is Head & Shoulders Above the Rest and Stock Downgrades: All Is Not Well Inside Intel.)
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