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New Stock Coverage: Mondelez International -- Awful Name, Awful Investment?


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

Just when equities were about to pass out, they got inspired by the spirit of Passover. On the day that Manischewitz, a maker of matzos that dates to 1888, was bought by Mitt Romney's erstwhile employer Bain Capital, the latterly unleavened Dow (INDEXDJX:.DJI) -- another product of the late 19th century -- snapped a three-session skid and finally rose again. Not that investors made much dough, mind you, with the blue-chip bourse eking out an increase of only 10.27 points. Much like the Israelites, purported pyramid scheme Herbalife (NYSE:HLF) couldn't get out of Egypt quickly enough and advanced 1.12% (even if the company appears to be in serious de Nile about Dan the Man having just exited his position). Nike (NYSE:NKE), whose Oscar Pistorius ad has not aged well at all, surged 2.95% on a broker boost to best all blue chips -- this within hours of the South African track star having his long-awaited day in court. With the people-versus-machines debate continuing to rage in the wake of Michael Lewis's tome, we will call it a tie. Toyota Motor (NYSE:TM), despite doing its best to promote the human race, tumbled 2.06%. But robot stock Intuitive Surgical (NASDAQ:ISRG), imploding 11.40% even as we speak, is faring far worse.
Today in economics, wholesale inventories for February are expected to come in essentially unchanged at 10:00 a.m. EDT. At 2:00 p.m., the Federal Open Market Committee releases minutes to its March 19 meeting. On the earnings front, Apogee Enterprises (NASDAQ:APOG), Bed, Bath & Beyond (NASDAQ:BBBY), Constellation Brands (NYSE:STZ), and Ruby Tuesday (NYSE:RT) all report results.
Aegion (NASDAQ:AEGN): DA Davidson assigns a Buy on AEGN.
Albany Molecular (NASDAQ:AMRI): Morgan Stanley starts the stock at Overweight. Its target price is $19.
American Midstream Partners (NYSE:AMID): The limited partnership is launched at an Overweight by Barclays, whose price objective is $29.
Berry Plastics (NYSE:BERY): Credit Suisse covers the company at Outperform.
Cabela's (NYSE:CAB): Shares are a new Neutral ($71 price target) at DA Davidson.
Gentiva Health (NASDAQ:GTIV): GTIV gets picked up with a Buy and $10.50 target at CRT Capital.
Intuitive Surgical: As mentioned, shares are slumping today following a first-quarter revenue warning. Adding to the agony, the stock is assigned a decidedly downbeat Underperform at Sterne Agee.
Kellogg (NYSE:K): Nomura has a new Neutral on the recently surging cereal stock.
Mondelez International (NASDAQ:MDLZ): The Oreo owner whose name has been much mocked is resumed with a bearish Reduce rating at Nomura.
Oil Stocks: Jefferies begins Buys on dual Dow members Chevron (NYSE:CVX) and Exxon Mobil (NYSE:XOM), assigning respective price objectives of $140 and $96.
Rock-Tenn (NYSE:RKT): The paper stock is picked up at Outperform by Credit Suisse.

Also see:

Stock Upgrades: Mother Merrill Not About to Abandon Her E-Trade Babies

Stock Downgrades: Goldman No Longer Hearts Hershey's Kisses

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No positions in stocks mentioned.
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