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

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

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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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