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New Stock Coverage: Monster Beverage Isn't So Scary After All
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

On Tuesday Monster Beverage (NASDAQ:MNST), maker of Peace Tea, lost the battle, but it may yet win the war. Shares slumped 3.28% as Stifel spooked investors by reducing estimates, yet the stock is currently popping back up to the tune of 1.44% after Credit Suisse (NYSE:CS) outlined its bull case on the equity.
 
Speaking of equity analysts, not even a shocking "Sell" downgrade on Heineken (OTCMKTS:HEINY) -- whose Dos Equis employs "The most interesting man in the world" -- could enliven a desperately dull day trading day. The Dow Average (INDEXDJX:.DJI) and S&P 500 Index (INDEXSP:.INX) each retreated from records despite decent economic data that included a third straight increase for US factory orders. The manufacturing rebound has sadly bypassed the UAW, which had to hike its annual dues for the first time since 1967. Its membership now stands at a scant 391,000, down from a historic high of 1.5 million in 1979. 1979 was when Debbie Harry sung her sad Union City Blue, so just how depressing is the current lowly roll call? Another 68-year-old singer was equally on the money when Cher implored "Come Back to the Five and Dime, Jimmy Dean." Competitors do indeed keep returning to Jimmy Dean sausage owner Hillshire Brands (NYSE:HSH), which advanced an additional 9.48% as a bidding war for its services was taken up yet another notch. Cher, who looks absolutely incredible for her age, may have dabbled in Botox. Bill Ackman certainly has, even as the current object of his affection Allergan (NYSE:AGN) imploded 1.53% on a rating reduction. The activist investor owns a bucket load of Fannie Mae (OTCBB:FNMA), and, as of yesterday, so does his erstwhile enemy Carl Icahn. How odd that Mr. Icahn, having just been smeared by the taint of insider trading in Clorox (NYSE:CLX), would now want to own an outfit whose very name will always be dirty as Mudd.
 
Today in economics, the Institute for Supply Management's May services index is expected to expand slightly from the prior month's pace at 10:00 a.m. EDT. At 2:00 p.m., the Federal Reserve releases its Beige Book detailing regional financial conditions in a dozen districts. On the earnings front, Brown-Forman (NYSE:BF.B), Hovnanian Enterprises (NYSE:HOV), and PVH Corp (NYSE:PVH) all announce results.
 
Now let's turn to this morning's new stock coverage, a list that includes several energy companies in addition to Monster Beverage.

Air Methods (NASDAQ:AIRM): KeyBanc Capital covers the company at a Buy. Its price objective is $63.
 
EXACT Sciences (NASDAQ:EXAS): Shares get assigned a Buy at Goldman Sachs, whose target price is $19.
 
GTT Communications (NYSEMKT:GTT): The stock is picked up at Outperform by Pacific Crest.
 
Monster Beverage: Credit Suisse covers today's headline equity at Outperform, assigning it an $82 objective.
 
NOW Inc (NYSE:DNOW): Shares are a new Neutral ($43 target) at Susquehanna.
 
Oil Service Stocks: Macquarie assigns Outperforms on Halliburton (NYSE:HAL), Hercules Offshore (NASDAQ:HERO), Parker Drilling (NYSE:PKD), and Schlumberger (NYSE:SLB).
 
Osisko Mining (OTCMKTS:OSKFF): The stock is resumed at Outperform by RBC Capital Markets, which cites its solid balance sheet and strong free cash among other catalysts.

Also see:
 

Stock Upgrades: Meet Newell Rubbermaid, on a Road to Riches

Stock Downgrades: The Wheels Keep Coming Off Coach
< Previous
  • 1
Next >
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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
New Stock Coverage: Monster Beverage Isn't So Scary After All
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

On Tuesday Monster Beverage (NASDAQ:MNST), maker of Peace Tea, lost the battle, but it may yet win the war. Shares slumped 3.28% as Stifel spooked investors by reducing estimates, yet the stock is currently popping back up to the tune of 1.44% after Credit Suisse (NYSE:CS) outlined its bull case on the equity.
 
Speaking of equity analysts, not even a shocking "Sell" downgrade on Heineken (OTCMKTS:HEINY) -- whose Dos Equis employs "The most interesting man in the world" -- could enliven a desperately dull day trading day. The Dow Average (INDEXDJX:.DJI) and S&P 500 Index (INDEXSP:.INX) each retreated from records despite decent economic data that included a third straight increase for US factory orders. The manufacturing rebound has sadly bypassed the UAW, which had to hike its annual dues for the first time since 1967. Its membership now stands at a scant 391,000, down from a historic high of 1.5 million in 1979. 1979 was when Debbie Harry sung her sad Union City Blue, so just how depressing is the current lowly roll call? Another 68-year-old singer was equally on the money when Cher implored "Come Back to the Five and Dime, Jimmy Dean." Competitors do indeed keep returning to Jimmy Dean sausage owner Hillshire Brands (NYSE:HSH), which advanced an additional 9.48% as a bidding war for its services was taken up yet another notch. Cher, who looks absolutely incredible for her age, may have dabbled in Botox. Bill Ackman certainly has, even as the current object of his affection Allergan (NYSE:AGN) imploded 1.53% on a rating reduction. The activist investor owns a bucket load of Fannie Mae (OTCBB:FNMA), and, as of yesterday, so does his erstwhile enemy Carl Icahn. How odd that Mr. Icahn, having just been smeared by the taint of insider trading in Clorox (NYSE:CLX), would now want to own an outfit whose very name will always be dirty as Mudd.
 
Today in economics, the Institute for Supply Management's May services index is expected to expand slightly from the prior month's pace at 10:00 a.m. EDT. At 2:00 p.m., the Federal Reserve releases its Beige Book detailing regional financial conditions in a dozen districts. On the earnings front, Brown-Forman (NYSE:BF.B), Hovnanian Enterprises (NYSE:HOV), and PVH Corp (NYSE:PVH) all announce results.
 
Now let's turn to this morning's new stock coverage, a list that includes several energy companies in addition to Monster Beverage.

Air Methods (NASDAQ:AIRM): KeyBanc Capital covers the company at a Buy. Its price objective is $63.
 
EXACT Sciences (NASDAQ:EXAS): Shares get assigned a Buy at Goldman Sachs, whose target price is $19.
 
GTT Communications (NYSEMKT:GTT): The stock is picked up at Outperform by Pacific Crest.
 
Monster Beverage: Credit Suisse covers today's headline equity at Outperform, assigning it an $82 objective.
 
NOW Inc (NYSE:DNOW): Shares are a new Neutral ($43 target) at Susquehanna.
 
Oil Service Stocks: Macquarie assigns Outperforms on Halliburton (NYSE:HAL), Hercules Offshore (NASDAQ:HERO), Parker Drilling (NYSE:PKD), and Schlumberger (NYSE:SLB).
 
Osisko Mining (OTCMKTS:OSKFF): The stock is resumed at Outperform by RBC Capital Markets, which cites its solid balance sheet and strong free cash among other catalysts.

Also see:
 

Stock Upgrades: Meet Newell Rubbermaid, on a Road to Riches

Stock Downgrades: The Wheels Keep Coming Off Coach
< Previous
  • 1
Next >
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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap
New Stock Coverage: Monster Beverage Isn't So Scary After All
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

On Tuesday Monster Beverage (NASDAQ:MNST), maker of Peace Tea, lost the battle, but it may yet win the war. Shares slumped 3.28% as Stifel spooked investors by reducing estimates, yet the stock is currently popping back up to the tune of 1.44% after Credit Suisse (NYSE:CS) outlined its bull case on the equity.
 
Speaking of equity analysts, not even a shocking "Sell" downgrade on Heineken (OTCMKTS:HEINY) -- whose Dos Equis employs "The most interesting man in the world" -- could enliven a desperately dull day trading day. The Dow Average (INDEXDJX:.DJI) and S&P 500 Index (INDEXSP:.INX) each retreated from records despite decent economic data that included a third straight increase for US factory orders. The manufacturing rebound has sadly bypassed the UAW, which had to hike its annual dues for the first time since 1967. Its membership now stands at a scant 391,000, down from a historic high of 1.5 million in 1979. 1979 was when Debbie Harry sung her sad Union City Blue, so just how depressing is the current lowly roll call? Another 68-year-old singer was equally on the money when Cher implored "Come Back to the Five and Dime, Jimmy Dean." Competitors do indeed keep returning to Jimmy Dean sausage owner Hillshire Brands (NYSE:HSH), which advanced an additional 9.48% as a bidding war for its services was taken up yet another notch. Cher, who looks absolutely incredible for her age, may have dabbled in Botox. Bill Ackman certainly has, even as the current object of his affection Allergan (NYSE:AGN) imploded 1.53% on a rating reduction. The activist investor owns a bucket load of Fannie Mae (OTCBB:FNMA), and, as of yesterday, so does his erstwhile enemy Carl Icahn. How odd that Mr. Icahn, having just been smeared by the taint of insider trading in Clorox (NYSE:CLX), would now want to own an outfit whose very name will always be dirty as Mudd.
 
Today in economics, the Institute for Supply Management's May services index is expected to expand slightly from the prior month's pace at 10:00 a.m. EDT. At 2:00 p.m., the Federal Reserve releases its Beige Book detailing regional financial conditions in a dozen districts. On the earnings front, Brown-Forman (NYSE:BF.B), Hovnanian Enterprises (NYSE:HOV), and PVH Corp (NYSE:PVH) all announce results.
 
Now let's turn to this morning's new stock coverage, a list that includes several energy companies in addition to Monster Beverage.

Air Methods (NASDAQ:AIRM): KeyBanc Capital covers the company at a Buy. Its price objective is $63.
 
EXACT Sciences (NASDAQ:EXAS): Shares get assigned a Buy at Goldman Sachs, whose target price is $19.
 
GTT Communications (NYSEMKT:GTT): The stock is picked up at Outperform by Pacific Crest.
 
Monster Beverage: Credit Suisse covers today's headline equity at Outperform, assigning it an $82 objective.
 
NOW Inc (NYSE:DNOW): Shares are a new Neutral ($43 target) at Susquehanna.
 
Oil Service Stocks: Macquarie assigns Outperforms on Halliburton (NYSE:HAL), Hercules Offshore (NASDAQ:HERO), Parker Drilling (NYSE:PKD), and Schlumberger (NYSE:SLB).
 
Osisko Mining (OTCMKTS:OSKFF): The stock is resumed at Outperform by RBC Capital Markets, which cites its solid balance sheet and strong free cash among other catalysts.

Also see:
 

Stock Upgrades: Meet Newell Rubbermaid, on a Road to Riches

Stock Downgrades: The Wheels Keep Coming Off Coach
< Previous
  • 1
Next >
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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
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