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New Stock Coverage: Say "G'Day" to Morgan Stanley

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

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Much to Mr. DiCaprio's amusement, Hollywood just called The Wolf of Wall Street a comedian in bestowing its award. His forgotten victims will fail to see the funny side but, as any humorist can tell you, comedy equals tragedy plus time. (Even Groucho Marx, who lost all his money in the Crash of 1929, would one day see the funny side.) And thus it was that one day after enduring their worst day of the year, US stock markets enjoyed their best, with the Dow (INDEXDJX:.DJI) snapping a four-session slump in some style. Marissa Mayer certainly saw the funny side - although a little of her laughter goes an awfully long way - as Yahoo (NASDAQ:YHOO) rode a broker boost to advance 2.88%. Beam Inc. (NYSE:BEAM), which made funny money on Monday, laughing all the way to the bank with a 25.56% increase, may now rely on a bridge loan for its lifeline. Will Chris Christie see the funny side, one wonders? "Bridge Over Troubled Water" put Paul Simon on the map, but he also wrote 50 Ways to Lose Your Liver. (I quote from memory.) Intercept Pharmaceuticals (NASDAQ:ICPT), which imploded 18.27% as investors spewed bile over its cirrhosis drug, knows the feeling. One of the 50 ways was "Hop on the bus, Gus" but best not to do that with Google (NASDAQ:GOOG). No, after its shares just jumped 2.35% to an all-time high, it's far safer to simply park your money there.

In terms of economic events that may move US stock markets today, at 2:00 p.m. Eastern, the Fed releases its Beige Book, detailing regional financial conditions in a dozen districts. Regarding specific stocks, expect earnings announcements out of Bank of America (NYSE:BAC), CSX Corporation (NYSE:CSX), Fastenal (NASDAQ:FAST), and Kinder Morgan Inc. (NYSE:KMI) as the pace of quarterly reporting season picks up.

Air/Freight Delivery Susquehanna starts new Neutrals on FedEx (NYSE:FDX) and United Parcel Service (NYSE:UPS), assigning respective price objectives of $150 and $107 on the stocks.

Internet Stocks: Nomura has new Neutrals on Twitter (NYSE:TWTR) ($60 target price) and Yahoo (NASDAQ:YHOO) ($40), but begins Buys on Facebook (NASDAQ:FB), Google (NASDAQ:GOOG) ($1,300), and TripAdvisor (NASDAQ:TRIP) ($100.)

Media & Entertainment: Nomura has a new Neutral ($90 target) on Viacom (NASDAQ:VIAB), but begins Buys on CBS Corp (NYSE:CBS) ($75), Discovery Communications (NASDAQ:DISCA) ($100), 21st Century Fox (NASDAQ:FOXA) ($40), and Dow member Walt Disney (NYSE:DIS) ($90).

Morgan Stanley (NYSE:MS): Morgan Stanley's Aussie CEO James Gorman may struggle to get into the spirit of G'Day USA after his stock was started with a "meh" Market Perform at Keefe Bruyette this morning. Its price objective is $34. Shares have hardly been "down under" during his tenure, however, having jumped 54.96% in the past 12 months.

PolyOne (NYSE:POL): Goldman Sachs picks up POL at a Buy.

Raymond James Financial (NYSE:RJF): Credit Suisse resumes Outperform-rated research, and a $60 price objective, on RJF.

See also:

Stock Upgrades: Intel Proves Only the Paranoid Survive

Stock Downgrades: ExOne Is Too Blue
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No positions in stocks mentioned.
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