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New Stock Coverage: Green Is the New Black for Netflix


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

Shareholders of a certain age, still scarred by taking a shower with Janet Leigh, must have feared they'd take a bath with Janet Yellen, especially as markets have been in free-fall of late. As it turned out, investors needn't have worried, with the feel good factor inspired by the first female to be nominated as Fed head helping keep S&P 500 (INDEXSP:.INX) equities above water for once. Proposing her for a four-year term, President Obama lavished praise and said, "She's tough -- not just because she's from Brooklyn." (It's nice to know pay-for-performance exists in at least one New York borough, because yesterday it certainly didn't over in the Bronx.)

Just in time for John Lennon's birthday, Starbucks (NASDAQ:SBUX) went all touchy-feely on us in urging America to "Come Together," to quote a classic Beatles tune. Strangely, its stock still fell 0.36% even in an up market, perhaps because the country recoiled from receiving morality lectures from a firm freshly accused of theft. Fed meeting minutes revealed its September taper tantrum to be a "close call," which promptly sent AT&T (NYSE:T) up a Dow (INDEXDJX:.DJI)-best 1.93%. Ah, the endlessly innovative telephone industry. In Azerbaijan, there is now even a mobile-phone app that releases election results one day before the vote takes place.

Today's quarterly earnings announcements are due to include Farmer Brothers (NASDAQ:FARM), Lindsay Corporation (NYSE:LNN), Micron Technology(NASDAQ:MU), and Safeway (NYSE:SWY).

Artisan Partners (NYSE:APAM): Jefferies begins the money manager at a Buy and assigns it a target price of $61.

Boeing (NYSE:BA): Citing strong industry fundamentals, Canaccord Genuity covers the Dow (INDEXDJX:.DJI) component at a Buy.

Cubist Pharmaceuticals (NASDAQ:CBST): The stock is initiated with an Outperform and $81 price objective at Oppenheimer, which says that the heightened prevalence of multiple-drug-resistant (MDR) infections can act as a catalyst.

Dresser-Rand (NYSE:DRC): William Blair picks up the stock at Perform.

FireEye (NASDAQ:FEYE): Cowen covers the application software outfit at Outperform. Its objective is $50.

First Niagara (NASDAQ:FNFG): RBC Capital resumes its fellow financial firm at Outperform.

Hecla Mining (NYSE:HL): The commodity company is covered with a Buy rating and $4 target at Roth Capital.

Kirby Corporation (NYSE:KEX): Shares are a fresh Outperform at FBR Capital, whose price objective is $105 amid good gains in US oil and gas production.

LaSalle Hotel (NYSE:LHO): Morgan Stanley launches the accommodation outfit at Underweight.

Netflix (NASDAQ:NFLX): The movie-streaming service may see more green ink today after being begun with a bullish Buy at Needham, which cites global broadband growth. It is already the top S&P 500 (INDEXSP:.INX) stock of 2013, helped by the success of its jailhouse drama Orange Is the New Black. (For related reading, here are other ways to play prison.)

Royal Gold (NASDAQ:RGLD): Barclays begins the commodity company at Overweight.

Spirit Aerosystems (NYSE:SPR): Canaccord Genuity has a Hold on SPR.

WisdomTree (NASDAQ:WETF): The financial firm is initiated with a Buy at Jefferies.

(See also: Stock Upgrades: PC Era Over? Hewlett-Packard Didn't Get the Memo and Stock Downgrades: Nobody Can Console Sony.)
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