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New Stock Coverage: Orbitz About to Take Off


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

Online travel outfit Orbitz (NYSE:OWW) has showed strength of late, most recently on the back of a 7.5 million secondary share offering last month. Still, its equity has underperformed the broader market over the past year, increasing a solid but unspectacular 7.69% in the past 12 months. Today Orbitz is boosted by a broker who sees nothing but clear skies and an upside breakout ahead. The analyst is especially enthused about its improving hotel business.
With all due deference to Orbitz, yesterday stocks went nowhere fast, with Dow Industrials (INDEXDJX:.DJI) ending essentially unchanged as a more Mosul mayhem mitigated a medical merger Monday. Buenos Aires-born Pope Francis railed against the rich and his homeland quickly took care of that problem, with Argentina's main Merval Index (BCBA:IMV) plunging 10.09% on a new debt threat. Greenpeace, a 501(c)(3) charitable entity, ensured it will be non-profit for the foreseeable future by blowing $5.2 million on an errant currency trade. These money tree-hugging hippy environmentalists really ought to step aside and leave this capitalist lark to the professionals. (Actually, scratch that.) Ukraine vied with Iraq and Argentina as planet Earth's worst banana republic, but a quote that was surely lost in translation sent language software stock Rosetta Stone (NYSE:RST) surging some 3.55%. At least, in an increasingly uncertain world, some things can always be counted on. As England's Gary Lineker once memorably remarked, "Football is a simple game; 22 men chase a ball for 90 minutes and at the end, the Germans win." Indeed. The Teutons triumphed 4-0 -- with their first goal a penalty, naturally -- against the worst of the PIIGS, whose main man lost investors their shirts before the game even started.
Today the Federal Reserve starts its two-day policy meeting in Washington, DC. In earnings action, Adobe Systems (NASDAQ:ADBE) and La-Z-Boy (NYSE:LZB) each release results.
Now let's turn to this morning's new stock coverage, a list that includes an aerospace outfit in addition to Orbitz.

Alpha & Omega Semiconductor (NASDAQ:AOSL): Shares are assigned an Outperform and $13 price objective at Northland Capital, which cites the company's imminent return to profitability.
Aviv REIT (NYSE:AVIV): Citigroup has a new Neutral on the real estate name. Its target price is $30.
BAE Systems (OTCMKTS:BAESY): The aerospace firm is a fresh Hold at Berenberg.
Cobalt International Energy (NYSE:CIE): Brean Capital covers the company with a Buy and $24 target amid its impressive liquidity.
Netflix (NASDAQ:NFLX): Morgan Stanley starts the video streaming stock at Overweight with an objective of $500.
Now Inc. (NYSE:DNOW): Shares are established at Equal Weight by Barclays.
Orbitz: UBS assigns a Buy on today's headline analyst initiation.
Parsley Energy (NYSE:PE): JPMorgan picks up the equity at a Neutral but Raymond James, at Outperform, is more upbeat.
Superior Drilling Products (NYSEMKT:SDPI): The stock is begun with a Buy and $8 objective at Wunderlich, which says it deserves to trade at a premium to industry peers.
TherapeuticsMD (NYSEMKT:TXMD): JMP Securities has an Outperform on the stock..
Vestas Wind Systems (OTCMKTS:VWDRY): The Danish alternative energy outfit is initiated with an Underperform by BNP Paribas.
Also see:
Stock Upgrades: Southwest Airlines Heads North

Stock Downgrades: Travelers Going Nowhere Fast
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No positions in stocks mentioned.
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