Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

New Stock Coverage: Mel Karmazin Worth $255.4 Million a Year? You Cannot Be Sirius

By

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

PrintPRINT
A paltry 148,000 jobs added in a country of 313.9 million isn't exactly a healthy testament to capitalism. You could fit that total, with 2,000 to spare, into a single stadium in communist North Korea. (Always assuming Wikipedia can be trusted.) Yet September's anemic employment report was enough to send S&P 500 (INDEXSP:.INX) shares to yet another record as investors bet that the Fed's monetary morphine will continue. Not all equities shared in the ebullience. A troubled handbag maker, downgraded this morning, slumped 7.53%, so they certainly won't be saying "Cheers, Coach (NYSE:COH)" as the World Series opens tonight in Boston. Beantown native Reed Hastings fared even worse, with his Netflix (NASDAQ:NFLX) nosediving 9.15% after earlier being up big. So much for Pay It Forward, Kevin - you made me look like a total Spacey cadet. And ATM maker Diebold (NYSE:DBD) was charged with bribing officials in Russia, where such shenanigans are sadly no longer tax deductible.

Hump Day of peak week for third quarter earnings is here, with AT&T Inc. (NYSE:T), Boeing (NYSE:BA), Caterpillar (NYSE:CAT), F5 Networks (NASDAQ:FFIV), GlaxoSmithKline (NYSE:GSK), and WellPoint (NYSE:WLP) among a multitude of companies releasing results.

Digital Radio: FBR Capital picks up Pandora Media (NYSE:P) with a Market Perform rating and $25 target price. It assigns Outperforms on Liberty Media (NASDAQ:LMCA) and Sirius XM Radio (NASDAQ:SIRI), home to shock jock Howard Stern, whose CEO Mel Karmazin made $255.4 million in 2012. The respective price objectives are $200 and $5.50.

Online Travel: FBR Capital has Market Performs on HomeAway (NASDAQ:AWAY) ($29 target), MakeMyTrip (NASDAQ:MMYT) ($14), Orbitz (NYSE:OWW) ($9), and TripAdvisor (NASDAQ:TRIP) ($70.) It establishes Outperforms on Expedia (NASDAQ:EXPE) ($60 objective) and Priceline.com (NASDAQ:PCLN) ($1,250).r

PetSmart (NASDAQ:PETM): ISI Group sets a new Neutral on PETM.

(See also: Stock Upgrades: Who Needs an iWatch When There's Fossil? and Stock Downgrades: ARM Gets Thumbs Down in Apple Fallout)
< 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.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE