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


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

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 (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)
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