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New Stock Coverage: Time Warner Cable, Despised by an English Knight, Has a Great Day


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

For all the attractive alternatives offered up by the just-paroled Dennis the Menace - he of the $6,000 shower curtain - and the Fed's Janet, namesake of the actress in history's most Psycho shower scene - US equities opted to extend their bath into a third session. Stock markets dropped again, amid increasing fears that the aforementioned Mrs. Yellen is about to taper ahead of schedule. The Dow (INDEXDJX:.DJI), clearly getting into the spirit of Giving Tuesday, gave back more of its recent gains and has now ended off in every session since Thanksgiving. Dragging on the index was Walt Disney (NYSE:DIS), which dropped 1.21% on a downgrade. This despite the success of its Frozen. (The Mouse House's latest box office offering, not to be confused with its founder's allegedly cryogenically preserved state since 1965.) As investors disowned equities, the Kim Dynasty - not those infernal Kardashians - just forced its most avuncular member to "say uncle" on pain of death. Far safer to stick with Smith & Nephew (NYSE:SNN), which rode a broker boost to gain 1.22% in hitting a 25-year high. And Google's (NASDAQ:GOOG) Motorola apologized after its website crashed due to "overwhelming demand." Sure. That's what they all say.

In terms of economic events that may move US markets today, September and October new-home sales, along with the Institute for Supply Management's November services index, are each out at 10:00 a.m. Eastern. For its part, the Federal Open Market Committee releases its Beige Book, detailing regional financial conditions in a dozen districts at 2:00 p.m. Regarding specific stocks, expect earnings announcements out of Aéropostale (NYSE:ARO), Bob Evans Farms (NASDAQ:BOBE), Brown-Forman (NYSE:BF.B), Express Inc. (NYSE:EXPR), G-III Apparel (NASDAQ:GIII), Guess Inc. (NYSE:GES), Mattress Firm Holding (NASDAQ:MFRM), New York & Co. (NYSE:NWY), and Synopsys (NASDAQ:SNPS).

Agrium (NYSE:AGU): The company is begun with an Outperform opinion and $115 price objective at RBC Capital, which notes its solid growth prospects, both organically and via acquisitions.

Broadcasting Sector: Northland Capital has new Market Performs on Cablevision (NYSE:CVC), Charter Communications (NASDAQ:CHTR), and DISH Network (NYSE:DISH), home of The Hopper. It assigns respective objectives of $19, $146, and $61. The broker begins Outperforms on DIRECTV (NASDAQ:DTV) ($84 target price), Time Warner Cable (NYSE:TWC) - famously the bane of Sir Patrick Stewart's life - ($165 target), and Comcast (NASDAQ:CMCSA) ($61 target).

Commscope (NASDAQ:COMM): Shares are begun with an Overweight and $20 target at Barclays, which cites its cloud-driven prospects among other favorable factors.

DDR Corp. (NYSE:DDR): The Real Estate Investment Trust is resumed with an Outperform at Imperial Capital, whose objective is $18.

JGWPT Holdings (NYSE:JGW): Barclays begins Overweight-rated research.

Mosaic (NYSE:MOS): The fertilizer firm is a fresh Outperform at RBC Capital, whose target is $57.

Sprague Resources (NYSE:SRLP): Barclays launches the limited partnership at Equal Weight.

Splunk (NASDAQ:SPLK): Splunk stock is initiated with an Outperform at Oppenheimer. Its price objective is $80.

Whirlpool (NYSE:WHR): Whirlpool stock is a new Buy at MKM Partners. Whirlpool owns several appliance brands, including Maytag.

(See also: Stock Upgrades: Oh, What a Beautiful Morning for Oklahoma's Own Sonic Corporation and Stock Downgrades: Goldman Sachs Tells Citigroup to Get Out of Town)
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