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New Stock Coverage: Time to Put Your Nest Egg in Twitter?


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

Not a bad birthday for Charles Henry Dow (INDEXDJX:.DJI), and dude didn't even get a Google (NASDAQ:GOOG) doodle. (The guy could use a shave, but with Gillette owner and key blue-chip component Procter & Gamble (NYSE:PG) advancing 1.69% to hit a historic high along with his eponymous index, that shouldn't be an issue.) It will be scant consolation to the 50 million Americans now living in poverty, but US markets keep reaching records. Stocks also surged across the Atlantic, with Danish turbine titan Vestas Wind Systems (OTCMKTS:VWDRY) jumping 15.17% to 167.20 kroner. The pride of Copenhagen will, of course, be all too aware of Hamlet's famous soliloquy informing us, "There is special providence in the fall of a sparrow." Not sure about that, but a disowned Red Robin (NASDAQ:RRGB) was seriously plucked, falling 1.63% amid all the green ink. This as Bluebird (NASDAQ:BLUE) lost another 3.00% to end at an all-time low. Does all this augur ill for Twitter (NYSE:TWTR)? Probably not, for the San Francisco short-messaging service is all set to fly much higher than its initial public offering price of $26. Although frankly, for that price, I'll take Manhattan.

In terms of today's economic events that may move US markets, September consumer credit is expected to show a contraction at 3:00 p.m. Eastern. Regarding specific stocks, Annie's (NYSE:BNNY), Apache (NYSE:APA), Arena Pharmaceuticals (NASDAQ:ARNA), Beazer Homes (NYSE:BZH), Crédit Agricole (OTCMKTS:CRARY), FireEye (NASDAQ:FEYE), Groupon (NASDAQ:GRPN), Nvidia (NASDAQ:NVDA), Priceline (NASDAQ:PCLN), Rocket Fuel (NASDAQ:FUEL), Siemens (NYSE:SI), Walt Disney (NASDAQ:DIS), and Wendy's (NASDAQ:WEN) are all due to announce earnings.

EasyJet (OTCMKTS:ESYJY): Liberum launches the low-cost European air carrier at a Buy.

Manitowoc (NYSE:MTW): Shares of the construction machinery company, which fell 4.06% even in yesterday's ebullient market, are initiated with an Outperform at Credit Suisse.

PPL Corp (NYSE:PPL): Atlantic Equities picks the stock up at Overweight.

TripAdvisor (NASDAQ:TRIP): Cantor Fitzgerald has a Hold on TripAdvisor. Over the past 12 months, shares of TripAdvisor have returned a remarkable 156.02%.

Twitter (NYSE:TWTR): Twitter, today's eagerly awaited initial public offering, is covered with a Buy at Cantor and an equally upbeat Outperform at RBC Capital. Their respective price objectives are $32 and $33. (Please read here for more about the influence of Twitter.)

Sherwin-Williams (NYSE:SHW): Paint and coating powerhouse Sherwin-Williams is a new Neutral at Sterne Agee, whose target price is $200. Benjamin Moore, close competitor of Sherwin-Williams, is owned by billionaire investor Warren Buffett.

(See also: Stock Downgrades: A Little Bird Tells Me the Canary Just Ate Caterpillar and Stock Upgrades: Who Needs Twitter When There's American Eagle?)
No positions in stocks mentioned.
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