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New Stock Coverage: WebMD Is the Love Doctor


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

It's the '80s all over again at the box office, but yesterday shareholders were better served by a classic from 1999. No one saw dead money, and most investors made much more than six cents, as Nasdaq (INDEXNASDAQ:.IXIC) -- whose best-ever year was indeed exactly 15 years ago -- rose for a sixth straight session. This, as New York's mayor said, "Welcome to winter storm six of the last six weeks," and after the aforementioned blizzard prevented Fed head Janet Yellen from reprising her six hours of Tuesday testimony on Capitol Hill. With the Dow (INDEXDJX:.DJI) back above 16,000, Haley Joel Osment -- him again -- was on the money in saying we should Pay It Forward, for Facebook (NASDAQ:FB) rewarded Mark Zuckerberg's breathtaking philanthropy by rising 4.47% to a historic high. Also finishing at a fresh best was AMC Entertainment (NYSE:AMC), the movie chain bought by a Sino conglomerate in 2012. Alas, one Chinese man showed precious little love for the film Beijing Love Story on the eve of Valentine's Day, as the major misanthrope bought up all the odd-numbered seats in order to prevent amorous couples from sitting together. And Time Warner Cable (NYSE:TWC), owned until 2009 by the company indelibly associated with the worst corporate marriage of all time, marched down the aisle with Comcast Corporation (NASDAQ:CMCSA) and saw its stock surge 7.02%.

Today's earnings announcements include Campbell Soup (NYSE:CPB), Petrobras (NYSE:PBR), and Red Robin Gourmet Burgers (NASDAQ:RRGB). On Monday, US stock and bond markets will be closed in honor of Washington's Birthday.

AthenaHealth (NASDAQ:ATHN): Shares are assigned a Sector Perform at RBC Capital Markets, whose price objective is $180.

Cerner Corp (NASDAQ:CERN): RBC Capital covers the company at Outperform. Its target price is $66.

Cumulus Media (NASDAQ:CMLS): The stock is initiated with an Outperform and $9 objective, again at RBC. Upcoming catalysts include improvement in its free cash flow.

Hanover Insurance Group (NYSE:THG): Guggenheim begins a Buy on the equity.

Hibbett Sports (NASDAQ:HIBB): Deutsche Bank has a Hold on HIBB.

US Ecology (NASDAQ:ECOL): Shares are covered with an Outperform opinion and $39 objective at Credit Suisse.

WebMD Health (NASDAQ:WBMD): RBC Capital rates this stock its new Top Pick, saying that the company could conceivably become "the Google (NASDAQ:GOOG) of health care." Its price target is $70.

See also:

Stock Upgrades: Home Is Where the Heart Is for TreeHouse Foods

Stock Downgrades: Teenage Crush Is Over at Aeropostale
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No positions in stocks mentioned.
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