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New Stock Coverage:, Inc.'s Money Tree Appears Unshakable


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

The incessantly talkative organization that some call the "Federal Open Mouth Committee" was greeted with a big yawn by Wall Street. S&P 500 (^GSPC) shares barely budged after an argument of what constitutes "many" versus "several" set off the sort of epistemological head-scratching not seen in our nation's capital since Billy boy had us all wondering what the meaning of "is" is. A peak petroleum website shut down and, right on contrarian cue, oil hit a fresh 15-month high. It is now up an unlucky 13% in the past two weeks alone amid a crisis in Egypt. Far better, then, to invest in pyramid schemes as opposed to anything in the immediate proximity of the pyramids. Especially after Herbalife (HLF) and Nu Skin (NUS) bucked an otherwise dull day to rise a respective 1.23% and 19.21%. Speaking of new skin, there were frozen smiles all around at Botox maker Allergan (AGN), which gained 2.37% as a suddenly resurgent Eliot Spitzer managed to turn that frown spectacularly upside down. And, continuing a bad week for Merediths, Meredith Corporation (MDP) dropped on a broker downgrade.

Today's quarterly earnings announcements are expected to include Bank of The Ozarks (OZRK), Commerce Bancshares (CBSH), Progressive (PGR), and Washington Federal (WAFD).

Constellium NV (CSTM): Société Générale starts the metal fabrication name at a Buy.

Cummins Inc. (CMI): The stock is covered with a Buy at BB&T Capital.

FedEx Corporation (FDX): FDX is a fresh Buy at Buckingham.

Financial Stocks: Evercore initiates Equal Weights on Franklin Resources, Inc.(BEN), Invesco Ltd. (IVZ), and Legg Mason Inc (LM). It rates both BlackRock, Inc.(BLK) and T. Rowe Price Group, Inc. (TROW) as Overweight, the former on account of its impressive revenue growth prospects over the long haul.

Internet-Related Stocks: Susquehanna has a new Negative on TripAdvisor (TRIP). It has fresh Neutrals on Facebook Inc (FB), Expedia Inc (EXPE), Orbitz Worldwide, Inc. (OWW), and Yahoo Inc. (YHOO). Positives are assigned on an ebullient, Inc. (AMZN) - trading at the highest level in its history - eBay Inc (EBAY), Google Inc (GOOG), LinkedIn Corp (LNKD), Pandora Media Inc (P), and Inc. (PCLN).

Lululemon Athletica inc. (LULU): Jefferies has a Hold on the cult yoga clothing company.

MacQuarie Infrastructure Company LLC (MIC): Shares are set an Overweight by Barclays.

Mortgage Stocks: Saying they are a way to play a resurgent housing sector, FBC Capital resumes Outperforms on PennyMac Mortgage
Investment Trust (PMT) and PennyMac Financial Services Inc (PFSI). Its respective price objectives are $24 and $25.

Subsea 7 SA (ADR) (SUBCY): Berenberg begins Buy-rated research on the seabed-to-surface engineering stock.

Sunshine Heart Inc (SSH): SSH is started with an Outperform at Oppenheimer.

TOSHIBA CORP (TOSBF): Sanford Bernstein begins the Japanese electronics giant at Outperform.

(See also: Stock Upgrades: Advanced Micro Devices, Inc. Is on the March and Stock Downgrades: Is The New York Times Company a Paper Tiger?)
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