Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

New Stock Coverage: Apollo Global Management LLC Going to Pluto?

By

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

PrintPRINT
It was a fine time to be Ben Bernanke's favorite publication, with the Washington Post (WPO) surging 4.87% in extended trading after being bought. For the rest of us, however, there was no check in the mail, as the Dow (^DJI) endured its worst day in more than a month, thanks mainly to ominous comments from a colleague of the Fed head. Jeff Bezos can at least be completely confident that his $250 million media acquisition will prove infinitely better value for money than the $275 million squandered on Alex Rodriguez. The disgraced slugger is attracting Bronx cheers, but a proud son of Queens, who served his penance in prison, is currently enjoying a new lease on life. Steven Madden (SHOO) saw his stock surge 3.68% to an historic high after Goldman Sachs (GS) flip-flopped its assessment of the footwear firm to Buy from Sell in one fell swoop. Being a native of New York's easternmost borough, Mr. Madden is likely a big Mets fan. The team, which evidently emerges from the shadows only under extreme duress, may alas be less than thrilled at an analyst inspired 11.62% surge in Canadian Solar (CSIQ).

Today's earnings announcements are expected to include Archer Daniels Midland (ADM), CVS Caremark (CVS), DISH Network (DISH), First Solar (FSLR), Liberty Media (LMCA), MGM Resorts (MGM), Office Max (OMX), Porsche (POAHY), Standard Chartered (SCBFF), 21st Century Fox (FOX), Walt Disney (DIS), and Zillow (Z).

Acuity Brands (AYI): The lighting name is launched with a Neutral at Goldman Sachs.

Apollo Global Management LLC (APO): Shares are started with a Buy at Sterne Agee.

CDW Corporation (CDW): Deutsche Bank and Needham both begin Buy-rated coverage, the latter with a $27 price target.

Fifth Street Senior Floating Rate (FSFR): FSFR is a fresh Buy at Deutsche Bank.

HD Supply Holdings (HDS): The industrial equipment stock, up impressively ahead of the open, is begun with bullish ratings at both Bank of America-Merrill Lynch (Buy) and JPMorgan (Overweight.) Goldman Sachs, with a new Neutral, advises greater caution.

OncoSec Medical (ONCS): Shares are begun with a Buy at Roth Capital.

TTM Technologies (TTMI): Canaccord Genuity picks up the printed circuit board provider with a Buy.

(See also: Stock Upgrades: InterContinental Hotels Group PLC Gets the Honeymoon Suite and Stock Downgrades: Big Blues for International Business Machines Corp.)
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE