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New Stock Coverage: Berkshire's Buffett Provides Feast for Investors


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

Shares rounded out another record month, with an Internet outfit that has yet to find a reliable way of making money rising for an eighth straight session. If 1999 just called and wants its copy back, well, that may be why telecoms were the single strongest sector in April as the Dow (^DJI) notched its best 16-week start to an annum since the market's millennial madness 14 years previously.

And as for the aforesaid Facebook (FB), Mark Zuckerberg at a buck a year arguably represents better value than Marissa Mayer making 36 mil for six months' work. As home ownership fell to its lowest level since 1995, Microsoft (MSFT) - which was big back then - gained 15.7% to easily best all blue chips in April. Its Excel remains too tough for Harvard professors, however, and Financial Literacy Month suffered a fresh blow in its final hours when software stock Symantec (SYMC) blamed that old standby the "clerical error" for temporarily taking $1.5 billion off its market cap.

Today in economics, March construction spending and April's Institute for Supply Management manufacturing index are each out at 10:00 a.m. Eastern. The Federal Open Market Committee is expected to announce its decision on interest rates at 2:00 p.m. On the earnings front, Allstate (ALL), CBS Corporation (CBS), Comcast (CMCSA), Facebook (FB), Humana (HUM), MasterCard (MA), Merck (MRK), Time Warner (TWX), Visa (V), and Yelp Inc. (YELP) are all due to release results.

Berkshire Hathaway (NYSE:BRK.A): An unusual research recommendation on Warren Buffett's holding company, which has always been relatively undercovered on Wall Street. Nomura starts the stock with a bullish Buy rating ahead of this weekend's annual shareholder meeting, which is known as "Woodstock for Capitalists."

Fast Food: Fiesta Restaurant Group (FRGI), up 3.61% yesterday, is begun with a Buy at Jefferies, which has Holds on both Buffalo Wild Wings (BWLD) and Sonic Corporation (SONC).

Fiesta Restaurant Group (FRGI): Shares are a fresh Overweight at Piper Jaffray.

Matador Resources (MTDR): C.K. Cooper has a Hold.

Polypore International (PPO): Goldman Sachs starts the stock at Neutral.

Rosetta Resources (ROSE): Bank of America-Merrill Lynch resumes Buy rated research on ROSE.

T-Mobile USA (TMUS): Shares, which start trading today on the NYSE, are a new Buy at Goldman Sachs.

West Corp (WSTC): Who says all equity analysts think alike? Bank of America-Merrill Lynch (Buy), Barclays (Overweight), Citigroup (Buy), Deutsche Bank (Buy), Goldman Sachs (Buy), Morgan Stanley (Overweight), and William Blair (Outperform) are equally upbeat on the tech firm.

(See also: Stock Upgrades: Trulia Is the Real Deal and Stock Downgrades: Sky Falls in on Cloud Peak Energy.)
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