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: Berkshire's Buffett Provides Feast for Investors

By

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

PrintPRINT
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.)
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