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New Stock Coverage: Charles Schwab Making Money Talk

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

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MINYANVILLE ORIGINAL Inspired by the sterling example of Indiana Jones - who knew all about economics, based on the iconic image of him on horseback at Petra's Treasury - stocks celebrated Steven Spielberg's 66th birthday by stubbornly refusing to fall from the fiscal cliff. Indeed Dow Industrials (^DJI) enjoyed their first successive triple-digit gains since the summer and our fedora wearing adventurer, who operated in the golden age of radio, will have loved an analyst-related 1.37% advance in Sirius XM Radio (SIRI), which stands at a fresh 52-week peak. And on the same day Arbitron (ARB) jumped 23.86% to top the entire NYSE, although alas RadioShack (RSH) missed out on all the fun, sliding some 7.47%.

It's quite a light day in economic data, but quarterly earnings announcements are expected out of Accenture (ACN), Bed Bath & Beyond (BBBY), FedEx (FDX), General Mills (GIS), Jabil Circuit (JBL), Navistar (NAV), and Paychex (PAYX).

Antares Pharma (ATRS): The small cap is begun with a Buy at Jefferies, whose price objective is $5.

Avery Dennison (AVY): Shares are a new Neutral at Citigroup.

Baidu (BIDU): Shares are lower this morning after being initiated with a Sell at Maxim.

M&T Bank (MTB): Goldman Sachs starts the stock at a Neutral and has a $105 target price.

Discount Brokers: William Blair assigns Overweights on Charles Schwab (NYSE:SCHW), famous for its "Talk To Chuck" ad campaigns, and TD Ameritrade (NYSE:AMTD).

Host Hotels (HST): Shares are initiated with a Hold at Sandler O'Neill.

Monro Muffler (MNRO): The stock is a Buy at Stifel Nicolau.

Southwestern Energy (SWN): Société Générale starts the stock at a Buy.

Target (TGT): Shares are initiated with a Hold at Stifel Nicolaus.

Whitestone REIT (WSR): The name is a new Neutral at Robert W. Baird.

Yelp Inc. (YELP): YELP is initiated with a Market Perform at Northland Securities, whose target is $18.

(See also: Stock Downgrades: Plastic Not Fantastic for American Express and Stock Upgrades: Panera Bread Rolling in Dough.)
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.

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