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: Churchill Downs Would Make Maggie Proud

By

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

PrintPRINT
Pennies don't fall from heaven. They have to be earned here on Earth.
– Margaret Thatcher (1979)

On her first full day in that transcendent place, the British Prime minister continues to keep a watchful eye on capitalism, with her words proving uncomfortably prophetic for, natch, JC Penney (JCP). Shares indeed fell 12.22% to a 12-year low in a positively hellish performance. Maggie's celestial aura - combined with First Solar (FSLR), up 45.53% in its best day ever - made the skies above burn brighter as markets again reached records. The alternative energy outfit saw shares surge amid high hopes for its Desert Sunlight, but Ray-Ban sunglasses owner Luxottica Group (LUX) got its just desserts, losing 2.39% on a lukewarm analyst initiation.

Today at 2:00 p.m. Eastern the Federal Open Market Committee releases minutes to its March 19-20 meeting. In earnings activity, Bed Bath & Beyond (BBBY), Carmax (KMX), Constellation Brands (STZ), Family Dollar (FDO), Fastenal (FAST), and Ruby Tuesday (RT) are all due to report results.

Churchill Downs (NASDAQ:CHDN): In the week Mrs. Thatcher passed away, a stock with echoes of another iconic British prime minister is in the news. The thoroughbred horseracing company based in Louisville, Kentucky, is launched with a Buy at Janney.

Gartner (IT): Janney begins Buy rated research on the information technology outfit.

H&R Block (HRB): Shares are initiated with an Outperform at Wedbush.

Heartland Financial (HTLF): D.A. Davidson has a Buy on HTLF.

Icahn Enterprises (IEP): The limited partnership is picked up with a Buy at Jefferies

Japanese Electronics: JPMorgan assigns an Overweight on Panasonic (PC) and has a new Neutral on Sony (SNE).

MarkWest Energy Partners (MWE): Goldman Sachs has a new Neutral on the name.

Navidea Biopharmaceuticals (NAVB): NAVB is a new Buy at Janney.

Netflix (NFLX): Shares are initiated with an Underweight at Evercore.

(See also: Stock Upgrades: American Eagle Can Fly High and Stock Downgrades: Hospital Stocks Back in Emergency Ward.)
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

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE