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New Stock Coverage: Gobble Up Brasil Foods


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

The Bulls finally beat the Heat in basketball, but Wall Street's animal spirits show absolutely no signs of cooling off. Net profits were the story of a first quarter that witnessed the Dow (^DJI) post its best such performance for 15 years.

Italy, shaped like a boot, continues to kick the can, but Ugg endorser Tom Brady had his Deckers Outdoor (DECK) step up with an 11% surge last week. His Brazilian supermodel wife isn't doing too badly with her flips-flops either and Hewlett-Packard (HPQ) - so named on the flip of a coin and infamous for its own flip-flops - surged some 67% in the past three months to easily best all blue chips.

Facebook (FB) slid 6.8% from January through March but boy wonder Mark Zuckerberg still had a better time of it than another 28-year old.

Today in economics, construction spending for February and the Institute for Supply Management's March manufacturing report are each due out at 10:00 a.m. Eastern. On the earnings front, expect quarterly announcements from Cal-Maine Foods (CALM), Jos. A. Bank Clothiers (JOSB), Oxford Resource Partners (OXF), and Pep Boys – Manny, Moe & Jack (PBY).

Artisan Partners Asset Management (APAM): Citigroup assigns a Buy on APAM but Goldman Sachs (Neutral) and Keefe Bruyette (Market Perform) are not as optimistic.

BRF-Brazil Foods (NYSE:BRFS): The company, Earth's biggest poultry exporter, is picked up with a bullish Conviction Buy rating at Goldman.

Coca-Cola FEMSA (KOF): Goldman Sachs has a new Neutral on the Mexican bottler.

DuPont (DD): The Dow (^DJI) member is a new Neutral at Credit Suisse.

Gladstone Land (LAND): Janney begins Buy rated research.

Moneygram (MGI): Shares are assigned an Outperform at Macquarie.

NGL Energy Partners (NGL): The oil and gas limited partnership is launched at an Outperform with Wells Fargo.

(See also: Stock Upgrades: More Good Things On Tap at Molson Coors and Stock Downgrades: The Sky Is Falling on United Continental.)
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