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New Stock Coverage: Gobble Up Brasil Foods

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

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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.)
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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