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New Stock Coverage: Hanesbrands Stock Run Has L'eggs

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

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That New York newsstand still displaying magazines, frozen in time, from the year 2000 may be on to something after all. Last week the Nasdaq (^IXIC) jumped 3.03% to stand at its highest level since those heady days of 13 years ago.

Indeed even AOL Inc. (AOL), whose acquisition of Time Warner (TWX) in the first month of the millennium was in retrospect a signal that the market had lost its mind, is back in favor, judging by today's bullish analyst initiation.

During the week of May Day, shares enjoyed a Great Leap Forward - if Chairman Mao will forgive the phrase, with China stocks slumping to their lowest level of 2013 even as other markets rose worldwide. Germany's Deutsche Bank (DB) jumped 13.4% after making moves to shore up capital requirements for Basel III. (Basil, don't mention World War II.)

Margaret Thatcher, no fan of the Fatherland as demonstrated in her famous flag swap, would not have been thrilled at Thorsten Heins, Teutonic CEO of BlackBerry (BBRY), seeing his stock gain 4.1%. But she will have presumably have been pleased that the advance was propelled by its stellar sales at an iconic English shop.

No top-tier data economic due today, but earnings announcements are expected out of Anadarko Petroleum (APC), Apollo Global (APO), EOG Resources (EOG), First Solar (FSLR), Frontier Communications (FTR), Sysco Corporation (SYY), Target (TGT), and Tyson Foods (TSN).

Altisource Residential (RESI): The stock gets picked up with an Overweight at Piper Jaffray.

AOL Inc. (AOL): Cowen covers the company at Outperform.

Broadsoft (BSFT): Deutsche Bank has a Hold on the shares.

Chimerix (CMRX): The biopharmaceutical firm is a fresh Buy at Lazard.

Hanesbrands (NYSE:HBI): The underwear maker, whose other brands include barely there, Champion, L'eggs, Playtex, and Wonderbra, is assigned a bullish Outperform with Wells Fargo. A recent Barron's boost saw shares reach a fresh 52-week peak last week.

Harley-Davidson (HOG): Morgan Stanley establishes an Overweight on the motorcycle icon.

Howard Hughes Corporation (HHC): JMP Securities has a Market Perform on HHC, with a recent breakout to historic highs leaving current upside potential constrained.

KNOT Offshore Partners (KNOP): Bank of America-Merrill Lynch launches Buy rated research on the limited partnership.

StealthGas (GASS): Evercore gives GASS an Overweight rating.

UnitedHealth (UNH): The latest addition to the Dow (^DJI) is a new Overweight at JPMorgan.

(See also: Stock Upgrades: No Need for Intel to Have a Chip on Its Shoulder and Stock Downgrades: Analyst Goes Nuclear on Exelon.)
No positions in stocks mentioned.
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