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: If It's Tuesday, This Must Be Belgium for Netflix

By

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

PrintPRINT
A cross-continental comedy caper, readily available on Netflix (NASDAQ:NFLX), was called If It's Tuesday, This Must Be Belgium. This Tuesday, the video-streaming giant gets a broker boost on account of its impressive international outlook. The analyst says Netflix, the top S&P 500 (INDEXSP:.INX) stock of 2013, has underappreciated prospects overseas and believes that an upcoming worldwide expansion justifies its premium multiple.
 
With due deference to Pershing Square, a decidedly dull day that had investors going around in circles was rescued by a cube. Not Rubik's Cube, although Google's (NASDAQ:GOOG) doodle was worthy of a mention. But rather Apple's (NASDAQ:AAPL) Big Apple cube, whose eighth anniversary evidently inspired that stock, suddenly back above $600, to a 1.18% advance in as tech equities rebounded. Business people broke out their A-Z atlas of London as that city beat out New York as the epicenter of finance, but the English capital's unloved AstraZeneca (NYSE:AZN) tumbled 12.01% after rebuffing midtown Manhattan Dow (INDEXDJX:.DJI) component Pfizer (NYSE:PFE). And it hit the Fan at Deutsche Bank (NYSE:DB), which dropped 1.21% after an analyst downgrade.
 
There aren't any top-tier economic data due today, but expect quarterly earnings announcements out of Home Depot (NYSE:HD), Dick's Sporting Goods (NYSE:DKS), and Staples (NASDAQ:SPLS).
 
Now let's turn to this morning's new stock coverage, a list that includes a current fashion darling in addition to Netflix.

Ally Financial (NYSE:ALLY): Barclays (Overweight with a $28 target price) and Morgan Stanley (Overweight and $30) are equally upbeat, but Goldman Sachs (Neutral and $26) advises greater caution.
 
Aruba Networks (NASDAQ:ARUN): Imperial Capital covers the company at an Outperform and establishes a price objective of $23.
 
CyrusOne (NASDAQ:CONE): Shares are initiated with a Buy at UBS, whose target is $24.
 
Lombard Medical (NASDAQ:EVAR): Barclays begins the equity at Overweight.
 
Lukoil (OTCMKTS:LUKOY): The stock is launched with an Outperform and $66 price target at Credit Suisse.
 
Michael Kors (NYSE:KORS): The clothing and accessories outfit is a new Buy ($117 price objective) at Topeka Capital Markets, which cites good earnings growth and a global expansion.
 
Netflix: Shares are begun with a Buy at Topeka Capital Markets, whose price objective is $421.
 
Starwood Property Trust (NYSE:STWD): Goldman gives the stock a Buy rating. Its target is $25.

Also see:

Stock Upgrades: Carnival Catches a Wave

Stock Downgrades: Even 'America's Mayor' Can't Save LifeLock
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
 
Featured Videos

WHAT'S POPULAR IN THE VILLE