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: Lululemon Stock Is Sheer Bliss

By

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

PrintPRINT
Shares surged on a day it was effortlessly easy to earn money. (Unless your name is Goldman Sachs (GS), which somehow contrived to slide 1.61% even as stocks enjoyed their single best session in seven weeks. Perhaps the "great vampire squid" of capitalism needs a refresher course in counting cash. If so, those champagne socialists in France will happily provide it.)

Consumer inflation fell in March for the first time in four months and, coincidentally or not, Apple (AAPL) advanced 1.52% to rise for the first time in four days. Perhaps the Fed's let-them-eat-iPads policy is proving correct after all. Such was the ebullience in equities that iron ore producer Chicago Bridge & Iron (CBI) actually ended up, even after incurring a ratings reduction. The Iron Lady would no doubt approve, even if Chicago pol President Obama was correct in telling America "we didn't build that," for the company is actually headquartered in Holland.

Today in economics, the Fed releases its beige book detailing regional economic conditions in a dozen districts at 2:00 p.m. Eastern. On the earnings front, Hump Day of a peak reporting week sees announcements out of Abbott Labs (ABT), American Express (AXP), Bank of America (BAC), eBay Inc. (EBAY), and Mattel (MAT).

Aéropostale (ARO): Maxim has a Hold on the clothing company.

AMC Networks (AMCX): The broadcaster behind such shows as The Killing and Mad Men is begun with an Outperform at Sanford Bernstein. Shares, up 52.02% in the past year, hit an historic high last week.

Ascent Media (PINK:ASCMA): Shares are assigned an Overweight at Piper Jaffray.

Casey's General Stores (CASY): Goldman Sachs starts coverage at a Neutral.

Children's Place (PLCE): The retailer gets resumed with a Buy at Maxim.

DIRECTV (DTV): The equity is begun with a Buy at Stifel, whose price objective is $65.

DISH Network (DISH): Stifel has a Hold on the stock amid issues over the future of the pay television industry in America.

Group 1 Automotive (GPI): GPI is begun with a new Neutral at Credit Suisse.

Lululemon Athletica (NASDAQ:LULU): The yoga-apparel outfit, fresh from its sheer pants problem, is picked up with an Overweight by Barclays. As a result, shares are currently inching up even as stock futures indicate a lower overall open for equities.

Qihoo 360 Technology (QIHU): Shares are picked up with an Overweight at Barclays.

Scripps Networks Interactive (SNI): Bernstein begins SNI at a Market Perform.

SunCoke Energy Partners (SXCP): The company is covered with a Buy at BB&T Capital.

Wesco Aircraft (WAIR): UBS starts a Sell on the stock.

Workday (WDAY): The company is covered at Outperform with Wedbush.

WPP Group plc (PINK:WPPGY): Evercore establishes an Overweight on the British advertising giant.

(See also: Stock Upgrades: Merrill Says Marissa Mayer's Yahoo Honeymoon Isn't Over and Stock Downgrades: Deere Not Making Dough.)
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