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New Stock Coverage: Make Sure You Are on Angie's List

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

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Birthday boy Alan Greenspan, who unleashed the 1990s boom with a flood of easy money (the malign consequences of which would only become clear many moons later), would have enjoyed it. Another day, another historic high for the Dow (^DJI), and the "irrational exuberance" - to use his favorite phrase - was such that even VeriFone Systems (PAY) surged 8.57%. (Scary profit warnings from the firm? Puleeze, that was so two weeks ago.)

Back when the former Fed head uttered his warning, Apple Inc. (AAPL) was on the brink of bankruptcy before being rescued by arch enemy Microsoft (MSFT). Fast forward 16 years and Apple is still utterly unloved while Microsoft remains enmeshed in an old-fashioned browser battle with the European Union. (The more things change…)

The stock market's year of magical thinking, which saw MGIC Investment (MTG) ride bullish research to rise 27.75% on Tuesday, extended to magicJack (CALL) on Wednesday with it ending up 12.45%. Money talked for headset maker Koss Corporation (KOSS). It jumped 3.83%, but New York's nanny state mayor is no friend of ear buds so the mood music may not last.

Today in economics, analysts expect a contraction in January consumer credit at 3:00 p.m. Eastern. On the earnings front, Adidas (PINK:ADDYY), Ciena (CIEN), Finisar (FNSR), H&R Block (HRB),John Wiley & Sons (JW-A), Kroger (KR), Nationstar Mortgage (NSM), Navistar (NAV), Pandora Media (P), Quiksilver (ZQK), Skullcandy (SKUL), Smithfield Foods (SFD), Telecom Italia (TI), and Workday (WDAY) are all due to report results.

Altera (ALTR): Argus has a Hold on the semiconductor stock, which the broker believes will probably report negative sales and earnings per share comparisons this year.

Angie's List (NASDAQ:ANGI): Piper Jaffray picks up ANGI at Overweight, sending it up more than 4% before this morning's opening bell.

ICU Medical (ICUI): The equity is established at Overweight at Piper.

Kirby Corp. (KEX): The marine transportation name is a new Market Perform with Wells Fargo, which sees fair value in the range of $69 to $75.

Nanometrics (NANO): Canaccord covers the scientific instrument company at a Buy and assigns it a $20 target price.

(See also: Stock Upgrades: Fine Time to Buy Time Warner and Stock Downgrades: Dark Day in SolarCity.)
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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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