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New Stock Coverage: Plundering Pirates Are Disappointed in Disney

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

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These are dark days for the delightfully named Mr. Light, who plausibly suggested that a precipitous decline in the hours of daylight could be one cause for September having historically been the single scariest month in the market. Thus far in 2013, the S&P 500 (INDEXSP:.INX) has risen in every single September session, in a winning streak that now stands at six straight. As the wealth disparity in America reached levels last seen in 1928, Dow Jones (INDEXDJX:.DJI) - which became a 30-member index that year - announced dramatic a reshuffle. Out went Alcoa (NYSE:AA), which helped make the Twin Towers stand tall.

With Noranda Aluminum (NYSE:NOR) dropping 1.45% to an all-time low, it was a decidedly unlucky day for the chemical element with the atomic number 13. Apple Inc. (NASDAQ:AAPL), whose new "unapologetically plastic" iPhone can be pre-ordered on Friday the 13th, didn't help matters, and promptly tumbled 2.28%. Sears (NASDAQ:SHLD), which surged 6.73%, enjoyed a better day. Its name, of course, emblazoned the world's tallest building beginning in 1974. An honor previously held, for one brief shining moment, by the World Trade Center.

Today in economics, analysts expect July wholesale inventories to post an improvement from the prior month's pace at 10:00 a.m. Eastern. On the earnings front, Men's Wearhouse (NYSE:MW) and Vera Bradley (NASDAQ:VRA) are each expected to release results.

Amazon (NASDAQ:AMZN): Shares are a new Neutral with Wedbush.

AMC Networks (NASDAQ:AMCX): Janney Capital covers the Mad Men broadcaster at a Buy.

Bob Evans Farms (NASDAQ:BOBE): BOBE is begun with a Neutral at Janney.

Colgate-Palmolive (NYSE:CL): The stock is picked up with a Neutral by BNP Paribas, whose price objective is $62.

Computer Sciences (NYSE:CSC): Susquehanna starts the stock at a Positive.

Denny's (NASDAQ:DENN): Janney has a fresh Buy on the fast food firm.

JDS Uniphase (NASDAQ:JDSU): Barclays begins the tech stock at Equal Weight.

Madison Square Garden (NASDAQ:MSG): Shares are a Buy at ISI Group.

Media & Entertainment: ISI Group has a new Neutral on Discovery Communications (NASDAQ:DISCA) but begins Buys on CBS Corp (NYSE:CBS), Time Warner (NYSE:TWX), and Viacom (NASDAQ:VIAB). It is even more bullish on 21st Century Fox (NASDAQ:FOXA), starting it with a Strong Buy.

Nationstar Mortgage (NYSE:NSM): Morgan Stanley starts the stock at Overweight.

Tutor Perini (NYSE:TPC): FBR Capital covers the company with an Outperform and $28 target amid good growth in its civil construction segment.

Spectrum Brands (NYSE:SPB): Shares are an Outperform at Oppenheimer, whose price objective is $82. A recent restructuring bodes well, the bank believes.

Walt Disney (NYSE:DIS): The key Dow (INDEXDJX:.DJI) component, fresh frompostponing its next Pirates of the Caribbean film, gets assigned a lukewarm Neutral at ISI Group.

(See also: Stock Upgrades: There's No Stopping Nokia and Stock Downgrades: Fall Is Absolutely No Time to Go Apple Picking.)
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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