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: Put Fresh Money to Work in Fossil

By

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

PrintPRINT
"Sell in May and go away" doesn't work so well when it's Christmas in April. Positive employment data from Challenger, Gray & Christmas, allied with a slew of solid earnings announcements, saw shares rise for an eighth session in ten, with Nasdaq (^IXIC) now at levels last seen in November 2000.

Animal spirits were once again everywhere, with a bull run sending Build-A-Bear (BBW) up an astonishing 33.27%. Previously shunned stocks also regained favor. Botox maker Allergan (AGN), which imploded 13.10% on Wednesday for its steepest slide in 14 years, rebounded 2.68% after an analyst opted to turn the other cheek, so to speak. (If Joan Rivers will forgive the phrase.)

And an iconic investor took to Twitter to announce he is "in the house." Which one wasn't specified but knowing his Midas touch in equities, it was likely Beazer Homes (BZH) - up 10.30% yesterday and thrice upgraded this morning. Or Maxwell House, whose owner Kraft Foods (KRFT) is presently enjoying an impressive 2.00% pre-market bounce.

Today in economics, analysts expect April's Institute for Supply Management non-manufacturing report to fall from the prior month's pace at 10:00 a.m. Eastern.

On the corporate front, the final full week of reporting season finishes with Air France-KLM (PINK: AFLYY), Berkshire Hathaway (BRK.A), CBOE Holdings (CBOE), Duke Energy (DUK), Host Hotels (HST), Leucadia National (LUK), Madison Square Garden (MSG), Moody's (MCO), Newell Rubbermaid (NWL), Orbitz (OWW), Regeneron (REGN), Royal Bank of Scotland (RBS), and YRC Worldwide (YRCW) all due to release results.

Cubist Pharmaceuticals (CBST): The stock, a 3.34% gainer yesterday, is this morning initiated with a Buy at UBS.

Fossil, Inc. (NASDAQ:FOSL): The maker of watches and other accessories is begun with a bullish Buy at Topeka.

Glencore International (PINK:GLCNF): Credit Suisse covers the commodity company at Outperform.

Osage Exploration & Development (OEDV): The small cap oil and gas outfit gets assigned a Buy at Brean Capital.

(See also: Stock Upgrades: Make a Mint (Julep) in Jim Beam Ahead of Kentucky Derby and Stock Downgrades: PetSmart Is in the Doghouse.)
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