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New Stock Coverage: Put Your Daylight Savings Into Time-Shifting TiVo


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

Clocks spring forward on Sunday, but stocks have been doing so all week. Forget about jumping ahead an hour -- equities are opting to turn back time 14 years. Even France is getting in on the market's Millennial madness, although perhaps not in quite the right way.

Colgate-Palmolive (CL) hit the highest level in its history after announcing its first stock split since 1999 and, to judge by Gap Inc.'s (GPS) 4.09% jump, that era's khaki clad corporate casual has also returned. This as JDS Uniphase (JDSU) - which gorged on a high fiber optic diet to become a poster child of the tech bubble - jumped 7.63% to top all S&P 500 (^GSPC) issues.

We even have a money-losing Internet outfit back in favor, with Facebook (FB) gaining 4.10%. That heartwarming pig-rescuing-a-goat story turned out to be bogus - watch out porky; Zuck has his eye on you. Still, no harm done on a day Smithfield Foods (SFD), Earth's largest producer of the meat, advanced 10.67%. Talk about bringing home the bacon. And, ending as we started on the topic of Time, auld Lang's is evidently up. Time Warner (TWX) promptly rode an analyst upgrade to finish at a fresh multi-year peak.

Today in economics, analysts expect an uptick in January wholesale inventories at 10:00 a.m. Eastern. On the earnings front, Ann Inc. (ANN), Buckle (BKE), Foot Locker (FL), and Genesco (GCO) are all due to report results.

Kemper Corporation (KMPR): The insurance outfit is picked up with a Market Perform at JMP Securities.

Marks & Spencer (PINK:MAKSY): Credit Suisse rates the iconic English retailer only an Underperform, sending it lower in today's London trading.

Nelnet (NNI): Compass Point covers the credit services company at a Buy and sets a $41 target price. Potential merger activity and additional capital activity are both viewed as share-price catalysts.

Norwegian Cruise Line (NCLH): Citigroup starts the recent Initial Public Offering at a Buy. Its price objective is $38.

TiVo Inc (NASDAQ:TIVO): Ahead of Sunday's start of Daylight Saving Time, the digital video recording pioneer may be turning back the clock to its long-lost glory days. Piper Jaffray certainly thinks so, establishing the shares at Overweight, and shares are currently up about 1% ahead of the open as a result.

UIL Holdings (UIL): Deutsche Bank assigns a Hold on the electric utility.

Whirlpool (WHR): The Maytag owner is begun with a Buy at Bank of America-Merrill Lynch.

Xilinx (XLNX): Argus has a Hold on the semiconductor stock.

ZAIS Financial (ZFC): Deutsche Bank begins Buy rated research on ZFC.

(See also: Stock Upgrades: Pandora Is Out of The Penalty Box and Stock Downgrades: Skullcandy Tears Its Hair Out.)
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