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New Stock Coverage: Sometimes, Money Talks in a Bazaarvoice Inc

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

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Wall Street dialed "M" for Macy's (M) and instead got murder. The Dow (^DJI) endured an awful day, whose tone was set when the retailer gave dismal earnings guidance. Shares subsequently slid down its iconic wooden escalator to fall 4.47%, even if the Herald Square horror show was a blessed relief from having to talk about the ongoing soap opera in Pershing Square. Subsea 7 (SUBCY) surged 8.5% for its best day since June 2010 but elsewhere investors were well-advised to avoid The Life Aquatic with Steve Zissou. Shamu sunk without trace as SeaWorld Entertainment (SEAS) nose-dived 3.77% and, bedeviled by the London Whale, JPMorgan (JPM) ended under water again. Jamie Dimon, proud product of Greek grandparents, could at least take some consolation from a 7.89% surge in Steinway (LVB), a street that will always be music to the ears of old-country immigrants in Astoria. Diamond ring retailer Zale Corp (ZLC) jumped 10.96% to a fresh 52-week peak, although the biggest ice aficionado in America at the moment isn't a blushing bride but an unlikely 12-year-old boy. And Microsoft (MSFT) managed to buck a bad day on news of an imminent update to its Windows 8. Although anyone unfortunate enough to use its infernal Outlook never got the message.

Today in economics, analysts forecast a fall in the August Philadelphia Fed Index at 10:00 a.m. Eastern. On the corporate front, expect earnings out of Applied Materials (AMAT), Briggs and Stratton (BGG), Estée Lauder (EL), Kohl's Corporation (KSS), Nordstrom (JWN), PetSmart (PETM), Red Robin Gourmet Burgers (RRGB), and Wal-Mart (WMT).

Agnico Eagle Mines (AEM): Desjardins has a Hold on the commodity company.

ArcelorMittal (MT): Barclays starts the steel stock at Underweight.

Bazaarvoice Inc (BV): The application software outfit is begun with a Buy at B. Riley.

Cole Real Estate Investments (COLE): COLE is covered at Outperform by JMP Securities.

CNOOC Ltd (CEO): Credit Suisse starts the Chinese energy giant at an Outperform.

Dassault Systems (DASTY): Jefferies begins Buy-rated research on the French firm.

Mirati Therapeutics (MRTX): The stock is picked up with an Overweight at Piper Jaffray.

Nutrisystem (NTRI): NTRI is a new In-Line at Imperial Capital.

Quantum Fuel (QTWW): Shares are assigned a Strong Buy at Ascendiant Capital Markets.

Sigma-Aldrich (SIAL): Janney starts the equity at a Buy.

(See also: Stock Upgrades: Carnival Corporation Catches a Wave and Stock Downgrades: Smith & Wesson Holding Corp Can't Keep Up With the Joneses.)
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No positions in stocks mentioned.
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