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New Stock Coverage: Tuesday Morning a Fine Time to Buy Tuesday Morning


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

When Elaine Garzarelli, who called the crash of '87, tells USA Today, "We continue to be in a bull market," it is either an indication that this rally is for real or a sign of approaching Apocalypse. For now, investors can count their good fortune in lucky sevens after the Dow (INDEXDJX:.DJI), at another record, added on 7.77 after a seven-nation gathering in Geneva on Iran sent oil lower. Priceline (NASDAQ:PCLN), four-figure poster child for this record run in US stock markets, ended at $1,159 in touching a fresh high, which should please its Captain James Kirk. And, for that matter, Captain James Kirk of the US Navy, who is newly in the news. It was also anchors away for Yahoo (NASDAQ:YHOO), which made a major announcement about Katie Couric. Unfortunately, its stock ended lower after none of its employees read the internal email memorandum. Elsewhere, Twitter (NYSE:TWTR) tumbled 4.73% to a post IPO-low on an iffy analyst initiation at Wells Fargo (NYSE:WFC), and Caterpillar (NYSE:CAT) gained a Dow-best 1.83% on an upgrade at Bank of America-Merrill Lynch (NYSE:BAC). Alas, that poor fellow who called the former "doofuses" while saying "I'd love to continue the recruit process" with the latter is now unlikely to find himself gainfully employed at either. And, adding to his anxiety, LinkedIn (NASDAQ:LNKD) lost 1.64% in a terrible tape for social media.

In terms of economic events that may move US markets this morning, at 10:00 a.m. Eastern an uptick is expected in the Conference Board's November consumer confidence index. Regarding specific stocks, American Woodmark (NASDAQ:AMWD), Barnes & Noble (NYSE:BKS), Children's Place (NASDAQ:PLCE), Hewlett-Packard (NYSE:HPQ), Hormel Foods (NYSE:HRL), Tiffany (NYSE:TIF), and TiVo Inc. (NASDAQ:TIVO) are all due to release results.

Altria (NYSE:MO): The cigarette stock is assigned an Outperform opinion and $42 price objective at RBC Capital Markets, which cites its impressive dividend yield and regulatory headwinds that are relatively light compared with competitors.

Brown-Forman (NYSE:BF-B): RBC Capital covers the spirits stock at Outperform. Its target price is $90.

Coca-Cola (NYSE:KO): Coca-Cola is assigned an Outperform at RBC Capital. Coca-Cola, a key Dow component, has seen its stock advance 6.43% over the past year.

Colgate-Palmolive (NYSE:CL): Colgate-Palmolive is a new Outperform at RBC. The broker believes Colgate-Palmolive is an undervalued growth story.

Constellation Brands (NYSE:STZ): The winemaker is a new Outperform ($86 objective) at RBC Capital, which notes sustained growth in its volumes.

Container Store (NYSE:TCS): The recent IPO is only a Hold at Jefferies but JP Morgan (Overweight with a $44 target) is more upbeat.

Energizer (NYSE:ENR): Shares are an Outperform at RBC Capital, whose objective is $136. Earnings quality is expected to improve.

Estée Lauder (NYSE:EL): Cosmetics company Estée Lauder is an Outperform at RBC Capital, whose price target is $90.

Haemonetics (NYSE:HAE): Jefferies has a Buy on HAE. Its target is $48.

International Flavors & Fragrances (NYSE:IFF): IFF is a fresh Buy at Janney.

Surgical Care Affiliates (NASDAQ:SCAI): Bank of America-Merrill Lynch launches Buy-rated research with a $34 price objective.

Tuesday Morning (NASDAQ:TUES): Tuesday Morning is a new Outperform at Credit Suisse. Over the past year, stock in Tuesday Morning has risen an impressive 129.72%.

(See also: Stock Upgrades: Fast Money Says 'Run, Forest (Labs), Run!' and Stock Downgrades: Dark Day for Luxottica, Which Let Chilean Miners See the Light)
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