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New Stock Coverage: No Hollywood Ending for Netflix


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

MINYANVILLE ORIGINAL Someone obviously didn't get the memo that September has historically been the single worst time to invest in the market. Boosted by a third round of bond buying from Ben Bernanke, shares took their monthly gain to 4.2%, with the Dow (^DJI) now at lofty levels last seen almost five years ago.

Facebook (FB) climbed 15.9% after Mark Zuckerberg ventured out in public for the first time since May, a reminder that inventors of social networks are invariably the most socially awkward sorts imaginable. Jarden Corp. (JAH), maker of camping equipment, rose 6.4% to a fresh peak. One only hopes that Occupy Wall Streeters busy reestablishing encampments in time for today's anniversary own the shares.

A new survey showed one in 12 US households doesn't own a bank account. Walter Samasko Jr, who died in May, had only $200 in his but left behind some $7 million in bullion back home at present prices, the precious metal having moved to six-month highs during the week.

Bloomin' Brands (BLMN): The Outback Steakhouse owner, a recent IPO, is assigned an Outperform with Wells Fargo and Raymond James, an Overweight at JPMorgan, and a Buy at both Bank of America-Merrill Lynch and Goldman Sachs.

Invesco Mortgage Capital (IVR): Shares are begun with a Buy at Wunderlich, which also takes its price objective up to $23 from $21.

Netflix (NFLX): The company is initiated with an Underperform and $50 target price at Macquarie, whose concerns include competition and increasing content costs.

OraSure (OSUR): Shares are begun with a Buy at Citigroup, whose target is $13.

ServiceNow (NOW): The stock is a new Neutral at Mizuho, which would wait for a better entry point prior to purchase.

(See also: Stock Downgrades: Open Season on OpenTable and Stock Upgrades: Moody's in High Spirits.)
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No positions in stocks mentioned.
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