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New Stock Coverage: No Hollywood Ending for Netflix

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

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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.)
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.

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