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New Stock Coverage: Sick of the Rat Race? Make Some Fast Money in Fairway

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

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"Remember, Remember the 5th of November" goes ye olde English expression. Yet truth be told, yesterday was instantly forgettable for US stock markets. Granted, firearms firm Sturm Ruger (NYSE:RGR) did mark the Gunpowder Plot anniversary by rising to a record high. But Guy Fawkes' fireworks were met with a Bonfire of the Vanities - or Vanity Fair, in Dan the man's case - elsewhere on Wall Street. Thus did the Dow (INDEXDJX:.DJI) drop 0.13% in a desultory trading session. Exactly 408 years after the hero of Occupy Wall Street attempted to blow up the Houses of Parliament, The White House once again rolled out the welcome mat to we, the people who own it. Fat lot of good either event did the housing sector, which slid 1.8%, with a 2.18% tumble in D.R. Horton (NYSE:DHI) stock especially noteworthy. Some equities did enjoy a better time of it. Ontario's own BlackBerry (NASDAQ:BBRY) slumped 16.41% on Monday, which had many shareholders dropping the f-bomb. (Fear not, for that is not actually a curse word in Canada.) Yesterday, however, multiple broker boosts sent it up 2.69%. Also benefiting from an analyst upgrade was Milanese media empire Mediaset (OTCMKTS:MDIUY), owned by infamous inmate Silvio Berlusconi. Goldman Sachs (NYSE:GS), showing its sense of humor, raised it to "Conviction Buy." Shares subsequently surged 2.92% to a whisker of a fresh 52-week peak. And speaking of whiskers, Supercuts owner Regis Corporation (NYSE:RGS) advanced 3.87% as it emerged that European finance ministers require their services. Being the incontinent of austerity and all, cost cuts are apparently all the rage.

In terms of events that may move markets this morning, September leading economic indicators are expected to come in essentially unchanged at 10:00 a.m. Eastern. Regarding specific stocks, AngloGold (NYSE:AU), CBS Corp (NYSE:CBS), Duke Energy (NYSE:DUK), Humana (NYSE:HUM), Mondel?z International (NASDAQ:MDLZ), Qualcomm (NASDAQ:QCOM), Ralph Lauren (NYSE:RL), Time Warner (NYSE:TWX), Toyota Motor (NYSE:TM), and Whole Foods Market (NASDAQ:WFM) are all due to announce earnings.

Fairway Group (NASDAQ:FWM): Stay away from its rodent-infested olive bar, and you will do just fine with this gourmet grocer, today begun with a bullish Buy at Jefferies. Fairway Group, so beloved of snooty foodies, actually got its start as a humble fruit-and-veg stand during the depths of the Depression. The stock of Fairway Group is a relatively recent initial public offering, having only started to trade in April.

Magnum Hunter (NYSE:MHR): Imperial Capital assigns an In-Line opinion and $8 price objective on the stock.

Morningstar, Inc (NASDAQ:MORN): Investment research provider Morningstar, Inc is picked up with a Market Perform at Keefe Bruyette. Competitors of Chicago-based Morningstar, Inc - an important player in mutual fund ratings - include Thomson Reuters (NYSE:TRI) division Lipper.

Pattern Energy Group (NASDAQ:PEGI): BMO Capital begins Outperform-rated coverage.

Shaw Communications (NYSE:SJR): Shaw Communications is established with an Equal Weight by Barclays. Over the past year, shares in Shaw Communications have increased 10.15%.

Telus (NYSE:TU): The stock is a new Overweight at Barclays.

(See also: Stock Upgrades: T-Mobile Is on the March and Stock Downgrades: LeapFrog Is a Total Toad)
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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