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New Stock Coverage: Is Owning ADT a Cause for Alarm?

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

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MINYANVILLE ORIGINAL With teenage turtles and a bride princess -- both products of 1987 -- back in vogue, uncomfortable echoes of a quarter-century ago abound everywhere. Especially on Wall Street, which just endured its worst week for four months and is days away from marking the 25th anniversary of Black Monday.

Despite initial jobless claims falling to their lowest level in almost five years, Big Bird -- played since 1969 by the same actor Caroll Spinney -- offers the sort of job security most Americans can still only dream about. Variety magazine was bought for $24 million while poultry processor Pilgrim's (PPC) fell 14.2%, demonstrating once and for all that the egg came before the chicken. Kentucky Fried Chicken owner Yum Brands (YUM) surged 5.2% on strong sales in China, although some Chinese restaurants in America are clearly best avoided.

This morning in economics, analysts expect August business inventories to slip slightly at 10:00 a.m. Eastern. The first full week of third quarter earnings season is upon us, with today's results expected to include Brown & Brown (BRO), Charles Schwab (SCHW), Citigroup (C), Gannett (GCI), Packaging Corp. of America (PKG), and WD-40 Co. (WDFC).

ADT Corporation (NYSE:ADT): The home security company is covered with an Equal-Weight at Morgan Stanley.

Anglo American (AAUKY): Shares in the commodity company are trading lower in London this morning after being started with a Sell at Goldman Sachs.

DealerTrack (TRAK): The equity is initiated with an Overweight at Evercore.

National Bank Holdings (NBHC): Shares are covered at Outperform by Keefe Bruyette.

Omeros (OMER): Shares are an Outperform at Burrill Institutional Research, whose price objective is $17. Catalysts include rich pipeline opportunities and potential launch of Pharmacotherapy products outside the United States.

ServiceNow (NOW): Shares are assigned an Equal Weight at Evercore.

Trinity Industries (TRN): TRN gets begun with a Buy at UBS.

Trulia (TRLA): The online residential real estate outfit is a new Neutral at JPMorgan ($24 target) and a fresh Outperform at RBC Capital ($27 target).

(See also: Stock Downgrades: Hasbro's Toy Story Has Unhappy Ending and Stock Upgrades: Lowe's Aims High.)
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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