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New Stock Coverage: Orbit International Remains Earthbound


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

MINYANVILLE ORIGINAL With a little help from baseball's greatest-ever closer Mariano Rivera, who rang the NYSE's opening bell, shares closed near the day's highs and turned positive for all of July. Fed head Ben Bernanke calmed markets by saying "We don't see a double-dip." (Not that, as an iconic episode of Seinfeld reminds us, there's anything wrong with that.) Tiffany (TIF) shares surged 4.50% on an upgrade from Goldman Sachs (GS), which can afford to shop at the high end after reporting revenue of $6.63 billion a day earlier. Today at 10:00 a.m. Eastern we get a trio of economic announcements, namely this month's existing home sales, June leading indicators, and the July Philadelphia Fed Index. It's another frenzied session for Q2 earnings with Akzo Nobel (AKZOY), Morgan Stanley (MS), and Verizon (VZ) all due to release results.

Acme Packet (APKT): The stock is initiated with a Perform at Oppenheimer.

DSW Inc. (DSW): Shares are a Hold at Benchmark, whose target is $60.

Medley Capital (MCC): Ladenburg launches Buy rated research on MCC.

Orbit International (ORBT): Shares are initiated with a Hold at C.K. Cooper.

Sonus Networks (SONS): The small cap is an Outperform at Oppenheimer.

VCA Antech (WOOF): WOOF is initiated with an Outperform at Raymond James.

(See also: Stock Upgrades: News Corp. Making Headlines and Stock Downgrades: Plastic Not Fantastic for American Express.)
No positions in stocks mentioned.
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