Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

New Stock Coverage: Riches Rain Down on Seattle Genetics


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

MINYANVILLE ORIGINAL Yesterday, while we in America weren't even working, Europe solved the mystery of the universe in its spare time. Now if only the continent could crack the really tough issues, like its economy. Shares from London to Paris fell on July 4th, as Irish unemployment hit an 18-year high and a widely-watched German service sector survey fell short of forecasts.

This took the shine off Tuesday's strong holiday-truncated performance in the US, where S&P 500 (^GSPC) issues advanced to an eight-week peak on upbeat factory orders. Oil spiked amid renewed saber rattling from Iran - not the first time tensions with that country have ratcheted up on Independence Day. John Hancock's impeccable signature adorns the Declaration of Independence but the horrific handwriting of doctors is less laudable, and can kill. Hence an 8.43% surge in shares of MModal Inc. (MODL), which provides medical transcription services.

Today in economics, the Institute for Supply Management's June services index is seen slipping slightly at 10:00 a.m. Eastern. In earnings action, International Speedway (ISCA) is the standout of a slow session for quarterly announcements.

Hillshire Brands (HSH): KeyBanc has a Hold on the company, recently spun off by Sara Lee.

Seattle Genetics (SGEN): Shares are initiated with a Buy at ThinkEquity.

(See also: Stock Downgrades: Advanced Micro in Retreat and Stock Upgrades: Green Ink for Blackstone.)
< Previous
  • 1
Next >
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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos