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: Five Below Not Hot Stock


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

MINYANVILLE ORIGINAL Last week began with the Dow Jones (^DJI) gaining on a Monday for the first time since May. It ended with The Smiths' Morrissey, Earth's most morose Mancunian, bemoaning how every day is like Sunday after Manchester United's (MANU) much-hyped IPO fell flat.

In between, stocks eked out their fifth straight weekly advance and if blue chips' minuscule 121 point trading range over the five sessions didn't make for much excitement, far better that than the record volatility investors were forced to endure exactly a year earlier.

Iron ore touched a two and a half year trough on Friday, having slid 17.4% since June, and the reputation of "Iron Chancellor" Angela Merkel also took a hit, as her government indicated it would accept a bond-buying proposal to alleviate Europe's economic crisis. Corny as Kansas in August proved profitable investment advice after corn futures set all time high of $8.49 per bushel.

No top-tier economic data due today but quarterly earnings announcements are expected out of Groupon (GRPN), InterOil Corp. (IOC), Sysco Corp. (SYY), and Transcept Pharmaceuticals (TSPT).

Avago Technologies (AVGO): Avago is initiated with a Buy at UBS, whose price objective is $43.

Brightcove (BCOV): Brokerage boutique B. Riley starts Sell-rated research on BCOV.

ConocoPhillips (COP): Société Générale starts the oil stock at a Buy.

Cummins (CMI): CMI is initiated with an Equal-Weight at Morgan Stanley.

Five Below (FIVE): Shares are a new Neutral at UBS, whose price objective is $35.

Michael Kors (KORS): KORS is covered with an Overweight at Barclays.

Silicon Motion (SIMO): Shares are initiated with a Buy at Deutsche Bank.

SodaStream International (SODA): SODA is initiated with a Hold at Canaccord Genuity, whose price target is $45.

(See also: Stock Downgrades: Coke Not Quenching Summer Thirst and Stock Upgrades: With a Name Like Smucker's, It Has to Be Good.)
< 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