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New Stock Coverage: Sea of Green at Blue Nile (NASDAQ:NILE)


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

MINYANVILLE ORIGINAL September 20, 2012 was a cakewalk compared with the calamity Wall Street witnessed exactly 139 years earlier, but Nasdaq (^IXIC) still dropped a devilish 6.66 and the S&P 500 Index (^GSPC) also ended in the red.

A day after Windows and Office made Bill Gates ever richer, Apogee Enterprises (APOG) - maker of windows for offices - advanced 10.67% to a fresh 52-week peak. Con-Agra (CAG), which owns Orville Redenbacher, rose 6.20% to its highest point in seven years. If you think that's a bubble, just say "pop."

No top-tier economic data due today, but both Darden Restaurants (DRI) and KB Home (KBH) are expected to announce quarterly results.

Automatic Data Processing (ADP): Shares are initiated with an Outperform at BMO Capital, whose price objective is $67.

Blue Nile (NASDAQ:NILE): The stock is begun with a Buy at Deutsche Bank, whose target price is $53.

Burger King (BKW): The stock is a new Neutral at UBS.

Fast Food: Chipotle Mexican Grill (CMG) and Panera Bread (PNRA) are each Market Performs at Wells Fargo, which has an Outperform in Dunkin' Brands (DNKN).

Finisar (FNSR): Shares are initiated with a Buy at Janney Montgomery Scott.

Golar LNG (GLNG): The stock is initiated with a Buy at Jefferies.

International Business Machines (IBM): The Dow (^DJI) member is a new Hold at Jefferies.

Internet-Related Stocks: Deutsche Bank begins Buys on AOL Inc (AOL) and InterActiveCorp. (IACI). It has Holds on Angie's List (ANGI), Facebook (FB), andTripAdvisor (TRIP).

Internet-Related Stocks: Cantor Fitzgerald has fresh Buys on (AMZN),, CafePress (PRSS), Google (GOOG), Netflix (NFLX), and (PCLN). It has Holds on Dice Holdings (DHX), eBay Inc. (EBAY), LinkedIn (LNKD), Orbitz Worldwide (OWW), Shutterfly (SFLY), Yahoo (YHOO), and Yelp Inc. (YELP).

Nordstrom (JWN): William Blair launches Outperform rated research on the luxury retailer.

Radware (RDWR): Shares are resumed with a Buy at Needham amid a low valuation and solid upside potential.

Ratings Agencies-Related Stocks: Standard & Poor's owner McGraw-Hill (MHP) and Moody's (MCO) are each Outperforms at Raymond James.

TD Ameritrade (AMTD): AMTD is initiated with a Buy at Sterne Agee.

Zimmer Holdings (ZMH): Shares are a new Buy at Brean Murray.

(See also: Stock Downgrades: Bad Day for Goodyear (NYSE:GT) and Stock Upgrades: Potential Rewards of Investing in MasterCard (NYSE:MA)? Priceless.)
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No positions in stocks mentioned.
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