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New Stock Coverage: Kennedy-Era Mad Men Live On at AMC Networks


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

Led by a 14.14% advance in flavor of the week Green Mountain (NASDAQ:GMCR), and with a helping hand from Heidi - whose name so instantly conjures up the Swiss Alps - US stock markets scaled fresh summits, with Dow Industrials (INDEXDJX:.DJI) finishing above 16,000 feet for the first time. It was indeed easy being green, with China's Yingli Green Energy (NYSE:YGE) jumping 5.36%. Still, clean energy over there appears to have a ways to go, when inhaling Beijing air on a smoggy day is equivalent to smoking 21 cigarettes. Amid such cutthroat competition, little wonder that tobacco titan Philip Morris (NYSE:PM) tumbled another 3.02%, this time due to an analyst downgrade. Cell phones may shortly be allowed in the clouds, showing just how far we have come from the era of John F. Kennedy, for push-button phones only arrived in the last week of his life. Old school Yellow Pages publisher Dex Media (NASDAQ:DXM), up 34.35%, incongruously stood atop the tech-heavy Nasdaq Index (INDEXNASDAQ:.IXIC). It is based in Dallas/Fort Worth Airport, not far from Love Field, an airstrip that carries additional resonance today. Pride of Texas JC Penney (NYSE:JCP), which is somehow able to keep two Gulfstream G450 business jets on that tragic tarmac even as its stock has slid 70% in two years, lost another 2.86%.

There isn't any top-tier economic data due to move US markets today but, regarding specific stocks, Ann Inc. (NYSE:ANN), Destination XL Group (NASDAQ:DXLG), Foot Locker (NYSE:FL), PetSmart (NASDAQ:PETM), Sirona Dental Systems (NASDAQ:SIRO), and Hibbett Sports (NASDAQ:HIBB) all release quarterly results.

AMC Networks (NASDAQ:AMCX): AMC Networks, home to hits like Don Draper's Mad Men, The Walking Dead, and the recently departed Breaking Bad, is begun with a Buy at Goldman Sachs. Since November 2012, stock in AMC Networks has advanced approximately 23%.

Covanta (NYSE:CVA): Imperial Capital covers Covanta with an In-Line. Its price objective is $19. Covanta is in the waste management industry.

Gaming and Leisure Properties (NASDAQ:GLPI): Shares get assigned an Outperform, and $51 target price, at RBC Capital. Catalysts include accretive acquisitions.

LRR Energy (NYSE:LRE): The limited partnership is launched at a Hold with Wunderlich, whose objective is $17.

Midstates Petroleum (NYSE:MPO): Citing a well-diversified oil portfolio, MLV & Co picks up the small cap energy company at a Buy. Its target is $9.

Silicon Graphics (NASDAQ:SGI): Silicon Graphics stock is rated a new Neutral at DA Davidson. Its price objective on Silicon Graphics is $13.

Stonegate Mortgage (NYSE:SGM): Barclays begins coverage at Overweight ($22 target.)

Tribune (OTCMKTS:TRBAA): Shares are an Outperform at Oppenheimer, whose objective is $90.

ZELTIQ Aesthetics (NASDAQ:ZLTQ): Cantor Fitzgerald covers the company at a Buy, assigning it a $20 target price.

(See also: Stock Upgrades: Dollar Tree Looks to End Its Nightmare on Elm Street and Stock Downgrades: Unhappy Anniversary for JFK Adversary US Steel)
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