New Stock Coverage: Bottom Line, Lululemon Is No Longer Flying by the Seat of Its Pants

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"Buy when it snows, sell when it goes," says the old Wall Street saw. Yet New York's first snowfall of the season saw investors sell stocks. ( ICE obviously wasn't nice .) US markets slipped, with Mr. Jones (INDEXDJX:.DJI) unable to keep up with Mr. Smith, whose FedEx ( FDX ) gained 1.59% after Dan the man took a fancy . Mr. Loeb, clearly in a charitable mood, is now even making nice with Clooney , his erstwhile enemy. Similarly strange bedfellows were seen when the New York Times ( NYT ), which took four decades to admit it erred in saying rockets don't work , invited Mr. SpaceX Rocket man himself to its DealBook conference. Needs Musk , as they say; Tesla ( TSLA ) promptly tanked 4.77%. Match.com owner InterActiveCorp ( IACI ), up 1.83%, hit a lifetime high, and on the year's top day for tying the knot . (Just make sure it ain't a shotgun wedding, especially if you are an octogenarian trying to kill your spouse .) Blockbuster owner Dish Network ( DISH ) jumped 6.00% to levels last seen in May 2000. Is this the end? It sure is for Tremor Video (TRMR), which tumbled 8.62% to a historic trough.

In terms of economic events that may move US markets today, at 2:00 p.m. Eastern the Treasury's October budget deficit is seen shrinking from September's figure. Regarding specific stocks, earnings announcements are expected out of Ahold (OTCMKTS:AHONY), Canadian Solar (CSIQ), Cisco Systems (CSCO), E.ON (OTCMKTS:EONGY), ExOne (XONE), GDF Suez (OTCMKTS:GDFZY), Kinross Gold (KGC), Macy's (M), NetApp (NTAP), NetEase (NTES), and SeaWorld (SEAS).

Casino Companies : FBR Capital assigns Outperforms on Las Vegas Sands (LVS) ($80 price objective) and MGM Resorts (MGM) ($25.) Its Market Performs include Wynn Resorts (WYNN), whose target price is $175. Steve Wynn's Wynn Resorts sees potential in the booming Macau gambling market. In the past year, shares of Wynn Resorts are up 55.82%.

Flamel (FLML): Shares are a fresh Buy at Janney, whose objective is $11.

J.M. Smucker (SJM): Jam and jelly giant J.M. Smucker is a new Neutral at Neutral at Credit Suisse. The price objective on J.M. Smucker is $115.

Lululemon Athletica (LULU): Lululemon Athletica, which - you may recall - had a sheer pants problem , is begun with a bullish Overweight at JP Morgan. Canadian company Lululemon Athletica makes yoga apparel. JP Morgan says Lululemon Athletica should see both top and - oh dear - bottom line growth improve. As a result, the stock is up before the bell.

Managed Care : FBR initiates Outperforms on Aetna (AET), Humana (HUM), and new Dow member UnitedHealth (UNH).

Splunk (SPLK): Jefferies has a Hold on SPLK.

(See also: Stock Upgrades: US Steel Is a Steal and Stock Downgrades: How Now Brown Cash Cow? Dean Foods Cries Over Spilled Milk )




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: DISH , FDX , IACI , NYT , TSLA

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