New Stock Coverage: Facebook, General Electric, and Garmin

By Justin Sharon,

Shutterstock photo

Sesame Street - and indeed Avenue Q - had far more fun last week than did Wall Street. A 1,500% increase in bankrupt outfit Tweeter (OTCMKTS:TWTRQ) - not to be confused with Twitter's assigned stock symbol of TWTR, was brought to you by the letter "Q ." Most other investors lost money, however, with the Dow (INDEXDJX:.DJI) dropping 1.22% as an alphabet soup of government agencies began shutting down. The Empire State (NYSEESRT) Building, atop which Sleepless in Seattle was filmed , went public and an unloved Tesla Motors ( TSLA ) had reason to rue Rain City , where a car fire caused its surging stock to cool off considerably. Elsewhere Diet drug darling Vivus ( VVUS ) surged 17.04% but Potbelly ( PBP ), up 119.79% on Friday, had the final word.

Today in economics, August consumer credit is predicted to expand at 3:00 p.m. Eastern. In earnings action, expect Tower Group ( TWGP ) to release results.

B2Gold (NYSEMKT:BTG): Bank of America-Merrill Lynch launches Buy-rated research on the small cap Canadian commodity company.

Facebook ( FB ): I haven't seen this many "likes" since Sally Field's cringe-worthy Oscar acceptance speech in 1985 . Today the recently-surging social networking name finds a place in the heart of analysts at Atlantic Equities, who start the stock with an upbeat Overweight. (Note that shares also incurred a rare ratings reduction this morning and, in a brutal overall tape for futures, it appears that the downgrade is currently carrying more weight.)

Garmin (GRMN): The portable navigation device maker is a new Overweight at Atlantic.

General Electric (GE): Goldman Sachs starts the key Dow component at a Neutral. Its price objective is $26.

ITC Holdings (ITC): Morgan Stanley assigns an Overweight on the electric utility.

Tri-County Financial (TCFC): The stock is initiated with an Outperform by Keefe Bruyette.

(See also: Stock Upgrades: Apple, Hain Celestial, and Signet Jewelers and Stock Downgrades: IBM, Alcoa, and Qualcomm .)

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

This article appears in: Investing Stocks
Referenced Stocks: FB , PBP , TSLA , TWGP , VVUS

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