New Stock Coverage: Facebook, General Electric, and Garmin


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 The NASDAQ OMX Group, Inc.

This article appears in: Investing , Stocks

Referenced Stocks: FB , PBP , TSLA , TWGP , VVUS



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