New Stock Coverage: Madison Square Garden Coming Up Roses


April showers put the Dow (^DJI) back in bloom, even if its key component Caterpillar ( CAT ), up 5.3%, has had enough floodwater for all time after the Illinois River crested at 29 feet by the banks of its Peoria hometown.

On this, the six-month anniversary of Super Storm Sandy , the Tide was not nearly high enough for Procter & Gamble ( PG ), with the detergent maker falling 5.3% in enduring its worst week since 2009. An utterly unloved tech stock, left for dead and seen as an increasingly fuddy-duddy dividend play, surged 6.8% in its best showing of the year. Microsoft ( MSFT )? No, Apple Inc. (AAPL), which rose by an identical amount.

Northrop Grumman (NOC) jumped 4.6% in a surging defense sector, and investors were in no hurry to say farewell to arms - unless of the adjustable rate variety - across the Atlantic either, after England's own ARM Holdings (ARMH) advanced 12%.

Today in economics, March pending home sales are forecast to show a pickup from February's pace at 10:00 a.m. Eastern. On the corporate front, it's another frenzied week for first quarter earnings with announcements expected out of AVEO Pharmaceuticals (AVEO), Buffalo Wild Wings (BWLD), Deutsche Börse ( DBOEY ), Express Scripts (ESRX), Herbalife (HLF), J&J Snack Foods (JJSF), Loews Corporation (L), Masco (MAS), Newmont Mining (NEM), and Riverbed Technology (RVBD).

Ann Inc. (ANN): BlueFin begins Outperform rated research on the clothing company, formerly known as AnnTaylor.

Dick's Sporting Goods (DKS): The athletic apparel retailer is resumed with an Overweight by Barclays, whose analysts wrote in a note that it has "distinguished itself as a consolidator."

Independent Bank Group (IBTX): Evercore assigns an Overweight on IBTX.

Madison Square Garden ( MSG ): Credit Suisse covers the New York Knicks basketball owner at Outperform. Shares have surged 57.00% over the past year.

MetroPCS (PCS): Morgan Stanley starts the stock at Equal-Weight.

Nielsen (NLSN): The provider of TV ratings is itself rated an uninspiring Underperform at Northland Capital, which notes an approaching plateau in both revenue and margin growth. Its price objective is $28.

Southern Copper (SCCO): The commodity company is started with an Outperform at Credit Suisse.

Southwestern Energy (SWN): Shares are covered with a Buy at Brean Capital.

(See also: Stock Upgrades: Disney Turning 'Iron Man' Into Box Office Gold and Stock Downgrades: Leap Wireless About to Take Big Step Back .)

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: CAT , DBOEY , MSFT , MSG , PG



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