New Stock Coverage: Mice at Whole Foods? Fat Cats Don't Care


Default, dear Brutus, is not in our stars, but in ourselves.
-- Julius Caesar , Act 1, Scene 2

I quote from memory . It may in fact have been " Dassault (OTCMKTS:DASTY), dear Brutus," for that stock followed up Monday's 10.53% mauling with a downgrade-related 4.31% tumble on Tuesday. And, with Caesars Entertainment (CZR) having itself imploded 11.08%, perhaps I stand accused of further twisting the knife into a fine fellow long since stabbed in the back 23 times. But the blame game for our Washington woes does indeed begin by looking in the mirror; we elected these ignoramuses. Thus it was that the Dow (INDEXDJX:.DJI) dropped by triple digits as politicians continued to dither. House Speaker John Boehner helpfully called the Senate proposal a "hand grenade" but even those warlike words failed to aid the underperforming defense sector, paced by a 13.81% plunge in FLIR Systems ( FLIR ).

Elsewhere JC Penney ( JCP ) lost another 8.89% amid bankruptcy rumors. All else having failed, it will now put its faith in Mickey Mouse . (Hey, as we shall soon see with Whole Foods ( WFM ), long tails are not necessarily a reason to go short.) And Apple ( AAPL ) obviously has it in for fellow fruits. Not content with bludgeoning BlackBerry ( BBRY ), it now raids Burberry (OTCMKTS:BURBY).

Today in economics, the Fed will release its "beige book", detailing economic conditions in a dozen districts, at 2:00 p.m. Eastern. Hump Day of the first full week for third quarter earnings announcements is upon us, with American Express (AXP), Bank of America (BAC), eBay Inc (EBAY), International Business Machines (IBM), and PepsiCo (PEP) among a multitude of big names due to report results.

American Tower (AMT): Goldman Sachs starts the stock at a Buy.

Cliffs Natural Resources (CLF): The iron ore outfit, up 4.09% yesterday, is rated Market Perform with Wells Fargo.

Geron (GERN): GERN gets assigned a Buy rating at MLV & Co, whose target price is $6.50. Pending Phase II trial results for imetelstat regarding myelofibrosis offer promise, the broker believes. Shares are, accordingly, showing strength ahead of the open.

Grand Canyon Education (LOPE): Shares are begun with a Buy at Citigroup.

Grocers : Fairway Group (FWM), The Fresh Market (TFM), and Safeway (SWY), are all Outperforms at BMO Capital Markets.

Home Improvement Retailers : SunTrust Robinson Humphrey starts Buys on both Home Depot (HD), a Dow (INDEXDJX:.DJI) component, and its smaller rival Lowe's (LOW).

LATAM Airlines (LFL): Shares are launched with an Outperform opinion and $20 price objective at Imperial Capital, which calls the company a turnaround play.

Luxottica (LUX): The stock is an Underperform at BNP Paribas.

Northwest Biotherapeutics (NWBO): NWBO is a new Outperform at Oppenheimer, whose target price is $5.

Smith & Wesson (SWHC): Lake Street has a fresh Hold on the firearms firm.

Steel Stocks : AK Steel (AKS) is an Underperform at Credit Suisse, which has a new Neutral on US Steel (X). Nucor (NUE) and Steel Dynamics (STLD) are each assigned Outperform.

Whole Foods Market ( WFM ): More good news for the upscale foodie favorite, which yesterday hit the highest level in its history even as a stomach-turning story about an in-house mouse dropped in its lap . Today it scores an upbeat Outperform initiation at BMO Capital.

(See also: Stock Upgrades: Alaska Air Comes in From the Cold and Stock Downgrades: Now's Not the Time to Be Overweight Vivus .)

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

This article appears in: Investing , Stocks

Referenced Stocks: AAPL , BBRY , FLIR , JCP , WFM



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