New Stock Coverage: Oracle Is as Happy as Larry


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Hanukkah, characterized by Adam Sandler as Eight Crazy Nights , ends this evening. Tomorrow, baring a miracle, eight mad weeks of US stock market gains will similarly come to a close. It was lights-out in equities for a fourth straight session as indices endured their first four-session losing slump since late September. Fed taper fears emerged again amid strong economic data, not least the fastest monthly increase in new-home sales since 1980. That truly was an unfathomably distant era, when dinosaurs like Newsweek still rolled off the printing presses , while Paul Volcker vied for headlines with Farrah Fawcett . We really have come a long way since the early '80s, when Scarface was a box-office sensation. Indeed yesterday's top Nasdaq (INDEXNASDAQ:.IXIC) stock was Oculus Innovative Sciences ( OCLS ), which surged 103.43% on approval for its anti-scar gel. Thoroughly modern Facebook ( FB ), whose founder was born in 1984 - and (Big) Brother, is he ever a big believer in 1984 - gained 4.04% on speculation it is shortly to be added to the S&P 500 Index (INDEXSP:.INX). Although, really, why would it want to be included in such a club? JC Penney ( JCP ) was that benchmark's top stock in November before being unceremoniously booted. And Hewlett-Packard ( HPQ ), up another 2.29% yesterday, has been on a tear since getting ditched from Dow (INDEXDJX:.DJI).

In terms of economic events that may move US markets today, at 10:00 a.m. Eastern consensus calls for a fall in October factory orders. Regarding specific stocks, Conn's ( CONN ), Dollar General (DG), Finisar (FNSR), Jos A Bank (JOSB), Kroger (KR), Pacific Sunwear of California (PSUN), Royal Bank of Canada (RY), Smithfield Foods (NYSE:SFD), Toronto-Dominion Bank (TD), Ulta Salon (ULTA), and Zumiez (ZUMZ) are all due to release quarterly results.

Analog Devices (ADI): Shares are assigned an Outperform at Oppenheimer, whose target price is $58.

Arris Group (ARRS): Brean Capital covers the company at a Buy.

Boston Scientific (BSX): The Benchmark Company has a Hold on Boston Scientific. Its target is $12 on the stock.

Covidien (COV): Shares are initiated with a Buy opinion and $82 price objective at Benchmark Company, which cites its impressive efforts at diversification among other favorable factors.

eBay Inc. (EBAY): If it's Thursday, it must be an eBay initiation. After an upgrade on Monday and a downgrade on Wednesday , the online auctioneer is today assigned a fresh Fair Value at CRT Capital.

MGIC Investment (MTG): Goldman Sachs starts the stock at a Conviction Buy with a target of $10.

Oracle (ORCL): ( Today's title has Oracle's billionaire CEO Larry Ellison in mind, although for all I know Larry Summers is also long the stock.) The tech name is a new Outperform at BMO Capital. Its price objective on Oracle is $42.

Prospect Capital (PSEC): Shares are a Hold with Wunderlich.

Radian Group (RDN): Goldman resumes Buy-rated research, and a $17 target price, on Radian.

Raymond James Financial (RJF): Buckingham Research starts the stock at a Buy.

Spirit Aerosystems (SPR): Shares are showing strength ahead of the open after being begun with a Buy at Citigroup.

Superior Energy (SPN): JPMorgan starts the stock at Overweight.

Technology Stocks : BMO establishes Outperforms on Citrix Systems (CTXS), Commvault Systems (CVLT), and Red Hat (RHT). Its respective price objectives are $65, $105, and $55.

(See also: Stock Upgrades: Tiffany Running Rings Around the Competition and Stock Downgrades: Oil's Not Well at Exxon )

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
More Headlines for: CONN , FB , HPQ , JCP , OCLS

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