New Stock Coverage: Rock-Tenn, Paper Stock, Beats Scissors


A day that began with Wall Street observing a moment of silence ended with money talking most eloquently, as Dow Industrials (INDEXDJX:.DJI) again showed the enduring resilience of American enterprise. Blue chips posted a third straight session of triple-digit gains although Apple Inc. ( AAPL ) fell far from the money tree, dropping an S&P 500 (INDEXSP:.INX)-worst 5.44% on a trio of ratings reductions . (A penny for the thoughts of Eliot Spitzer on such synchronized bearishness, on the very day he licked his electoral wounds. After all, in the ultimate irony, New York's ex-Attorney General made his name going after excessively optimistic analysts during the dot-com days.)

Hardware distributor Synnex ( SNX ) surged 20.05%, but Restoration Hardware ( RH ) imploded 11.86%. It was founded in 1979, the year International Business Machines ( IBM ) -- up 2.20% yesterday to best all blue chips -- was most recently added to the Dow. Maybe what happened 34 years ago really does resonate to this day . Elsewhere, International Paper ( IP ) announced the closing of its biggest paper mill, and telecom titan Nokia (NOK), which began life as a pulp firm in the snowy forests of Finland in 1865, advanced another 5.12% on multiple broker boosts .

In today's earnings action, Brady Corp (BRC), Kroger (KR), Lululemon Athletica (LULU), NetSol Technologies (NTWK), and Ulta Salon (ULTA) are all due to report results.

Aqua America (WTR): Calling the company an attractive way to play on America's secular water infrastructure repair and replacement cycle, Ladenburg Thalmann launches Buy-rated coverage. Its target price is $28.

ASML Holding (ASML): Shares get reinstated with a Conviction Buy rating at Goldman Sachs.

Online Travel : Janney assigns new Neutrals on Expedia (EXPE) and (PCLN).

Nektar Therapeutics (NKTR): Cowen covers the company at Outperform. Its price objective is $17.

Neostem (NBS): The biotech is begun with a Buy at MLV & Co, whose objective is $16. Its principal product candidate, AMR-001, can conceivably address a $2 billion market opening for acute myocardial infarction.

Rock-Tenn Company (RKT): The paper and packaging powerhouse, whose shares have surged some 77.54% in the past year, is resumed with an upbeat Outperform at Wells Fargo. (TREE): Needham has a new Buy on the mortgage investment name.

WesBanco, Inc. (WSBC): Shares get picked up with a Neutral at Guggenheim, whose target is $33.50.

(See also: Stock Upgrades: Zynga Can Draw Comfort From Wall Street and Stock Downgrades: Is Netflix Revenue Stream Up a Creek? )

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: AAPL , IBM , IP , RH , SNX



More from Minyanville:

Related Videos



Most Active by Volume

  • $15.94 ▲ 0.57%
  • $110.37 ▼ 1.75%
  • $11.94 ▲ 10.66%
  • $24.53 ▲ 0.37%
  • $103.39 ▼ 0.49%
  • $10.13 ▲ 2.32%
  • $29.08 ▲ 1.68%
  • $7.30 ▲ 3.84%
As of 9/3/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by