New Stock Coverage: Take-Two Interactive Software, Inc. Prepares to Party Like a Rock Star


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Money losers made for a winning financial formula on Wall Street yesterday. Tesla Motors ( TSLA ), up 14.34% at a fresh best, was off to the races, never mind its $30.5 million in Q2 red ink. And an upgraded Groupon ( GRPN ) gained 21.56% despite hemorrhaging $7.6 million in the same period. Jobless claims falling to their lowest level since November 2007 helped the Dow (^DJI) snap a three-session skid, although one suspects the ranks of unemployed will swell by at least 16 next week . For those who prefer two wheels to Tesla's four, the motorcycle-riding spokesperson for T-Mobile ( TMUS ) saw her stock surge 4.12%, even as we said a sad goodbye to a key member of history's most famous Harley movie . While the whiff of Musk brought investors the sweet smell of success, fragrance company Coty Inc. ( COTY ) tumbled 2.72% on an iffy analyst initiation . And perfume powerhouse Elizabeth Arden ( RDEN ) stopped making cents , with the maker of Nicki Minaj's Pink Friday enduring a blue Thursday in sliding 16.70%.

This morning in economics, June wholesale inventories are predicted to pick up from the prior month's pace at 10:00 a.m. Eastern. In earnings action, expect Arkansas Best (ABFS), Beacon Roofing Supply (BECN), Harvest Natural Resources (HNR), Sterling Construction (STRL), and Whitewave Foods (WWAV) to report results.

AMN Healthcare Services (AHS): The stock is begun at Outperform by William Blair.

Dillard's (DDS): Buckingham Research resumes the retailer at Neutral.

Fifth Street Senior Floating Rate (FSFR): Oppenheimer has a fresh Outperform on FSFR on account of its plump dividend yield and established track record.

Ixia (XXIA): The Internet software and services stock is begun with a Buy at Jefferies.

Sapient (SAPE): Northland Capital starts the business software and services stock at Market Perform. Its target price is $14.

Take-Two Interactive Software, Inc. (TTWO): Shares are begun with a Buy at The Benchmark Company, which assigns it a $22.85 price objective. The release of Grand Theft Auto V from Rockstar Games on September 17 is a key catalyst, the broker believes.

Thor Industries (THO): SunTrust Robinson Humphrey resumes Buy-rated research on the maker of recreational vehicles.

Vantiv (VNTV): RBC Capital resumes coverage at Outperform.

(See also: Stock Upgrades: Cisco Systems, Inc. Is on the Right Route and Stock Downgrades: Foot Locker, Inc. Kicked to the Curb )

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: COTY , GRPN , RDEN , TMUS , TSLA

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