New Stock Coverage: Ameriprise Turns Tommy Lee Jones Into Fat Cat
Poem in Your Pocket Day
; pity the stock market chose to honor the occasion by emptying
investors wallets. Shares dropped for a second straight day
although in another foul session for equities
) jumped 8.93%.
News reports cited a loyal fan who said of the New York grocer that " he might consider buying shares, 'if they throw in some olives. '" Dude, you sure about that ? Moving swiftly along from rats to other rodents, Mouse House and Dow (^DJI) member Walt Disney ( DIS ) dropped 1.14% after announcing it will release a new Star Wars movie every year . (Trust me, the world doesn't need any more Jar Jar Binks.)
Elsewhere EntreMed ( ENMD ), which surged in the late '90s amid claims - sadly premature as it turned out - that it had cured cancer in mice , slid 7.58% as the "Emperor of all Maladies" continues to prove devilishly difficult to eliminate in people.
No top-tier economic data due today, but a frenzied first full week of quarterly earnings announcements concludes with Baker Hughes ( BHI ), General Electric (GE), Honeywell (HON), Kimberly-Clark (KMB), McDonald's (MCD), Schlumberger (SLB), State Street (STT), Under Armour (UA), and Indian outsourcer Wipro (WIT) all expected to release results.
Adobe Systems (ADBE): Shares are initiated with a Buy at B. Riley & Co.
Ameriprise Financial ( AMP ): Turn that frown upside down, Tommy. The company, whose seriously surly spokesman was compared to a grumpy cat at the Golden Globes, is today launched with a bullish Buy at Citigroup. The onetime spin-off from American Express (AXP) has gained 29.95% over the past year, reaching a fresh 52-week peak on April 11.
Apple Inc. (AAPL): The troubled tech titan is begun with a Buy at Standpoint Research, whose price objective is $480.
Cabot Oil & Gas (COG): Shares are initiated with an Outperform at Wells Fargo.
Churchill Downs (CHDN): Wells has a new Outperform on the name.
Cogent Communications (CCOI): Drexel Hamilton has a Hold on the company.
Nielsen (NLSN): NLSN is a new Outperform at BMO Capital.
Six Flags (SIX): Credit Suisse starts the amusement park operator, trading atop historic highs of late, at an Outperform.
Solazyme (SZYM): Shares are resumed with an Overweight at Morgan Stanley.
Stealthgas (GASS) GASS gets assigned a Buy at Jefferies.
SunCoke Energy Partners (SXCP): The stock is a fresh Outperform with Wells.
WellCare Group (WCG): Jefferies has a Hold on the company.
(See also: Stock Upgrades: E*TRADE Babies Set for Mother of All Rallies? and Stock Downgrades: Coach Handbag Contains No Cash .)