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New Stock Coverage: Analyst Utters Four-Letter Word on Twitter!
Posted: 11/18/2013 9:18:00 AM
Referenced Stocks: AMZN;JEC;M;MS;ZU
No pregnant pause for this mother of all bull markets, with both
(INDEXSP:.INX) now on their best winning streak for nine months.
This as China announced an easing of its "one-child" policy and
), an e-commerce company catering to moms and kids, jumped 88.50%
in its initial public offering to top the
(INDEXNASDAQ:.IXIC) on Friday. US stocks are now up for six
straight weeks but oil is down for an identical period, petroleum's
punkest performance since December 1998. That was famously the
month of free lunches for tech investors, with
Henry Blodget - whose midday meal now costs
) would go to $400, and in the very week that
anointed rival Mary Meeker of
) -- which
just turned more bearish on web stocks
- the "Queen of the Net." Changed days, indeed. Well, yes and no.
Money-losing online outfits are still defying logic and gravity -
) jumped 5.6% on its first full week of trading - but now, at
least, some researchers have the courage to say "Sell." If stocks
are shortly to blow up in our faces, at least
) - whose Turkey Day parade makes it the second largest consumer of
helium after the US government, which doesn't need any more hot air
- rose 10.63% to a record.
There isn't any top-tier economic data to move US markets today
but, as far as specific stocks are concerned,
(TSN) are all due to announce quarterly earnings.
(CYBX): Citigroup covers the company at a Buy.
Gaming and Leisure Properties
(GLPI): Shares are a new Neutral at Credit Suisse.
(HES): Oil outfit Hess Corp is assigned an Overweight at Atlantic
Equities. Its price objective on Hess Corp. is $95.
(OVRL): Needham has a new Hold on Overland Storage. Cost synergies
at Overland Storage are somewhat balanced out by issues over sales
(SGM): Shares are an Outperform at FBR Capital, whose target price
is $21. The company can benefit from an ongoing movement to
non-bank originators, in the broker's estimation.
(TWTR): "Sell," the four-letter word that normally does not speak
its name among ever-optimistic equity analysts, is the
recommendation regarding Twitter with Wunderlich. Valuation
concerns loom large, with the brokerage noting that Twitter
currently trades at a premium to peers. Its objective on Twitter is
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