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New Stock Coverage: Can Dick's Sporting Goods Score Big?
Today is the
anniversary of Wall Street's most famous
, about its most dire day. That was then, this is now - how things
is, after all, the spice of life.) On this October 29, in stark
contrast to 1929′s date of infamy,
(INDEXSP:.INX) shares each reached historic peaks. Eighty-four
years ago people jumped out of windows; yesterday
) was inspired by
the man who fell to earth
, with the advertising giant advancing 0.75% on
upbeat analyst comments
(INDEXNASDAQ:.IXIC) hasn't fared quite as well as the other two
indices, with five straight increases "only" taking it to a 13-year
best. That still wasn't too shabby, considering how it was frozen
in time for much of Tuesday. Having exhausted its previous excuses
" got the blame this time. And it paid to be spic 'n span, with
), up 1.40%,
), a 2.60% gainer, and Tide maker
Procter & Gamble
), which rose 1.43%, all hitting lifetime highs.
Guys, you do really want to start cleaning up
This afternoon, the Federal Open Market Committee concludes its two-day policy meeting. Hump Day of another busy quarterly earnings week is here, with Allstate ( ALL ), Barclays (BCS), Comcast (CMCSA), Expedia (EXPE), Facebook (FB), General Motors (GM), Kraft Foods (KRFT), Metlife (MET), Sprint (S), Starbucks (SBUX), and Visa (V) all due to release results.
Aegerion Pharmaceuticals (AEGR): FBR Capital begins the biotech with an Outperform opinion and $105 price objective amid optimism over its Juxtapid launch.
Dick's Sporting Goods (DKS): The stock, up 1.31% yesterday, is initiated with a Hold at Jefferies.
Drug Stocks : Alkermes (ALKS) ($31 target price), Biogen Idec (BIIB) ($259), and Forest Labs (FRX) ($48) are all assigned Market Performs at FBR Capital.
Ecolab (ECL): UBS launches Buy-rated research on ECL.
Michael Kors (KORS): The fashion firm, about to be added to the S&P 500 Index, is a fresh Buy at Maxim.
Skechers USA (SKX): Brean Capital starts the sneaker stock at a Buy.
(See also: Stock Downgrades: US Steel Is No Superman and Stock Upgrades: Electronic Arts Is Out of the Woods )