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New Stock Coverage: Ctrip.com Going Nowhere Ahead of Labor Day
(INDEXDJX:.DJI) again brushed off the threat of war, if
not Warhol, whose
plunged 3.09% as its principal product proved a tough sell in
) gained 2.59% to continue its post-earnings bounce. The company
came of age almost a decade ago with an infamous "
" which now seems positively quaint compared to
Miley Cyrus' recent scantily-clad antics
. The Nashville native clearly inspired a similar wardrobe
malfunction in apparel outfit
), also based in Music City. It nose-dived an NYSE-worst 9.07%.
rotten tomatoes currently spoiling on the streets
were flung at
), which imploded 11.55%. And a new
study said poverty saps brain power
. But you don't need to be an
) - down 3.17% - to know that.
Today in economics, this month's Chicago Purchasing Managers' Index is out at 9:45 a.m. Eastern, followed by the University of Michigan's final figure for August consumer confidence at 9:55 a.m. On the earnings front, Big Lots (BIG), HermÃ¨s International (OTCMKTS:HESAY), ReneSola (SOL), Sears Hometown and Outlet Stores (SHOS), and Yingli Green Energy (YGE) are all due to report results.
Arlington Asset Investment Corp (AI): JMP Securities starts the mortgage investment firm at a Market Perform.
Chinese Internet Stocks : JPMorgan assigns Overweights on Phoenix New Media Ltd (FENG), Qihoo 360 Technology Co Ltd (QIHU) ($94 price objective), SouFun Holdings Limited (SFUN), and YY Inc (YY).
Ctrip.com International (CTRP): The Shanghai-based travel and lodging stock is launched with a lukewarm Neutral at JPMorgan.
Hornbeck Offshore Services, Inc. (HOS): The oil and gas outfit gets initiated with an Overweight at JP Morgan.
Liberty Global (LBTYA): Credit Suisse covers the cable company at Outperform.
Monolithic Power Systems, Inc. (MPWR): The specialized semiconductor stock is started with an Outperform at William Blair.
(See also: Stock Upgrades: Splunk Looks Like a Slam Dunk and Stock Downgrades: Staples Still the 'Bain' of Investors Lives )