New Stock Coverage: Exciting New Chapter for Facebook
Talk about making a
(INDEXDJX:.DJI) rose to records after the Fed defied all allegedly
informed analysis and opted to continue its bond buying binge. On a
decidedly bad day for soothsayers,
) became the first ever
S&P 500 Index
(INDEXSP:.INX) issue to hit $1,000, which its purportedly
, a small medium at large, also clearly never saw coming. And
), which tumbled 2.86% after-hours on an earnings miss, should
surely similarly get out of the for-prophet forecasting game. In
days of yore it was, of course, one of the fabled "Four Horsemen of
the Internet," and our other equine friends did enjoy a fine day at
) rose to the highest level in its history, an honor matched by
), now up an astonishing 1,300% since the financial crisis. Its
headquarters are in the Headless Horseman headquarters of Tarrytown
and, for what it was worth (quite a lot, actually),
) jumped 4.48% in tandem. British bank
NYSE:LYG), of the
, gained 4.60%. And not to be left out, English grocery giant
(OTCMKTS:TSCDY) - whose
burgers taste suspiciously like horse
- is begun with a bullish "buy" rating this morning.
Today in economics, we get a trio of reports at 10:00 a.m. Eastern, in the form of August leading indicators and existing-home sales, and the Philadelphia Fed Survey for September. On the corporate earnings front, ConAgra (CAG), Pier 1 Imports (PIR), Rite Aid (RAD), and Scholastic (SCHL) are all due to report results.
AmerisourceBergen (ABC): Sterne Agee starts the stock at a Buy.
Destination XL Group (DXLG) Shares are launched with a Buy at Lake Street.
Facebook Inc (FB): More good news for the recently-surging stock, today begun with a Buy recommendation and $52 price objective at CRT Capital. The broker says mobile ad revenue is now at a run rate of over $3.6 billion.
InterContinental Hotels (IHG): Societe Generale has a Buy on IHG.
Internet Stocks: Credit Suisse covers Dow member Cisco Systems (CSCO) at an Underperform. It has a fresh Fair Value on Yahoo (YHOO). Buys, meanwhile, are begun on Amazon (AMZN), Google (GOOG) ($1,090 target price), and LinkedIn (LNKD) ($302 price objective.)
Oracle ( ORCL ): William Blair begins coverage on the stock, currently under pressure, at Market Perform.
Sands China (OTCMKTS:SCHYY): HSBC Securities starts the stock at Overweight.
Tesco (OTCMKTS:TSCDY): As mentioned, the British grocery firm is a fresh Buy at Nomura.
(See also: Stock Upgrades: Tony Hayward, of BP Infamy, Gets His Life Back at Glencore Xstrata and Stock Downgrades: Dr Pepper Not Worth Its Salt .)