New Stock Coverage: Five Years After 'Miracle,' US Airways Tries to Fly High
Strictly speaking, we can't claim that our government has done
nothing this week. After all, the Feds - finally turning their
hands to a matter they know something about - did reimburse that
after forensically examining the $500 that passed
through his pooch's feces
. But on the big stuff, Washington continues to be found lacking.
Thus it was that the DC shutdown sent
(INDEXDJX:.DJI) down for a second straight session. Admittedly,
amid the mayhem some equities did turn water into wine. Not least
), up 3.96%, and world's largest winemaker
), which gained 3.24%. But against a backdrop of (Jack) Welch's
(sour) grape juice - the businessman has now dissed both
in equal measure - investors elsewhere found plenty to whine about.
Trading was murder on Orient-Express ( OEH ), which imploded 4.77% on the eve of this, an iconic date in its history . And Eli Lilly ( LLY ) lost 3.44% on emerging market issues. It really needs the FDA to speed up drug approvals, but they are too busy spending a king's ransom to better "understand" social media . With Facebook ( FB ) tumbling 2.18% on a rating reduction , now's really not the time.
September's employment report, originally due for release at 8:30 a.m. Eastern, has been postponed due to the government shutdown. In earnings action, Taiwanese smartphone provider HTC Corporation (OTCMKTS:HTCKF) announced its first ever quarterly loss earlier today. Here at home, sandwich shop Potbelly (PBPB) is expected to start trading this morning after pricing its initial public offering at $14 per share.
Campus Crest Communities (CCG): The company is covered with a Buy rating and $13.50 price objective with Wunderlich.
Carnival Corporation (CCL): SunTrust rolls out Reduce-rated coverage on the troubled cruise company.
Cole Real Estate Investments (COLE): Shares are an Outperform at FBR Capital, whose target price is $14 amid impressive earnings growth.
Diageo (DEO): The Guinness maker gets assigned an upbeat Add at Numis.
Healthcare Trust of America (HTA): Wunderlich has a Buy and $12.50 target on a company it says stands to benefit from the Patient Protection and Affordable Care Act.
JDS Uniphase (JDSU): Shares are set Equal Weight at Evercore, whose objective is $17.
MiMedx Group (MDXG): The medical equipment and appliance outfit is initiated with a Buy rating and $6 target at Canaccord Genuity.
Omnicare (OCR): KeyBanc Capital covers the company at a Buy.
21st Century Fox (FOXA): The media and entertainment titan is a new Overweight at JPMorgan.
US Airways Group Inc (LCC): The aviation outfit indelibly associated with Captain Chesley "Sully" Sullenberger's Hudson heroics almost five years ago is assigned an upbeat Outperform at Imperial Capital. Shares surged 3.23% yesterday even amid a remorseless tide of red ink elsewhere. (Note that the stock also received a ratings reduction this morning.)
Vale S.A. (VALE): Barclays begins the Brazilian commodity company at an Underweight. Its price objective is $13.
(See also: Stock Upgrades: Exxon Mobil, OpenTable, and Moneygram International and Stock Downgrades: Wynn Resorts, Tesoro, and Cepheid .)