New Stock Coverage: Is the New York Times a Paper Tiger?
The World Series is over, but Beantown and St. Louis continue
hitting home runs for US stocks. Markets rose again, inspired by an
2.39% rise in
) and favorable comments from Show-Me State Fed head James Bullard,
sending some ale Sam Malone's way after losing his
. It was a tale of two Teutons as
) Klaus Kleinfeld saw his stock, recently booted from the
(INDEXDJX:.DJI), surge some 7.01%. This as
) bid Thorsten Heins adieu by shaving 16.41% off his
exorbitant-enough exit package. Over in Germany itself, a
hoarder's paradise revealed an astonishing treasure
trove of Nazi-looted art
. With clutter apparently in again - a new cartoon in
The New Yorker
suggested organization is overrated
) - up 101.11% on its Friday debut - fell back down to earth with a
2.35% tumble. And stock in banana behemoth
) slumped 1.61%. If you think that was scary, then
along came a spider
In terms of events that may move US markets this morning, today at 10:00 a.m. Eastern, economists call for a fall in The Institute for Supply Management's September services index. Regarding specific stocks, expect quarterly earnings announcements out of AOL Inc. (AOL), BMW Group (OTCMKTS:BAMXY), CVS Caremark (CVS), LiveNation Entertainment (LYV), Michael Kors (KORS), Mosaic (MOS), OpenTable (OPEN), Sturm Ruger (RGR), Tesla Motors (TSLA), T-Mobile (TMUS), Twenty-First Century Fox (FOXA), and Zillow (Z).
Advertising & Media : FBR Capital has Market Performs on Meredith (MDP) and News Corp (NWSA), assigning respective price objectives of $49 and $18.50. It establishes Outperforms on USA Today owner Gannett (GCI), Lamar Advertising (LAMR) ($57 target price), and Valassis (VCI) ($29).
Coca-Cola FEMSA (KOF): Barclays begins the Mexican bottler at an Equal Weight. Its objective is $140.
FactSet (FDS): Financial information provider FDS is a fresh Equal Weight at Barclays, whose target is $115.
Hancock Holding (HBHC): Evercore has an Equal Weight on HBHC.
Lpath (LPTN): The small cap gets launched with a Buy and $13 target MLV & Co, which says its potential wet Macular Degeneration treatment iSONEP has promise.
New York Times (NYT): The New York Times stock is a new Outperform ($13 target) at FBR Capital. The New York Times' successful digital subscription model and revenue stream are somewhat mitigated by paywall issues, in the bank's view.
Regal Entertainment (RGC): Regal Entertainment is initiated with a Market Perform at FBR Capital. Over the past year, stock in Regal Entertainment has returned roughly 23%.
Superior Energy (SPN): Shares are begun with a Buy at Deutsche Bank.
Thomson Reuters (TRI): The stock is an Equal Weight at Barclays, whose target is $40.
TV Shopping Sector : FBR Capital has a Market Perform and $58 target price on Home Shopping Network pioneer HSN, Inc. (HSNI). It is more optimistic on Liberty Ventures (LVNTA), initiated with an Outperform and $140 objective.
Twitter (NYSE: TWTR ): Twitter stock , whose highly anticipated initial public offering is almost upon us, is initiated with a Buy at CRT Capital. Twitter recently increased the top end of its expected IPO range to $25 per share.
(See also: Stock Upgrades: HSBC Holdings Rides The Asian Tiger and Stock Downgrades: Troubled Times for Kellogg's Tony the Tiger )