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New Stock Coverage: Lady Luck Likes Look of Manpower

By: Minyanville
Posted: 10/11/2013 9:30:00 AM
Referenced Stocks: BA;HE;MSFT;OZRK;SNE

Just when it looked like The New Yorker , whose money issue is now on the newsstands, would join all those cover curses of yore, the Dow (INDEXDJX:.DJI) enjoyed its single best point gain since December 2011. This after belated signs of progress in Washington to resolve our governmental gridlock. Aloha State native President Obama will have enjoyed a 2.17% jump in Hawaiian Electric ( HE ), today assigned an upbeat Outperform initiation. Although our Xbox-dissing Commander in Chief could have done without a 2.09% surge in Microsoft ( MSFT ). Its stock fared far better than PlayStation owner Sony ( SNE ), which lost 0.91% after receiving a ratings reduction . (The fact that its head has just admitted to owning two Nintendo (OTCMKTS:NTDOY) consoles doesn't exactly inspire confidence.) By contrast, a broker boost saw Boeing ( BA ) bounce 3.87% but, to some of us, such unbridled optimism already looks like a busted flush .

Today in economics, the University of Michigan's first take on October consumer confidence is seen slipping from September's pace at 9:55 a.m. Eastern. In earnings action, Bank of the Ozarks ( OZRK ), JPMorgan (JPM), Infosys (INFY), and Wells Fargo (WFC) have all already released results this morning.

Apollo Global Management (APOL): Evercore assigns an Overweight on the money manager.

Becton Dickinson (BDX): Shares are resumed with a Buy at SunTrust Robinson Humphrey.

Blackstone (BX): The limited partnership is picked up with an Equal Weight at Evercore.

Carlyle Group (CG): Evercore establishes Overweight research, and a $36 price objective, on the equity.

Hawaiian Electric ( HE ): Wells Fargo has an Outperform on HE.

Heartland Payment Systems (HPY): Shares are a Hold at Jefferies, whose target price is $42.

Myriad Genetics (MYGN): SunTrust sets a Reduce on the stock.

Sinclair Broadcast Group (SBGI): Credit Suisse covers the company at Outperform.

Staffing Stocks : Jefferies has only a Hold on Robert Half (RHI) but begins Buys on both ManpowerGroup Inc (MAN) and On Assignment (ASGN).

UMB Financial (UMBF): Bank of America-Merrill Lynch launches coverage at a Buy.

Vantiv (VNTV): The business services stock gets established with an Outperform at Oppenheimer.

Western Gas Equity Partners (WGP): WGP is a new Outperform at Credit Suisse.

(See also: Stock Upgrades: Johnson & Johnson Is Head & Shoulders Above the Rest and Stock Downgrades: All Is Not Well Inside Intel . )