New Stock Coverage: London Whale Still a Killer for JPMorgan
In the wake of the Fed's good ship QE sailing off into infinity,
equities ended mostly underwater in a remarkably becalmed session,
yacht-owing Larry Ellison
, and the
$920 million London Whale
) all kept the life aquatic interesting for investors. (Wait,
what's that you say? QE is not a ship that
today celebrates an important anniversary
?) Despite a 13.86% plunge in Pier, and Oracle offering up a
decidedly iffy earnings outlook, there were still some notable
winners. Among them
), with the outfitter of "big and tall guys" advancing 2.76% after
. Alas, the market decided to simultaneously short
Dr Pepper Snapple
), home of
5'2″ spokeswoman Wendy Kaufman
. It ended off 0.65% on a
No top-tier economic data due today - a singularly awful one in stock market history - but Olive Garden owner Darden Restaurants (DRI) releases results. It's also a " quadruple witching " Friday, and they rarely lack action. (This phenomenon is not to be mistaken for the quartet of Fed officials addressing audiences this afternoon, in the form of Esther George (12:30 p.m. Eastern), Daniel Tarullo (12:40 p.m.), James Bullard (12:55 p.m.), and Narayana Kocherlakota (1:45 p.m.)
Allied World Assurance (AWH): Shares are initiated with a Perform at Keefe Bruyette, whose price objective is $103.
BancorpSouth (BXS): Shares are a new Hold at MLV & Co.
ExOne (XONE): The stock is an Outperform at FBR Capital, whose target price is $75 as it says the sand and metal market could provide a boost to the company.
Financial Information Providers: Goldman Sachs starts Sells on Dun & Bradstreet (DNB) and FactSet (FDS). McGraw-Hill Financial (MHFI), Moody's (MCO), and Thomson Reuters (TRI) are all new Neutrals.
International Business Machines (IBM): Cantor covers the key Dow (INDEXDJX:.DJI) component at a Buy.
Large Cap Banks: SociÃ©tÃ© GÃ©nÃ©rale has lukewarm Holds on Dow member JPMorgan Chase ( JPM ), bedeviled by the "London Whale," and Wells Fargo (WFC).
Moneygram (MGI): The stock is initiated with an Equal Weight at Evercore.
NPS Pharmceuticals (NPSP): JPMorgan has a new Overweight and $40 price objective.
(See also: Stock Upgrades: Ryanair Starts the Party Way Before Arriving in Ibiza and Stock Downgrades: Clorox Taken to the Cleaners .)