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New Stock Coverage: Look at LeapFrog Jump

By: Minyanville
Posted: 5/24/2013 9:19:00 AM
Referenced Stocks: ANF;DXLG;JNJ;KID;LF

When not one but two serene white doves popped up on the homepage of CNBC earlier in the week, you just knew a scary black swan would suddenly appear out of nowhere. Sure enough, it came in the shape of a 7.5% swan dive in Japan's main market, which spooked investors worldwide and sent the Dow (^DJI) down for a second straight day. Just as Mr. Market nursed his first serious Hangover in ages, Tylenol maker Johnson & Johnson ( JNJ ) and Aspirin outfit Bayer (OTCMKTS:BAYRY) each scored analyst initiations . Still, brewing behemoth SABMiller (OTCMKTS:SBMRY) slumped after announcing earnings; clearly, we have now seen this movie way too many times before . Elsewhere, a ratings reduction saw Anglo American (OTCMKTS:AAUKY) tumble 2.94%. It owns 85% of De Beers, famous for "A Diamond is Forever" advertising campaign created, ironically enough, by two never-married spinsters .

Ahead of the long Memorial Day weekend, the bond market is scheduled to close early. On the corporate front, expect quarterly earnings announcements out of Abercrombie & Fitch ( ANF ), Destination XL Group ( DXLG ), Foot Locker (FL), Hibbett Sports (HIBB), Tsakos Energy Navigation (TNP), and UT Starcom (UTSI).

Alnylam Pharmaceuticals (ALNY): Deutsche Bank begins Buy rated research on the biotech.

CenterPoint Energy (CNP): The diversified utility is assigned a Hold by Deutsche Bank.

Kodiak Oil & Gas (KOG): Deutsche Bank has a Hold on the energy outfit.

LKQ Corp. (LKQ): The stock is launched with a Buy at Stifel, whose target price is $33. Favorable factors include an overdue consolidation in the automotive aftermarket.

Summer Infant (SUMR): The stock is a new Neutral at Roth Capital.

Teleflex (FTX): William Blair establishes Outperform-rated research on the medical instruments firm.

Toys & Games : Roth resumes Neutral-rated coverage on Kid Brands ( KID ) and launches LeapFrog Enterprises ( LF ) at a Buy.

(See also: Stock Upgrades: Changing Tides Makes Procter & Gamble a Better Bet and Stock Downgrades: Rue21 Exits Easy Street .)