New Stock Coverage: Look at LeapFrog Jump
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
(^DJI) down for a second straight day. Just as Mr. Market nursed
his first serious
in ages, Tylenol maker
Johnson & Johnson
) and Aspirin outfit
(OTCMKTS:BAYRY) each scored
. Still, brewing behemoth
(OTCMKTS:SBMRY) slumped after announcing earnings; clearly, we have
seen this movie way too many times before
. Elsewhere, a
(OTCMKTS:AAUKY) tumble 2.94%. It owns 85% of De Beers, famous for
"A Diamond is Forever" advertising campaign created, ironically
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 .)