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New Stock Coverage: This Is Time Warner's Moment in the Sun

By: Minyanville
Posted: 10/24/2013 9:28:00 AM
Referenced Stocks: AMZN;BA;CLF;CS;SBUX

Compared with what happened exactly half a decade earlier, when Alan Greenspan told a US House committee the United States was " in the midst of a once-in-a-century credit tsunami ," October 23, 2013 was a walk in the park. Still, the S&P 500 Index (INDEXSP:.INX) did snap a streak of four straight records amid some iffy earnings announcements. Not, however, by Boeing ( BA ) which rose 5.34% to best all Dow (INDEXDJX:.DJI) issues in ending at a historic high. Boeing Boeing was a well-reviewed play about the " Coffee, tea, or me? " era in the sky, and java giant Starbucks ( SBUX ) just bet big on the middle option . As Germany's "iron chancellor" seethed at snooping, America's largest iron ore outfit Cliffs Natural Resources ( CLF ) cratererd 2.86% in a slumping commodity sector. And a new study showed many of us plan to work until we die . Based on Jacko's beyond-the-grave earnings , it's not a bad idea.

The single busiest session for third quarter earnings is upon us, with Amazon.com ( AMZN ), Credit Suisse ( CS ) Dow Chemical (DOW), Ericsson (ERIC), Ford (F), Microsoft (MSFT), 3M Co (MMM), Under Armour (UA), Western Digital (WDC), and Zynga (ZNGA) all due to announce results.

Apollo Global Management (APO): Shares are initiated with a Sector Perform at RBC Capital, whose target is $35.

Baltic Trading (BALT): The stock is a new Outperform at Imperial Capital, whose price objective is $7.

Goldcorp (GG): The commodity company gets begun with a Buy at Canaccord Genuity.

Home Bancshares (HOMB): Sterne Agee has a new Neutral on HOMB.

Lemaitre Vascular (LMAT): LATM is launched with a Buy at The Benchmark Company.

Madison Square Garden (MSG): Guggenheim gives the company a Buy rating.

Media & Entertainment : Guggenheim has a Buy on Time Warner (TWX) and CBS Corp (CBS). Its new Neutrals include Viacom (VIAB) and Walt Disney (DIS).

Pharmacy Stocks : CVS Caremark (CVS) is an Outperform at FBR Capital, which has a new Perform on Walgreen (WAG).

Tahoe Resources (TAHO): Shares are initiated with a Buy at Canaccord Genuity.

(See also: Stock Downgrades: Caterpillar Still in the Doghouse and Stock Upgrades: Goldman Given a Blankfein Check )