8:45AM: Not much corporate news of note this morning to move the market; nonetheless, a strong open is being presaged by the bullish action in the futures market.... Presently, the S&P futures, at 848, are 13 points above fair value while the Nasdaq 100 futures, at 881, are 22 points above fair value... Retailers receiving attention at SG Cowen, which started coverage on a number of stocks today with ratings ranging from NEUTRAL (ZLC, GPS, BEBE, ANN, AEOS) to BUY (MW, TIF, TLB, PSUN, CHIC, ANF ALOY) to STRONG BUY (LTD, CHS, HOTT)...
Separately, Deutsche Securities is providing some bullish backing for the casino/lodging companies. MBG, PPE, HET, FCH, and MAR were started with BUY recommendations while MGG, STN, HLT, HOT and HMT were started with STRONG BUY recommendations... For more research coverage, be sure to visit Briefing.com's Upgrades/Downgrades page. |
