New Stock Coverage: Five Below Not Hot Stock | Stocks - Minyanville

MINYANVILLE ORIGINAL Last week began with the?Dow Jones?(^DJI) gaining on a Monday for the first time since May. It ended with The Smiths? Morrissey, Earth?s most morose Mancunian, bemoaning how?every day is like Sunday?after?Manchester United's (MANU) much-hyped IPO fell flat.
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In between, stocks eked out their fifth straight weekly advance and if blue chips? minuscule 121 point trading range over the five sessions didn?t make for much excitement, far better that than the record volatility investors were forced to endure?exactly a year earlier.

Iron ore touched a two and a half year trough on Friday, having slid 17.4% since June, and the reputation of "Iron Chancellor" Angela Merkel also took a hit, as her government indicated it would accept a bond-buying proposal to alleviate Europe?s economic crisis. Corny as Kansas in August proved profitable investment advice after corn futures set all time high of $8.49 per bushel.
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No top-tier economic data due today but quarterly earnings announcements are expected out of Groupon (GRPN), InterOil Corp. (IOC), Sysco Corp. (SYY), and Transcept Pharmaceuticals (TSPT).
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Avago Technologies?(AVGO): Avago is initiated with a Buy at UBS, whose price objective is $43.
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Brightcove?(BCOV): Brokerage boutique B. Riley starts Sell-rated research on BCOV.
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ConocoPhillips?(COP): Soci?t? G?n?rale starts the oil stock at a Buy.
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Cummins?(CMI): CMI is initiated with an Equal-Weight at Morgan Stanley.
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Five Below?(FIVE): Shares are a new Neutral at UBS, whose price objective is $35.
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Michael Kors?(KORS): KORS is covered with an Overweight at Barclays.
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Silicon Motion?(SIMO): Shares are initiated with a Buy at Deutsche Bank.
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SodaStream International?(SODA): SODA is initiated with a Hold at Canaccord Genuity, whose price target is $45.

(See also: Stock Downgrades: Coke Not Quenching Summer Thirst and Stock Upgrades: With a Name Like Smucker's, It Has to Be Good.)

No positions in stocks mentioned.

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Source: http://www.minyanville.com/trading-and-investing/stocks/articles/upgrades-downgrades-initiations-stock-market-analyst/8/13/2012/id/43146

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