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Widows And Orphans Close Report (7/30/13)

|Includes: AAPL, AGNC, BKCC, BRK.B, CAT, COG, CSX, CTB, CYS, DD, DHY, EFC, EXG, GE, GOLD, GRMN, HLF, Hatteras Financial Corp. (HTS), JPM, KCAP, KKR, LMT, LO, MGA, MMM, MSFT, MT, NAT, OZM, PBI, PSEC, SCCO, SKM, SLRC, SXL, TMO, TOT, TWO, V, VOD, VZ, WAC, XIN, ZTR
Equities  
Performance
Day 30 Day 1 Year
 
3M Co
MMM:NYQ
 
+0.20% +6.85% +26.56%
 
American Capital Agency Corp
AGNC:NSQ
 
-- -11.04% -22.16%
 
Apple Inc
AAPL:NSQ
 
+1.23% +14.32% -12.75%
 
ArcelorMittal SA
MT:NYQ
 
-0.38% +16.79% -23.86%
 
Berkshire Hathaway Inc
BRK.B:NYQ
 
-0.54% +3.46% +29.09%
 
Blackrock Kelso Capital Corp
BKCC:NSQ
 
+1.30% +8.12% +5.82%
 
Caterpillar Inc
CAT:NYQ
 
+0.20% +1.58% -5.91%
 
Cooper Tire & Rubber Co
CTB:NYQ
 
+0.27% +1.36% +33.73%
 
Credit Suisse High Yield Bond
DHY:ASQ
 
-0.32% -0.43% +2.63%
 
CSX Corp
CSX:NYQ
 
+0.24% +6.55% +26.50%
 
CYS Investments Inc
CYS:NYQ
 
+1.07% -8.03% -23.08%
 
E. I. du Pont de Nemours and Co
DD:NYQ
 
+0.24% +9.87% +30.06%
 
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG:NYQ
 
+0.31% +4.64% +16.33%
 
Ellington Financial LLC
EFC:NYQ
 
+0.18% +0.31% +11.18%
 
Garmin Ltd
GRMN:NSQ
 
+1.09% +3.01% -6.10%
 
General Electric Co
GE:NYQ
 
-0.04% +5.56% +18.27%
 
Herbalife Ltd
HLF:NYQ
 
-0.88% +33.01% +83.62%
 
JPMorgan Chase and Co
JPM:NYQ
 
-0.65% +5.53% +31.51%
 
KCAP Financial Inc
KCAP:NSQ
 
-1.62% -5.95% +17.85%
 
KKR & Co LP
KKR:NYQ
 
+0.19% +5.85% +41.88%
 
Lockheed Martin Corp
LMT:NYQ
 
+0.08% +10.72% +33.67%
 
Lorillard Inc
LO:NYQ
 
-0.30% -1.05% +223.42%
 
Magna International Inc
MGA:NYQ
 
+0.17% +7.43% +54.22%
 
Microsoft Corp
MSFT:NSQ
 
+0.98% -7.80% +20.82%
 
Nordic American Tanker Ltd
NAT:NYQ
 
-4.38% +28.93% +16.94%
 
Och-Ziff Capital Management Group LLC
OZM:NYQ
 
+0.18% +7.76% +28.75%
 
Pitney Bowes Inc
PBI:NYQ
 
+12.77% +13.08% +60.03%
 
Prospect Capital Corp
PSEC:NSQ
 
+0.09% +2.59% +9.00%
 
Randgold Resources Ltd
GOLD:NSQ
 
-0.64% +13.91% -25.54%
 
Resource Capital Corp
RSO:NYQ
 
+0.46% +7.32% +24.83%
 
Siemens AG
SI:NYQ
 
+1.12% +8.02% +6.87%
 
SK Telecom Co Ltd
SKM:NYQ
 
-2.70% +6.54% +36.83%
 
Solar Capital Ltd
SLRC:NSQ
 
-0.54% -4.24% -2.65%
 
Southern Copper Corp
SCCO:NYQ
 
-3.20% -2.64% -27.64%
 
Sunoco Logistics Partners LP
SXL:NYQ
 
-0.42% -4.18% +25.53%
 
Thermo Fisher Scientific Inc
TMO:NYQ
 
+0.09% +6.91% +42.32%
 
Total SA
TOT:NYQ
 
+0.42% +8.91% +5.13%
 
Two Harbors Investment Corp
TWO:NYQ
 
+1.89% 0.00% -2.14%
 
Verizon Communications Inc
VZ:NYQ
 
-2.08% +1.16% +21.11%
 
Visa Inc
V:NYQ
 
-0.28% +4.76% +27.06%
 
Vodafone Group PLC
VOD:NSQ
 
-0.33% +3.60% +22.40%
 
Walter Investment Management Corp
WAC:NYQ
 
+2.50% +16.53% -8.41%
 
Xinyuan Real Estate Co Ltd
XIN:NYQ
 
+0.39% +20.60% +47.96%
 
Zweig Total Return
ZTR:NYQ
 
-0.08% +3.12% +12.35%
 
Total  
+0.22% +5.82% +18.35%
 
As of BST 21:06 Jul 30 2013. Performance data is delayed by at least 20 minutes.
 
Today's Market Overview
FTSE 100 DOW S&P 500
6,571 10.70 / +0.16% 15,521 1.38 / -0.01% 1,686 0.63 / +0.04%
BST 16:35 Jul 30 2013 BST 21:32 Jul 30 2013 BST 21:32 Jul 30 2013

Top Stories

Analysts' Upgrades

  • Alcatel Lucent (NYSE:ALU) was upgraded by analysts at Kepler Capital Markets from a "reduce" rating to a "buy" rating.
  • Aeropostale Inc. (NYSE:ARO) was upgraded by analysts at Topeka Capital Markets from a "hold" rating to a "buy" rating. They now have a $18.00 price target on the stock, up previously from $15.00. 22.8% Upside.
  • Chorus Aviation (TSE:CHR.B) was upgraded by analysts at TD Securities from a "hold" rating to a "speculative buy" rating. They now have a C$3.25 price target on the stock.
  • Diploma (LON:DPLM) was upgraded by analysts at Numis Securities Ltd from a "hold" rating to an "add" rating. They now have a GBX 643 ($9.89) price target on the stock.
  • E.ON AG (NASDAQ:EONGY) was upgraded by analysts at Deutsche Bank from a "sell" rating to a "hold" rating.
  • Hudson's Bay Company (TSE:HBC) was upgraded by analysts at Scotiabank from a "reduce" rating to an "outperform" rating. They now have a C$20.50 price target on the stock, up previously from C$17.50. 22.0% Upside.
  • Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) was upgraded by analysts at Zacks from a "neutral" rating to an "outperform" rating. They now have a $79.00 price target on the stock. 20.7% Upside.
  • Lynas Co. Limited (ASX:LYC) was upgraded by analysts at JPMorgan Chase & Co. to an "overweight" rating.
  • Melco Crown Entertainment Limited (NASDAQ:MPEL) was upgraded by analysts at UBS AG from a "neutral" rating to a "buy" rating.
  • National Fuel Gas Co. (NYSE:NFG) was upgraded by analysts at Raymond James from a "market perform" rating to an "outperform" rating.
  • PulteGroup Inc. (NYSE:PHM) was upgraded by analysts at Williams Financial Group from a "hold" rating to a "buy" rating. They now have a $21.00 price target on the stock, down previously from $23.00. 28.1% Upside.
  • Perrigo Co. (NASDAQ:PRGO) was upgraded by analysts at Goldman Sachs Group Inc. from a "sell" rating to a "neutral" rating. They now have a $8.60 price target on the stock, down previously from $122.00. 93.1% Downside.
  • Perrigo Co. (NASDAQ:PRGO) was upgraded by analysts at Deutsche Bank from a "hold" rating to a "buy" rating. They now have a $150.00 price target on the stock, up previously from $120.00. 19.8% Upside.
  • Bankrate Inc. (NASDAQ:RATE) was upgraded by analysts at Bank of America Corp. from a "neutral" rating to a "buy" rating. They now have a $22.00 price target on the stock, up previously from $15.00. 39.4% Upside.
  • Bankrate Inc. (NASDAQ:RATE) was upgraded by analysts at Merrill Lynch from a "neutral" rating to a "buy" rating.
  • ResMed Inc. (NYSE:RMD) was upgraded by analysts at UBS AG from a "neutral" rating to a "buy" rating.
  • Ryland Group Inc. (NYSE:RYL) was upgraded by analysts at UBS AG from a "neutral" rating to a "buy" rating. They now have a $48.00 price target on the stock, up previously from $42.00. 25.8% Upside.
  • Siliconware Precisio (NASDAQ:SPIL) was upgraded by analysts at Daiwa Capital Markets to an "outperform" rating.
  • Tata Communications (NYSE:TCL) was upgraded by analysts at Bank of America Corp. to a "neutral" rating.
  • TriQuint Semiconductor Inc. (NASDAQ:TQNT) was upgraded by analysts at Zacks from a "neutral" rating to an "outperform" rating. They now have a $9.50 price target on the stock. 18.5% Upside.
  • Tata Communications Limited (NASDAQ:TTCMY) was upgraded by analysts at Bank of America Corp. to a "neutral" rating.
  • WEIR GROUP PLC (NASDAQ:WEIGF) was upgraded by analysts at Investec from a "hold" rating to a "buy" rating.
  • Weir Group (LON:WEIR) was upgraded by analysts at Investec from a "hold" rating to a "buy" rating. They now have a GBX 2,340 ($35.99) price target on the stock.
  • WellPoint Inc. (NYSE:WLP) was upgraded by analysts at Zacks from a "neutral" rating to an "outperform" rating. They now have a $103.00 price target on the stock. 20.4% Upside.

Analysts' Downgrades

  • Aberdeen Asset Management plc (LON:ADN) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating. They now have a GBX 435 ($6.69) price target on the stock, down previously from GBX 471 ($7.25).
  • Amalgamated Holdings Limited (ASX:AHD) was downgraded by analysts at Morningstar from a "hold" rating to a "reduce" rating.
  • Alliance Resource (NASDAQ:ARLP) was downgraded by analysts at Hilliard Lyons from a "buy" rating to a "neutral" rating. They now have a $75.00 price target on the stock. 2.3% Downside.
  • CBIZ Inc (NYSE:CBZ) was downgraded by analysts at First Analysis from an "overweight" rating to an "equal weight" rating. They now have a $8.00 price target on the stock. 6.2% Upside.
  • Carnival Corp. (NYSE:CCL) was downgraded by analysts at Numis Securities Ltd to a "buy" rating.
  • Cardero Resources Corp. (NYSE:CDY) was downgraded by analysts at Macquarie to a "neutral" rating.
  • Cardero Resources Corp. (NYSE:CDY) was downgraded by analysts at Dundee Securities from a "neutral" rating to a "sell" rating.
  • Capitol Federal Financial Inc. (NASDAQ:CFFN) was downgraded by analysts at Sandler O'Neill from a "buy" rating to a "hold" rating. They now have a $13.50 price target on the stock, up previously from $13.00. 6.6% Upside.
  • Choice Hotels International Inc. (NYSE:CHH) was downgraded by analysts at Wells Fargo & Co. from a "market perform" rating to an "underperform" rating. They noted that the move was a valuation call.
  • Colgate-Palmolive Co. (NYSE:CL) was downgraded by analysts at Nomura from a "buy" rating to a "neutral" rating.
  • Cabot Oil & Gas Corp. (NYSE:COG) was downgraded by analysts at Sanford C. Bernstein from an "outperform" rating to a "market perform" rating.
  • Deere & Co. (NYSE:DE) was downgraded by analysts at Longbow Research from a "buy" rating to a "neutral" rating.
  • Denny's Corp. (NASDAQ:DENN) was downgraded by analysts at Roth Capital from a "buy" rating to a "neutral" rating. They now have a $6.25 price target on the stock. 7.0% Upside.
  • D.R. Horton Inc. (NYSE:DHI) was downgraded by analysts at Raymond James from a "market perform" rating to an "underperform" rating.
  • Echo Global Logistics Inc. (NASDAQ:ECHO) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $21.00 price target on the stock. They noted that the move was a valuation call. 1.8% Downside.
  • Man Group (LON:EMG) was downgraded by analysts at Bank of America Corp. from a "buy" rating to a "neutral" rating. They now have a GBX 96 ($1.48) price target on the stock, down previously from GBX 130 ($2.00).
  • Sourcefire Inc. (NASDAQ:FIRE) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $64.00 price target on the stock. 15.2% Downside.
  • First of Long Island Corp. (NASDAQ:FLIC) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating. They now have a $31.00 price target on the stock. 14.8% Downside.
  • FLIR Systems Inc (NASDAQ:FLIR) was downgraded by analysts at Drexel Hamilton from a "buy" rating to a "hold" rating. They noted that the move was a valuation call.
  • Franco Nev Corp (NYSE:FNV) was downgraded by analysts at UBS AG from a "buy" rating to a "neutral" rating.
  • Franco-Nevada Co. (TSE:FNV) was downgraded by analysts at UBS AG from a "buy" rating to a "neutral" rating.
  • Fiera Capital (TSE:FSZ) was downgraded by analysts at National Bank Financial from an "outperform" rating to a "sector perform" rating. They now have a C$12.50 price target on the stock, up previously from C$11.00. 0.8% Upside.
  • Haemonetics Corp. (NYSE:HAE) was downgraded by analysts at Craig Hallum from a "buy" rating to a "hold" rating.
  • Heritage Commerce Corp. (NASDAQ:HTBK) was downgraded by analysts at FIG Partners from an "outperform" rating to a "market perform" rating. They now have a $8.00 price target on the stock, up previously from $7.50. 6.8% Upside.
  • China Lodging Group (NASDAQ:HTHT) was downgraded by analysts at Goldman Sachs Group Inc. from a "buy" rating to a "neutral" rating. They now have a $18.70 price target on the stock. 3.2% Upside.
  • Hatteras Financial Corp. (NYSE:HTS) was downgraded by analysts at JMP Securities from an "outperform" rating to a "market perform" rating. They now have a $27.00 price target on the stock. 34.1% Upside.
  • Infineon Technologies AG (NASDAQ:IFNNY) was downgraded by analysts at Goldman Sachs Group Inc. from a "conviction-buy" rating to a "buy" rating.
  • ITV (LON:ITV) was downgraded by analysts at Westhouse Securities to a "neutral" rating. They now have a GBX 167 ($2.57) price target on the stock, up previously from GBX 156 ($2.40).
  • Luminex Corp. (NASDAQ:LMNX) was downgraded by analysts at UBS AG from a "buy" rating to a "neutral" rating. They now have a $24.00 price target on the stock, up previously from $22.00. 3.0% Upside.
  • Magellan Health Services Inc. (NASDAQ:MGLN) was downgraded by analysts at Citigroup Inc. from a "neutral" rating to a "sell" rating. They now have a $52.00 price target on the stock. 10.7% Downside.
  • MidWestOne Financial Group Inc. (NASDAQ:MOFG) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating. They now have a $26.00 price target on the stock. 4.6% Downside.
  • The Mosaic Co. (NYSE:MOS) was downgraded by analysts at Atlantic Securities to a "neutral" rating.
  • NASDAQ OMX Group Inc. (NASDAQ:NDAQ) was downgraded by analysts at Goldman Sachs Group Inc. from a "neutral" rating to a "sell" rating. They now have a $28.00 price target on the stock, down previously from $30.00. 15.2% Downside.
  • OpenTable Inc. (NASDAQ:OPEN) was downgraded by analysts at Macquarie from an "outperform" rating to a "neutral" rating. They noted that the move was a valuation call.
  • Orica Limited (ASX:ORI) was downgraded by analysts at Credit Suisse from an "outperform" rating to a "neutral" rating.
  • PulteGroup Inc. (NYSE:PHM) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating. They now have a $26.00 price target on the stock. 58.6% Upside.
  • Potash Corp (NYSE:POT) was downgraded by analysts at Cantor Fitzgerald from a "buy" rating to a "hold" rating. They now have a $36.00 price target on the stock, down previously from $46.00. 5.0% Downside.
  • Spirit Airlines Inc. (NASDAQ:SAVE) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating. They now have a $37.00 price target on the stock, down previously from $41.00. 4.5% Upside.
  • SanDisk Corp. (NASDAQ:SNDK) was downgraded by analysts at Goldman Sachs Group Inc. from a "buy" rating to a "neutral" rating. They now have a $65.00 price target on the stock, up previously from $60.00. 17.3% Upside.
  • Sohu.Com (NASDAQ:SOHU) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating.
  • Sociedad Quimica y Minera de Chile (NYSE:SQM) was downgraded by analysts at Bank of America Corp. from a "neutral" rating to an "underperform" rating. They now have a $29.00 price target on the stock, down previously from $57.00. 21.9% Downside.
  • Tenneco Inc. (NYSE:TEN) was downgraded by analysts at Barclays Capital from an "overweight" rating to an "equal weight" rating. They now have a $51.00 price target on the stock. 5.3% Upside.
  • Teva Pharmaceutical Industries Ltd (NASDAQ:TEVA) was downgraded by analysts at Goldman Sachs Group Inc. from a "neutral" rating to a "sell" rating. They now have a $40.00 price target on the stock, down previously from $41.00. 0.3% Upside.
  • Transforce (TSE:TFI) was downgraded by analysts at TD Securities from an "action list buy" rating to a "buy" rating. They now have a C$25.00 price target on the stock, down previously from C$26.00. 20.9% Upside.
  • Tullett Prebon (LON:TLPR) was downgraded by analysts at HSBC to a "neutral" rating. They now have a GBX 375 ($5.77) price target on the stock.
  • Turquoise Hill Resources Ltd (TSE:TRQ) was downgraded by analysts at CIBC from an "outperform" rating to an "underperform" rating. They now have a C$5.50 price target on the stock, down previously from C$9.50. 25.6% Upside.
  • Turquoise Hill Resources Ltd (TSE:TRQ) was downgraded by analysts at CSFB from an "outperform" rating to a "neutral" rating. They now have a C$6.00 price target on the stock, down previously from C$10.00. 37.0% Upside.
  • Turquoise Hill Resources Ltd (NYSE:TRQ) was downgraded by analysts at Credit Suisse from an "outperform" rating to a "neutral" rating. They now have a $6.00 price target on the stock, down previously from $10.00. 40.5% Upside.
  • United Therapeutics Corp. (NASDAQ:UTHR) was downgraded by analysts at Standpoint Research from a "buy" rating to a "hold" rating.
  • Xylem Inc. (NYSE:XYL) was downgraded by analysts at Brean Capital from a "buy" rating to a "hold" rating.

Analysts' New Coverage

  • Alaris Royalty (TSE:AD) is now covered by analysts at Stonecap Securities. They set an "outperform" rating and a C$37.00 price target on the stock. 10.0% Upside.
  • Ashcourt Rowan PLC (LON:ARP) is now covered by analysts at Cantor Fitzgerald. They set a "buy" rating and a GBX 195 ($3.00) price target on the stock.
  • Ashcourt Rowan PLC (LON:ARP) is now covered by analysts at Seymour Pierce. They set a "buy" rating and a GBX 195 ($3.00) price target on the stock.
  • American Vanguard Corp. (NYSE:AVD) is now covered by analysts at SunTrust. They set a "neutral" rating on the stock.
  • bluebird bio Inc (NASDAQ:BLUE) is now covered by analysts at Cowen and Company. They set an "outperform" rating on the stock.
  • Cadence Design Systems Inc. (NASDAQ:CDNS) is now covered by analysts at Pacific Crest. They set a "sector perform" rating on the stock.
  • Destination XL Group Inc. (NASDAQ:DXLG) is now covered by analysts at Avondale Partners. They set a "market perform" rating on the stock.
  • Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) is now covered by analysts at JPMorgan Chase & Co.. They set an "overweight" rating on the stock.
  • Liberty Interactive Corp. Interactive Series A (NASDAQ:LINTA) is now covered by analysts at National Alliance Securities. They set a "buy" rating on the stock.
  • Mentor Graphics Corp. (NASDAQ:MENT) is now covered by analysts at Pacific Crest. They set an "outperform" rating on the stock.
  • NeoPhotonics Corp. (NASDAQ:NPTN) is now covered by analysts at Craig Hallum. They set a "buy" rating on the stock.
  • PGT Inc. (NASDAQ:PGTI) is now covered by analysts at Credit Suisse. They set a "neutral" rating and a $9.97 price target on the stock.
  • Synopsys Inc. (NASDAQ:SNPS) is now covered by analysts at Pacific Crest. They set an "outperform" rating on the stock.
  • Stemline Therapeutics Inc (NASDAQ:STML) is now covered by analysts at Roth Capital. They set a "buy" rating on the stock.
  • Trade Street Residential Inc (NASDAQ:TSRE) is now covered by analysts at Ladenburg Thalmann. They set a "buy" rating and a $10.00 price target on the stock. 2.0% Upside.
  • Tumi Holdings Inc (NASDAQ:TUMI) is now covered by analysts at KeyCorp. They set a "hold" rating on the stock.

Disclosure: I am long COG, HTS, MMM, AGNC, AAPL, MT, BRK.B, BKCC, CAT, CTB, DHY, CSX, CYS, DD, EXG, EFC, GRMN, GE, HLF, JPM, KCAP, KKR, LMT, LO, MGA, MSFT, NAT, OZM, PBI, PSEC, GOLD, RSO, SI, SKM, SLRC, SCCO, SXL, TMO, TOT, TWO, VZ, V, VOD, WAC, XIN, ZTR.