Widows And Orphans Daily Close Report (7/19/13)

Equities		Performance Day 30 Day 1 Year
3M Co MMM:NYQ		+0.61% +4.14% +25.88%
American Capital Agency Corp AGNC:NSQ		-- -12.00% -22.16%
Apple Inc AAPL:NSQ		-1.58% +0.46% -18.17%
ArcelorMittal SA MT:NYQ		+0.32% +6.71% -25.96%
Berkshire Hathaway Inc BRK.B:NYQ		+0.29% +4.44% +32.55%
Blackrock Kelso Capital Corp BKCC:NSQ		+0.20% +4.46% +2.96%
Caterpillar Inc CAT:NYQ		-0.08% +2.37% -3.16%
Cooper Tire & Rubber Co CTB:NYQ		+0.30% +3.65% +34.42%
Credit Suisse High Yield Bond DHY:ASQ		-0.33% +1.86% +1.99%
CSX Corp CSX:NYQ		-0.63% +3.21% +29.98%
CYS Investments Inc CYS:NYQ		+0.11% -10.99% -20.56%
E. I. du Pont de Nemours and Co DD:NYQ		-0.57% +6.86% +28.87%
Eaton Vance Tax-Managed Global Diversified Equity Income Fund EXG:NYQ		-0.10% +2.97% +16.46%
Ellington Financial LLC EFC:NYQ		-0.70% -2.79% +10.15%
Garmin Ltd GRMN:NSQ		+0.49% +4.98% -7.50%
General Electric Co GE:NYQ		+4.61% +3.89% +19.44%
Herbalife Ltd HLF:NYQ		+2.50% +16.37% +70.73%
JPMorgan Chase and Co JPM:NYQ		-0.37% +5.61% +33.47%
KCAP Financial Inc KCAP:NSQ		-0.45% +6.32% +26.00%
KKR & Co LP KKR:NYQ		+2.25% +7.51% +42.59%
Lockheed Martin Corp LMT:NYQ		+0.14% +8.06% +28.64%
Lorillard Inc LO:NYQ		-0.06% +6.31% +248.52%
Magna International Inc MGA:NYQ		+0.15% +6.95% +50.18%
Microsoft Corp MSFT:NSQ		-11.40% -9.22% +19.13%
Nordic American Tanker Ltd NAT:NYQ		+3.15% +8.59% +6.41%
Och-Ziff Capital Management Group LLC OZM:NYQ		-0.45% +3.81% +27.83%
Pitney Bowes Inc PBI:NYQ		-0.85% -1.33% +36.11%
Prospect Capital Corp PSEC:NSQ		0.00% +6.28% +8.63%
Randgold Resources Ltd GOLD:NSQ		+4.74% +0.14% -28.14%
Resource Capital Corp RSO:NYQ		+0.31% +6.45% +22.30%
Siemens AG SI:NYQ		+1.32% +6.78% +9.51%
SK Telecom Co Ltd SKM:NYQ		-1.04% +3.07% +37.65%
Solar Capital Ltd SLRC:NSQ		-0.20% +6.43% +7.63%
Southern Copper Corp SCCO:NYQ		-1.72% -3.46% -24.88%
Sunoco Logistics Partners LP SXL:NYQ		-0.99% -3.61% +26.83%
Thermo Fisher Scientific Inc TMO:NYQ		+0.70% +5.77% +40.91%
Total SA TOT:NYQ		+0.02% +4.46% +3.08%
Two Harbors Investment Corp TWO:NYQ		0.00% -3.09% -3.36%
Verizon Communications Inc VZ:NYQ		-0.04% +0.81% +20.02%
Visa Inc V:NYQ		-0.57% +3.99% +26.07%
Vodafone Group PLC VOD:NSQ		+1.41% +5.85% +21.41%
Walter Investment Management Corp WAC:NYQ		+0.08% +3.67% -11.37%
Xinyuan Real Estate Co Ltd XIN:NYQ		-1.45% +4.62% +35.34%
Zweig Total Return ZTR:NYQ		+0.23% +1.41% +12.72%
Total		-0.06% +3.30% +17.15%

As of BST 21:09 Jul 19 2013. Performance data is delayed by at least 20 minutes.

Today's Market Overview FTSE 100 DOW S&P 500 6,631 3.69 / -0.06% 15,544 4.80 / -0.03% 1,692 2.72 / +0.16% BST 16:35 Jul 19 2013 BST 21:48 Jul 19 2013 BST 22:03 Jul 19 2013

Top Stories

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• 5 Top Stocks of the Week
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Analysts' Upgrades

• Archer Daniels Midland Co. (NYSE:ADM) was upgraded by analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating. They now have a $33.00 price target on the stock, up previously from $29.00. 7.8% Downside.
• ASML Holding (NASDAQ:ASML) was upgraded by analysts at Jefferies Group from a "hold" rating to a "buy" rating.
• Breitburn Energy (NASDAQ:BBEP) was upgraded by analysts at Raymond James from a "market perform" rating to an "outperform" rating.
• BlackBerry (NASDAQ:BBRY) was upgraded by analysts at BMO Capital Markets from an "underperform" rating to a "market perform" rating.
• BioCryst Pharmaceuticals Inc. (NASDAQ:BCRX) was upgraded by analysts at JMP Securities from a "market perform" rating to an "outperform" rating. They now have a $3.00 price target on the stock. 47.1% Upside.
• Cepheid (NASDAQ:CPHD) was upgraded by analysts at Piper Jaffray Cos. from a "neutral" rating to an "overweight" rating. They now have a $43.00 price target on the stock. 26.0% Upside.
• Cablevision Systems Corp. (NYSE:CVC) was upgraded by analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating.
• Diageo PLC (NYSE:DEO) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating.
• Diageo PLC (NYSE:DEO) was upgraded by analysts at JP Morgan Cazenove from a "neutral" rating to an "outperform" rating.
• Diageo (LON:DGE) was upgraded by analysts at JPMorgan Chase & Co. to an "overweight" rating. They now have a GBX 2,150 ($32.47) price target on the stock.
• Quest Diagnostics Inc. (NYSE:DGX) was upgraded by analysts at Macquarie from a "neutral" rating to an "outperform" rating.
• D.R. Horton Inc. (NYSE:DHI) was upgraded by analysts at Susquehanna to a "neutral" rating.
• Electrocomponents (LON:ECM) was upgraded by analysts at Deutsche Bank from a "hold" rating to a "buy" rating. They now have a GBX 285 ($4.30) price target on the stock, up previously from GBX 230 ($3.47).
• Extra Space Storage Inc. (NYSE:EXR) was upgraded by analysts at Cantor Fitzgerald from a "sell" rating to a "hold" rating. They now have a $47.00 price target on the stock, up previously from $44.00. 6.8% Upside.
• WisdomTree Total Earnings Fund (ETF) (NYSE:EXT) was upgraded by analysts at Cantor Fitzgerald from a "sell" rating to a "hold" rating. They now have a $44.00 price target on the stock, down previously from $47.00.
• Flight Centre Limited (ASX:FLT) was upgraded by analysts at Goldman Sachs Group Inc. to a "neutral" rating. They now have a $39.09 price target on the stock.
• Fred's Inc. (NASDAQ:FRED) was upgraded by analysts at Deutsche Bank from a "sell" rating to a "hold" rating. They now have a $15.00 price target on the stock, up previously from $10.00. 10.4% Downside.
• Frontline Ltd. (NYSE:FRO) was upgraded by analysts at Global Hunter Securities from a "reduce" rating to a "neutral" rating.
• Humana Inc. (NYSE:HUM) 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. 16.6% Upside.
• Martinrea International (TSE:MRE) was upgraded by analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating.
• Netflix Inc. (NASDAQ:NFLX) was upgraded by analysts at Northland Capital Partners from an "under perform" rating to a "market perform" rating. They now have a $225.00 price target on the stock, up previously from $150.00. 15.5% Downside.
• Netflix Inc. (NASDAQ:NFLX) was upgraded by analysts at Northland Securities from an "underperform" rating to a "market perform" rating. They now have a $225.00 price target on the stock. 15.5% Downside.
• Precision Drilling (NYSE:PDS) was upgraded by analysts at FirstEnergy Capital from a "market perform" rating to an "outperform" rating.
• BlackBerry (TSE:RIM) was upgraded by analysts at BMO Capital Markets from an "underperform" rating to a "market perform" rating.
• Synovus Financial Corp. (NYSE:SNV) was upgraded by analysts at Compass Point from a "neutral" rating to a "buy" rating. They now have a $3.50 price target on the stock, up previously from $2.70. 13.3% Upside.
• STAG Industrial Inc. (NASDAQ:STAG) was upgraded by analysts at RBC Capital from a "sector perform" rating to an "outperform" rating.
• Seagate (NYSE:STX) was upgraded by analysts at Citigroup Inc. from a "sell" rating to a "neutral" rating. They now have a GBX 49 ($0.74) price target on the stock. 4.5% Upside.
• Subsea 7 SA (NASDAQ:SUBCY) was upgraded by analysts at Deutsche Bank from a "mkt perform" rating to a "buy" rating.
• Subsea 7 SA (NASDAQ:SUBCY) was upgraded by analysts at UBS AG from a "hold" rating to a "buy" rating.
• Skyworks Solutions Inc. (NASDAQ:SWKS) was upgraded by analysts at Needham & Company from a "hold" rating to a "buy" rating. They now have a $30.00 price target on the stock. 33.6% Upside.
• Western Digital Corp. (NYSE:WDC) was upgraded by analysts at Citigroup Inc. from a "sell" rating to a "neutral" rating. They now have a GBX 77 ($1.16) price target on the stock. 10.6% Upside.
• Watsco Inc. (NYSE:WSO) was upgraded by analysts at Global Hunter Securities from an "accumulate" rating to a "buy" rating. They now have a $120.00 price target on the stock, up previously from $100.00. 28.0% Upside.

Analysts' Downgrades

• Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP) was downgraded by analysts at B. Riley from a "buy" rating to a "neutral" rating.
• Alliance Holdings GP, L.P. (NASDAQ:AHGP) was downgraded by analysts at Raymond James from a "strong-buy" rating to a "market perform" rating.
• Apartment Investment & Management Co. (NYSE:AIV) was downgraded by analysts at UBS AG from a "buy" rating to a "neutral" rating. They now have a $32.00 price target on the stock. They noted that the move was a valuation call. 1.7% Upside.
• Akzo Nobel (NASDAQ:AKZOY) was downgraded by analysts at Goldman Sachs Group Inc. from a "neutral" rating to a "sell" rating.
• Advanced Micro Devices Inc. (NYSE:AMD) was downgraded by analysts at Credit Suisse from a "neutral" rating to an "underperform" rating. They now have a $3.00 price target on the stock. 35.3% Downside.
• Associated Banc-Corp (NASDAQ:ASBC) was downgraded by analysts at RBC Capital to a "sector perform" rating.
• athenahealth Inc. (NASDAQ:ATHN) was downgraded by analysts at Lazard Capital Markets from a "buy" rating to a "neutral" rating. They noted that the move was a valuation call.
• BB&T Corp. (NYSE:BBT) was downgraded by analysts at Raymond James from a "strong-buy" rating to an "outperform" rating.
• Black Hills Corp. (NYSE:BKH) was downgraded by analysts at Williams Capital from a "buy" rating to a "sell" rating. They now have a $47.00 price target on the stock, up previously from $40.00. 12.6% Downside.
• Bank Mutual Corp. (NASDAQ:BKMU) was downgraded by analysts at Sandler O'Neill to a "hold" rating.
• Bloomin' Brands Inc (NASDAQ:BLMN) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating.
• Popular Inc. (NASDAQ:BPOP) was downgraded by analysts at Guggenheim from a "buy" rating to a "neutral" rating.
• Brambles (ASX:BXB) was downgraded by analysts at Morningstar from a "hold" rating to a "reduce" rating.
• Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) was downgraded by analysts at Raymond James from a "market perform" rating to an "underperform" rating.
• Chemed Corp. (NYSE:CHE) was downgraded by analysts at CL King from a "buy" rating to a "neutral" rating.
• Chuy's Holdings Inc (NASDAQ:CHUY) was downgraded by analysts at Raymond James from a "market perform" rating to an "underperform" rating.
• Cepheid (NASDAQ:CPHD) was downgraded by analysts at Craig Hallum from a "hold" rating to a "sell" rating.
• CVB Financial Corp. (NASDAQ:CVBF) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating.
• DineEquity Inc. (NYSE:DIN) was downgraded by analysts at Raymond James from a "strong-buy" rating to an "outperform" rating. They noted that the move was a valuation call.
• Deutsche Post AG (NASDAQ:DPSGY) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They noted that the move was a valuation call.
• EDP-Energias de Portugal, S.A (NASDAQ:EDPFY) was downgraded by analysts at Deutsche Bank from a "hold" rating to a "sell" rating.
• Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) was downgraded by analysts at Nordea Equity Research from a "hold" rating to a "sell" rating.
• Fairchild Semiconductor International Inc. (NYSE:FCS) was downgraded by analysts at FBR Capital Markets from an "outperform" rating to a "market perform" rating. They now have a $14.00 price target on the stock, down previously from $16.00. 9.6% Upside.
• Fairchild Semiconductor International Inc. (NYSE:FCS) was downgraded by analysts at FBR & Co. from an "outperform" rating to a "market perform" rating.
• Fresnillo (LON:FRES) was downgraded by analysts at Goldman Sachs Group Inc. to a "sell/neutral" rating. They now have a GBX 850 ($12.84) price target on the stock.
• Forward Air Corp. (NASDAQ:FWRD) was downgraded by analysts at Stephens from an "overweight" rating to an "equal weight" rating.
• Gilat Satellite Networks Ltd (NASDAQ:GILT) was downgraded by analysts at Sidoti to a "neutral" rating.
• Genuine Parts Co. (NYSE:GPC) was downgraded by analysts at BB&T Corp. from a "buy" rating to a "hold" rating. They noted that the move was a valuation call.
• HSBC (NYSE:HBC) was downgraded by analysts at Investec from a "buy" rating to a "hold" rating.
• HSBC Holdings (LON:HSBA) was downgraded by analysts at Investec from a "buy" rating to a "hold" rating. They now have a GBX 740 ($11.18) price target on the stock.
• Iconix Brand Group Inc. (NASDAQ:ICON) was downgraded by analysts at Monness Crespi & Hardt from a "buy" rating to a "neutral" rating. They now have a $30.00 price target on the stock. They noted that the move was a valuation call. 5.5% Downside.
• ICU Medical Inc. (NASDAQ:ICUI) was downgraded by analysts at Piper Jaffray Cos. from an "overweight" rating to a "neutral" rating. They now have a $71.00 price target on the stock, up previously from $70.00. 4.8% Downside.
• ICU Medical Inc. (NASDAQ:ICUI) was downgraded by analysts at Roth Capital from a "buy" rating to a "neutral" rating.
• International Game Technology (NYSE:IGT) was downgraded by analysts at Credit Suisse from a "neutral" rating to an "underperform" rating. They now have a $16.00 price target on the stock. 20.7% Downside.
• International Game Technology (NYSE:IGT) was downgraded by analysts at Janney Montgomery Scott from a "buy" rating to a "neutral" rating.
• Intuitive Surgical Inc. (NASDAQ:ISRG) was downgraded by analysts at JMP Securities from a "market perform" rating to an "underperform" rating. They now have a $275.00 price target on the stock. 34.8% Downside.
• Koppers Holdings Inc. (NYSE:KOP) was downgraded by analysts at Northcoast Research from a "buy" rating to a "neutral" rating.
• Mattel Inc. (NYSE:MAT) was downgraded by analysts at BMO Capital Markets from an "outperform" rating to a "market perform" rating.
• The Mosaic Co. (NYSE:MOS) was downgraded by analysts at Susquehanna from a "positive" rating to a "neutral" rating.
• Microsoft Corp. (NASDAQ:MSFT) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating. They now have a $900.00 price target on the stock. 2439.5% Upside.
• Microsoft Corp. (NASDAQ:MSFT) was downgraded by analysts at Cowen and Company from an "outperform" rating to a "market perform" rating.
• Newcrest Mining Limited (ASX:NCM) was downgraded by analysts at Credit Suisse from an "outperform" rating to an "underperform" rating.
• NetScout Systems Inc. (NASDAQ:NTCT) was downgraded by analysts at Craig Hallum from a "hold" rating to a "sell" rating.
• Omnicom Group Inc. (NYSE:OMC) was downgraded by analysts at RBC Capital from an "outperform" rating to a "sector perform" rating.
• Pacific Continental Corp. (NASDAQ:PCBK) was downgraded by analysts at Sandler O'Neill from a "buy" rating to a "hold" rating.
• Premiere Global Services Inc. (NYSE:PGI) was downgraded by analysts at Raymond James from a "strong-buy" rating to an "outperform" rating.
• Premiere Global Services Inc. (NYSE:PGI) was downgraded by analysts at Northland Capital Partners from an "outperform" rating to a "market perform" rating.
• Panera Bread Co. (NASDAQ:PNRA) was downgraded by analysts at Raymond James from a "market perform" rating to an "underperform" rating.
• Royal Bank Scotland (NYSE:RBS) was downgraded by analysts at Investec from a "buy" rating to a "hold" rating.
• RBS (LON:RBS) was downgraded by analysts at Investec from a "buy" rating to a "hold" rating. They now have a GBX 340 ($5.14) price target on the stock, up previously from GBX 335 ($5.06).
• REMY COINTREAU FF (NASDAQ:REMYF) was downgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating.
• Ruth's Hospitality Group Inc. (NASDAQ:RUTH) was downgraded by analysts at Raymond James from a "market perform" rating to an "underperform" rating.
• SAP Aktiengesellschaft (NYSE:SAP) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating.
• SAP Aktiengesellschaft (NYSE:SAP) was downgraded by analysts at JP Morgan Cazenove from an "overweight" rating to a "market perform" rating.
• Shoppers Drug Mart (TSE:SC) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating.
• SCBT Financial Corp. (NASDAQ:SCBT) was downgraded by analysts at BB&T Corp. from a "buy" rating to a "hold" rating. They noted that the move was a valuation call.
• SHFL Entertainment Inc. (NASDAQ:SHFL) was downgraded by analysts at Brean Capital from a "buy" rating to a "hold" rating.
• Stamps.com Inc. (NASDAQ:STMP) was downgraded by analysts at Roth Capital from a "buy" rating to a "neutral" rating.
• Stryker Corp. (NYSE:SYK) was downgraded by analysts at Wunderlich from a "buy" rating to a "hold" rating. They now have a $71.00 price target on the stock. 1.4% Upside.
• Technip (NASDAQ:TKPPY) was downgraded by analysts at Deutsche Bank from a "buy" rating to a "hold" rating.
• Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) was downgraded by analysts at HSBC from an "overweight" rating to a "neutral" rating.
• "Ultratech, Inc." (NASDAQ:UTEK) was downgraded by analysts at Bank of America Corp. from a "buy" rating to a "neutral" rating. They now have a $37.00 price target on the stock, down previously from $42.00. 14.0% Upside.
• "Ultratech, Inc." (NASDAQ:UTEK) was downgraded by analysts at Noble Financial from a "buy" rating to a "hold" rating.
• VIVUS Inc. (NASDAQ:VVUS) was downgraded by analysts at Needham & Company from a "buy" rating to a "hold" rating.
• TMX Group (TSE:X) was downgraded by analysts at National Bank Financial from a "sector perform" rating to an "underperform" rating. They now have a C$44.00 price target on the stock, down previously from C$46.00. 2.2% Downside.
• XPO Logistics Inc (NYSE:XPO) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They noted that the move was a valuation call.

Analysts' New Coverage

• American Eagle Outfitters Inc. (NYSE:AEO) is now covered by analysts at SunTrust. They set a "neutral" rating on the stock.
• Argan Inc. (NYSE:AGX) is now covered by analysts at Avondale Partners. They set an "outperform" rating on the stock.
• Abercrombie & Fitch Co. (NYSE:ANF) is now covered by analysts at SunTrust. They set a "neutral" rating on the stock.
• Antofagasta plc (NASDAQ:ANFGY) is now covered by analysts at Westhouse Securities. They set a "buy" rating on the stock.
• Ann Inc. (NYSE:ANN) is now covered by analysts at SunTrust. They set a "buy" rating on the stock.
• Antofagasta (LON:ANTO) is now covered by analysts at Westhouse Securities. They set a "buy" rating and a GBX 980 ($14.80) price target on the stock.
• Aeropostale Inc. (NYSE:ARO) is now covered by analysts at SunTrust. They set a "neutral" rating on the stock.
• Astex Pharmaceuticals Inc. (NASDAQ:ASTX) is now covered by analysts at Brean Capital. They set a "buy" rating on the stock.
• Armstrong World Industries Inc. (NYSE:AWI) is now covered by analysts at Deutsche Bank. They set a "buy" rating on the stock.
• Black Diamond Group Ltd. (TSE:BDI) is now covered by analysts at Scotiabank. They set an "outperform" rating and a C$28.00 price target on the stock. 20.6% Upside.
• Big Lots Inc. (NYSE:BIG) is now covered by analysts at FBR Capital Markets. They set a "market perform" rating and a $35.00 price target on the stock. 2.8% Downside.
• Big Lots Inc. (NYSE:BIG) is now covered by analysts at FBR & Co.. They set a "market perform" rating on the stock.
• Body Central Corp. (NASDAQ:BODY) is now covered by analysts at SunTrust. They set a "neutral" rating on the stock.
• Buckeye Partners (NYSE:BPL) is now covered by analysts at Clarkson Capital. They set a "market perform" rating on the stock.
• Chico's FAS Inc. (NYSE:CHS) is now covered by analysts at SunTrust. They set a "buy" rating on the stock.
• Citi Trends Inc. (NASDAQ:CTRN) is now covered by analysts at Citigroup Inc.. They set a "neutral" rating on the stock.
• DISH Network Corp. (NASDAQ:DISH) is now covered by analysts at Goldman Sachs Group Inc.. They set a "neutral" rating on the stock.
• Dick's Sporting Goods Inc. (NYSE:DKS) is now covered by analysts at RBC Capital. They set a "sector perform" rating on the stock.
• Enterprise Products Partners (NYSE:EPD) is now covered by analysts at Clarkson Capital. They set an "outperform" rating on the stock.
• Express Inc. (NASDAQ:EXPR) is now covered by analysts at SunTrust. They set a "neutral" rating on the stock.
• Family Dollar Stores Inc. (NYSE:FDO) is now covered by analysts at FBR Capital Markets. They set a "market perform" rating and a $64.00 price target on the stock. They noted that the move was a valuation call. 6.6% Downside.
• Family Dollar Stores Inc. (NYSE:FDO) is now covered by analysts at FBR & Co.. They set a "market perform" rating on the stock.
• Fifth & Pacific Companies Inc (NYSE:FNP) is now covered by analysts at SunTrust. They set a "neutral" rating on the stock.
• Francesca's Holdings Corp. (NASDAQ:FRAN) is now covered by analysts at SunTrust. They set a "buy" rating on the stock.
• Gap Inc. (NYSE:GPS) is now covered by analysts at SunTrust. They set a "neutral" rating on the stock.
• Kindred Healthcare Inc. (NYSE:KND) is now covered by analysts at Barclays Capital. They set an "overweight" rating on the stock.
• Lululemon (NASDAQ:LULU) is now covered by analysts at SunTrust. They set a "buy" rating on the stock.
• Targa Resources Partners (NASDAQ:NGLS) is now covered by analysts at Clarkson Capital. They set an "outperform" rating on the stock.
• Netsol Technologies (NASDAQ:NTWK) is now covered by analysts at Maxim Group. They set a "buy" rating and a $13.00 price target on the stock. 23.5% Upside.
• New York & Co. Inc. (NYSE:NWY) is now covered by analysts at SunTrust. They set a "neutral" rating on the stock.
• Oiltanking Partners (NASDAQ:OILT) is now covered by analysts at Clarkson Capital. They set an "outperform" rating on the stock.
• Partnership Assurance Group PLC (LON:PA) is now covered by analysts at Deutsche Bank. They set a "hold" rating and a GBX 540 ($8.16) price target on the stock.
• Ross Stores Inc. (NASDAQ:ROST) is now covered by analysts at SunTrust. They set a "buy" rating on the stock.
• Sprint Nextel Corp. (NYSE:S) is now covered by analysts at Goldman Sachs Group Inc.. They set a "sell" rating on the stock.
• SunoCo Logistics Partners LP (NYSE:SXL) is now covered by analysts at Clarkson Capital. They set a "market perform" rating on the stock.
• TJX Cos. (NYSE:TJX) is now covered by analysts at SunTrust. They set a "neutral" rating on the stock.
• Tilly's Inc (NASDAQ:TLYS) is now covered by analysts at SunTrust. They set a "buy" rating on the stock.
• Under Armour Inc. (NYSE:UA) is now covered by analysts at SunTrust. They set a "buy" rating on the stock.
• Union Pacific Corp. (NYSE:UNP) is now covered by analysts at Credit Suisse. They set an "outperform" rating on the stock.
• Urban Outfitters Inc. (NASDAQ:URBN) is now covered by analysts at SunTrust. They set a "buy" rating on the stock.
• Zumiez Inc. (NASDAQ:ZUMZ) is now covered by analysts at SunTrust. They set a "neutral" rating on the stock.

Latest Portfolio Headlines

• GE:
  Ignore the slowdown in China at your own peril, writes Ben Levisohn after GDP growth slipped to 7.5% in Q2, and Beijing shows little sign of easing policy to re-boost it. Consumer staples and health care stocks with high China exposure like Mead Johnson (MJN) and PerkinElmer (PKI) have recently underperformed (on a relative basis), but also at risk are those in materials, industrials, and IT with a heavy reliance on China: DOW, ALTR, EXPD, GE. On the other hand there's Las Vegas Sands (LVS) - maybe unfairly (relatively) punished for its Macau exposure even as the secular growth of gambling there should offset any cyclical economic weakness in China.
• AAPL, JPM:
  With the major averages edging towards pricey territory, Andrew Bary of Barron's screens the S&P 500 for big cap stocks trading at single-digit multiples, then narrows the list to those whose prospects can be argued to be good. The names are all familiar ones, but their presence on the list may surprise: VLO, MPC, HPQ, FCX, ESV, PSX, GM, MET, WDC, PRU, APA, JPM, C, DE, AAPL.
• AAPL, MSFT:
  Imminent Danger Of Higher Taxes Ahead
• AAPL, CAT:
  Love Fest And Victory Tour
• LMT, LO:
  Our Retirement Income Portfolio And Its 2nd Quarter Review
• CSX:
  Crude Spread Hits Parity
• MMM:
  3M to Webcast Second-Quarter Earnings Conference Call
• GE:
  The FTC signs off on GE's $4.3B purchase of Italian aircraft parts maker Avio, after GE promises to protect strategic info held by Avio about the Eurofighter. The EU gave its blessing to the deal earlier this month, after GE promised to keep supporting the Eurofighter and Eurojet.
• AAPL:
  Apple (AAPL) has bought transportation app developer HopStop, Bloomberg reports. HopStop's data and navigation tools for local transportation options such as buses, trains, taxi services, and bike paths would help address user complaints about Apple Maps' dearth of public transit data/features relative to Google Maps. The report comes shortly after Apple confirmed it bought Canadian location database developer Locationary.
• JPM:
  Another Quarter Squandered At People's United Financial, Inc.
• PBI:
  After-hours top gainers, as of 5:15 p.m.: DRIV +3%. CYT +2%. SRC +2%. STAG +1%. PBI +1%. After-hours top losers: EPOL -4%. CPHD -4%. TSYS -3%. FLOW -3%. CYH -3%.
• MSFT:
  Microsoft (MSFT -11.2%) board members are in talks with activist investor ValueAct over the firm's demand for a board seat, Reuters reports. Sources say Microsoft's lack of CEO succession planning is a prominent issue in the discussions. Steve Ballmer, who has plenty of critics, has previously suggested he'll leave in the 2017-2018 timeframe. Nomura suggested earlier today Microsoft's poorly-received FQ4 results and FQ1 guidance could lead to an activist push. ValueAct owned just 0.4% of Microsoft at the end of Q1, but its stake is believed to have risen since. Shares +0.6% AH. (more on Microsoft)
• MSFT:
  Microsoft's Q4 Results Are Muted By PC Weakness, Surface Write-Off
• TOT:
  Carbonate Triangle's Athabasca Investment Guide: Suncor Energy Edition - Part 2
• MSFT:
  VMware Earnings Preview: Q2 2013
• AAPL:
  Apple (AAPL -1.5%) and Samsung (SSNLF.PK) are still holding patent settlement talks, but there's no sign a resolution is near, the WSJ reports, citing sources and legal docs. The companies have reportedly held face-to-face talks in Seoul and drafted a memorandum of understanding about a deal in February, but discussions appear to have faltered afterwards. Apple and its top rival/component supplier continue to battle in the U.S. (via the ITC and federal courts), Europe, Japan, and elsewhere. An Apple/HTC licensing deal was reached last November.
• MSFT:
  Will CSL Acquisition Improve IBM?
• AAPL, MSFT:
  Does Microsoft Get The Message Yet?
• GE:
  General Electric Company (GE) CEO Discusses Q2 2013 Results - Earnings Call Transcript
• MSFT:
  Midday top 10 gainers: OXGN +38%. HGSH +27%. BCRX +20%. CLSN +17%. USU +15%. INFU +14%. GRH +12%. ALSK +12%. CBST +9%. DRTX +9%. Midday top 10 Losers: AMD -15%. TNGN -12%. ISRG -12%. ACTG -11%. MSFT -11%. AEHR -10%. SCON -10%. GIG -10%. TVL -9%. GTXI -9%.
• LMT:
  New Military Communications Satellite Built By Lockheed Martin Launches Successfully
• MSFT:
  Long 3D Systems Corp
• JPM:
  JPMorgan (JPM -0.6%) announces the retirement of David Cote and Ellen Futter from the Board. Only the timing was in question for this move as the two sat on the risk policy committee despite having limited or negative experience with such matters at financial institutions. Both were reelected at the May annual meeting, but with a slim majority of the vote, and management leaked board changes were coming.
• MSFT:
  Microsoft (MSFT -11%) is plunging following its FQ4 miss, and is taking other PC-related names lower with it. HPQ -4.2%. INTC -1.4%. NVDA -2.2%. Goldman (Sell) predicts lower Windows price points for smaller/touch devices and emerging markets piracy will lead Windows sales growth to lag already-weak PC shipment growth. Nomura (Buy) thinks activism (led by ValueAct?) is now more likely, and could drive shares higher. Some bright spots: SQL Server and System Center revenue grew 16% and 14% Y/Y; Lync revenue rose 30%; over 50% of the Fortune 500 is using Azure; and "Windows Phone" revenue (much of it consists of Android royalties) rose by $222M . (FQ4: I, II, III) (transcript)
• KCAP:
  KCAP Financial, Inc. Re-Adjourns Special Meeting of Stockholders to August 9, 2013
• JPM:
  JPMorgan Chase Announces Retirement of Two Directors from Its Board
• MSFT:
  Microsoft Corporation's Results Aren't That Bad
• GE:
  GE (GE +5.1%) soars following mixed headlines on its earnings report, but details showing 50 bps of margin improvement, growing orders, and backlogs surging $7B to an all-time high $223B (slide 3 of presentation). Margin improvement in H2 will be driven by the power and water business, says Jeff Immelt on the CC (the company has a goal of 70 bps for 2013, slide 5).
• AAPL:
  How To Play A Recovery In Apple? The Same Way One Profited Off The Boom
• OZM:
  Och-Ziff Capital Management Group LLC to Release 2013 Second Quarter Results and Announce 2013 Second Quarter Dividend on August 2, 2013
• MSFT:
  Microsoft - Despite Earnings Miss The Enterprise Business Remains Grossly Undervalued
• MSFT:
  Rays Of Hope In Microsoft's Disappointing Earnings Release Make Me Remain Bullish
• MSFT:
  A roundup of tech analyst ratings changes: 1) Microsoft (MSFT -9.2%) has been downgraded to Market Perform by Raymond James and Cowen following its FQ4 miss. 2) AMD (AMD -14.5%) has been downgraded to Underweight by Morgan Stanley, and to Underperform by Credit Suisse, following its Q2 beat. 3) Skyworks (SWKS +10.1%) has been upgraded to Buy by Needham following its FQ3 beat. 4) BlackBerry (BBRY +0.5%) has been upgraded to Market Perform by BMO. 5) IGT (IGT -4.2%) has been downgraded to Underperform by Credit Suisse. 6) SAP (SAP -1.3%) has been downgraded to Neutral by JPMorgan a day after posting a Q2 miss. 7) Ultratech has been downgraded to Hold by Noble Financial.
• AAPL:
  Apple (AAPL) makes another Maps-related acquisition, buying Canadian startup Locationary for an undisclosed sum. Locationary has created a database that improves the accuracy of business/POI locations within mapping and local services platforms (Google Maps, Yelp, Foursquare, etc.). Apple has taken some shots regarding Maps' location data. The purchase comes 4 months after the company bought indoor mapping/positioning tech developer WiFiSlam. Tim Cook stated in May Apple had made 9 acquisitions in FY13, of which only 2 had been disclosed. (other mapping acquisitions: C3, Placebase, Poly9)
• MSFT:
  Premarket gainers: OXGN +28%. CLSN +13%. INFU +12%. SWKS +8%. Losers: ISRG -13%. AMD -14%. CYH -13%. ACTG -12%. MSFT -8%. RENN -7%.
• HLF:
  Today's Market: Turnarounds And Earnings Pushing These Shares Higher
• JPM:
  Planting Portfolio Hedges Around The Housing Recovery
• VOD:
  Vodafone Group Plc (VOD) CEO Discusses Interim Management Statement for the Quarter Ended 30 June 2013 (Transcript)
• GE:
  More on GE (GE) Q2: net profit rises slightly to $3.13B as revenues slip 4% to $35.1B; operating profit -8% to $3.7B. Orders +4%, U.S. orders +20%; Industrial segment growth market revenues +5%, segment margins +50 bps, with strong performance in six of seven segments. Emerging markets remain resilient, Europe is stabilizing but still challenged. GE expects margin expansion to continue and segment profits to grow in H2. Shares +1.8%. (PR)
• TMO:
  Harvard Bioscience Spin-Off Likely To Drive 50% Near-Term And 100%+ Long-Term Upside
• MSFT, AAPL:
  Wall Street Breakfast: Must-Know News
• GE:
  General Electric (GE): Q2 EPS of $0.36 beats by $0.01. Revenue of $35.1B misses by $0.48B. (PR)
• LO:
  3 High-Yielding Stocks That Have Raised Payouts By At Least 7% A Year For The

Disclosure: I am long DEO, FRO, MAT, MSFT, LULU, SXL, TJX, UNP, MMM, 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.