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MOST NOTEWORTHY: Enterprise Software Sector, NewMarket and Great Plans Energy were today's noteworthy initiations:
- Stanford believes Software companies could be better positioned to withstand an economic slowdown than most believe, but feels demand is positioned to slow in 2008. They are "somewhat cautious" on the sector and initiated coverage of Microsoft (NASDAQ:MSFT) and McAfee (NYSE:MFE) with Buy ratings and Symantec (NASDAQ:SYMC) with a Hold rating.
- Oppenheimer initiated NewMarket (NYSE:NEU) with an Outperform rating and $68 target, as they believes it is an underfollowed specialty chemical company with improving fundamentals and low investor expectations. They think the company's free cash flow could fuel large share buybacks and strategic acquisitions.
- Great Plains Energy (NYSE:GXP) was started with an Outperform rating at Wachovia, as they are positive on the company's strong rate base growth and valuation.
OTHER INITIATIONS:
- Time Warner Cable (NYSE:TWC) was initiated with a Neutral rating at Cowen.
- Nokia (NYSE:NOK) was initiated with an Above Average rating at Caris.
- Broadpoint started Take-Two (NASDAQ:TTWO) with a Buy rating and $20 target.
Closing Bell: What sell-off? (AIG, ABK, EPR, MBI, JAVA, ORCL, ERTS)
Chasing Value: 2009 blazing picks -- Q3 review 
Happy holidays! Google giving away free Wi-Fi 
