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Market News

Location American Market News for 24 October 2012

Analyst Moves: ALTR, UTHR

Forbes - 24 Oct 2012 22:31
Altera (ALTR) had its estimates and price target reduced by BMO (BMO) as the company had been experiencing lower sales. A $38 price target was set with an outperform rating.
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Forbes Earnings Preview: Life Technologies

Forbes - 25 Oct 2012 01:55
Despite an expected dip in profit, analysts are generally optimistic about Life Technologies (LIFE) as it prepares to reports its third quarter earnings on Monday, October 29, 2012.
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Forbes Earnings Preview: Leggett & Platt

Forbes - 25 Oct 2012 01:55
Wall Street is high on Leggett & Platt (LEG), expecting it to report earnings that are up 22.6% from a year ago when it reports its third quarter earnings on Monday, October 29, 2012. The consensus estimate is 38 cents p...
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Forbes Earnings Preview: Anadarko Petroleum

Forbes - 25 Oct 2012 01:55
Optimism surrounds Anadarko Petroleum (APC), as it gets ready to report its third quarter results on Monday, October 29, 2012. Analysts are expecting the company to book a profit of 75 cents a share, up from 65 cents a y...
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Hong Kong Holds Lid on Its Dollar

Wall Street Journal - 25 Oct 2012 01:27
Hong Kong's banking system is awash in cash, pushing lending rates down and threatening to push up property prices, as the de facto central bank continues to intervene in the currency market.
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KAR Auction Services Larger Than S&P 500 Component Teradyne In the latest look at stocks ordered by largest market capitalization, Russell 3000 component KAR Auction Services Inc. (NYSE: KAR) was identified as having a larger market cap than the smaller end of the S&P 500, for ex...
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Jones Lang LaSalle Larger Than S&P 500 Component Legg Mason In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Jones Lang LaSalle Inc (NYSE: JLL) was identified as having a larger market cap than the smaller end of the S&P 500, for examp...
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Piedmont Natural Gas Larger Than S&P 500 Component Apollo Group In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Piedmont Natural Gas Co., Inc. (NYSE: PNY) was identified as having a larger market cap than the smaller end of the S&P 500, f...
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Tempur-Pedic International Larger Than S&P 500 Component Lexmark International In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Tempur-Pedic International Inc (NYSE: TPX) was identified as having a larger market cap than the smaller end of the S&P 500, f...
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Daily Wrap: 10/24/2012

Forbes - 25 Oct 2012 00:00
Better than expected housing data and positive earnings reports gave investors reason to be optimistic as the markets made a bit of a recovery today.
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Save Money And Hassle With Do-It-Yourself Annuities The number one financial concern for most Americans as they approach retirement is not running out of money. So, when a smooth talking devil presents a guaranteed income you can never outlive, it’s got to sound pr...
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Eight Reasons Retirees Don't Buy Annuities

Forbes - 24 Oct 2012 23:59
Eight Reasons Retirees Don't Buy Annuities Economists love annuities, but retirees just won't buy them. Here's why.
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General Dynamics Announces Earnings

Forbes - 24 Oct 2012 23:58
General Dynamics (GD) announced that third quarter profit fell by 8 percent due to higher costs offsetting an increase in revenue. The company earned $600 million, or $1.70 per share, down from $652 million, or $1.80 per...
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Reckitt Benckiser rises on polished performance

Telegraph - 24 Oct 2012 22:39
Reckitt Benckiser rises on polished performance Shares in the FTSE 100 group surged to a record high in trading today.
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Analyst Moves: DLTR, MYGN

Forbes - 24 Oct 2012 22:22
Dollar Tree (DLTR) was upgraded by Goldman Sachs (GS) to buy from neutral with a price target of $48 as the firm believes that the stock has been oversold.
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Harman International And Express Stocks Look Ready For Rebound, Says Activist Investor Eric Heyman, Co-manager, Olstein Strategic Opportunities Fund
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World's Most Important Banks

Forbes - 24 Oct 2012 20:45
World's Most Important Banks An international banking watchdog affiliated to the G20, the FIB, released a list of the most important financial institutions it will force to hold more capital, including 17 European banks, 8 U.S. ones, three Japanese,...
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What's Next for 2012's Top Sectors?

Forbes - 24 Oct 2012 20:37
What's Next for 2012's Top Sectors? The recent market turbulence has shaken investor confidence but have the market-leading sectors changed? MoneyShow's Tom Aspray evaluates the sectors to determine which ones are likely to continue outperforming the S&P 5...
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Analyst Moves: APD, CTCM

Forbes - 24 Oct 2012 20:14
Air Products (APD) was downgraded by Keybanc (KEY) to hold from buy due to a lack of near term catalysts, and lower earnings.
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Analyst Moves: CHKP, FB

Forbes - 24 Oct 2012 19:56
Check Point (CHKP) was upgraded by Bank of America/Merrill Lynch (BAC) to buy from neutral with a price target of $52, as the stock is down by 32% from its high and several catalysts exist to drive the price higher.
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By Allen Sykora Of Kitco News
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Payroll giant ADP will expand and change the formulation of its monthly employment data after several months of questions about the figures' accuracy.
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