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Market News

Location American Market News for 19 November 2012

Daily Wrap: 11/19/12

Forbes - 19 Nov 2012 23:58
Stocks were sharply higher today after weekend talks had investors hopeful the fiscal cliff could be avoided. The Wall Street Journal reported that President Obama was reaching out to business leaders like JP Morgan Chas...
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Suitors Sweet On Hostess Line Up, But Company Will Try Once More To Stop Shutdown With potential buyers seeming to circle nearby, Hostess and its unions agreed to an eleventh hour mediation session in which the two sparing sides will try and strike a deal that will keep America's twinkies coming. More...
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Apple: Still A Hedge Fund Haven, But Top Managers Pared Bets In Q3 A number of top hedge fund managers dialed back their Apple holdings in Q3, just in time to avoid a slide that sent the stock tumbling from its all-time high.
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Loonie, Aussie to Get IMF's Reserve Status

Wall Street Journal - 19 Nov 2012 22:59
The International Monetary Fund is considering including Canadian and Australian dollars in its official currency-reserves report, inviting them into the exclusive club of the world's safest currencies and potentially bo...
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Lowe's Announces Earnings

Forbes - 19 Nov 2012 22:16
Lowe's (LOW) announced that net income for the third quarter was higher by 76 percent due to higher revenue and lower charges. The company earned $396 million, or 35 cents per share, versus $225 million, or 18 cents per ...
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UGI Corporation (UGI) maintained its quarterly dividend of 27 cents per share. The dividend is payable January 1, 2013 to shareholders of record as of December 14, 2012.
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Why Apple Touching Bottom Is The Wrong Question To Ask In early afternoon trading shares of Tech giant Apple are up almost $34 or 6% to $561. This has begun discussions of whether or not the stock has reached bottom after falling from its $705 high, which many bulls call ...
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Analyst Moves: FL, HP

Forbes - 19 Nov 2012 22:03
Foot Locker (FL) had its estimates increased by Citigroup (C) after it beat earnings. A $41 price target was issued with a buy rating.
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Analyst Moves: BRY, LYB

Forbes - 19 Nov 2012 21:56
Berry Petroleum (BRY) had its numbers lowered at Keybanc (KEY) since there are no short term catalysts to drive the price higher in the short term. A buy rating was issued with a $55 price target.
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Analyst Moves: MO, WSM

Forbes - 19 Nov 2012 20:48
Altria (MO) was upgraded by UBS (UBS) to neutral from buy with a price target of $36 due to the emergence of positive signals from the company.
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Analyst Moves: DMND, SINA

Forbes - 19 Nov 2012 20:26
Diamond Foods (DMND) was downgraded from hold to underpform by Jefferies (JEF) as the company still must answer questions with regards to its earnings restatement. A $10 price target was issued.
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Treasury to Sell $60 Billion

Wall Street Journal - 19 Nov 2012 19:38
The offerings comprise $40 billion in reopened four-week bills and $20 billion in 21-day securities.
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'Brazil suits Red Bull' insists Vettel

CNN - 19 Nov 2012 19:30
Sebastian Vettel insists the Interlagos circuit in Brazil that will host his Formula One title showdown with Fernando Alonso will suit Red Bull as he bids to secure a third successive world title.
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Notable ETF Outflow Detected - SH

Forbes - 19 Nov 2012 18:50
Notable ETF Outflow Detected - SH Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Proshares Short S&P500 (AMEX: SH) where we have detected an approximate $40.4 million doll...
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RSX, MBT, VIP, MTL: ETF Outflow Alert

Forbes - 19 Nov 2012 18:49
RSX, MBT, VIP, MTL: ETF Outflow Alert Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Russia ETF (AMEX: RSX) where we have detected an approximate $60.6 million dollar outflow ...
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Noteworthy ETF Outflows: VYM, T, PG, VZ

Forbes - 19 Nov 2012 18:49
Noteworthy ETF Outflows: VYM, T, PG, VZ Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard High Dividend Yield ETF (AMEX: VYM) where we have detected an approximate $38.2 m...
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Notable ETF Outflow Detected - ACWI

Forbes - 19 Nov 2012 18:48
Notable ETF Outflow Detected - ACWI Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI ACWI Index Fund (NASD: ACWI) where we have detected an approximate $45.0 mill...
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Notable ETF Outflow Detected - IEI

Forbes - 19 Nov 2012 18:47
Notable ETF Outflow Detected - IEI Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Barclays 3-7 Year Treasury Bond Fund (AMEX: IEI) where we have detected an approxi...
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iShares Barclays 1-3 Year Credit Bond Fund Experiences Big Outflow Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Barclays 1-3 Year Credit Bond Fund (AMEX: CSJ) where we have detected an approxima...
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Noteworthy ETF Outflows: SLV

Forbes - 19 Nov 2012 18:43
Noteworthy ETF Outflows: SLV Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Silver Trust (AMEX: SLV) where we have detected an approximate $93.7 million dolla...
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VTI, XOM, GE, CVX: Large Outflows Detected at ETF Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Total Stock Market ETF (AMEX: VTI) where we have detected an approximate $75.8 mi...
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Notable ETF Outflow Detected - AGG

Forbes - 19 Nov 2012 18:42
Notable ETF Outflow Detected - AGG Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core Total U.S. Bond Market ETF (AMEX: AGG) where we have detected an approximate ...
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