Market News
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...
Suitors Sweet On Hostess Line Up, But Company Will Try Once More To Stop Shutdown
Forbes - 19 Nov 2012 23:12Apple: Still A Hedge Fund Haven, But Top Managers Pared Bets In Q3
Forbes - 19 Nov 2012 23:05Loonie, 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...
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 ...
Daily Dividend Report: UGI, TW, GPI, CATY, LANC
Forbes - 19 Nov 2012 22:06
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.
Why Apple Touching Bottom Is The Wrong Question To Ask
Forbes - 19 Nov 2012 22:05Analyst 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.
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.
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.
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.
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.
'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.