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Market News

Location American Market News for 4 December 2012

Daily Wrap: 12/4/2012

Forbes - 4 Dec 2012 23:52
Stocks traded mostly flat today over lingering worries over the fiscal cliff.
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Corporate Executive Board Future Brighter Than Past Corporate Executive Board Company (CEB - Snapshot Report) has now delivered 5 straight positive earnings surprises with an average beat of more than 26%. Its third-quarter report from early November also included a raise...
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Gupta to Remain Free Pending Insider Appeal

Wall Street Journal - 4 Dec 2012 22:43
Former Goldman Sachs director Rajat Gupta will remain free on bail, possibly for several years, while he makes a bid to appeal his conviction on insider-trading charges.
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Why Going Over The Fiscal Cliff Makes Sense To Politicians We are presently inundated with speculation about the economy going over the ‘fiscal cliff’ if Congress and the president don’t come to terms by December 31. Contrary to all the speculation, I donâ�...
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12 Stocks To Buy In 2013

Forbes - 4 Dec 2012 22:16
12 Stocks To Buy In 2013 Top advisors offer up their best ideas for 2013.
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Tide Shifts on China's U.S. Listings

Wall Street Journal - 4 Dec 2012 22:08
As interest in U.S.-listed Chinese companies wanes, investment banks that were instrumental in steering firms onto the U.S. exchanges are helping to take some of the businesses private again.
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Gold Settles Below $1,700

Wall Street Journal - 4 Dec 2012 21:44
Gold slumped to a four-week low, settling below $1,700 an ounce after its second sudden selloff in less than a week.
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Vail Resorts (MTN) announced that its loss increased in the fiscal fourth quarter, and warned that the company may not meet earnings expections for the year. The company said it lost $60.6 million, or $1.70 per share, fo...
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Pep Boys Announces Earnings

Forbes - 4 Dec 2012 21:16
Pep Boys — Manny, Moe & Jack (PBY) shares were lower after the company announced a loss due to increased costs and lower sales.
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Analyst Moves: RY, TD

Forbes - 4 Dec 2012 21:01
Royal Bank of Canada (RY) was initiated with a buy rating by Citigroup (C) as the firm believes that the bank is better positioned than the market believes. A $67 price target was issued.
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Analyst Moves: IACI, PNM

Forbes - 4 Dec 2012 19:45
IAC/InterActiveCorp (IACI) was downgraded by Goldman Sachs (GS) to sell with a price target of $42 due to increasing competition in the search business.
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Apple Joins America's Biggest Dividend Payers iPad-maker to shell out $2.65 per share to investors starting in fiscal Q4.
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Apple Earnings Will Grow, Just Don't Expect The Market To Pay A Fatter Premium With the holiday shopping season underway, Apple bulls are surely counting on iPads and iPhones flying off the shelves. A year-ending  surge in sales may do a lot for the bottom line, but one analyst warns that invest...
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Stocks With Double-Digits Earnings Growth Key To Strong Portfolio Sonu Kalra, Portfolio Manager, Fidelity Blue Chip Growth Fund
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Silver Bay Realty Trust announced today that it has commenced an IPO of 13,250,000 shares of common stock at an anticipated initial public offering price of between $18.00 and $20.00 per share. In addition, the underwrit...
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Questcor Pharmaceuticals Incorporated (QCOR) maintained its quarterly dividend of 20 cents per share. The dividend we be paid around December 21 to shareholders of record on December 14. The company moved up the dividend...
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Rally Gets A Rest As Apple And Google Slip A Bit Stocks have fluctuated around both sides of the flat line this morning, with the SPY down 0.1% just before 11:00 a.m. after yesterday’s bearish outside day/red dog reversal.  The oscillator is still overbought ...
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In trading on Tuesday, sporting goods & activities shares were relative laggards, down on the day by about 1.2%. Helping drag down the group were shares of Vail Resorts (MTN), down about 9.2% and shares of Six Flags Ente...
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2 Tech Giants with Ugly Charts

Forbes - 4 Dec 2012 17:48
2 Tech Giants with Ugly Charts The monthly charts of two tech giants have deteriorated further, says MoneyShow’s Tom Aspray, and despite their attractive yields they are likely to underperform the S&P 500.
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Toll Brothers Announces Earnings

Forbes - 4 Dec 2012 15:54
Toll Brothers (TOL) announced that it earned $411.4 million or $2.35 per share, in the fiscal fourth quarter, versus $15 million, or 9 cents per share, in the same period last year, mainly due to a $350.7 million tax ben...
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This is BIG: The SEC -- At Last -- Takes the Lid Off China Stock Scams Few episodes illustrate more clearly the pig's ear the United States has been making of globalization than the scandal of "red collar crime." The phrase  has been  coined by my Forbes colleague Joshua Brown to desc...
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(Kitco News) - Comex gold futures prices are solidly lower in early trading Tuesday and hit a fresh four-week low of $1,698.50, basis the active February contract. Fresh technical selling pressure that started in thin...
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