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Market News

Location American Market News for 12 December 2012

Daily Wrap: 12/12/12

Forbes - 12 Dec 2012 23:58
The markets held onto gains after the Federal Reserve's latest policy announcement which ramped up its stimulus to the economy.
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Harvard Bioscience (HBIO), a global developer, manufacturer and marketer of a broad range of tools to advance life science research and regenerative medicine, announced that its wholly-owned subsidiary, Harvard Apparatus...
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Why Stephen Schwarzman Hates Insider Trading Blackstone Group co-founder Stephen Schwarzman appeared on a panel at DealBook's Opportunities For Tomorrow Conference Wednesday with fellow billionaires Ray Dalio and David Rubenstein, and after offering a take on persp...
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(Kitco News) - Plans by the Federal Open Market Committee to ramp up its bond-buying program should be supportive for the gold market since it shows policy-setters remain committed to low interest rates and the U.S. d...
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Analyst Moves: FMC, KEY, LVNTA, LAZ

Forbes - 12 Dec 2012 22:31
FMC (FMC) had its estimates and price target increased by Keybanc (KEY) as the company should be able to consistently grow during the next few years. A $71 price target was issued with a buy rating.
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Analyst Moves: VOLC, DD

Forbes - 12 Dec 2012 22:07
Volcano (VOLC) was downgraded by Credit Suisse (CS) to neutral from outperform with a price target of $32, as the company has sold new debt, which may lead to acquisitions.
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Brandywine Realty Trust (BDN) maintained its quarterly dividend of 15 cents per share. The dividend is payable on January 18, 2013 to holders of record on January 4, 2013.
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(Kitco News) - Comex gold futures prices were trading modestly higher and near the middle of the day’s trading range in afternoon trading Wednesday. Gold and silver got a boost from a weaker U.S. dollar index a...
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888 Holdings climbs on Facebook agreement

Telegraph - 12 Dec 2012 21:41
888 Holdings climbs on Facebook agreement 888 kept dealers busy while wider market activity remained muted.
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General Mills Incorporated (GIS) maintained its quarterly dividend of 33 cents per share. The dividend is payable on February 1, 2013, to shareholders of record January 10, 2013.
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Treasurys Sink After Fed Decision

Wall Street Journal - 12 Dec 2012 21:03
Treasury prices tumbled after the Fed committed to more bond purchases.
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Analyst Moves: ABM, AGCO

Forbes - 12 Dec 2012 20:47
ABM Industries (ABM) was upgraded at Keybanc (KEY) to buy from hold with a price target of $25 as expectations for the company have bottomed and the situation should only improve from here.
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U.S. May Give Way on Swaps Rules

Wall Street Journal - 12 Dec 2012 20:21
The CFTC may temporarily narrow its definition of "U.S. persons" to give Wall Street and firms more time to adjust to U.S. rules, and regulators around the world more time to work out their differences.
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FTSE 100 will surge 8pc in 2013, says LGIM

Telegraph - 12 Dec 2012 20:04
FTSE 100 will surge 8pc in 2013, says LGIM Investment manager says stocks will rise despite lacklustre growth.
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QE4 Is Here: Bernanke Delivers $85B-A-Month Until Unemployment Falls Below 6.5% Ben Bernanke continues to make history at the Federal Reserve.  On Wednesday, the FOMC announced more quantitative easing at a rate of $85 billion a month for an extended period of time.  The Bernanke Fed has also ...
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Facebook Makes Nasdaq-100 Debut

Wall Street Journal - 12 Dec 2012 19:43
Facebook made a lackluster debut in the Nasdaq-100 Index, as stock in the social network tilted lower.
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Do-It-Yourself Dividends From Total Return Investing At the time, nobody knew better so we can forgive them. They did the best they could under the prevailing knowledge. Dividends and interest were much higher for your grandfather than they are today, so, while far from pe...
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12 Safe Dividend Stocks For The Market Storm High-yielding dividend stocks for opportunistic investors.
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Analyst Moves: EOG, JPM, PM, MO, USB

Forbes - 12 Dec 2012 19:12
EOG Resources Incorporated (EOG) maintained its quarterly dividend of 17 cents per share. The dividend is payable January 31, 2013, to stockholders of record as of January 17, 2013.
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China Funds Gaining Favor on Growth Hopes

Wall Street Journal - 12 Dec 2012 19:07
While China's brightening economic outlook is luring new money into funds that focus on that country's stocks, many portfolio managers aren't yet fully convinced.
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SolarCity Delays IPO, Lowers Expectations

Wall Street Journal - 12 Dec 2012 18:50
Solar-panel firm SolarCity will look to launch its IPO Thursday, a day later than anticipated, and at a share price well below earlier targets.
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In trading on Wednesday, education & training services shares were relative leaders, up on the day by about 2.5%. Leading the group were shares of ATA (ATAI), up about 10.5% and shares of Career Education (CECO) up about...
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