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Market News

Location American Market News for 14 December 2012

Forbes Earnings Preview: Accenture

Forbes - 14 Dec 2012 23:29
Accenture (ACN) reports its first quarter earnings on Wednesday, December 19, 2012.
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Forbes Earnings Preview: General Mills

Forbes - 14 Dec 2012 23:28
General Mills (GIS) is just 13 cents off from its 52-week high of $41.62 per share as it prepares to report its second quarter earnings on Wednesday, December 19, 2012.
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Forbes Earnings Preview: Paychex

Forbes - 14 Dec 2012 23:28
Paychex (PAYX) reports its second quarter earnings on Wednesday, December 19, 2012.
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Forbes Earnings Preview: Jabil Circuit

Forbes - 14 Dec 2012 23:28
Analysts foresee Jabil Circuit (JBL) announcing decreased profits on Wednesday, December 19, 2012, when it reports its first quarter earnings. Despite this, they are generally optimistic about the stock.
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Forbes Earnings Preview: Bed Bath & Beyond

Forbes - 14 Dec 2012 23:28
Share prices of Bed Bath & Beyond's (BBBY) stock have fallen 17.8% during the last three months and closed at $58.16 on December 13, 2012. On Wednesday, December 19, 2012 Bed Bath & Beyond (BBBY) can help stop the slide ...
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Analyst Moves: ADBE, SIX

Forbes - 14 Dec 2012 22:21
Adobe Systems (ADBE) was upgraded by JMP (JMP) to outperform from underperform with a $42 price target, as the company has been growing its cloud based computing services business.
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Analyst Moves: AAPL, JEF

Forbes - 14 Dec 2012 22:04
Apple (AAPL) had its numbers cut by UBS (UBS) due to slowing iPhone build rates. A $700 price target was issued with a buy rating.
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FSA examines personal share trades at WH Ireland

Telegraph - 14 Dec 2012 21:38
FSA examines personal share trades at WH Ireland The Financial Services Authority is understood to be looking into share dealings at WH Ireland, following the surprise exit of the stockbroker's chief executive.
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Cimarex Energy Company (XEC) maintained its quarterly dividend of 12 cents per share. The dividend is payable on March 1, 2013 to stockholders of record on February 15, 2013.
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In a recent interview with Forbes, AQR Capital Management co-founder Cliff Asness explained why not everything hedge funds (or any asset managers) offer are worth premium fees. For the first half of our conversation, see...
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Smiths shares supported by disposal speculation

Telegraph - 14 Dec 2012 21:10
Smiths shares supported by disposal speculation Group could soon make disposal, Deutsche Bank analysts said.
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Analyst Moves: CVS, PSX

Forbes - 14 Dec 2012 20:38
CVS Caremark (CVS) had its numbers increased by Lazard (LAZ) after the company boosted guidance. A $48.50 price target was set with a buy rating.
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LSE may cut offer for LCH.Clearnet by £180m

Telegraph - 14 Dec 2012 20:33
LSE may cut offer for LCH.Clearnet by £180m The London Stock Exchange is haggling to change the terms of its agreed €463m (£376m) acquisition of a majority stake in the clearing house LCH.Clearnet, reportedly seeking to reduce the buy-out price by as much...
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Analyst Moves: ESV, WYNN

Forbes - 14 Dec 2012 20:21
Ensco (ESV) was upgraded by Jefferies (JEF) from hold to buy with a price target of $70 as the company has strong free cash flow.
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Jeff Gundlach: 3 Ways to Profit from the Coming Financial Catastrophe Bond Guru and DoubleLine Capital Co-Founder Jeff Gundlach has been making headlines in Bloomberg and other places recently with his prediction that there is a “financial catastrophe coming”.  O...
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12 Stocks To Avoid In 2013

Forbes - 14 Dec 2012 19:33
12 Stocks To Avoid In 2013 Top advisors say these 12 stocks and ETFs are headed for a fall.
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How To Market Time The Fiscal Cliff

Forbes - 14 Dec 2012 19:33
How To Market Time The Fiscal Cliff “If you don’t have time to do it right, when will you have time to do it over?”  - John Wooden
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18% Returns This Year? This Fund Did It With Global Winners Like Brasil Foods, Weight Watchers And More W. Vinson Walden, CFA, Managing Director and Co-Portfolio Manager, Thornburg Investment Management Inc
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In trading on Friday, non-precious metals & non-metallic mining shares were relative leaders, up on the day by about 1.3%. Leading the group were shares of Aluminum China Limited (ACH), up about 4.5% and shares of AK Ste...
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Is Sub-Three Percent Economic Growth the 'New Norm?' Just as much of the emphasis of the political discourse in Washington has been on the economy of late, a great deal of our investment decisions is influenced by our views on both the current state of the economy and our ...
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Treasury Completes Sale of AIG Stock

Wall Street Journal - 14 Dec 2012 18:41
The U.S. Treasury said it completed the sale of American International Group common stock, dispensing with its remaining 234 million shares at a price of $32.50 per share.
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In trading on Friday, music & electronics stores shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Best Buy (BBY), down about 12.8% and shares of Conns (CONN) off ab...
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