Market News
Daily Wrap: 12/17/12
Forbes - 17 Dec 2012 23:59
Stocks were strong all day on hopes for a deal to avoid the so-called fiscal cliff. President Obama met with top Republican John Boehner today. Boehner is reportedly willing to accept tax hikes on the very wealthy in a c...
Gold Buying 101
Forbes - 17 Dec 2012 23:23
The best ways to buy gold.
Analyst Moves: SPG, ORCL
Forbes - 17 Dec 2012 22:33
Simon Property Group (SPG) was upgraded from neutral to buy by Citigroup (C) with a price target of $173, as the company's outlet and mall assets should provide solid growth in terms of net operating income.
Lotus retain Grosjean for 2013 season
CNN - 17 Dec 2012 21:46
Lotus retain their controversial driver Romain Grosjean for the 2013 Formula One campaign.
Daily Dividend Report: RCII, NECB, ASBI, PFE, ABT
Forbes - 17 Dec 2012 21:36
Rent A Center Incorporated (RCII) announced its quarterly dividend of 21 cents per share, an increase of about 31% over its prior dividend in September of 16 cents. The rental furniture company said Monday that the divid...
Daily Dividend Report: ANH, WGL, AT, MTGE, AHT
Forbes - 17 Dec 2012 20:29
Anworth Mortgage Asset Corporation (ANH) maintained its quarterly dividend of 15 cents per share. The common stock dividend is payable on January 29, 2013 to common stockholders of record as of the close of business on D...
Allianz to Pay $12.4 Million Settlement
Wall Street Journal - 17 Dec 2012 20:17
The SEC said Allianz agreed to pay roughly $12.4 million to settle allegations of improper payments to government officials in Indonesia during a seven-year period.
Gold To Hit Historic Highs In 2013 On Fed QE, But It's 11-Year Rally Is In Jeopardy
Forbes - 17 Dec 2012 20:00GE to Buy Avio for €3 Billion
Wall Street Journal - 17 Dec 2012 19:47
General Electric is on the verge of finalizing a deal to buy Italian aerospace group Avio for as much as €3 billion ($4 billion), according to people familiar with the negotiations.
Analyst Moves: THC, PPG
Forbes - 17 Dec 2012 19:03
Tenet Healthcare (THC) was upgraded to buy from hold with a price target of $38 by Deutsche Bank (DB) due to improving margins and a better business mix.
Daily Dividend Report: AGNC, SRE, ZMH, INGR, IVR
Forbes - 17 Dec 2012 18:52
American Capital Agency Corporation (AGNC) maintained its quarterly dividend of 1 dollar and 25 cents per share. The dividend is payable on January 28, 2013 to common shareholders of record as of December 27, 2012, with ...
Forbes Earnings Preview: Cintas
Forbes - 17 Dec 2012 18:51
Optimism surrounds Cintas (CTAS), as it gets ready to report its second quarter results on Thursday, December 20, 2012. Analysts are expecting the company to book a profit of 63 cents a share, up from 57 cents a year ago...
Forbes Earnings Preview: Darden Restaurants
Forbes - 17 Dec 2012 18:50
Analysts have become increasingly bearish on Darden Restaurants (DRI) in the month leading up to the company's second quarter earnings announcement scheduled for Thursday, December 20, 2012. The consensus analyst estimat...
Forbes Earnings Preview: ConAgra Foods
Forbes - 17 Dec 2012 18:49
Analysts expect higher profit for ConAgra Foods (CAG) when the company reports its second quarter results on Thursday, December 20, 2012. The consensus estimate is calling for profit of 55 cents a share, reflecting a ris...
Forbes Earnings Preview: Nike
Forbes - 17 Dec 2012 18:49
Nike (NKE) reports its second quarter earnings on Thursday, December 20, 2012.
Forbes Earnings Preview: Micron Technology
Forbes - 17 Dec 2012 18:49
Micron Technology (MU) reports its first quarter earnings on Thursday, December 20, 2012.
Forbes Earnings Preview: CarMax
Forbes - 17 Dec 2012 18:48
CarMax (KMX) reports its third quarter earnings on Thursday, December 20, 2012.
Forbes Earnings Preview: KB Home
Forbes - 17 Dec 2012 18:48
KB Home (KBH) is expected to report poor fourth quarter earnings on Thursday, December 20, 2012 with analysts expecting a 66.7% drop in earnings from a year ago. The consensus estimate is 6 cents per share, down from ear...
Forbes Earnings Preview: Rite Aid
Forbes - 17 Dec 2012 18:48
Rite Aid (RAD) is expected to book a narrower loss than a year ago when it reports third quarter earnings on Thursday, December 20, 2012 with analysts expecting a loss of 4 cents per share, up from a loss of 6 cents per ...
Forbes Earnings Preview: Discover Financial Services
Forbes - 17 Dec 2012 18:48
Wall Street is expecting higher profit for Discover Financial Services (DFS) when the company reports its fourth quarter results on Thursday, December 20, 2012. The consensus estimate is calling for profit of $1.12 a sha...
AIG to Sell Stake in Asia Life Insurer
Wall Street Journal - 17 Dec 2012 18:45
American International Group plans to raise as much as $6.5 billion by selling its stake in AIA, a fast-growing life insurer in Asia.