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Market News

Location American Market News for 20 December 2012

Daily Wrap: 12/20/12

Forbes - 20 Dec 2012 23:54
The markets were flat today after a mixed open as ongoing concerns over the fiscal cliff kept stocks under pressure, despite some positive signs for the economy.
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Carmax Announces Earnings

Forbes - 20 Dec 2012 23:50
CarMax (KMX) announced third quarter earnings that beat analyst estimates on Thursday. Earnings per share are the used car company increased by 14% to 41 cents, or $345.2 million, beating estimates by 2 cents. Revenue in...
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Initial Claims Increase; GDP Higher

Forbes - 20 Dec 2012 22:55
The number of Americans filing first-time claims for unemployment insurance payments rose for the first time in five weeks. According to the Labor Department, applications for jobless benefits increased by 17,000 to 361,...
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Liffe is the meaning of New York exchange bid

Telegraph - 20 Dec 2012 22:31
Liffe is the meaning of New York exchange bid Fixing Britain's banks is, of course, a priority. But the danger has always been that in doing so, we damage the wider financial services industry, which is one of our world beaters.
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Buy Float Shrink And Tech Stocks Whether Market Cracks Or Not Over the past year I have said many times that I expect the stock market to crash at some point in time, the only question is when. That does not mean I do not own and buy stocks.
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12 Stocks To Avoid In 2013

Forbes - 20 Dec 2012 22:30
12 Stocks To Avoid In 2013 Top advisors say these 12 stocks and ETFs are headed for a fall.
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USANA Stock Gets Tarred By HerbaLife Brush

Forbes - 20 Dec 2012 22:29
USANA Stock Gets Tarred By HerbaLife Brush USANA Health Sciences Inc. (USNA - Snapshot Report) shares are down nearly 4% on Thursday as Bill Ackman levied accusations of being a pyramid scheme on HerbaLife.  With and a long-term expected earnings growth rate o...
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London's Liffe the prize as US exchange swoops in $8.2bn deal London's status as a world financial capital has received a major boost after a US exchange paid billions of dollars to help secure control of Liffe, the City's largest derivatives market.
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Analyst Moves: BLK, FLIR

Forbes - 20 Dec 2012 22:10
Blackrock (BLK) was initiated with a rating of overweight by JP Morgan (JPM), as the firm believes that Blackrock's fixed-income and equity ETFs will provide growth.
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Cirrus Logic Valued Too Cheaply For Scorching Growth Pace Cirrus Logic Inc. (CRUS - Snapshot Report) delivered a more than 7% positive surprise in its fiscal second quarter, which helped this fabless semiconductor company become a Zacks #1 Rank (Strong Buy) on November 28. It a...
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CIS Acquisition Announces its IPO

Forbes - 20 Dec 2012 21:59
CIS Acquisition (CISAU) announced the pricing of its IPO and commencement of public trading on December 19, 2012. The initial public offering was of an aggregate of 4,000,000 units at $10.00 per unit. Each unit consists ...
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GameStop Has Another Life Left

Forbes - 20 Dec 2012 21:19
GameStop Has Another Life Left GameStop (GME - Analyst Report) shares are down nearly 5% on Thursday amid calls to restrict the sales of violent video games.  The stock still looks good, though, with a healthy dividend yield of 3.6% and a long-term...
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The Biggest U.S. IPOs Of The Last 25 Years

Forbes - 20 Dec 2012 20:57
The Biggest U.S. IPOs Of The Last 25 Years Facebook's splashy debut raised the second-most money of any American company since 1986.
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Options Players Wager Big On Herbalife With Ackman On The Attack Today’s tickers: HLF, ILMN & WSM
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12 Stocks To Buy In 2013

Forbes - 20 Dec 2012 20:43
12 Stocks To Buy In 2013 Top advisors offer up their best ideas for 2013.
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Lithia Motors Stock Quite The Spritely LAD

Forbes - 20 Dec 2012 20:43
Lithia Motors Stock Quite The Spritely LAD Lithia Motors Inc. (LAD - Snapshot Report) recently delivered the highest quarterly EPS in its history. This automotive retailer has now beaten earnings estimates for 11 straight quarters, and also raised its outlook for...
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ResMed Breathes Easy In Rarefied Air

Forbes - 20 Dec 2012 20:24
ResMed Breathes Easy In Rarefied Air ResMed (RMD - Snapshot Report) reached its all-time high of $42.92 on December 12, riding on growing demand for sleep therapy products worldwide and a robust fiscal first-quarter performance. These solid results boosted ...
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Analyst Moves: CVS, FCX

Forbes - 20 Dec 2012 20:10
CVS Caremark (CVS) had its numbers increased by Jefferies (JEF) as the firm believes that the company can grow margins, and continue share buybacks. A $58 price target was set with a buy rating.
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Are New Leaders In China And Japan On A Crash Course To War? Recent leadership changes in China and Japan may put the two countries on the path to extended conflict.
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Scholastic Corporation (SCHL) maintained its quarterly dividend of 12.5 cents per share. The dividend is payable on March 15, 2013 to all shareholders of record as of the close of business on January 31, 2013.
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In trading on Thursday, credit services & lending shares were relative leaders, up on the day by about 1.7%. Leading the group were shares of Roma Financial (ROMA), up about 63.1% and shares of Security National Financia...
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In trading on Thursday, music & electronics stores shares were relative laggards, down on the day by about 1.7%. Helping drag down the group were shares of Hhgregg (HGG), down about 4.7% and shares of Gamestop Holding (G...
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