Market News

Stocks were mixed as investors were hesitant in light of the debt ceiling crisis. President Obama still unwilling to cut federal spending. Instead, pressuring Congress to just raise the amount of debt the nation is allow...

Scripps Networks (SNI) had its estimates cut and was downgraded by Deutsche Bank (DB) to hold from buy with a price target of $65 due to lower ratings.

Deere (DE) was upgraded by JP Morgan (JPM) to neutral from underweight with a price target of $90 due to balanced global fundamentals.

UPS said it has abandoned its $6.9 billion bid to take over Dutch parcel-delivery company TNT Express after encountering unexpectedly stiff objections to the deal from the European Commission.

American Express (AXP) was downgraded by Goldman Sachs (GS) to neutral from buy with a price target of $65 due to the potential for limited earnings upside.

The dollar turned down against the euro and gained on the yen, which is suffering under reports the Bank of Japan will give in to government pressure to raise its inflation target.

PPG Industries (PPG) announced that it earned $1.53 per share in the fourth quarter, excluding one-time charges, matching estimates. Adjusted earnings exclude charges associated with acquisitions and the spin off of the ...

H&R Block (HRB) was downgraded by Morgan Stanley (MS) to equal weight from underweight with a price target of $17 due to IRS delays and a recent run up in the stock price that limits near term upside.

Analog Devices (ADI) was upgraded by Credit Suisse (CS) to outperform from neutral with a price target of $48, as end market demand should improve in 2013.

Aon (AON) maintained its quarterly dividend of 15.75 cents per share. The dividend is payable on February 15, 2013 to shareholders of record on February 1, 2013.

The CEO of Peregrine Financial, Russell Wasendorf Sr., will be sentenced on Jan. 31 after pleading guilty to a nearly 20-year fraud and embezzlement scheme.

In trading on Monday, precious metals shares were relative leaders, up on the day by about 0.9%. Leading the group were shares of Aurizon Mines Limited (AZK), up about 33.6% and shares of Harry Winston Diamond (HWD) up a...

In trading on Monday, music & electronics stores shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Hhgregg (HGG), down about 10.5% and shares of Conns (CONN) off abo...

Leading up to PNC Financial Services' (PNC) announcement of its fourth quarter earnings on Thursday, January 17, 2013 analysts have become more wary as expectations have fallen over the past month to earnings of $1.40 pe...

Wall Street is expecting higher profit for People's United Financial (PBCT) when the company reports its fourth quarter results on Thursday, January 17, 2013. The consensus estimate is calling for profit of 19 cents a sh...

Expectations have dropped for Capital One Financial's (COF) fourth quarter results in the month leading up to the company's earnings announcement slated for Thursday, January 17, 2013. The consensus analyst estimate has ...

UnitedHealth Group (UNH) reports its fourth quarter earnings on Thursday, January 17, 2013.

Optimism surrounds Huntington Bancshares (HBAN), as it gets ready to report its fourth quarter results on Thursday, January 17, 2013. Analysts are expecting the company to book a profit of 17 cents a share, up from 14 ce...

Analysts expect higher profit for Amphenol (APH) when the company reports its fourth quarter results on Thursday, January 17, 2013. The consensus estimate is calling for profit of 90 cents a share, reflecting a rise from...

Analysts have become increasingly bearish on Citigroup (C) in the month leading up to the company's fourth quarter earnings announcement scheduled for Thursday, January 17, 2013. The consensus analyst estimate has moved ...

Wall Street is high on Fifth Third Bancorp (FITB), expecting it to report earnings that are up 27.3% from a year ago when it reports its fourth quarter earnings on Thursday, January 17, 2013. The consensus estimate is 42...

Wall Street is expecting higher profit for Fastenal (FAST) when the company reports its fourth quarter results on Thursday, January 17, 2013. The consensus estimate is calling for profit of 33 cents a share, a rise from ...