Market News
Daily Wrap: 2/5/2013
Forbes - 5 Feb 2013 23:49
The markets opened higher today and remained in positive territory after an encouraging economic report.
S&P Says Dell Downgrade Coming After Debt-Fueled $24B Buyout
Forbes - 5 Feb 2013 23:12Cardinal Health Announces Earnings
Forbes - 5 Feb 2013 23:12
Cardinal Health (CAH) announced that second fiscal quarter 2013 earnings were 93 cents per share, beating estimates of 85 cents per share. The company earned 81 cents per share in the same period last year. Net earnings ...
Daily Dividends Report: MA, OTTR, TBNK, BKMU, TACT
Forbes - 5 Feb 2013 21:53
Mastercard (MA) announced its quarterly dividend of 60 cents per share, an increase of about 100% over its prior dividend in January of 30 cents. The company also said it would buy back up to $2 billion of its Class A sh...
Analyst Moves: AVB, YUM
Forbes - 5 Feb 2013 21:42
AvalonBay Communities (AVB) was downgraded by Jefferies (JEF) from buy to hold with a price target of $135 after the company announced a disappointing 2013 outlook.
Daily Dividend Report: BRS, NYX, TI, BR, TECH
Forbes - 5 Feb 2013 21:27
Bristow Group Incorporated (BRS) maintained its quarterly dividend of 20 cents per share. The dividend will be payable on March 15, 2013 to stockholders of record at the close of business on the Record Date.
Analyst Moves: NYCB, SWC
Forbes - 5 Feb 2013 20:58
New York Community Bancorp (NYCB) was upgraded by Morgan Stanley (MS) to overweight with a $15 price target as net interest margin has been holding up well and the company has undergone a restructuring of its debt.
Jupiter shares in demand on equities exposure
Telegraph - 5 Feb 2013 20:39
Barclays said the fund manager would benefit from investor demand for equities.
Analyst Moves: ALJ, KSS
Forbes - 5 Feb 2013 20:18
Alon USA (ALJ) was downgraded by Goldman Sachs (GS) to neutral from buy with a price target of $21 as the stock price has appreciated by more than 33% since December and may be due for a correction.
Daily Dividends Report: EMR, AGN, GG, DO, ABC
Forbes - 5 Feb 2013 19:01
Emerson Electric Company (EMR) maintained its quarterly dividend of 41 cents per share. The dividend is payable March 11, 2013, to stockholders of record February 15, 2013.
Sirius XM, Arch Coal Announce Earnings
Forbes - 5 Feb 2013 18:24
Sirius XM Radio (SIRI) announced that earnings during the fourth quarter more than doubled due to a growing subscriber base resulting in higher revenue. The company earned $156.2 million, or 2 cents per share, during the...
Forbes Earnings Preview: Entergy
Forbes - 5 Feb 2013 18:00
Entergy (ETR) reports its fourth quarter earnings on Friday, February 8, 2013.
Forbes Earnings Preview: Laboratory Corp. Of America
Forbes - 5 Feb 2013 18:00
Laboratory Corp. Of America (LH) reports its fourth quarter earnings on Friday, February 8, 2013.
Forbes Earnings Preview: Moody's
Forbes - 5 Feb 2013 17:59
Optimism surrounds Moody's (MCO), as it gets ready to report its fourth quarter results on Friday, February 8, 2013. Analysts are expecting the company to book a profit of 70 cents a share, up from 43 cents a year ago.
Tuesday Sector Leaders: Hospital & Medical Practitioners, Specialty Retail Stocks
Forbes - 5 Feb 2013 17:43
In trading on Tuesday, hospital & medical practitioners shares were relative leaders, up on the day by about 1.3%. Leading the group were shares of Five Star Quality Care (FVE), up about 3% and shares of Hca Holdings (HC...
Tuesday Sector Laggards: General Contractors & Builders, Metals & Mining Stocks
Forbes - 5 Feb 2013 17:43
In trading on Tuesday, general contractors & builders shares were relative laggards, down on the day by about 1.5%. Helping drag down the group were shares of Ryland Group (RYL), off about 3.3% and shares of Toll Brother...
The "Real" Reason to Buy This ETF
Forbes - 5 Feb 2013 17:25Archer Daniels Midland, Kellogg Announce Earnings
Forbes - 5 Feb 2013 15:51
Archer Daniels Midland (ADM) announced that it earned $510 million or 77 cents per share during the most recent fiscal quarter, up from $80 million, or 12 cents per share during the same period last year when it was unde...
Blue-chips stabilise after 100-point tumble
Telegraph - 5 Feb 2013 12:41
The FTSE 100 made up lost ground in early deals.
'The great rotation': why you should buy any shares
Telegraph - 5 Feb 2013 07:45
Diary of a Private Investor: It doesn't matter right now which shares one owns, the important thing is to be in shares at all, says James Bartholomew.
U.S. Sues S&P Over Ratings
Wall Street Journal - 5 Feb 2013 07:30
The Justice Department filed civil charges alleging wrongdoing by Standard & Poor's in its rating of mortgage bonds before the financial crisis erupted in 2008.
Chinese Firms Shrug at Rising Debt
Wall Street Journal - 5 Feb 2013 07:13
Chen Qiang runs a Chinese shipbuilding company that expects to post a net loss for 2012 and whose $4.5 billion in debt is six times what it was three years ago. But Mr. Chen is unfazed.