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Monthly Archives: May 2012

Existing Home Sales Rise 3.4%

“U.S. home resales rose in April to their highest annual rate in nearly two years and a falloff in foreclosures pushed prices higher, hopeful signs about the pace of recovery in the still-struggling housing sector.”

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Gapping Up and Down This Morning

Gapping up

BBY +6.8%, MDT +3.4%, VOD +3.1%, URBN +1.3%,

NDSN +8.8%, CSUN +6.8%, ALXN +3.5%, VOD +1.9%, CCL +1.8%, SHAW +1.6%,

EXTR +1.4%, URBN +1.3%, ATI +1.5% , DF +0.6%, ALXN +3.9%, CRNT +3.9%,

CHTP +4.8%, STM +6.9% ,  ISR +28.9%, CHK +2.3%, E +2.0%, EOG +1.1%,


Gapping down

NOK -5.3%, SLV -1.7%, EXPR -12.3%, AZO -2.6%, RL -2.3%,  HMPR -15.7%,

GOLD -1.2%, KGC -1%, ABX -0.9%, GLD -0.7%, MT -0.7%, GDX -0.7%, SLW -0.6%, GG -0.5%,

ONXX -2.3%,  AIZ -0.6%, NFX -0.6%

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Citigroup Issues a Caution Statement on Small and Mid Cap Companies


“(Reuters) – Citigroup said it has a cautious view on the U.S. small-and mid-cap companies on concerns over earnings pressure in the second half amid the euro zone crisis and the political uncertaintyin the United States.


Analyst Scott Chronert downgraded the small and mid-cap technology sector to “market weight”, saying expectations for margin improvement for the group may be tough to meet even as valuations remain attractive.”

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Best Buy Tops Bottom Line Estimates on Smartphone Sales, $BBY

Best Buy Co. (BBY), the largest U.S. consumer-electronics retailer, reported first-quarter profit that exceeded analysts’ estimates, helped by demand for smartphones.

Net income fell 25 percent to $158 million, or 46 cents a share, from $212 million, or 65 cents, a year earlier, the Richfield, Minnesota-based company said today in a statement. Profit excluding restructuring costs totaled 72 cents a share. Analysts projected 59 cents, the average of 22estimates compiled by Bloomberg.”

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Leading Indicators in China Give Investors Hope That Economic Expansion is Steady

“A leading index for China rose at the same pace in April as the prior month, offering investors some comfort that the world’s second-biggest economy may avoid a deeper slowdown.

The gauge increased 0.8 percent from March to 232.4, the New York-based Conference Board said in an e-mailed statement today, citing a preliminary reading. That compares with a 0.8 percent gain in March and 1 percent in February.”

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