Market News Video
MNV MNV 10 Stocks Crossing Below Book Value

If the video does not load after a few moments, Upgrade to the Latest Flash Player.
MNV Backgroundemail friendsEmail Friendsembed / linkEmbed VideorssRSS Feed standaloneLaunch Standalone Player
Sponsored by: Try ValueForum, the premier value and income stock picking community. Learn about the $5.99 trial
QuoteThe best money I have EVER spent, is for membership. more testimonials »

Weekly Market Wrap: 6/10/2011
Friday, June 10, 5:31 PM ET

The twenty third trading week of the year comes to a close as investors are fretting about the increasing strength of the US Dollar.

Hi. I’m Sayoko Murase. Welcome to the “Weekly Market Wrap” for Friday June 10, 2011.

The S&P 500, Dow Jones Industrial Average, and NASDAQ were all lower for the week.

Crude oil futures were trading lower for the week in late Friday trading, down to about $99.35 per barrel.

Gold futures were lower for the week to around $1532.01 an ounce in afternoon trading.

In notable economic news this week, the number of people seeking unemployment benefits was little changed and remained weak for a second straight week, as applications rose by 1,000 to a seasonally adjusted 427,000 last week.

In corporate news this week, Dollar Thrifty Automotive Group (DTG) said today its board of directors is recommending that shareholders do not tender their shares in Hertz Global Holdings’ (NYSE:HTZ) tender offer to acquire the company. Hertz has offered $72 per share, with $57.60 in cash and the remainder in Hertz stock. Dollar Thrifty said that it is urging shareholders to take no action with respect to the exchange offer given the uncertainty surrounding the length and outcome of the regulatory process as the company works with both Hertz and Avis Budget Group (CAR) to obtain clearance for their respective bids to acquire the company. Dollar Thrifty said its board will reconsider its recommendation if the situation warrants.

General Electric (NYSE:GE) and Capital One Financial (NYSE:COF) reportedly submitted bids last week to acquire ING Group’s U.S. Online Bank. Bloomberg News reported the story, saying that the sale may raise as much as $9 billion, and an agreement may be reached as soon as this month. Bloomberg reports GE made an all-cash bid, while Capital One’s offer included stock. The online bank has $81.6 billion in deposits, $40.5 billion in mortgage loans and $19.9 billion in mortgage-backed securities, the report noted. Other potential suitors that have held talks with ING include Ally Financial, CIT Group (NYSE:CIT) and SJB National Bank, although these companies have either ended talks to put them on hold, Bloomberg said.

Auto aftermarket service and retail chain Pep Boys (NYSE:PBY) posted first quarter earnings late yesterday that fell short of analyst expectations. Profits totaled $12.4 million, or $0.23 per share, compared to $12 million, or $0.23 per share last year. Sales rose to $513.5 million, from $510 million last year, and same-store sells fell 0.6%. The company noted its balance sheet is well positioned to continue its aggressive growth. Pep Boys competes with companies like Advance Auto Parts (NYSE:AAP) and AutoZone (NYSE:AZO).

Citigroup (NYSE:C) confirmed that a computer breach may have compromised customer data. After questioning by the Financial Times, according to the newspaper, Citi admitted that a breach was discovered in early May during routine monitoring. 1% of its bank card customers were potentially affected. The data breach occurred at a database that holds basic customers information like names, account numbers, and email addresses, but not social security numbers and card security codes. Citi said it has contacted law enforcement officials about the breach, but did not say whether customers had reported suspicious transactions in the wake of the breach.

This is the “Weekly Market Wrap” for Friday June 10. Please join us on Monday for the “Week Ahead Market Report.”

For, I’m Sayoko Murase.

Weekly Market Wrap: 6/10/2011  picture
Monday 11/30 Insider Buying Report: WAIR, UVEMonday 11/30 Insider Buying Report: WAIR, UVE
Related symbols: WAIR,UVE
Wednesday 11/25 Insider Buying Report: ARESWednesday 11/25 Insider Buying Report: ARES
Related symbols: ARES
Tuesday 11/24 Insider Buying Report: ON, GPSTuesday 11/24 Insider Buying Report: ON, GPS
Related symbols: ON,GPS
10 Bargains You Can Buy Cheaper Than Insiders Did
Top Ranked Dividend Stocks With Insider Buying
10 Stocks Crossing Below Book Value
10 Oversold Stocks You Need To Know About
10 Stocks Crossing Above Their 200 Day Moving Average
10 Stocks Crossing Below Their 200 Day Moving Average
The 10 Most Popular Large-Caps in ETFs
The Top 10 DividendRank'ed DJIA Components
S&P 500 Movers: WRKS&P 500 Movers: WRK
Related symbols: WRK
Nasdaq 100 Movers: VIAB, VIPNasdaq 100 Movers: VIAB, VIP
Related symbols: VIAB,VIP
Dow Movers: NKE, MSFTDow Movers: NKE, MSFT
Related symbols: NKE,MSFT
Dow Analyst Moves: UNHDow Analyst Moves: UNH
Related symbols: UNH
Stock message boards
Self Directed Investor
The Warren Buffetts Next Door
S&P 500 Analyst Moves: NFXS&P 500 Analyst Moves: NFX
Related symbols: NFX
Dow Analyst Moves: UTXDow Analyst Moves: UTX
Related symbols: UTX
Monday Sector Laggards: Apparel Stores, Department StoresMonday Sector Laggards: Apparel Stores, Department Stores
Related symbols: ZUMZ,LULU,BIG,FIVE
Monday Sector Leaders: Rental, Leasing, & Royalty, Precious MetalsMonday Sector Leaders: Rental, Leasing, & Royalty, Precious Metals
Related symbols: NDRO,PER,HMY,EXK
Wednesday Sector Laggards: Electric Utilities, Agriculture & Farm ProductsWednesday Sector Laggards: Electric Utilities, Agriculture & Farm Products
Related symbols: GLBL,TERP,CRESY,AGRO
Monday's ETF with Unusual Volume: PEYMonday's ETF with Unusual Volume: PEY
Related symbols: PEY,T,KO,PPL,LMT
Monday's ETF Movers: OIH, IBBMonday's ETF Movers: OIH, IBB
Related symbols: CRR,TDW,XNPT,RLYP,IBB,OIH
XLE, GASL: Big ETF InflowsXLE, GASL: Big ETF Inflows
Related symbols: XLE,GASL,XOM,CVX,APC,AR
Daily Dividend Report: ARP, ETH, CASHDaily Dividend Report: ARP, ETH, CASH
Related symbols: ARP,ETH,CASH
Daily Dividend Report: MKC, WU, WR, INT, GES, CCBGDaily Dividend Report: MKC, WU, WR, INT, GES, CCBG
Related symbols: MKC,WU,WR,INT,GES,CCBG
Daily Dividend Report: BDX, HRL, VAL, LG, FGP, DSW, CHSDaily Dividend Report: BDX, HRL, VAL, LG, FGP, DSW, CHS
Related symbols: BDX,HRL,VAL,LG,FGP,DSW,CHS
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015Weekly Market Wrap: August 14, 2015
Related symbols: BAC,AMAT,AAPL,S,SYY
Weekly Market Wrap: August 7, 2015Weekly Market Wrap: August 7, 2015
Related symbols: SUNE,BAC,CHK,GRPN,AAPL
Weekly Market Wrap: July 31, 2015Weekly Market Wrap: July 31, 2015
Related symbols: BAC,MU,AAPL,SUNE,FB
Week Ahead Market Report: June 8, 2015Week Ahead Market Report: June 8, 2015
Related symbols: BAC,FTR,AAPL,INTC,MNKD
Week Ahead Market Report: May 18, 2015Week Ahead Market Report: May 18, 2015
Related symbols: BAC,AAPL,VALE,T
Week Ahead Market Report: May 4, 2015Week Ahead Market Report: May 4, 2015
Related symbols: BAC,AAPL,MSFT,ICLD,NOK
All videos » |  Stock market definitions »
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV MNV Chart Zero Stock Market Game Stock Market Definitions

Weekly Market Wrap: 6/10/2011 | Market News Video | Copyright © 2008 - 2015, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.