Stock message boards
MNV
Market News Video
MNV MNV The 10 Most Popular Large-Caps in ETFs
MNV
MNV
MNV
MNV
MNV
MNV
MNV


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
QuoteThis is a wonderful investment site, period. more testimonials »

Weekly Market Wrap: 7/1/2011
Friday, July 1, 5:21 PM ET

Weekly Market Wrap: 7/1/2011

The twenty sixth trading week of the year comes to a close while investors seem not to fret about very much. The new quarter and July started on a very positive note, with the markets seeing their fifth day of gains on Friday following a release of positive manufacturing data.

Hi. I’m Sayoko Murase. Welcome to the “Weekly Market Wrap” for Friday July 1, 2011.

The S&P 500, the Dow Jones Industrial Average and the Nasdaq were all sharply higher for the week.

Crude oil futures were higher for the week in late Friday trading, up to about $94.71 per barrel.

Gold futures were lower for the week to around $1486.67 an ounce in afternoon trading.

In notable economic news this week, the pace of growth in manufacturing picked up with an index of national factory activity rising to 55.3 in June from 53.5 in May, according to data from the Institute for Supply Management.

In corporate news this week, University of Phoenix parent Apollo Group (NASDAQ:APOL) reported a gain in fiscal third quarter earnings late yesterday. Profits rose to $212.4 million, or $1.51 per share, from $179.3 million, or $1.18 per share, in last year’s third quarter. Revenue slid 7.6% to $1.24 billion. Both earnings per share and revenue exceeded analyst expectations. Apollo Group said it expects 2011 revenue of $4.65 billion to $4.75 billion, ahead of analyst forecasts on the high end. Apollo Group competes with for-profit education companies like Corinthian Colleges (NASDAQ:COCO), DeVry (NYSE:DV) and ITT Educational Services (NYSE:ESI).

Healthcare services provider Metropolitan Health Networks (MDF) said it has agreed to acquire Continucare Corporation (CNU) in a cash and stock transaction valued at $416 million. Metropolitan Health Networks said the combination will create a company with 31 primary care practices and a network of 250 contacted independent practices, operating in 18 Florida counties, serving more than 68,000 Medicare Advantage and Medicaid customers. The combined company will have $660 million in annual revenue. Continucare shareholders will receive $6.25 per share in cash, and 0.0414 shares of Metropolitan common stock, equal to about $0.20 at the time of the announcement. The exact value of the consideration per share will be depend on Metropolitan’s share price at closing. The boards of both companies have approved the deal, as has a major Continucare shareholder. Pending approved by regulators and a majority of Continucare shareholders, the transaction is expected to close in the third quarter. Metropolitan expects the acquisition to be accretive in 2012.

Nike (NYSE:NKE) posted earnings for its fiscal fourth quarter that beat analyst expectations. Profits totaled $594 million, or $1.24 per share, up from $522 million, or $1.06 per share, last year. Revenue rose 14%, to $5.77 billion. Revenue grew 22% in North America, 21% in China, and 25% in the company’s emerging markets segment including Argentina, Brazil, Korea and Mexico. Nike competes with several non-publicly traded companies on the footwear side, and with sports apparel companies like Under Armour (NYSE:UA) and Lululemon (NASDAQ:LULU).

Dell (DELL) said it plans to buyback an additional $2 billion in stock by the end of the current fiscal year. The company has already repurchased $1.6 billion in shares. The company also said, in an announcement ahead of its analyst meeting today, that it is moving deeper into the core of information technology with its own intellectual property that delivers efficient, flexible and differentiated IT solutions.

Mattress maker Sealy (ZZ) posted a loss for its fiscal second quarter after the close of trading yesterday. The company’s net loss totaled $377,000, or zero cents per share, compared to net income of $849,000, or $0.02 per share last year. On a continuing operations basis, the company earned $0.01 per share, just ahead of analyst forecasts. Net sales rose 10.6% to $321.3 million, well ahead of analyst expectations.

This is the “Weekly Market Wrap” for Friday June 1. Please join us on Monday for the “Week Ahead Market Report.”

For MarketNewsVideo.com, I’m Sayoko Murase.

Weekly Market Wrap: 7/1/2011 picture
Tuesday 7/29 Insider Buying Report: CPSS, TWITuesday 7/29 Insider Buying Report: CPSS, TWI
Related symbols: CPSS,TWI
Tuesday 7/29 Insider Buying Report: T, CLBTuesday 7/29 Insider Buying Report: T, CLB
Related symbols: T,CLB
Monday 7/28 Insider Buying Report: QDEL, HAFCMonday 7/28 Insider Buying Report: QDEL, HAFC
Related symbols: QDEL,HAFC
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: GLW, WINS&P 500 Movers: GLW, WIN
Related symbols: GLW,WIN
Nasdaq 100 Movers: VIP, WYNNNasdaq 100 Movers: VIP, WYNN
Related symbols: VIP,WYNN
Dow Movers: UNH, TDow Movers: UNH, T
Related symbols: UNH,T
S&P 500 Analyst Moves: MCKS&P 500 Analyst Moves: MCK
Related symbols: MCK
Stock message boards
Self Directed Investor
The Warren Buffetts Next Door
S&P 500 Analyst Moves: HONS&P 500 Analyst Moves: HON
Related symbols: HON
S&P 500 Analyst Moves: NWLS&P 500 Analyst Moves: NWL
Related symbols: NWL
Tuesday Sector Leaders: Biotechnology, Metals Fabrication & ProductsTuesday Sector Leaders: Biotechnology, Metals Fabrication & Products
Related symbols: MDXG,CBMG,PGTI,NOR
Tuesday Sector Laggards: Shipping, Rubber & PlasticsTuesday Sector Laggards: Shipping, Rubber & Plastics
Related symbols: DSX,SSW,EMN,CXDC
Monday Sector Leaders: Electric Utilities, Department StoresMonday Sector Leaders: Electric Utilities, Department Stores
Related symbols: KEP,CPN,FDO,DLTR
Tuesday's ETF with Unusual Volume: VDCTuesday's ETF with Unusual Volume: VDC
Related symbols: VDC,RAD,HLF,JJSF
Tuesday's ETF Movers: IYZ, GDXJTuesday's ETF Movers: IYZ, GDXJ
Related symbols: FTR,WIN,BCM.CA,PRU.CA,GDXJ,IYZ
TLT, FKO: Big ETF OutflowsTLT, FKO: Big ETF Outflows
Related symbols: TLT,FKO
Daily Dividend Report: IBM, EXC, WYNN, ENR, CLF, VLO, CR, DKDaily Dividend Report: IBM, EXC, WYNN, ENR, CLF, VLO, CR, DK
Related symbols: IBM,EXC,WYNN,ENR,CLF,VLO,CR,DK
Daily Dividend Report: K, WWE, AMGN, ETR, AVY, RBCDaily Dividend Report: K, WWE, AMGN, ETR, AVY, RBC
Related symbols: K,WWE,AMGN,ETR,AVY,RBC
Daily Dividend Report: DAL, CP, CMCSA, HON, NEE, TWC, SCHW, AA, NE, MAC, TAPDaily Dividend Report: DAL, CP, CMCSA, HON, NEE, TWC, SCHW, AA, NE, MAC, TAP
Related symbols: DAL,CP,CMCSA,HON,NEE,TWC,SCHW,AA,NE,MAC,TAP
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: July 25, 2014Weekly Market Wrap: July 25, 2014
Related symbols: FB,SIRI,AAPL,F,INTC,BAX,ALL,CCE,JNJ,HAL
Weekly Market Wrap: July 18, 2014Weekly Market Wrap: July 18, 2014
Related symbols: AMD,BAC,ZNGA,GE,SLB,GLW,CAG,GS
Weekly Market Wrap: July 11, 2014Weekly Market Wrap: July 11, 2014
Related symbols: AAPL,BAC,FB,GE,MTG,OXY,TMO,CVS,COP,PSX,CSX
Week Ahead Market Report: July 28, 2014Week Ahead Market Report: July 28, 2014
Related symbols: RAD,SIRI,FB,AAPL,AET,AXP,CG,DDR,DDD,CI,COP,WY
Week Ahead Market Report: July 21, 2014Week Ahead Market Report: July 21, 2014
Related symbols: GE,PLUG,FB,BAC,CMCSA,CA,ETFC,DAL,AMZN,BIDU,AON
Week Ahead Market Report: July 14, 2014Week Ahead Market Report: July 14, 2014
Related symbols: AMD,BAC,AAPL,C,GS,BAC,AMD,GE
All videos » |  Stock market definitions »
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  Econonomic News  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Stock Message Boards Stock Market Definitions
MNV

Weekly Market Wrap: 7/1/2011 | Market News Video | Copyright © 2008 - 2014, 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.