Stock message boards
MNV
Market News Video
MNV MNV 10 Stocks Crossing Below Their 200 Day Moving Average
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 site is a gem, it is a site for learning, sharing
and especially making money.
more testimonials »

Weekly Market Wrap: November 4, 2011
Friday, November 4, 4:18 PM ET

This forty fourth trading week of 2011 comes to a close with investors fretting about Greece's reaction to Europe's plan to prevent an economic cataclysm on that continent.

Hi. I'm Kristin Bianco. Welcome to the 'Weekly Market Wrap' for Friday November 4, 2011.

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

Crude oil futures are little changed this week, trading around $94.22 per barrel on Friday afternoon.

Gold futures are up slightly for the week in afternoon trading, to around $1757.11 an ounce.

In notable economic news this week, the Labor Department announced that hiring slowed in October but the unemployment rate hit a six-month low and job gains in the prior two months were stronger than previously thought. Nonfarm payrolls increased by 80,000 last month, below economists' expectations for a gain of 95,000. Employers did add 102,000 more jobs than previously estimated in August and September, pushing the jobless rate down to 9 percent from 9.1 percent.

In corporate news this week, Honda Motor Co. (NYSE:HMC) said today its second quarter net income fell by 55%, to $788 million, or 60.4 billion yen.

Honda said net income per share fell to $0.44, compared to $0.54 in last year's second quarter. Results largely met analyst expectations. Revenue fell 16%, to $24.6 billion, due primarily to the impact of the earthquake that struck Japan in March. Honda said auto sales fell 14% compared to last year's second quarter, to 772,000 units, largely due to supply chain disruptions related to the earthquake. Motorcycle sales rose 20% compared to last year. Honda said it could not give a full year outlook because it is still assessing the impact of flooding in Thailand on its production.

Unilever (NYSE:UL) has agreed to sell its Culver Specialty Brands Division to B&G Foods (NYSE:BGS) for $325 million. The unit includes Mrs. Dash seasoning blends, Molly McButter flavorings, Bakers Joy banking spray and Static Guard anti-static spray. Unilever acquired Culver Brands as part of its Alberto Culver Company deal. The unit generated revenue of $90 million in the year ending September 30, 2011. B&G chief executive David Wenner said adding the brands to his company's portfolio will enhance the company's already high margin structure, and will be immediately accretive to earnings per share and free cash flow.

The transaction is expected to close by the end of the year, pending regulatory approval.

BB&T Corporation (NYSE:BBT) said it had agreed to acquire BankAtlantic, the wholly-owned subsidiary of BankAtlantic Bancorp (NYSE:BBX). BB&T will acquire $2.1 billion in loans and assume $3.3 billion in deposits for an estimated premium of $301 million about the net asset value of Fort Lauderdale-based BankAtlantic at closing. BB&T said the acquisition will bring in $3.3 billion in core, low-costs deposits, expanding its presence in Southeast Florida and boosting market share to #6 in the Miami market. The acquisition is expected to be accretive to earnings per share, said BB&T. The transaction has been approved by the board of both companies, but requires regulatory approval to be completed.

Kraft Foods (KFT) reported third quarter earnings late yesterday. Profits rose to $922 million, or $0.52 per share, from $754 million, or $0.43 per share, in last year's third quarter. Adjusted earnings of $0.58 per share beat analyst estimates, as did a 12% increase in revenue, to $13.2 billion. Kraft is splitting itself into two companies, dividing its snack and candy business from its grocery business, by late next year. Kraft raises its earnings forecast by $0.02 per share, to earnings of at least $2.27 per share. Also late yesterday, high-end natural and organic grocer Whole Foods (NASDAQ:WFM) reported fiscal fourth quarter earnings that rose to $75.5 million, or $0.42 per share, up from $57.5 million, or $0.33 per share, last year. Earnings per share were just ahead of analyst expectations. Revenue rose 12% to $2.35 billion, just about in line with expectations.

Two of the world's best-known stock markets indices - the S&P 500 and the Dow Jones Industrial Average - will soon be under the same roof. McGraw-Hill (MHP) and CME Group (NASDAQ:CME) made an official announcement today that the two plan to combine their S&P and Dow Jones indices units. McGraw-Hill will own 73% of the S&P/Dow Jones Indices venture, while CME Group will own 24.4%. Dow Jones, owned by News Corp (NWS, NWS.a), will own 2.6%. The venture is expected to be operational in the first half of 2012, subject to regulatory approval and closing conditions. The new company will be part of McGraw-Hill Markets, once the company separates its financial information service from its publishing unit. McGraw-Hill said the transaction will be immediately accretive to earnings.

This is the 'Weekly Market Wrap' for Friday November 4. Please join us on Monday for the 'Week Ahead Market Report.'

For MarketNewsVideo.com, I'm Kristin Bianco.

Weekly Market Wrap: November 4, 2011 picture
Thursday 10/30 Insider Buying Report: UFIThursday 10/30 Insider Buying Report: UFI
Related symbols: UFI
Thursday 10/30 Insider Buying Report: JMP, DOWThursday 10/30 Insider Buying Report: JMP, DOW
Related symbols: JMP,DOW
Wednesday 10/29 Insider Buying Report: SLBWednesday 10/29 Insider Buying Report: SLB
Related symbols: SLB
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: AVP, VS&P 500 Movers: AVP, V
Related symbols: AVP,V
Nasdaq 100 Movers: NXPI, CTRXNasdaq 100 Movers: NXPI, CTRX
Related symbols: NXPI,CTRX
Dow Movers: XOMDow Movers: XOM
Related symbols: XOM,V
S&P 500 Analyst Moves: HONS&P 500 Analyst Moves: HON
Related symbols: HON
Stock message boards
Self Directed Investor
The Warren Buffetts Next Door
S&P 500 Analyst Moves: MUS&P 500 Analyst Moves: MU
Related symbols: MU
S&P 500 Analyst Moves: DHRS&P 500 Analyst Moves: DHR
Related symbols: DHR
Thursday Sector Leaders: Education & Training Services, Packaging & ContainersThursday Sector Leaders: Education & Training Services, Packaging & Containers
Related symbols: LOPE,STRA,RKT,PKG
Thursday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production StocksThursday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: AUY,IAG,KWK,REXX
Wednesday Sector Leaders: Oil & Gas Exploration & Production, Entertainment StocksWednesday Sector Leaders: Oil & Gas Exploration & Production, Entertainment Stocks
Related symbols: NFX,EXXI,BTN,MSG
Thursday's ETF with Unusual Volume: GURUThursday's ETF with Unusual Volume: GURU
Related symbols: GURU,FB,S,BIDU,MU
Thursday's ETF Movers: ILF, GDXThursday's ETF Movers: ILF, GDX
Related symbols: ITUB,BBD,SMF.CA,AUY,GDX,ILF
XLF, MZZ: Big ETF OutflowsXLF, MZZ: Big ETF Outflows
Related symbols: XLF,MZZ,BRK.B,WFC
Daily Dividend Report: LNC, HII, XOM, CVX, DUK, MPC, MRO, ABX, NEMDaily Dividend Report: LNC, HII, XOM, CVX, DUK, MPC, MRO, ABX, NEM
Related symbols: LNC,HII,XOM,CVX,DUK,MPC,MRO,ABX,NEM
Daily Dividend Report: AFL, WYNN, KIM, FNF, DPM, JLL, WFCDaily Dividend Report: AFL, WYNN, KIM, FNF, DPM, JLL, WFC
Related symbols: AFL,WYNN,KIM,FNF,DPM,JLL,WFC
Daily Dividend Report: AMTD, RGP, ACMP, BRX, IBM, BA, FTRDaily Dividend Report: AMTD, RGP, ACMP, BRX, IBM, BA, FTR
Related symbols: AMTD,RGP,ACMP,BRX,IBM,BA,FTR
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: October 24, 2014Weekly Market Wrap: October 24, 2014
Related symbols: DRYS,F,MSFT,AAPL,TWC,V,TROW,MCK,MCK
Weekly Market Wrap: October 17, 2014Weekly Market Wrap: October 17, 2014
Related symbols: AMD,BAC,AAPL,GE,JNJ,PAYX,CCL,SWK
Weekly Market Wrap: October 10, 2014Weekly Market Wrap: October 10, 2014
Related symbols: BAC,MU,INTC,GTAT,CAT,WAG,F,KRFT,ALG
Week Ahead Market Report: October 27, 2014Week Ahead Market Report: October 27, 2014
Related symbols: F,BAC,AAPL,YHOO,AET,AMP,CBT,CIT,KIM,ALL,ADP,CG,EXC,HES,CIG,GRPN,K,WU,D,XOM,POM
Week Ahead Market Report: October 20, 2014Week Ahead Market Report: October 20, 2014
Related symbols: BAC,AAPL,PFE,AOS,KMB,ABT,DOW,GM,MMM,AAL,DPS,LLY,LO,B,CL,PG,UPS
About The Week Ahead Market ReportAbout The Week Ahead Market Report
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 Portfolio Channel Stock Market Definitions
MNV

Weekly Market Wrap: November 4, 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.