Daily Market Wrap: May 21, 2012 Monday, May 21, 5:21 PM ET
The markets opened on a positive note, and held onto their gains, despite ongoing concerns over the euro zone and a possible deal for Greece.
On the earnings front, Lowe's (NYSE:
LOW) posted a 14 percent increase in fiscal first quarter earnings, thanks to warmer weather, but the company lowered its full-year earnings outlook.
Shares of Campbell Soup (NYSE:
CPB) are trading lower today after food company posted fiscal third quarter earnings which fell 5.4 percent, partly due to rising commodities prices.
More disappointment for Facebook (NASDAQ:
FB) as the stock fell more almost 13 percent earlier today, and then making a bit of a recovery, after debuting on the Nasdaq on Friday.
In M&A news, Eaton (NYSE:
ETN) announced it will acquire electrical equipment maker Cooper Industries ( CBE) in a deal worth $11.8 billion in cash and stock.
Tomorrow, we'll take a look at the data for existing home sales, as well as earnings results from Best Buy (NYSE:
BBY) and Medtronic (NYSE: MDT).
For Marketnewsvideo.com, I'm Sayoko Murase.
Analyst Moves: AMAT, ARUN, DE
Related symbols: AMAT, ARUN, DE, GS
Analyst Moves: NOC, GM, GILD
Related symbols: NOC, GM, GILD, CS, C, UBS
Analyst Moves: WSM, LTD, ADSK
Related symbols: WSM, LTD, ADSK, BAC, JEF, UBS
Monday Sector Leaders: Metals & Mining, Precious Metals
Related symbols: JRCC, DNN, PAL, REE
Monday Sector Laggards: Consumer Services, Agriculture & Farm Products
Related symbols: TISI, CLCT, SANW, CRESY
Friday Sector Leaders: Education & Training Services, Auto Parts
Related symbols: COCO, CECO, XIDE, AXL
Monday's ETF Movers: PBW, IFNA
Related symbols: JASO, HSOL, UHT, FCH, IFNA, PBW
GDX, SBM: Big ETF Outflows
Related symbols: GDX, SBM, GG, ABX
XLF, FINU: Big ETF Inflows
Related symbols: XLF, FINU, BRK.B, JPM
Daily Dividend Report: AET, DV, RWT, BGS, WMB
Related symbols: AET, DV, RWT, BGS, WMB
Daily Dividend Report: SYY, VTR, HIG, ESS, XEC
Related symbols: SYY, VTR, HIG, ESS, XEC
Daily Dividend Report: COH, STT, WDC, KSS, DPS
Related symbols: COH, STT, WDC, KSS, DPS
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Related symbols: WMT, DE, M
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Related symbols: WFM, TSLA, DIS, EA
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Related symbols: PFE, VLO, MA, MGM
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Related symbols: A, CSCO, AMAT, ADSK
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Related symbols: BRK.B, ARCC, DTV, NWSA, PCLN, PSA, SLW
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Daily Market Wrap: May 21, 2012
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