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.
Friday Sector Laggards: Non-Precious Metals & Non-Metallic Mining, Vehicle Manufacturers
Related symbols: MT, ATI, FCAU, NAV
Friday Sector Leaders: Precious Metals, Gas Utilities
Related symbols: VGZ, TGD, CPK, DGAS
Thursday Sector Laggards: Cigarettes & Tobacco, Water Utilities
Related symbols: TPB, RAI, SJW, CDZI
Friday's ETF with Unusual Volume: FRI
Related symbols: FRI, HST, PLD, NSA, NRE
Friday's ETF Movers: XLU, EFA
Related symbols: CMS, DTE, AER, NXPI, EFA, XLU
SLV, GASX: Big ETF Outflows
Related symbols: SLV, GASX
Daily Dividend Report: MDT, DTE, T, MAS, UDR, LEN
Related symbols: MDT, DTE, T, MAS, UDR, LEN
Daily Dividend Report: KR, LMT, CPB, PNW, BBBY
Related symbols: KR, LMT, CPB, PNW, BBBY
Daily Dividend Report: FULT,LLY,IEX,RL,CMC
Related symbols: FULT, LLY, IEX, RL, CMC
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Daily Market Wrap: May 21, 2012
| Market News Video | Copyright © 2008 - 2016, 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.