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: MCD, JCI, MTN
Related symbols: MCD, JCI, MTN, C
Analyst Moves: AAPL, FDX, ADBE, DDD
Related symbols: AAPL, FDX, ADBE, DDD, BAC, C, JEF, DB
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Related symbols: NFX, EW, DGX, UBS, WFC, BAC
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Related symbols: TRX, ANV, CECO, LRN
Tuesday Sector Laggards: Shipping, Food Stocks
Related symbols: GNK, EGLE, DAR, POST
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Related symbols: RYL, LEN, KNDI, WGO
Tuesday's ETF Movers: GDXJ, OIH
Related symbols: TRX, ANV, MDR, OII, OIH, GDXJ
XLP, KOLD: Big ETF Outflows
Related symbols: XLP, KOLD, PG, KO
VEA, KRU: Big ETF Inflows
Related symbols: VEA, KRU, NSRGY, NVS, ASBC, BXS
Daily Dividend Report: SEIC, BDN, KAI, FLXS, OLP
Related symbols: SEIC, BDN, KAI, FLXS, OLP
Daily Dividend Report: JPM, USB, PCAR, NFG, WDFC
Related symbols: JPM, USB, PCAR, NFG, WDFC
Daily Dividend Report: AMAT, MON, DFT, SJT, MTN
Related symbols: AMAT, MON, DFT, STJ, MTN
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Daily Market Wrap: May 21, 2012
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