Stock Message Boards
MNV
Market News Video
MNV MNV Model Portfolios ChartZero
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

Weekly Market Wrap December 14, 2012
Friday, December 14, 4:53 PM ET

This fiftieth trading week of 2012 comes to a close with investors continuing to hope that the President and Congress will soon reach a deal to avoid the "fiscal cliff"

Hi. I'm Sayoko Murase. Welcome to the 'Weekly Market Wrap' for December 14, 2012.

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

Crude oil futures are higher this week, trading around $86.75 per barrel on Friday afternoon.

Gold futures are lower this week, trading at $1696.68 an ounce in afternoon trading.

In notable economic news this week, the Labor Department announced that the seasonally adjusted producer price index dropped by 0.8 percent last month, the second straight decline. Also, the Commerce Department announced that the trade deficit grew 4.8 percent in October from September to $42.2 billion. Exports dropped by 3.6 percent to $180.5 billion. Imports dropped by 2.1 percent to $222.8 billion, reflecting fewer shipments of autos, machinery, and cell phones.

In corporate news this week, Costco (NASDAQ:COST) announced that earnings for the first quarter increased by 30 percent due to better sales and increased membership revenues. The company earned $416 million, or 95 cents per share, versus $320 million, or 73 cents per share in the same period last year, including 7 cents per share of one time charges. Earning beat expectations of 93 cents per share. Revenue increased by 10 percent to $23.72 billion from $21.63 billion, beating expectations of $23.54 billion.

Joy Global (NYSE:JOY) announced that earnings increased by 23 percent in the fourth quarter, though it expects lower volumes in 2013 due to weaker demand from China. The company earned $212.6 million, or $1.99 per share, versus $172.3 million, or $1.62 per share. Analysts had expected earnings of $1.87 per share. Revenue increased by 19 percent to $1.59 billion. Analysts had expected revenue of $1.42 billion.

Adobe (NASDAQ:ADBE) announced that it earned $222.3 million, or 44 cents per share, for the most recent fiscal quarter, versus $173.7 million, or 35 cents per share in the same period last year. Revenue was flat at $1.15 billion. For the entire fiscal year, the company earned $832.8 million, or $1.68 per share, which was also flat versus last year. Revenue increased to $4.4 billion from $4.22 billion.

Verifone (NYSE:PAY) announced that it earned $27 million, or 24 cents per share, versus $199 million, or $1.84 per share during the same period last year. Revenue was $485.4 million versus $410.7 million last year. Excluding one time items, the company would have earned 76 cents per share on revenue of $489 million. Analysts had expected 76 cents per share on $496.7 million in revenue.

American International Group (NYSE:AIG) announced that the U.S. Department of the Treasury priced an offering of approximately 234.2 million shares of AIG common stock at a price to market of $32.50 per share. Upon the closing of this transaction, the Treasury will have sold the last of its remaining shares of AIG common stock, receiving proceeds of approximately $7.6 billion from the sale.

This is the 'Weekly Market Wrap' for Friday December 14, 2012. Please join us on Monday for the 'Week Ahead Market Report.

For MarketNewsVideo.com, I'm Sayoko Murase.

Weekly Market Wrap December 14, 2012 picture
Portfolio Channel
Free Dividend Report - Top Ranked Stocks
Thursday 4/24 Insider Buying Report: CMG, FRBKThursday 4/24 Insider Buying Report: CMG, FRBK
Related symbols: CMG,FRBK
Wednesday 4/23 Insider Buying Report: ADX, MCIWednesday 4/23 Insider Buying Report: ADX, MCI
Related symbols: ADX,MCI
Tuesday 4/22 Insider Buying Report: NHF, ARCPTuesday 4/22 Insider Buying Report: NHF, ARCP
Related symbols: NHF,ARCP
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: XLNX, ZMHS&P 500 Movers: XLNX, ZMH
Related symbols: XLNX,ZMH
Dow Movers: PFE, CATDow Movers: PFE, CAT
Related symbols: PFE,CAT
Nasdaq 100 Movers: ISRG, GILDNasdaq 100 Movers: ISRG, GILD
Related symbols: ISRG,GILD
S&P 500 Analyst Moves: GOOGS&P 500 Analyst Moves: GOOG
Related symbols: GOOG
Stock message boards
Self Directed Investor
The Warren Buffetts Next Door
Dow Analyst Moves: TDow Analyst Moves: T
Related symbols: T
S&P 500 Analyst Moves: DHRS&P 500 Analyst Moves: DHR
Related symbols: DHR
Thursday Sector Laggards: Defense, Information Technology ServicesThursday Sector Laggards: Defense, Information Technology Services
Related symbols: ARTX,ASTC,SILC,PFPT
Wednesday Sector Leaders: Rental, Leasing, & Royalty, Precious MetalsWednesday Sector Leaders: Rental, Leasing, & Royalty, Precious Metals
Related symbols: HGT,MTR,ANV,MVG
Wednesday Sector Laggards: General Contractors & Builders, Sporting Goods & ActivitiesWednesday Sector Laggards: General Contractors & Builders, Sporting Goods & Activities
Related symbols: MTH,HXM,MANU,WBAI
Thursday's ETF Movers: ITB, KREThursday's ETF Movers: ITB, KRE
Related symbols: DHI,MHO,TBBK,TCBI,KRE,ITB
IWM, CHII: Big ETF OutflowsIWM, CHII: Big ETF Outflows
Related symbols: IWM,CHII,ARCP,AYI,HOLI
Wednesday's ETF with Unusual Volume: FEMSWednesday's ETF with Unusual Volume: FEMS
Related symbols: FEMS,JASO,DANG,IMOS,XIN
Daily Dividend Report: AAPL, JNJ, PFE, C, VDaily Dividend Report: AAPL, JNJ, PFE, C, V
Related symbols: AAPL,JNJ,PFE,C,V
Daily Dividend Report: CNI, MWE, SXL, CMA, DDDaily Dividend Report: CNI, MWE, SXL, CMA, DD
Related symbols: CNI,MWE,SXL,CMA,DD
Daily Dividend Report: MET, SPG, SO, NBL, SYKDaily Dividend Report: MET, SPG, SO, NBL, SYK
Related symbols: MET,SPG,SO,NBL,SYK
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: April 17, 2014Weekly Market Wrap: April 17, 2014
Related symbols: SHW,MS,GS,CSX
Weekly Market Wrap: April 11, 2014Weekly Market Wrap: April 11, 2014
Related symbols: WY,F,LEN
Weekly Market Wrap: April 4, 2014Weekly Market Wrap: April 4, 2014
Related symbols: TJX,PNC,IR,LINE,LNCO
Week Ahead Market Report: April 21, 2014Week Ahead Market Report: April 21, 2014
Related symbols: AMD,FB,ZNGA,AOS,AMGN,T,CMCSA,EAT,IR,BA,AMZN,F,AAN
Week Ahead Market Report: April 14, 2014Week Ahead Market Report: April 14, 2014
Related symbols: SCHW,KO,BAC,GS
Week Ahead Market Report: April 7, 2014Week Ahead Market Report: April 7, 2014
Related symbols: AA,BBBY,STZ,RAD,FAST
All videos » |  Stock market definitions »
Symbol Cloud:   A   AAPL   ADX   AEM   AMD   AMZN   ANV   ARCP   ASR.CA   AYI   BA   BAA   BAC   BCM.CA   C   CAT   CMA   CMG   CMS   CONN   CRK   CRUS   CSX   DIS   DXJ   ED   EFO   EGL   ETAK   F   FB   FCG   FDN   FRBK   FSM   FTI   GAS   GDP   GDX   GDXJ   GERN   GS   HD   HXM   ICPT   IMGN   IMOS   INTC   ISRG   ITB   IWM   JNJ   KO   LLTC   MHO   MNST   MS   MU   NEM   O   PFE   PRSC   PSP   PSX   PXE   RALS   RSH   SD   SHLD   SHW   SLB   SNDK   SPY   T   THM   TRIP   TWX   UNH   UVXY   V   WFC   XBI   XLF   XLU   XLV   XOM   XOP   YHOO   ZN
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 Market Definitions
MNV

Weekly Market Wrap December 14, 2012 | 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.