The Fed is expected to repeat its dovish message in the coming week, which could provide a safety net for the market amid a big wave of earnings and the April jobs report.» Read More
Take a look at some of Tuesday's midday movers:
Feb 12- Avon Products Inc's business at long last showed signs of life at the end of 2012 as the struggling beauty company reversed sales declines in top markets like Brazil and Russia, attracted more sales representatives and cut costs.
NEW YORK, Feb 12- U.S. stocks were little changed on Tuesday, with the S&P 500 holding near multi-year highs ahead of President Barack Obama's State of the Union address. The economy will be a major topic of Obama's speech before a joint session of Congress set for 9 p.m.. The S&P 500 has risen in the past six weeks and is up 6.5 percent so far this year.
*Q4 adj EPS from cont. ops 37 cents vs consensus 27 cents. Feb 12- Avon Products Inc's business showed signs of life in the last three months of 2012 as the struggling beauty company sold more items, attracted more sales representatives and cut marketing and personnel costs.
*Goodyear profit tops estimates, but tire company cuts outlook. "Things are really quiet, waiting to see what the marching orders are for the next four years," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. Equities were mostly flat on Monday but the trend for the S&P 500 has been upward during six straight weeks of gains.
U.S. stock index futures were narrowly mixed Tuesday ahead of President Obama's State of the Union address this evening.
Feb 12- Avon Products Inc reported a better-than-expected quarterly profit on Tuesday as the beauty company sold more items, lined up more sales representatives and cut marketing and personnel costs.
President Barack Obama's State of the Union speech Tuesday could drive market focus straight to the next skirmish in the budget and deficit battle with Congress, depending on his tone.
Venezuela's latest currency devaluation will hurt a range of U.S. and European companies that sell to consumers in the country, as state-imposed price controls make it more difficult for those companies to protect their profits.
CHICAGO, Feb 11- Venezuela's latest currency devaluation will hurt a range of U.S. and European companies that sell to consumers in the country, as state-imposed price controls make it more difficult for those companies to protect their profits.
Concern is growing about risks to U.S.-based multinationals in a country where American audit regulators are locked out by the Chinese government and bribery and fraud are routine.
*Risks overlooked at multinationals in China, experts say. NEW YORK/ HONG KONG, Feb 10- Tales of shady business practices abound in China- fake revenues, phony invoices, sham factories- but until recently, the problem seemed confined mostly to Chinese companies.
Think the past week was busy? Wait until you get a load of what’s on Cramer’s radar for this week.
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Bill Smith, President & Senior Portfolio Manager, SAM Advisors tells investors to pick individual stocks that have catalysts to make them pop. He advises investors to stay out of bonds.
Take a look at some of Friday's midday movers:
Some of the names on the move ahead of the open.
NEW YORK, Dec 19- A relatively unknown German holding company this week made its third move on a coffee company as it tries to assemble a juggernaut that can challenge chains like Starbucks Corp and Dunkin' Brands Group Inc.
One expert names those top execs who excelled in the high-stakes rescue, restructuring and reinvention roles.
Dec 17- The Benckiser group agreed to buy Caribou Coffee Co Inc for about $340 million in a deal that would boost the German investment company's position as the No. 2 U.S. purveyor of premium coffee, but still well behind Starbucks Corp..