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Weekly Commentary: December 7, 2012

|Includes:AAPL, CLF, Duke Energy Corporation (DUK), DWA

Quote of the Week

"When the time comes to buy, you won't want to." - Walter Deemer

Analyst Upgrades/Downgrades

Duke Energy (NYSE:DUK) was upgraded by Barclays from "Equal Weight" to "Overweight" with a revised price target of $69 from $68

Dreamworks Animation (NASDAQ:DWA) was downgraded by Stifel Nicolaus from a "Hold" rating to a "Sell" rating.

Cliffs Natural Resources (NYSE:CLF) was downgraded by RBC Capital Markets from "Outperform" to "Sector Perform" with a revised price target of $32 from $45

Weekly Investment Commentary

Watching for Cliff to Fade, Jobs to Appear by by Russ Koesterich, BlackRock's Global Chief Investment Strategist

Calendar for Next Week

Tuesday:

· Federal Open Market Committee Meeting (starts lasting till Wednesday)

· October International trade

· October wholesale tade

Wednesday:

· November import/export prices

Thursday:

· November Producer Price Index

· November retail sales

· October business inventories

Friday:

· November Consumer Price Index

Articles

Steve Jobs: Revelations from a tech giant (CBS News)

CHART OF THE DAY: The Average Person Is Absolutely Horrible At Investing (Business Insider)

4 Companies Provided Half of SPX 2012 Earnings Growth (The Big Picture)

High-Speed Traders Profit at Expense of Ordinary Investors, a Study Says (The New York Times)

5 fiscal cliff scenarios (Politico)

Political Focus Shifts to 'Fiscal Cliff' (The Wall Street Journal)

Why Job Growth Is Overrated by Ken Fisher (Forbes)

For Buffett, the Long Run Still Trumps the Quick Return by Andrew Ross Sorkin (The New York Times)

Stock-focused Articles

Tim Cook at Apple (Bloomberg Businessweek)

Videos

Bloomberg's own Adam Johnson Explains Tom DeMark's call on China's bottom (Bloomberg)

Stocks: DUK, DWA, CLF, AAPL