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Composite Portfolio Midday Report (2/28/13)

|Includes: AB, AGNC, CELG, EBIX, FRO, HLF, KKR (KKR), KLAC, MO, RAI, TEF, XIN

Indexes
NASDAQ Composite +0.21%
Russell 2000 +0.17%
S&P 500 +0.11%
Dow Jones Industrial Average +0.04%
Portfolios
Widows and Orphans +0.24%
Pretty Girls and Railroads +0.23%
Climbers and Dogs +0.14%
Cumulative +0.21%
  • KKR co-founder defends fracking
    Feb 28 2013 16:13 GMT
    KKR co-founder Henry Kravis on Thursday downplayed the environmental risks of fracking, the drilling technology that has fuelled the shale gas boom in the US. In the past few years, private equity groups such as KKR, Apollo and First Reserve have accelerated investments in companies using so-called hydraulic fracturing, or...
  • Repsol: on the rebound
    Feb 28 2013 15:18 GMT
    Anyone whose house has been burgled tends to cling more tightly to familiar things. Repsol is a case in point. After Argentina ran off with its prized YPF assets nearly a year ago, the Spanish oil and gas group has gone all upstream. The highlight of its 2012 results on...
  • RBS seeks more time for branch disposals
    Feb 28 2013 12:20 GMT
    Royal Bank of Scotland has told the European Commission it is likely to miss a deadline for selling more than 300 UK branches, further undermining hopes of a rapid shake-up of Britain's retail banking industry. The state-controlled bank disclosed the move on Thursday as it announced that a succession of...
  • Repsol suffers limited damage from YPF seizure
    Feb 28 2013 09:31 GMT
    Repsol managed to limited the damage from the most traumatic year in its history to a slight fall in net profits last year, despite the expropriation its Argentinian YPF unit forced painful restructuring at the Spanish oil company. Net profit for 2012 fell by 6.1 per cent year-on-year to €2bn,...
  • Telefónica net profits tumble by 27.3 per cent
    Feb 28 2013 09:20 GMT
    Net profits at Telefónica, the eurozone's most valuable telecoms group, fell by over a quarter last year as it was buffeted by a sharp recession at home and several large writedowns but said it expected to grow revenues in 2013 as its restructuring efforts took hold. Telefónica said that net...

 

Portfolio Movers


 

Gainers Today's Market Change
Xinyuan Real Estate Co Ltd
XIN:NYQ
0.42USD+8.37%
Herbalife Ltd
HLF:NYQ
1.25USD+3.34%
Celgene Corp
CELG:NSQ
3.05USD+3.02%
Ebix Inc
EBIX:NSQ
0.31USD+2.04%
AllianceBernstein Holding LP
AB:NYQ
0.41USD+1.86%
Losers Today's Market Change
American Capital Agency Corp
AGNC:NSQ
-1.02USD-3.11%
Frontline Ltd
FRO:NYQ
-0.02USD-0.96%
Altria Group Inc
MO:NYQ
-0.28USD-0.82%
KLA-Tencor Corp
KLAC:NSQ
-0.24USD-0.44%
Reynolds American Inc
RAI:NYQ
-0.04USD-0.09%

Disclosure: I am long KKR, TEF, XIN, HLF, CELG, EBIX, AB, AGNC, FRO, MO, KLAC, RAI.