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Widows And Orphans Midday Report (3/4/13)

|Includes: AAPL, BRK.B, CAT, CTB, CYS, HLF, KKR, LMT, MMM, MT, NAT, OZM, PBI, SLRC, Sunoco Logistics Partners, L.P. (SXL), VZ, XIN

 

 

Symbol Company Name Price Price Chg. Price % Chg. Volume (000) Volume % Chg.
SXL Sunoco Logistics Ptnr Lp $64.23 1.65 3% 98 -12%
PBI Pitney-Bowes Inc $13.37 0.34 3% 1,228 -41%
OZM Och-Ziff Cap Mgmt Cl A $9.29 0.21 2% 1,010 53%
HLF Herbalife Ltd $40.92 0.82 2% 1,732 -71%
CYS C Y S Investments Inc $11.92 0.12 1% 1,430 16%
KKR K K R & Co Lp $18.45 0.16 1% 1,701 39%
VZ Verizon Communications $46.96 0.24 1% 3,275 -52%

 

 

MMM Three M Company $102.80 -0.97 -1% 1,095 -17%
NAT Nordic Amer Tanker Ltd $8.80 -0.10 -1% 314 0%
BRKB Berkshire Hathaway Cl B $100.74 -1.31 -1% 2,321 6%
LMT Lockheed Martin Corp $86.79 -1.38 -2% 764 -43%
AAPL Apple Inc $423.24 -7.23 -2% 11,273 22%
SLRC Solar Capital Ltd $23.87 -0.45 -2% 259 4%
CAT Caterpillar Inc $89.35 -2.01 -2% 3,200 13%
CTB Cooper Tire & Rubber Co $24.71 -0.60 -2% 570 93%
MT Arcelor Mittal Cl A $14.06 -0.47 -3% 6,706 38%
XIN Xinyuan Real Estate Ads $5.28 -0.63 -11% 2,820 834%
             
Data provided by William O'Neil + Co., Inc. © 2013. All Rights Reserved.        
Investor's Business Daily is a registered trademark of Investor's Business Daily, Inc.        
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US sequester cuts hits defence sector

By Anora Mahmudova in New York

US equity markets opened modestly lower on the first day of trading after fiscal sequestration became effective on Friday night. Investors last week brushed off the potential impact of $85bn of federal spending cuts over 2013, with indices trading near cyclical peaks. The benchmark S&P 500 on Monday was trading...

15:41 GMT Mar 04 2013 LMT:NYQ
Bank compliance salaries soar

By Brooke Masters, chief regulation correspondent

Turnover at the top of global bank compliance departments has tripled since the financial crisis, leading to sharp salary gains of up to 50 per cent for global and regional heads in the past two years, new research shows. Recruiters Hedley May warn that the market for experienced compliance officers...

19:11 GMT Mar 03 2013 JPM:NYQ
KKR rejigs European dealmaking team

By Anne-Sylvaine Chassany, Private Equity Correspondent

KKR, the New York-based private equity group, is rejuvenating its team of European dealmakers as it seeks a fresh start before raising a new fund in the region for the first time since the financial crisis. KKR told investors at a meeting in Berlin last week that Jacques Garaialde, a...

18:56 GMT Mar 03 2013 KKR:NYQ
Lockheed warns on defence cuts

By Robert Wright in New York

Contract terminations, factory closures and thousands of job losses could result from across-the-board spending cuts that several US defence suppliers had predicted would be averted, Lockheed Martin, the country's biggest military supplier by sales, has warned. Lockheed, which manufactures the F35 joint strike fighter and F22 stealth fighter, gave its...

17:59 GMT Mar 03 2013 LMT:NYQ
Defiant Siemens chief comes out fighting

By Chris Bryant and Peter Marsh in Munich

For most of his first four years in charge of Siemens, Peter Löscher enjoyed stellar reviews as he cleaned up a corruption scandal, cut costs and ensured Europe's biggest engineering group navigated the financial crisis with relative ease. Now he is trying to recover his poise after a year in...

17:39 GMT Mar 03 2013 SI:NYQ, SI:NYQ
Buffett sees opportunity in uncertainty

By Dan McCrum

Shareholders in Berkshire Hathaway hoping for a window into the future for the $250bn conglomerate in its chairman's annual letter found only a familiar mix of folksy reassurance, straightforward principles and mere hints of a post-Buffett future. What was clear is that 82-year-old Warren Buffett remains an optimist. Declaring that...

17:38 GMT Mar 03 2013 BRK.B:NYQ
Steel industry urges 25% capacity cut

By James Shotter in Linz

Europe's beleaguered steel industry needs to shed around 25 per cent of its capacity within the next three years if it hopes to remain a global player, the head of Europe's main steel trade association has warned. "It is a matter of fact that the European steel industry is in...

17:04 GMT Mar 03 2013 MT:NYQ
Demand exceeds supply in sukuk market

By Chris Newlands

Long before 2012 had finished, many were predicting a bumper year for the issuance of sharia-compliant bonds, or sukuk. The assertion was that issuance of sharia-compliant paper would top the $100bn mark before the year was through and, although that view proved to be correct, it also turned out to...

03:29 GMT Mar 03 2013 GE:NYQ
All bets on mobile internet

By Jenny Lowe

Mikhail Zverev, Standard Life Investments' global equity rising star, is betting on mobile internet companies to drive his fund into the big league. Edinburgh-based Standard Life has lagged behind rival fund companies such as Aberdeen, Carmignac and M&G in the global equity stakes in recent years, in spite of efforts...

03:27 GMT Mar 03 2013 AAPL:NSQ
Buffett on the prowl for another big deal

By Dan McCrum in New York

Warren Buffett lamented a rare year of underpar investment performance in his annual letter to Berkshire Hathaway shareholders, and said that he and vice-chairman Charlie Munger were on the lookout for big companies to add to their sprawling conglomerate. The investors last month sealed a deal to invest $12bn in...

22:52 GMT Mar 01 2013 BRK.B:NYQ
US stocks rebound after manufacturing data

By Anora Mahmudova in New York

Salesforce's shares climbed after its fourth-quarter earnings, announced after the market close on Thursday, were above Wall Street's expectations. Revenues at the business-software company jumped 32 per cent to $834.7m, although it registered a net loss due to $108m in stock-based compensation and a one-time tax charge. The stock gained...

21:27 GMT Mar 01 2013 AAPL:NSQ
Judge cuts Apple's $1bn damages award

By Chris Nuttall in San Francisco

The judge in a landmark patent case involving Apple and Samsung has entered an order striking nearly half of the $1bn in damages awarded by a jury to Apple, and ordered a new trial. The fresh trial ordered by US district judge Lucy Koh will deal with 14 Samsung products...

21:11 GMT Mar 01 2013 AAPL:NSQ
US sequestration: drama, comedy, horror

--

Think of recent US fiscal policy as a film franchise - part drama, part comedy, part horror. The opening instalment was the summer 2011 blockbuster, Debt Ceiling. The downgrade of US debt after the default brinkmanship made our jaws drop, but was followed by a clever plot twist: Treasuries rallied...

20:51 GMT Mar 01 2013 LMT:NYQ
The $137bn dilemma

By Tim Bradshaw and Dan McCrum

Tim Cook sat on a black stage wearing an open-necked shirt and jeans, perched on a high stool before a glowing Apple logo - a familiar backdrop for launches of iPhones or iPads. But instead of announcing a new product, Apple's chief executive was listening patiently to his shareholders. Several...

18:27 GMT Mar 01 2013 MSFT:NSQ
Big themes for your Isa

By Tanya Powley

Not sure where to invest this year's stocks and shares Isa allowance? UK equity income - many investors' choice in 2012 - will remain a big theme this year, but more exciting growth opportunities are likely to be found further afield. Most financial advisers agree that equity markets currently offer...

18:22 GMT Mar 01 2013 VOD:NSQ

Disclosure: I am long SXL, PBI, OZM, HLF, CYS, KKR, VZ, MMM, NAT, BRK.B, LMT, AAPL, SLRC, CAT, CTB, MT, XIN.