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Composite Portfolio Midday Report (3/4/13)

|Includes: AAPL, AB, ANH, KLAC, KSU, OZM, SXL, Telefonica S.A. (TEF), XIN

S&P 500 -0.03%
Dow Jones Industrial Average -0.23%
NASDAQ Composite -0.23%
Russell 2000 -0.38%
Pretty Girls and Railroads +0.29%
Climbers and Dogs -0.01%
Widows and Orphans -0.44%
Cumulative -0.07%
  • US sequester cuts hits defence sector
    Mar 04 2013 15:41 GMT
    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...
  • Warning signs for US corporate bonds
    Mar 04 2013 15:13 GMT
    Could the bond boom be turning? Warning signs are flashing as investors demand higher yields even on US bonds issued by the world's largest and safest corporate borrowers. In recent weeks, big investment grade bond issues by the likes of Philip Morris International and UnitedHealth Group have been sold at...
  • Obama to tap EPA veteran to lead agency
    Mar 04 2013 14:56 GMT
    Barack Obama will tap Gina McCarthy to head the Environmental Protection Agency, a decision that experts say signals the president's intent to put global warming at the top of his environmental agenda. Ms McCarthy is a veteran of the environmental agency, having run its air pollution division during Mr Obama's...
  • China becomes world's largest oil importer
    Mar 04 2013 08:58 GMT
    China has overtaken the US as the world's largest net oil importer, a once-in-a-generation shift that will shake up the geopolitics of natural resources. The US has been the world's largest net oil importer since the middle of the 1970s, shaping Washington's foreign policy towards oil-rich hotspots such as Saudi...
  • Statoil warns of political danger to gas
    Mar 03 2013 20:58 GMT
    Europe's second-largest supplier of natural gas has warned that future investment in new production is at risk because of political uncertainty over the role of gas in the continent's power generation sector. Statoil, the oil company majority owned by the Norwegian government, has significantly increased gas sales in Europe in...


Portfolio Movers


Gainers Today's Market Change
Telefonica SA
Sunoco Logistics Partners LP
Repsol SA
Kansas City Southern
Och-Ziff Capital Management Group LLC
Losers Today's Market Change
Xinyuan Real Estate Co Ltd
Apple Inc
KLA-Tencor Corp
AllianceBernstein Holding LP
Anworth Mortgage Asset Corp

Disclosure: I am long TEF, SXL, KSU, OZM, XIN, AAPL, KLAC, AB, ANH.