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Composite Portfolio Midday Report (4/18/13)

|Includes: CRT, Randgold Resources Limited (GOLD), KCAP, MO, NOK, RAI, UNP, VOD, VZ, XAN

Dow Jones Industrial Average -0.39%
Russell 2000 -0.41%
S&P 500 -0.50%
NASDAQ Composite -0.88%
Pretty Girls and Railroads +0.02%
Widows and Orphans -0.14%
Climbers and Dogs -0.32%
Cumulative -0.15%
  • Nokia shares slide as revenues disappoint
    Apr 18 2013 16:06 BST
    Nokia sold the fewest mobile phones ever in a quarter under its chief executive Stephen Elop as revenues at the struggling Finnish group fell to their lowest in more than a decade. It sold 62m of its basic mobile phones in the first quarter, down by more than 25 per...
  • Morgan Stanley miss weighs on US stocks
    Apr 18 2013 15:29 BST
    Wall Street stocks were lower in early activity on Thursday as shares in Morgan Stanley fell after the US investment bank's quarterly profit fell short of expectations. The S&P 500 lost 0.6 per cent to 1,542.39 in the opening thirty minutes of trading in New York. The early fall came...
  • JPMorgan offices raided in MPS inquiry
    Apr 18 2013 14:58 BST
    Italian finance police have raided the offices of JPMorgan in Milan as part of a widening inquiry into alleged financial malpractice by former management at Monte dei Paschi di Siena. JPMorgan has not been named in the investigation, but police are seeking documents related to deals done by the US...
  • Pricing plan change pays off for Verizon
    Apr 18 2013 14:49 BST
    Verizon Wireless's bold change to its pricing plans last year appears to have paid off, with the US's largest mobile network operator by subscribers reporting strong revenue and subscriber growth on Thursday. The joint venture between Verizon Communications and Britain's Vodafone group has been the subject of intense speculation in...
  • KKR to buy stake in French fashion group
    Apr 18 2013 14:42 BST
    US buyout group KKR is to buy a majority stake in Sandro, Maje, Claudie Pierlot, a fast-growing group of French fashion brands founded by two sisters. The New York-based private equity investor, which manages a $6.1bn European buyout fund, is purchasing a 65 per cent stake in the company from...


Portfolio Movers


Gainers Today's Market Change
Randgold Resources Ltd
Union Pacific Corp
Verizon Communications Inc
Cross Timbers Royalty Trust
Vodafone Group PLC
Losers Today's Market Change
Nokia Oyj
Altria Group Inc
Resource Capital Corp
Reynolds American Inc
KCAP Financial Inc

Disclosure: I am long GOLD, UNP, VZ, CRT, VOD, NOK, MO, RSO, RAI, KCAP.