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Composite Portfolio Daily Close Report (4/18/13)

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

Dow Jones Industrial Average -0.56%
Russell 2000 -0.58%
S&P 500 -0.66%
NASDAQ Composite -1.20%
Pretty Girls and Railroads +0.13%
Widows and Orphans -0.36%
Climbers and Dogs -0.39%
Cumulative -0.20%
  • Verizon shines while US stocks slump
    Apr 18 2013 19:52 BST
    US stocks fell while Verizon Communications touched its highest level in over a decade as investors embraced defensive telecommunications stocks amid the downturn. The S&P 500 lost 0.5 per cent to 1,544.64 by midday in New York. The losses came as investors were looking to the latest batch of company...
  • UK dairy group plugs pension gap - with cheese
    Apr 18 2013 19:45 BST
    Dairy Crest has found a novel way to plug its pensions gap - fill it with cheese. The company, one of the UK's big three milk suppliers, is to transfer 20m kilograms of maturing cheese - roughly the same weight as a quarter of a million British pensioners - to...
  • Buyout groups pose a puzzle for investors
    Apr 18 2013 19:42 BST
    Now that most of the world's biggest private equity groups are publicly listed, it might seem axiomatic to figure out which ones are doing better than others. However, as Blackstone kicked off the private equity results season on Thursday, drawing meaningful comparisons between the world's biggest private equity groups remains...
  • Clues to how Ricci's fate was sealed
    Apr 18 2013 19:20 BST
    If anyone was ever in any doubt that Rich Ricci was on his way out as head of Barclays' investment bank, the past couple of months threw up two pretty clear clues. The first, and clearest, came when Antony Jenkins, Barclays' chief executive - appointed last August to burnish the...
  • Nokia shares lose ground in Europe
    Apr 18 2013 18:40 BST
    Nokia's shares lost ground after the Finnish group revealed the smallest quarterly revenues in more than a decade, derailing investor confidence. Its shares fell 8.3 per cent to €2.42, its lowest price so far this year, as revenues and profits fell short of analysts' expectations. One bright spot was its...


Portfolio Movers


Gainers Today's Market Change
Randgold Resources Ltd
Union Pacific Corp
Cross Timbers Royalty Trust
Verizon Communications Inc
Cabot Oil & Gas Corp
Losers Today's Market Change
Nokia Oyj
Altria Group Inc
Resource Capital Corp
KCAP Financial Inc
AllianceBernstein Holding LP

Disclosure: I am long GOLD, UNP, CRT, VZ, COG, NOK, MO, RSO, KCAP, AB.