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Composite Portfolio Midday Report (5/8/13)

|Includes: AB, EQNR, FL, NAT, NOK, PTR, RAI, Two Harbors Investment Corp. (TWO), UMC, XAN

NASDAQ Composite +0.37%
S&P 500 +0.27%
Russell 2000 +0.03%
Dow Jones Industrial Average +0.09%
Climbers and Dogs +0.53%
Widows and Orphans +0.42%
Pretty Girls and Railroads +0.13%
Cumulative +0.36%
  • Chevron hits out at Indonesian court for jailing of contractor
    May 08 2013 14:06 BST
    US oil and gas group Chevron has attacked an Indonesian court's decision to jail one of its subcontractors for five years on hotly contested corruption charges, calling the trial process "flawed" and warning that it would undermine the investment climate in one of Asia's hottest emerging markets. Ricksy Prematuri, a...
  • Telefónica's domestic revenues eclipsed by sales in Brazil
    May 08 2013 09:36 BST
    Telefónica reported a drop in first-quarter revenues after sharp declines in key European markets cancelled out a better performance in the group's Latin American operations. The Spanish telecoms group also revealed that revenues from its business in Brazil had eclipsed sales in its home market for the first time, and...
  • King plays down talk of Sainsbury exit
    May 08 2013 08:06 BST
    The chief executive of J Sainsbury has played down reports that he is poised to depart the supermarket chain in the near future, as the British grocer reported a drop in full-year pre-tax profit. Justin King, who has headed Sainsbury for almost a decade, told Sky News that he had...
  • Mondelez hit by weak consumer spending
    May 07 2013 23:03 BST
    Mondelez International reported a 30 per cent drop in first-quarter earnings as weak global consumer spending hit earnings at the snacks group spun out of Kraft Foods. Mondelez, which includes the Oreos, Trident and Cadbury brands, reported net income of $568m, or 32 cents per diluted share, during the quarter...
  • Investors should raise a glass to Walsh on Diageo exit
    May 07 2013 22:43 BST
    Diageo's succession is as smooth as a pint of Guinness. Ivan Menezes, in effect appointed chief executive-elect in March last year, is taking over from Paul Walsh in July, with Mr Walsh leaving the board of the drinks group in the autumn, and the group itself next summer. There's not...


Portfolio Movers


Gainers Today's Market Change
Two Harbors Investment Corp
United Microelectronics Corp
Statoil ASA
PetroChina Co Ltd
Nokia Oyj
Losers Today's Market Change
Resource Capital Corp
Foot Locker Inc
Reynolds American Inc
AllianceBernstein Holding LP
Nordic American Tanker Ltd

Disclosure: I am long TWO, UMC, STO, PTR, NOK, RSO, FL, RAI, AB, NAT.