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Composite Portfolio Midday Report (5/15/13)

|Includes: Alaska Communications Systems Group, Inc. (ALSK), DHCP, EXD, IAC, IVR, NOK, OZM, VZ, WWE, XAN

Russell 2000 +0.38%
S&P 500 +0.30%
NASDAQ Composite +0.24%
Dow Jones Industrial Average +0.25%
Pretty Girls and Railroads +0.41%
Climbers and Dogs +0.27%
Widows and Orphans +0.04%
Cumulative +0.24%
  • Dish Network gains edge in battle for Sprint with $9bn financing
    May 15 2013 15:31 BST
    Dish Network has secured financing on its $25.5bn bid for Sprint Nextel, overcoming attempts by its rival suitor SoftBank of Japan to persuade banks to boycott the US group, according to people familiar with the process. Dish has said it needs $9bn of financing to back its bid for Sprint....
  • Oil and gas products: pumped prices?
    May 15 2013 15:27 BST
    "It sounds like profit before people yet again!" "I need cheaper petrol." "There is something wrong here!" These comments were posted on Wednesday on the angry-sounding website, which campaigns "for cheaper petrol and diesel." The European Commission has now waded in, launching a probe into "collusion" among oil producers...
  • Q&A: Oil pricing investigation
    May 15 2013 11:43 BST
    What has the European Commission accused oil companies of doing? The European Union's executive body has launched an investigation into whether oil producers and traders have colluded to fix oil prices, driving up the price consumers pay at the pump. The Commission believes the practice may have been going on...
  • Hon Hai (Foxconn): outfoxed
    May 15 2013 11:31 BST
    If Terry Gou had taken his planned stake in Sharp last year, he'd be only a sixth in the red following a trebling of its shares in six months. Still, he did not and anyway, it would not have helped Hon Hai Precision, the company he founded that trades under...
  • US utilities' outperformance fades away
    May 15 2013 10:14 BST
    The record rally for US stocks that kicked off the year was driven by a historic outperformance from companies in the utilities sector, Wall Street's hallmark defensive equity market bet. Utilities companies significantly, and unusually, outpaced the industry's expected returns in a rising market during the four months through April,...


Portfolio Movers


Gainers Today's Market Change
Alaska Communications Systems Group Inc
Walter Investment Management Corp
Och-Ziff Capital Management Group LLC
Nokia Oyj
Losers Today's Market Change
World Wrestling Entertainment Inc
Eaton Vance Tax-Advantaged Bond and Options Strategies Fund
Invesco Mortgage Capital Inc
Resource Capital Corp
Verizon Communications Inc

Disclosure: I am long ALSK, WAC, OZM, NOK, IACI, WWE, EXD, IVR, RSO, VZ.