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Composite Portfolio MIdday Report (7/23/13)

|Includes: ABT, ALSK, CP, EXD, MXA, Nordic American Tankers Limited (NAT), PSX, RAI, TEF, UMC

Widows and Orphans     +0.24%      
Climbers and Dogs     +0.06%      
Pretty Girls and Railroads     -0.41%      
Total     -0.04%  
  • KPN deal with Telefónica boosts telecoms
    Jul 23 2013 17:35 BST
    European telecoms were boosted on Tuesday after Dutch group KPN agreed to sell its German mobile unit to Spain's Telefónica. Telefónica Deutschland, the third largest of the four mobile operators in Germany, said it would pay €5bn in cash for E-Plus, KPN's unit and the smallest of the four players...
  • United Technologies gains on raised earnings guidance
    Jul 23 2013 17:34 BST
    The S&P 500 rally paused on Tuesday as the summer earnings season drove investors to companies with positive outlooks, including United Technologies, which raised its future earnings guidance. UT shares rose 2.5 per cent to $104.65 despite missing revenue expectations. Optimism about the aerospace industry, however, cheered investors, as the...
  • DuPont exploring option for Teflon unit
    Jul 23 2013 17:26 BST
    DuPont is "exploring strategic alternatives" for its performance chemicals division as part of a drive to turn the US chemicals manufacturer into a "higher-growth, higher-value company", it announced on Tuesday. Ellen Kullman, chief executive, said the company had been "carefully weighing" the strong cash generation of the performance chemicals businesses...
  • Crosby moves to end cigarette packaging row
    Jul 23 2013 16:08 BST
    Lynton Crosby denied having "any conversation" over plain cigarette packaging with David Cameron on Tuesday as the prime minister's part-time election adviser sought to end speculation that he had lobbied on the matter. Mr Crosby, whose lobbying firm advises tobacco company Philip Morris, said in a statement that any suggestion...
  • Banks warn capital rules threaten 'repo'
    Jul 23 2013 15:47 BST
    Big US banks are warning that new rules on their funding could hit the more than $7tn "repo market", where financial institutions borrow against government bonds, potentially destabilising one of the most important financial markets in the world. Analysts at JPMorgan Chase estimate that big banks in Europe, Japan, the...

Portfolio Movers

Gainers Today's Market Change
Nordic American Tanker Ltd
Phillips 66
United Microelectronics Corp
Abbott Laboratories
Telefonica SA
Losers Today's Market Change
Alaska Communications Systems Group Inc
Reynolds American Inc
Canadian Pacific Railway Ltd
Eaton Vance Tax-Advantaged Bond and Option Strategies Fund
Minnesota Municipal Income Portfolio

Disclosure: I am long NAT, PSX, UMC, ABT, TEF, ALSK, RAI, CP, EXD, MXA.