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The Week Ahead: Tiffany, Avago Technologies and The Fresh Market Report Earnings; Key Economic Data on Tap

Fri, 24 May 2013 20:38:33 -0400

The final week of May will be critical for the markets as volatility hit a number of regional stock indices this week, although the United States was largely spared.

For the week, the S&P 500 lost a little better than 1 percent, but this paled in comparison to losses in

Market Wrap for Friday, May 24: Stocks Close Week Near Unchanged Mark

Fri, 24 May 2013 16:20:46 -0400

A day after a sell-off hit much of the world, but spared the United States, the U.S. market was essentially flat on the last trading session of the week. Although there are signs that a pullback may be imminent, investors continue to pour money into U.S. stocks on expectations that

Mid-Day Market Update: Infoblox Jumps On Upbeat Results, Sears Declines

Fri, 24 May 2013 12:56:34 -0400

Midway through trading Friday, the Dow traded down 0.20 percent to 15,264.01, while the NASDAQ fell 0.29 percent to 3,449.33. The S&P was also down, declining 0.31 percent to 1,645.38.

Top Headline Yesterday, Pandora Media (NYSE: P) reported upbeat revenue for the first quarter. Pandora posted a quarterly net loss

Mid-Morning Market Update: Markets Fall, Pandora Posts Higher Revenue

Fri, 24 May 2013 10:36:12 -0400

Following the market opening Friday, the Dow traded down 0.26 percent to 15,255.34, while the NASDAQ fell 0.55 percent to 3,444.19. The S&P was also down, declining 0.47 percent to 1,642.82.

Top Headline Yesterday, Pandora Media (NYSE: P) reported upbeat revenue for the first quarter. Pandora posted a quarterly net

MillerCoors CEO Tom Long On The Evolving Beer Industry

Fri, 24 May 2013 10:17:55 -0400

Tom Long, Chief Executive Officer of MillerCoors, appeared on CNBC's Squawk Box to talk about the longtime summer tradition of drinking beer. The conversation ranged from the happenings of MillerCoors to legislation around the taxation of the industry.

"Summertime is beer time, and every single week of the summer is as

Durable Goods Orders Rebound, Up Two of Past Three Months

Fri, 24 May 2013 09:40:43 -0400

New orders for manufactured durable goods in April increased $7.2 billion or 3.3 percent to $222.6 billion, the U.S. Census Bureau announced Friday. This increase, up two of the last three months, followed a 5.9 percent March decrease. Orders generally increased across the board with only a couple exceptions. Note

Benzinga Market Primer: Friday May 24

Fri, 24 May 2013 06:03:57 -0400

The buy on the dip mentality seems to be alive and well in this market as the Dow erased a loss of more than 120 points to end close to flat on the day. Let’s not forget that this is a market that found a way to attract buyers on

Market Wrap for Thursday, May 23: Wall Street Shrugs Off Global Slump

Thu, 23 May 2013 16:30:42 -0400

Thursday's trading session may have been the most glaring example of just how powerful the bull market in U.S. stocks is right now. Even though all of the major averages closed slightly lower on the day, the U.S. market was able to shrug off a global rout in stock prices

Housing Market Recovering, New Home Sales Up 2.3 Percent in April

Thu, 23 May 2013 15:53:09 -0400

The U.S housing market continues to swing towards a recovery as positive data on new home sales were released earlier today. According to Reuters, the sale of new single family homes rose 2.3 percent in April.

The Commerce Department noted in the article that sales have increased to a seasonally

Mid-Afternoon Market Update: Markets Turn Upwards, Ply Gem Rises

Thu, 23 May 2013 15:34:24 -0400

Toward the end of trading Thursday, the Dow traded up 0.13 percent to 15,327.52, while the NASDAQ fell 0.12 percent to 3,459.98. The S&P was also down, declining 0.24 percent to 1,651.88.

Top HeadlineDollar Tree (NASDAQ: DLTR) reported a 15 percent rise in its fiscal first-quarter earnings and lifted

Mid-Day Market Update: Stocks Pare Losses, Hewlett-Packard Surges On Upbeat Earnings

Thu, 23 May 2013 12:44:04 -0400

Midway through trading Thursday, the Dow traded down 0.04 percent to 15,301.07, while the NASDAQ fell 0.15 percent to 3,457.98. The S&P was also down, declining 0.33 percent to 1,649.94.

Top HeadlineDollar Tree (NASDAQ: DLTR) reported a 15 percent rise in its fiscal first-quarter earnings and lifted its full-year

New Home Sales Increase Amid Tight Inventories

Thu, 23 May 2013 11:01:29 -0400

Sales of new single-family homes in April 2013 were at a seasonally adjusted annual rate of 454,000, according to estimates released jointly Thursday by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.3 percent above the revised March rate of 444,000 and is 29

Mid-Morning Market Update: Markets Go Red, Dollar Tree Posts Upbeat Profit

Thu, 23 May 2013 10:25:28 -0400

Following the market opening Thursday, the Dow traded down 0.72 percent to 15,196.52, while the NASDAQ fell 0.99 percent to 3,428.98. The S&P was also down, declining 1.06 percent to 1,637.88.

Top HeadlineDollar Tree (NASDAQ: DLTR) reported a 15% rise in its fiscal first-quarter earnings and lifted its full-year

Benzinga Market Primer: Thursday May 23

Thu, 23 May 2013 06:06:38 -0400

Things went from euphoric to worrisome on Wednesday as the Dow saw a 200 point swing. Technicians note that the charts show an outside reversal. In other words—cause for concern.

There is a global selloff taking place this morning with the Dow poised to print a triple digit loss at the

Market Wrap for Wednesday, May 22: Stocks Pullback As Bernanke Says Bond Buying Could Slow

Wed, 22 May 2013 16:19:04 -0400

In Congressional testimony on Wednesday, Federal Reserve Chairman Ben Bernanke said that the central bank could begin winding down its $85 billion-per-month bond-buying program at one of its "next few meetings."

Minutes from the May FOMC meeting, however, showed that there is no consensus about when to begin pulling back

Mid-Afternoon Market Update: MannKind Posts Huge Rally as Markets Plummet

Wed, 22 May 2013 16:18:20 -0400

Toward the end of trading Wednesday, the Dow traded down 0.72 percent to 15,276.86, while the NASDAQ fell 1.53 percent to 3,448.99. The S&P was also down, falling 1.14 percent to 1,650.98.

Top Headline Target (NYSE: TGT) reported a drop in its first-quarter profit.

Target's quarterly profit declined to $498 million,

ABV Makes Notable Cross Below Critical Moving Average

Wed, 22 May 2013 16:16:36 -0400

In trading on Wednesday, shares of Companhia de Bebidas das Americas-AMBEV (ABV) crossed below their 200 day moving average of $41.47, changing hands as low as $41.38 per share. Companhia de Bebidas das Americas-AMBEV shares are currently trading off about 1.8% on the day.

FOMC Minutes from Apr. 30-May 1, 2013 Meeting

Wed, 22 May 2013 14:05:30 -0400

A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, April 30, 2013, at 2:00 p.m. and continued on Wednesday, May 1, 2013, at 9:00 a.m. PRESENT:

Ben Bernanke, Chairman William C.

Mid-Day Market Update: Dycom Gains On Upbeat Results, CVR Partners Drops

Wed, 22 May 2013 12:56:39 -0400

Midway through trading Wednesday, the Dow traded up 0.70 percent to 15,494.86, while the NASDAQ rose 0.48 percent to 3,518.99. The S&P was also up, gaining 0.65 percent to 1,679.98.

Top Headline Target (NYSE: TGT) reported a drop in its first-quarter profit.

Target's quarterly profit declined to $498 million, or $0.77

Mid-Morning Market Update: Markets Surge, Target Posts Lower Profit

Wed, 22 May 2013 10:14:18 -0400

Following the market opening Wednesday, the Dow traded up 0.55 percent to 15,472.44, while the NASDAQ rose 0.52 percent to 3,520.40. The S&P was also up, gaining 0.59 percent to 1,678.95.

Top Headline Target (NYSE: TGT) reported a drop in its first-quarter profit.

Target's quarterly profit declined to $498 million, or

Benzinga Market Primer: Wednesday, May 22

Wed, 22 May 2013 06:34:04 -0400

The markets reached another record high Tuesday as the Dow added 50 points and the S&P, nearly three points. All eyes will be on Fed Chairman Ben Bernanke’s testimony at 10:00 am EST Wednesday.

Morning News

S&P 500 futures are up 1.75 points to 1667.25. The EUR/USD was up at 0.19 percent to

Market Wrap for Tuesday, May 21: Stocks Record Modest Gains Ahead of Bernanke Testimony

Tue, 21 May 2013 16:20:00 -0400

U.S. stocks staged a modest rally on Tuesday ahead of Congressional testimony from Federal Reserve Chairman Ben Bernanke on Wednesday.

The expectation that the central bank will continue to lend support to the markets helped sustain risk appetite on the day.

Investors were also encouraged by a client note issued

Mid-Afternoon Market Update: Markets Look to be Closing Higher For the 19th Strait Tuesday

Tue, 21 May 2013 15:59:37 -0400

Toward the end of trading Tuesday, the Dow traded up 0.47 percent to 15,407.31, while the NASDAQ rose 0.28 percent to 3,506.98. The S&P was also up, gaining 0.30 percent to 1,671.54.

Top Headline Home Depot (NYSE: HD) reported an 18.5% increase in its Q1 earnings and lifted its 2013

Mid-Day Market Update: Navios Maritime Jumps On Upbeat Results, iGATE Drops

Tue, 21 May 2013 12:54:52 -0400

Midway through trading Tuesday, the Dow traded up 0.20 percent to 15,365.31, while the NASDAQ rose 0.04 percent to 3,497.98. The S&P was also up, gaining 0.08 percent to 1,667.54.

Top Headline Home Depot (NYSE: HD) reported an 18.5% increase in its Q1 earnings and lifted its 2013 earnings forecast.

Home

Mid-Morning Market Update: Markets Open Higher, Home Depot Profit Beats Estimates

Tue, 21 May 2013 11:00:53 -0400

Following the market opening Tuesday, the Dow traded up 0.36 percent to 15,390.13, while the NASDAQ rose 0.17 percent to 3,502.38. The S&P was also up, gaining 0.30 percent to 1,671.30.

Top Headline Home Depot (NYSE: HD) reported an 18.5% increase in its Q1 earnings and lifted its 2013 earnings

Benzinga Market Primer: Tuesday, May 21

Tue, 21 May 2013 06:35:00 -0400

Although far from anything resembling a correction, the markets ended Monday’s trading session barely in the red on the back of a weak dollar and gold that started the day sharply lower but rebounded.

Tuesday, traders will watch for signs of follow-thru of yesterday’s pullback. Here’s what happened overnight:

Morning News

S&P 500

Market Wrap for Monday, May 20: Stocks Record Very Minor Losses; Greenback Falls Versus Euro

Mon, 20 May 2013 16:25:45 -0400

The U.S. stock market fell on Monday in a quiet trading session. The losses, however, were very minor and the sharp uptrend in equities continues to look intact.

Nevertheless, traders and investors will be on the lookout for any sign of a pullback as stock prices have been surging on

Mid-Afternoon Market Update: McEwen Mining Rises as Commodities Turn Green

Mon, 20 May 2013 15:34:38 -0400

Toward the end of trading Monday, the Dow traded down 0.03 percent to 15,349.64, while the NASDAQ rose 0.01 percent to 3,499.69. The S&P was also up, gaining 0.02 percent to 1,667.29.

Top Headline Yahoo! (NASDAQ: YHOO) announced its plans to acquire blogging network Tumblr for roughly $1.1 billion.

Mid-Day Market Update: Markets Edge Higher, Team Drops On Q4 Earnings Outlook

Mon, 20 May 2013 12:33:27 -0400

Midway through trading Monday, the Dow traded up 0.20 percent to 15,385.64, while the NASDAQ rose 0.28 percent to 3,508.69. The S&P was also up, gaining 0.29 percent to 1,672.29.

Top Headline Yahoo! (NASDAQ: YHOO) announced its plans to acquire blogging network Tumblr for around $1.1 billion.

Equities Trading UP Websense (NASDAQ:

Thailand ETF Embodies New World Order

Mon, 20 May 2013 12:23:01 -0400

In theory, it should not be good news for a high-flying emerging markets ETF when the market tracked by the fund reports first-quarter GDP growth that was 2.2 percent below what was seen in the fourth quarter. Perhaps it should be even worse that the country's 2013 GDP forecast has

Mid-Morning Market Update: Markets Fall, Yahoo To Acquire Tumblr

Mon, 20 May 2013 10:43:20 -0400

Following the market opening Monday, the Dow traded down 0.16 percent to 15,329.97, while the NASDAQ fell 0.05 percent to 3,497.34. The S&P was also down, dropping 0.15 percent to 1,664.99.

Top Headline Yahoo! (NASDAQ: YHOO) announced its plans to acquire blogging network Tumblr for around $1.1 billion. Yahoo shares

Benzinga Market Primer: Monday, May 20

Mon, 20 May 2013 06:33:27 -0400

It’s Monday and the S&P 500 is, again, sitting at an all time high of 1,667.47. CNBC predicted that the bulls will keep control this week but the market will listen for any sign that Fed president Ben Bernanke is considering drawing down QE.

However, some technicians note that the

A Look Ahead: This Week's ETFs to Watch

Sun, 19 May 2013 19:56:46 -0400

Sell in May and go away? Try again next year.

After last week's gains, the S&P 500 is sitting on a 4.4 percent gain for the month heading into Monday's trading session. The benchmark U.S. index now resides less than 40 points away from the lofty 1,700 level. Indeed, this

Presidential Visit Puts Myanmar Investment Theme in Spotlight

Sun, 19 May 2013 11:11:48 -0400

Six months after President Barack Obama visited Myanmar, that country's president, Thein Sein, will visit the White House.

Sein's visit to Washington, D.C. marks the first such visit by a leader from the Southeast Asian nation in nearly five decades and it is one that again puts the spotlight on Myanmar's

Weekly Preview: FOMC Minutes in Focus, Earnings Season Wanes

Fri, 17 May 2013 16:29:42 -0400

In the upcoming week, market focus shifts back to the Fed as the FOMC minutes of the latest meeting are released. Also, Fed Chairman Ben Bernanke is set to speak as earnings season slows down, although there are still some key earnings set to be released.

Key Earnings This week, the earnings

Market Wrap for Friday, May 17: Stocks Gain on Late Day Rally

Fri, 17 May 2013 16:25:21 -0400

Markets surged Friday afternoon, bringing the Dow near a record high at 15,354.40.

The S&P 500 closed up almost one percent, with the Nasdaq up slightly more than that.

The rise in stock prices this week can be largely attributed to the end of earnings season, job numbers, and positive information from

Mid-Afternoon Market Update: SolarCity Continues to Rise as Gold Bugs Get Smashed

Fri, 17 May 2013 15:54:26 -0400

Toward the end of trading Thursday, the Dow was up 0.77 percent to 15,249.41, while the NASDAQ rose 0.89 percent to 3,496.33. The S&P was also up 0.97 percent to 1,666.90.

Top Headline Gold has plummeted 4.8% as the week comes to a close, dropping below $1,390 an ounce, the lowest level

Mid-Day Market Update: Gold Prices Fall on Strength in US Dollar, Stock

Fri, 17 May 2013 12:48:29 -0400

Midway through trading Thursday, the Dow was up 0.43 percent to 15,298.41, while the NASDAQ rose 0.49 percent to 3,482.33. The S&P was also up 0.51 percent to 1,658.90.

Top Headline Gold has plummeted 4.8% as the week comes to a close, dropping below $1,390 an ounce, the lowest level seen since

Bloomberg Survey Finds Apple has Lost Reputation as Industry Leader

Fri, 17 May 2013 08:53:24 -0400

It’s hardly what statisticians would consider scientific data but it’s telling, none-the-less.

The Bloomberg Global Poll is a survey that was conducted with 906 Bloomberg customers on May 14. According to the back story, Bloomberg interviewed the respondents using their Bloomberg terminal.

You’ve heard of the Bloomberg terminal—it’s the high dollar

Market Wrap for Thursday, May 16: A Small Pullback For U.S. Stocks as Economic Data Disappoints

Thu, 16 May 2013 16:17:39 -0400

Stocks pulled back late on Thursday as bullish sentiment could not overcome disappointing economic reports. Initial jobless claims, housing starts and a reading of the Philadelphia Fed's Business Outlook Index all surprised to the downside.

Although it is far too early to predict a correction in the market, investors who have

Bloomberg Reports on Rise of Possible Housing Bubble

Thu, 16 May 2013 16:03:24 -0400

Is the U.S. housing market entering the early stages of a possible bubble?

Or is this stagnant industry finally growing? Kathleen M. Howley of Bloomberg published an article earlier Thursday pertaining to these implications in the housing market.

In her article, Howley comments that the Federal Reserves' aim to push

Mid-Afternoon Market Update: Optimer Falls as Halozyme Rockets Upwards

Thu, 16 May 2013 15:35:35 -0400

Toward the end of trading Thursday, the Dow was down 0.10 percent to 15,259.91, while the NASDAQ rose 0.13 percent to 3,476.15. The S&P traded down, falling 0.23 percent to 1,654.47.

Top Headline US stocks saw some volatility on Thursday, fluctuating between gains and losses, following the disappointing economic data released this

Mid-Day Market Update: US Stocks Fluctuate, Cisco Systems Up on Better-than-Expected Earnings

Thu, 16 May 2013 13:38:44 -0400

Midway through trading Thursday, the Dow was up 0.05 percent to 15,282.91, while the NASDAQ rose 0.05 percent to 3,477.15. The S&P traded down, falling 0.08 percent to 1,657.47.

Top Headline US stocks saw some volatility on Thursday, fluctuating between gains and losses, following the disappointing economic data released this morning. While

Mid-Morning Market Update: Housing Starts Plummet, Initial Jobless Claims Rise

Thu, 16 May 2013 10:51:33 -0400

Following the market opening Wednesday, the Dow traded down 0.12 percent to 15,257.00, while the NASDAQ rose 0.15 percent to reach 3,476.75. The S&P also fell, declining 0.17 percent to 1,655.95.

Top Headline Some bad news came in with the economic reports on Thursday, with housing starts dropping sharply and jobless claims

Budget Deficit Estimates Shrink – Again

Thu, 16 May 2013 08:02:49 -0400

Finally, we can rejoice in the fact that the news surrounding the United States’ money problems is positive. Who would have thought it would happen?

Once again, the Congressional Budget Office has shrunk the 2013 budget deficit projection. It’s now down to $642 billion--$200 billion lower than it’s February projection.

Why the

Market Wrap for Wednesday, May 15: Bull Market Continues as Dow and S&P Hit New Highs

Wed, 15 May 2013 16:17:21 -0400

A late day push helped the U.S. stock market to another strong close on Wednesday. The Dow and S&P 500 finished the session at new all-time highs and all of the major averages recorded steady gains.

U.S. stocks have been on fire at the beginning of 2013 and the current

Mid-Afternoon Market Update: Computer Science Corporation Falls as Markets

Wed, 15 May 2013 15:28:17 -0400

Toward the end of trading Wednesday, the Dow traded up 0.17 percent to 15,244.86, while the NASDAQ fell 0.11 percent to reach 3,458.19. The S&P also rose, gaining 0.22 percent to 1,653.81.

Top Headline Shares of Google Inc (NASDAQ: GOOG) surged Wednesday, crossing the $900 mark for the first time

Summary of Jana Partners 13F: Aetna, Expedia and Kinder Morgan All Raised Among Others

Wed, 15 May 2013 15:24:18 -0400

Barry Rosenstein's JANA Partners released its 13F for Q1 Wednesday. Value of fund increased from $3.5 billion to $4.8 billion.

(All units are in millions of shares)

Raised:

• Aetna (NYSE: AET) from 2.6 to 3.8

• Agrium (NYSE: AGU) from 9.4 to 11.2

• Big Lots (NYSE: BIG)

Mid-Day Market Update: Google Shares Surge Ahead of Developer Conference, E-Commerce Sales Up

Wed, 15 May 2013 13:36:12 -0400

Following the market opening Wednesday, the Dow traded up 0.47 percent to 15,286.86, while the NASDAQ rose 0.31 percent to reach 3,473.19. The S&P also rose 0.57 percent to 1,659.81.

Top Headline Shares of Google Inc (NASDAQ: GOOG) surged Wednesday, crossing the $900 mark for the first time to $909.38.

Market Wrap for Tuesday, May 14: Stocks Rally to New Highs

Tue, 14 May 2013 16:25:25 -0400

The U.S. stock market notched another rally on Tuesday as momentum pushed the major averages to new year-to-date highs. Money flowed out of bonds and into equities as risk appetite remains brisk on Wall Street.

After recording a 1 percent gain on the session, the S&P 500 is up almost