Positive Move In Us Stocks Overshadows Fears Of European Debt Crisis - CHRW, GME, DWA, TWX, RL, AFL, MMM, V, DIS, MSFT, PRU, NWS, AAPL
Northern, WI 02/07/2013 (avauncer) - With profits boosting, Time Warner Inc. (NYSE:TWX) recorded a growth of 4.1%. The interactive unit of Walt Disney Co. (NYSE:DIS) scored its first ever profit since 2009; its sales exceeded estimates and shares gained 0.4%.
Microsoft Corp. (NASDAQ:MSFT)’s latest version of X-box console will most likely require an internet connection, if a recently released report is to be believed. This was reason enough for stocks of GameStop Corp. (NYSE:GME) to fall by 6%.Dreamworks Animation SKG Inc. (NASDAQ:DWA) fell by 3.9%.
A little over 6.5 billion shares were traded on U.S. stock markets on Wednesday, which is quite a significant volume.
David Sowerby, a fund manager at Loomis Sayles & Co. opined the worst part is over as most of the bad news is out already. The good news like earnings, good valuations, and continually declining interest rates is winning the “tug-of-war with Europe”, he said. “the better news is still playing”, he added.
Rising concerns over the prevailing debt crisis in Europe further brought down U.S. equities. Even as the Euro fell further against the dollar, Mario Dragline, President of European Central Bank will be presiding over a policy makers’ meeting.
In 2013, a gain of 6% has been predicted by S&P 500. The benchmark equity gauge, after hitting a low in March 2009 has doubled up as Federal Reserve has taken steps like conducting multiple rounds of buying of bonds. This has been done to lower interest rates and increase the economic growth.
Visa Inc. (NYSE:V), News Corp. (NASDAQ:NWS) and Prudential Inc. (NYSE:PRU)are some of the well known companies that recorded an increase. Jeffrey Bewkes, CEO of Time Warner is concentrating on growth in the T.V. business. He included high budget shows and major sporting events which demanded greater fees from the TV providers.
Disney also advanced during the day. First-quarter profit exceeded analysts’ estimates.
Ralph Lauren Corp. (NYSE:RL) also registered a fiscal third-quarter gain, owing to cheaper cotton and lowering expenses.
The biggest advancement in the Dow Jones was made by 3M Co. (NYSE:MMM) Supplemental health insurance company Aflac Inc. (NYSE:AFL) fell by 4.3%.
DreamWorks pulled out the movie “Me and My Shadow” for further development. In addition, the release of “Mr. Peabody & Sherman has been postponed. This has resulted in the falling down of its shares.
C.H. Robinson Worldwide Inc. (NASDAQ:CHRW), the freight broker fell by 9.7%, leading declines in the S&P 500. Rising gambling practices in Macau has forced the Chinese government to take action against junket tour and resort operators. In light of this, Wynn Resorts Ltd. fell by 2%. Inspite of a rally during the earlier part of the day, Apple Inc. (NASDAQ:AAPL) fell by 0.1%
Time Warner Inc. (NYSE:TWX) shares were up by 0.27% and currently trading at $52.12.
Walt Disney Co. (NYSE:DIS) shares declined by 0.83% and currently trading at $54.07.
Microsoft Corp. (NASDAQ:MSFT) shares declined by 0.07% and currently trading at $27.31.
GameStop Corp. (NYSE:GME) shares declined by 0.48% and currently trading at $25.08.
Dreamworks Animation SKG Inc. (NASDAQ:DWA) shares were up by 0.63% and currently trading at $16.85.
Visa Inc. (NYSE:V) shares were declined by 1.32% and currently trading at $158.69.
News Corp. (NASDAQ:NWS) shares were declined by 2.16% and currently trading at $28.07.
Prudential Inc. (NYSE:PRU) shares were declined by 3.26% and currently trading at $56.80.
Ralph Lauren Corp. (NYSE:RL) shares were declined by 0.60% and currently trading at $173.99.
3M Co. (NYSE:MMM) shares were declined by 0.17% and currently trading at $102.48.
Aflac Inc. (NYSE:AFL) shares declined by 0.68% and currently trading at $50.82.
C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) shares declined by 2.69% and currently trading at $58.90.
Apple Inc. (NASDAQ:AAPL) shares increased by 0.98% and currently trading at $458.84.DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. - Contact us at support @ avauncer dot com if you have any questions or comments.