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Bob Carey
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  US Stocks Week Ended February 8, 2013
Posted Under: Weekly Market Commentary
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Equities were mixed for the week as a better-than-expected ISM-Non Manufacturing number and strong trade data from China helped stocks. However, political uncertainty in Italy and Spain as well as ECB President Draghi's concerns about a strong Euro hurt global investors' confidence. Turning to earnings season, 341 companies in the S&P 500 have reported earnings with 67% of companies beating on revenues. Financials have provided the biggest surprise while Energy stocks have surprised to the downside. Humana Inc. gained after earnings on higher membership rates from its Medicare Advantage segment. In retail, Ralph Lauren Corp. and The Estee Lauder Companies Inc. both gained after posting strong holiday quarters. Additionally, O'Reilly Automotive Inc. jumped after 4th quarter comps increased by 4.2%. In technology, Entropic Communications Inc. declined after reducing guidance due to seasonal factors and share loss in connectivity. In merger news, Dell Inc. agreed to go private in a $24.4 billion leveraged buyout, the largest LBO since the financial crisis. However, some investors are vowing to fight the $13.65 a share price tag, as they believe it undervalues the company at roughly 8 times earnings. Looking ahead to next week, President Obama's State of the Union Address and U.S. Retail Sales for January will be key headlines.
Posted on Monday, February 11, 2013 @ 10:14 AM • Post Link Share: 
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These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
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