Lance Armstrong confessed to using performance-enhancing drugs to win the Tour de France during an interview with Oprah Winfrey, reversing more than a decade of denial.
Numerous bushfires continue to rage in southern and eastern Australia, one of which surrounds several towns in the state of Victoria. Rough Cut (no reporter narration).
Flooding in central Jakarta continues to wreck havoc shutting down offices and bring traffic to a standstill. Rough Cut (no reporter narration).
Medtronic (MDT) was upgraded by Credit Suisse (CS) to outperform from neutral as the firm believes that growth at the company should exceed that of consensus estimates during the next few quarters. Shares are higher by about three percent.
El Paso Pipeline (EPB) had its numbers increased by UBS (UBS) as recent cost cuts should add to earnings. A buy rating was issued with a $42 price target.
Mens Wearhouse Incorporated (MW) maintained its quarterly dividend of 18 cents per share. The dividend is payable on March 29, 2013 to shareholders of record at the close of business on March 19, 2013.
Some hopeful signs for the sluggish economy gave the markets a boost today, with all the major indices in positive territory. The number of Americans filing first time unemployment benefits fell to a five-year low last week, down 37,000 to a seasonally adjusted 335,000, according to the Labor Department.
Cabot Oil & Gas Corporation (COG) maintained its quarterly dividend of 2 cents per share. The dividend will be paid February 13, 2013 to all shareholders of record as of the close of business January 30, 2013.
Cree (CREE) was downgraded by Jefferies (JEF) from buy to underperform with a price target of $28, as LED demand trends may have been overly optimistic. Shares are about even in trading.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.