Month: June 2012

This twenty second trading week of 2012 comes to a close with investors fretting over losing all of their 2012 gains after the Dow plumetted 280 points following a lackluster jobs report. Hi.

A very disappointing government jobs report sent stocks sharply lower today, with all the major indices in negative territory. Just 69,000 jobs were added in May and the unemployment rate ticked up to 8.2 percent.

Blackrock (BLK) was upgraded today by Goldman Sachs (GS) to buy as the stock has underperformed relative to its peers. A $200 price target was set.

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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

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.

In trading on Friday, precious metals shares were relative leaders, up on the day by about 2.6%. Leading the group were shares of Golden Star Resources Limited (GSS), up about 8.5% and shares of Timmins Gold (TGD) up about 6.5% on the day.

This is what’s in the news for Thursday May 31, 2012. The Wall Street Journal reports AT&T (NYSE:T), Google (NASDAQ:GOOG), Microsoft (NYSE:MSFT) and Intel (NASDAQ:INTC) are backing a U.S. effort to block a UN agency from extending its powers to the Internet which could increase costs for U.S. corporations offering online services abroad. Reuters reports US Airways Group (NYSE:LCC) and TPG Capital may join to bid for American Airlines’ parent, AMR Corp. (AAMRQ), sources say. Bloomberg reports Nasdaq OMX Group’s (NASDAQ:NDAQ) handling of Facebook’s (NASDAQ:FB) IPO has led to lawsuits and may cost brokers $100M, but what SEC officials will want to know is whether the market operator put the public’s interest first. Finally, Bloomberg also reports Gold is poised for the worst run of monthly losses in almost 13 years as concern that Europe’s fiscal crisis is escalating drove investors to seek the dollar as a haven over the precious metal. In terms of oil, the fossil fuel was poised for the biggest monthly drop in more than three years in New York on speculation Europe’s worsening debt crisis and a slowing U.S. economy will reduce fuel demand.

Learn how to put Money in your Pocket: Divorce and Finances 6-1-12