Month: October 2012

In trading on Friday, education & training services shares were relative leaders, up on the day by about 3.3%. Leading the group were shares of Devry (DV), up about 23% and shares of American Public Education (APEI) up about 7% on the day.

Apple (AAPL) announced that it earned $8.2 billion, or $8.67 per share, during the fourth quarter, versus $6.6 billion, or $7.05 per share in the same period last year. Revenue increased by $34.96 billion, in line with estimates of $35.8 billion.

A musician who lives in the same Kennebunk suburb as accused Zumba prostitute Alexis Wright has made a hit You Tube rap song about the case.

The Hershey Company (HSY) announced its quarterly dividend of 42 cents per share, an increase of about 11% over its prior dividend in August of 38 cents. The dividend is payable on December 14, 2012, to stockholders of record November 23, 2012.

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys.

Allegheny Technologies (ATI) was downgraded by JP Morgan (JPM) to neutral from overweight with a $29 price target due to oversupply in the stainless steel market. Shares are lower by about three percent.

Lehigh Gas Partners LP, a Delaware limited partnership, announced today it has priced its IPO of 6,000,000 common units representing limited partner interests in Lehigh Gas Partners at $20.00 per common unit. The common units will trade on the New York Stock Exchange under the symbol “LGP” beginning on October 25, 2012.

In trading on Thursday, packaging & containers shares were relative leaders, up on the day by about 2.7%. Leading the group were shares of Graphic Packaging Holding (GPK), up about 6.2% and shares of Libbey SC (LBY) up about 6.2% on the day.

Better than expected housing data and positive earnings reports gave investors reason to be optimistic as the markets made a bit of a recovery today. The Commerce Department is reporting a 5.7 percent rise in new home sales in September to a seasonally adjusted annual rate of 389,000.

Dr. Pepper Snapple Group (DPS) announced that net income increased by 16 percent in the third quarter due to price increases.